Narrative Update • Jul 29
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Nigerian (NSE) Consumer Staples Sector Analysis
UpdatedAug 02, 2026
DataAggregated Company Financials
Companies25
- 7D-1.5%
- 3M-11.1%
- 1Y46.5%
- YTD12.7%
Over the last 7 days, the Consumer Staples industry has dropped 1.5%, driven by a pullback from International Breweries of 14%. Over the past 12 months, the industry was up 46%. Looking forward, earnings are forecast to grow by 26% annually.
Sector Valuation and Performance
Has the Nigerian Consumer Staples Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 02 Aug 2026 | ₦30.0t | ₦8.8t | ₦1.2t | 22.8x | 25.2x | 3.4x |
| Tue, 30 Jun 2026 | ₦31.8t | ₦8.7t | ₦1.1t | 22.8x | 27.9x | 3.7x |
| Thu, 28 May 2026 | ₦33.8t | ₦8.6t | ₦1.1t | 26.3x | 29.8x | 3.9x |
| Sat, 25 Apr 2026 | ₦29.2t | ₦7.3t | ₦960.4b | 23.3x | 30.4x | 4x |
| Mon, 23 Mar 2026 | ₦26.4t | ₦7.1t | ₦919.0b | 25.1x | 28.7x | 3.7x |
| Wed, 18 Feb 2026 | ₦27.3t | ₦7.1t | ₦981.1b | 22.5x | 27.8x | 3.8x |
| Fri, 16 Jan 2026 | ₦25.5t | ₦7.0t | ₦930.1b | 29.6x | 27.4x | 3.6x |
| Sun, 14 Dec 2025 | ₦22.1t | ₦7.0t | ₦930.1b | 21.2x | 23.8x | 3.1x |
| Tue, 11 Nov 2025 | ₦21.3t | ₦7.0t | ₦930.2b | 19.3x | 22.9x | 3x |
| Thu, 09 Oct 2025 | ₦21.1t | ₦6.3t | ₦669.3b | 16.9x | 31.6x | 3.4x |
| Sat, 06 Sep 2025 | ₦19.6t | ₦6.3t | ₦669.3b | 17x | 29.3x | 3.1x |
| Mon, 04 Aug 2025 | ₦18.5t | ₦6.3t | ₦668.9b | 20.5x | 27.7x | 2.9x |
| Wed, 02 Jul 2025 | ₦16.3t | ₦6.2t | ₦338.4b | 14.5x | 48.1x | 2.6x |
| Fri, 30 May 2025 | ₦14.5t | ₦6.1t | ₦333.8b | 14.6x | 43.4x | 2.4x |
| Sun, 27 Apr 2025 | ₦12.7t | ₦5.8t | ₦86.0b | 12.7x | 147.7x | 2.2x |
| Tue, 25 Mar 2025 | ₦11.8t | ₦4.9t | -₦20,522,744,704.00 | 12.9x | -575.7x | 2.4x |
| Thu, 20 Feb 2025 | ₦9.6t | ₦3.2t | ₦312.7b | 11.4x | 30.8x | 3.1x |
| Sat, 18 Jan 2025 | ₦9.9t | ₦2.8t | ₦188.5b | 12.9x | 52.7x | 3.6x |
| Mon, 16 Dec 2024 | ₦9.4t | ₦5.8t | ₦217.1b | 8.2x | 43.2x | 1.6x |
| Wed, 13 Nov 2024 | ₦9.2t | ₦5.8t | ₦216.9b | 9.3x | 42.6x | 1.6x |
| Fri, 11 Oct 2024 | ₦76.7t | ₦5.0t | ₦143.6b | 11.2x | 534.3x | 15.4x |
| Sun, 08 Sep 2024 | ₦89.3t | ₦5.0t | ₦143.6b | 9.2x | 622x | 17.9x |
| Tue, 06 Aug 2024 | ₦8.3t | ₦5.0t | ₦144.7b | 9.4x | 57x | 1.7x |
| Thu, 04 Jul 2024 | ₦8.0t | ₦4.1t | ₦217.2b | 10.9x | 36.9x | 2x |
| Sat, 01 Jun 2024 | ₦7.9t | ₦3.8t | ₦235.8b | 8.9x | 33.3x | 2.1x |
| Mon, 29 Apr 2024 | ₦8.7t | ₦4.7t | -₦27,174,593,200.00 | 10.4x | -321.7x | 1.8x |
| Wed, 27 Mar 2024 | ₦9.0t | ₦5.0t | -₦50,047,613,436.00 | 11x | -179.7x | 1.8x |
| Fri, 23 Feb 2024 | ₦8.8t | ₦4.9t | ₦25.8b | 14.6x | 340.9x | 1.8x |
| Sun, 21 Jan 2024 | ₦7.3t | ₦4.7t | ₦67.8b | 15.4x | 108.1x | 1.6x |
| Tue, 19 Dec 2023 | ₦5.9t | ₦4.7t | ₦61.8b | 12.6x | 96.1x | 1.3x |
| Thu, 16 Nov 2023 | ₦6.0t | ₦4.7t | ₦61.8b | 12.1x | 97.8x | 1.3x |
| Sat, 14 Oct 2023 | ₦6.1t | ₦4.4t | ₦116.9b | 15.7x | 51.9x | 1.4x |
| Mon, 11 Sep 2023 | ₦5.8t | ₦4.4t | ₦116.9b | 15.7x | 49.3x | 1.3x |
| Wed, 09 Aug 2023 | ₦4.5t | ₦4.2t | ₦163.2b | 11.8x | 27.6x | 1.1x |
Price to Earnings Ratio
27.6x
Current Industry PE
- Investors are pessimistic on the Nigerian Consumer Staples industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 26.3x which is lower than its 3-year average PE of 57.6x.
- The industry is trading close to its 3-year average PS ratio of 3.5x.
Past Earnings Growth
- The earnings for companies in the Consumer Staples industry have grown 91% per year over the last three years.
- Revenues for these companies have grown 28% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Nigerian Consumer Staples sector?
| NG Market | -0.98% | |
| Consumer Staples | -1.54% | |
| Food and Staples Retail | 0% | 0 |
| Food | -0.046% | |
| Household Products | -0.65% | |
| Beverage | -7.96% | |
Industry PE
- Investors are most optimistic about the Food and Staples Retail industry even though it's trading below its 3-year average PE ratio of 779x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Household Products industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 9.7x.
Forecasted Growth
- Analysts are most optimistic on the Food industry, expecting annual earnings growth of 37% over the next 5 years.
- However this is lower than its past earnings growth rate of 51% per year.
- In contrast, the Beverage industry is expected to see its earnings grow by 14% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| DANGSUGAR Dangote Sugar Refinery | ₦78.70 | 2.9% +₦26.7b | 19.0% | PS1.2x | |
| GUINNESS Guinness Nigeria | ₦376.00 | 3.0% +₦23.7b | 221.2% | PE22.7x | |
| HONYFLOUR Honeywell Flour Mills | ₦18.25 | 4.6% +₦6.3b | -24.0% | PE8.8x | |
| CHAMPION Champion Breweries | ₦11.20 | 0.4% +₦566.2m | -10.5% | PE94.5x | |
| MCNICHOLS McNichols | ₦5.75 | 4.5% +₦279.2m | 64.3% | PE15.1x |