By Seun Ibiyemi
Unilever Nigeria Plc has reported a 26 per cent increase in revenue to N59.2 billion for the first quarter ended March 31, 2026, up from N46.9 billion recorded in the corresponding period of 2025.
The company disclosed this in its unaudited financial results submitted to the Nigerian Exchange Limited on Thursday in Lagos.
According to the report, operating profit rose by 39 per cent to N11.5 billion from N8.3 billion in the prior year, while net profit also climbed by 26 per cent to N7 billion.
Speaking on the performance, Managing Director, Tobi Adeniyi, described the results as a strong start to the year, noting that the company has sustained the growth momentum achieved in 2025.
“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,” Adeniyi said.
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He added that the performance reflects the company’s 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,” he stated
