PZ Cussons Nigeria Reports N260.46bn Revenue Growth

PZ Cussons Nigeria Plc recorded N260.46 billion in revenue for the first quarter (Q1) of the 2027 financial year, representing a 10% increase from N59.014 billion in the same period in 2025. The company's cost of sales rose by 5%, from N43.11 billion in Q1 2025 to N45.06 billion in Q1 2026, while gross profit increased by 24%, from N15.90 billion to N19.78 billion.

Total operating profit for the quarter rose to N8.54 billion, up from N5.85 billion in the corresponding period in 2026. Oghenekevwe Ogefere, the Company Secretary, stated that the 39% growth in organic operating profit was attributed to a favorable mix of volume and pricing, alongside the strength of the Group’s brands.

Profit before tax was reported at N9.09 billion, with profit after tax at N4.63 billion, both lower than the previous year due to non-recurring gains. The gross margin improved to approximately 30.5%, up from 26.9% a year earlier, reflecting the company's focus on sustainable revenue growth and operational efficiency.