Unilever Nigeria Reports N59.2bn Revenue in Q1 2026

Unilever Nigeria Plc announced its financial results for the first quarter ending March 31, 2026, revealing a revenue of N59.2 billion, which represents a 26% increase from N46.9 billion recorded during the same period in 2025. The company's operating profit rose by 39% to N11.5 billion, while net profit grew by 26% to reach N7.0 billion.

Tobi Adeniyi, the Managing Director of Unilever Nigeria, emphasized that these figures reflect a solid foundation for the remainder of the year and signify a strong start for 2026. The growth in the quarter was primarily driven by increased volume and robust market execution across diverse product categories.

Adeniyi noted the company's commitment to a consumer-centric strategy aimed at maintaining market leadership and enhancing consumer experience. Unilever Nigeria serves approximately 3.4 billion people globally and remains dedicated to the Nigerian market despite prevailing economic shifts.