Unilever posts 26% revenue growth in first quarter
Lagos, April 2026 (TBL Africa) Unilever Nigeria Plc has recorded a 26 per cent revenue increase to N59.2 billion for the quarter ended March 31, from N46.9 billion in the corresponding period of 2025.
The company disclosed this in its unaudited financial results for the first quarter of the year sent to Nigerian Exchange Ltd. on Thursday in Lagos.
Its operating profit rose by 39 per cent to N11.5 billion, up from N8.3 billion in the prior year, while net profit increased by 26 per cent to N7 billion.
Commenting on the performance, the Managing Director, Mr Tobi Adeniyi, said that the 2026 first quarter results represented a strong start in the year.
“It is a clear signal that the momentum we delivered in 2025 is being sustained.
Growth in the quarter was driven primarily by increased volume, underpinned by innovation and strong marketplace execution.
“This performance reflects our continued operational discipline and commitment to delivering sustainable value.
“We will continue to elevate the consumer experience while reinforcing a play-to-win culture where we focus on winning with Nigerians, strengthening the proposition and desirability of our brands and executing with speed and excellence across all categories.”
