Unilever Nigeria Plc has kicked off 2025 with impressive results, reporting a 45% increase in turnover to ₦46.9 billion for the first quarter ended 31st March, up from ₦32.3 billion in the same period last year. This robust topline expansion underscores the company’s strategic push toward core product focus and operational excellence.
🔑 Key Financial Highlights (Q1 2025 vs Q1 2024):
- Turnover: ₦46.9 billion ▲ +45% YoY
- Gross Profit: ₦18.8 billion ▲ +40% YoY
- Net Profit: ₦5.6 billion ▲ +65% YoY
🚀 Solid Momentum Backed by Strategic Execution
The 40% growth in gross profit to ₦18.8 billion was driven by strong sales across Unilever’s core product categories and continued cost optimization efforts. Net profit rose even faster—up 65% to ₦5.6 billion—reflecting improved margins and bottom-line focus under the company’s three-pronged strategy: focusing on core brands, investing in brand superiority, and accelerating productivity.
🗣️ Management Commentary Signals Confidence
Managing Director Tobi Adeniyi highlighted the company’s “strong momentum across all critical dimensions,” attributing the performance to a blend of operational discipline and a consumer-centric approach. He reaffirmed Unilever Nigeria’s long-term commitment to local manufacturing and investment, noting the company’s 100-year legacy as a foundation for future growth.
📈 Outlook: Well-Positioned for Sustained Growth
With a solid start to the year and a clear strategic direction, Unilever appears poised to sustain earnings growth through 2025, leveraging brand strength and operational efficiency in an evolving market environment. The performance sets a positive tone for the year, reinforcing investor confidence in the company's resilience and value creation capacity.
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