Unilever Nigeria Reports 65% Profit Surge in Q1 2025 Amid Strong Consumer Focus

Unilever Nigeria Plc has announced a substantial 65% increase in its net profit for the first quarter of 2025, as detailed in its unaudited financial report for the period ending March 31. The company reported a turnover of ₦46.9 billion, marking a 45% increase from the ₦32.3 billion recorded in the same quarter of 2024. This strong growth reflects continued momentum in the company’s operations and market strategy.

The company’s gross profit also saw a significant rise, reaching ₦18.8 billion—a 40% growth from the ₦13.5 billion recorded in Q1 2024. Net profit grew from ₦3.4 billion to ₦5.6 billion. The results signal operational efficiency and increased demand for Unilever’s products in the Nigerian market despite broader economic challenges.

Tobi Adeniyi, the Managing Director of Unilever Nigeria, expressed satisfaction with the Q1 results, highlighting the company’s strategic focus on its core portfolio and market areas. He emphasized three key business pillars: concentrating on core categories, strengthening brand superiority, and enhancing productivity. These strategies have contributed to the company’s solid start to the year.

Adeniyi also stressed the importance of consumer-centricity in achieving sustained performance. He expressed optimism about maintaining this positive trajectory throughout 2025, attributing success to disciplined execution and responsiveness to consumer needs. According to him, Unilever is committed to improving everyday life for Nigerians through its products and business practices.

Reaffirming Unilever’s commitment to the Nigerian market, Adeniyi noted the company’s long-standing presence in the country, spanning over a century. He emphasized that Unilever remains deeply invested in its local operations and will continue to serve Nigerian consumers with high-quality, locally produced goods. This enduring presence underlines the company’s belief in Nigeria’s long-term potential.

Source: The Sun