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Nigerian (NSE) Consumer Staples Sector Analysis

UpdatedJun 17, 2026
DataAggregated Company Financials
Companies25
  • 7D-0.5%
  • 3M10.8%
  • 1Y91.7%
  • YTD22.4%

Last week, the Consumer Staples industry hasn't moved much but Dangote Sugar Refinery is up 7.4% in that time. As for the the longer term, the industry is up 92% over the past 12 months. As for the next few years, earnings are expected to grow by 30% per annum.

Sector Valuation and Performance

Has the Nigerian Consumer Staples Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 17 Jun 2026₦32.6t₦8.7t₦1.1t24.5x28.6x3.8x
Fri, 15 May 2026₦34.5t₦8.6t₦1.1t27.9x30.5x4x
Sun, 12 Apr 2026₦26.8t₦7.3t₦968.0b21.9x27.7x3.7x
Tue, 10 Mar 2026₦27.2t₦7.1t₦920.0b25.8x29.6x3.9x
Thu, 05 Feb 2026₦25.6t₦7.0t₦972.2b19.7x26.4x3.6x
Sat, 03 Jan 2026₦24.6t₦7.0t₦930.2b21.6x26.5x3.5x
Mon, 01 Dec 2025₦21.4t₦7.0t₦930.2b19.4x23.1x3x
Wed, 29 Oct 2025₦22.2t₦6.9t₦805.8b16.5x27.5x3.2x
Fri, 26 Sep 2025₦20.8t₦6.3t₦669.3b16.7x31.1x3.3x
Sun, 24 Aug 2025₦20.0t₦6.3t₦668.9b18.6x29.9x3.2x
Tue, 22 Jul 2025₦17.2t₦6.2t₦338.4b15.4x50.7x2.8x
Thu, 19 Jun 2025₦15.5t₦6.2t₦338.4b13.3x45.7x2.5x
Sat, 17 May 2025₦13.7t₦6.1t₦333.8b13.6x41.1x2.2x
Mon, 14 Apr 2025₦11.7t₦5.2t-₦32,417,018,773.0013x-362.1x2.3x
Wed, 12 Mar 2025₦11.8t₦4.9t-₦20,522,744,704.0012.6x-575x2.4x
Fri, 07 Feb 2025₦10.2t₦3.2t₦312.7b9.6x32.5x3.2x
Sun, 05 Jan 2025₦10.2t₦5.8t₦217.1b11.8x47x1.8x
Tue, 03 Dec 2024₦9.3t₦5.8t₦217.1b9.2x42.9x1.6x
Thu, 31 Oct 2024₦75.9t₦5.0t₦151.7b10.3x500.1x15.1x
Sat, 28 Sep 2024₦76.0t₦5.0t₦143.6b11.2x529.7x15.3x
Mon, 26 Aug 2024₦80.5t₦5.0t₦144.7b9.3x556.4x16.2x
Wed, 24 Jul 2024₦8.1t₦4.1t₦205.8b9.5x39.1x2x
Fri, 21 Jun 2024₦8.0t₦4.1t₦217.2b13.7x36.7x1.9x
Sun, 19 May 2024₦8.0t₦4.1t₦163.2b8.9x48.7x2x
Tue, 16 Apr 2024₦8.9t₦5.0t-₦43,920,032,553.0011.4x-203.7x1.8x
Thu, 14 Mar 2024₦9.0t₦5.0t-₦50,047,613,436.0011x-180x1.8x
Sat, 10 Feb 2024₦7.9t₦4.9t₦73.3b16.2x108.1x1.6x
Mon, 08 Jan 2024₦6.1t₦4.7t₦61.8b13.4x98.4x1.3x
Wed, 06 Dec 2023₦5.9t₦4.7t₦61.8b12.6x95.8x1.3x
Fri, 03 Nov 2023₦6.0t₦4.7t₦98.6b11.8x61x1.3x
Sun, 01 Oct 2023₦6.0t₦4.4t₦116.9b15.5x51.1x1.4x
Tue, 29 Aug 2023₦5.4t₦4.2t₦111.0b15.2x48.7x1.3x
Thu, 27 Jul 2023₦5.4t₦4.6t₦255.4b14.1x21.3x1.2x
Sat, 24 Jun 2023₦5.4t₦4.6t₦253.4b12.8x21.2x1.2x
Price to Earnings Ratio

21.2x


Total Market Cap: ₦5.4tTotal Earnings: ₦253.4bTotal Revenue: ₦4.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Consumer Staples Sector Price to Earnings3Y Average 57.4x202420252026
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 28.6x which is lower than its 3-year average PE of 57.4x.
  • The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 3.8x.
Past Earnings Growth
  • The earnings for companies in the Consumer Staples industry have grown 65% per year over the last three years.
  • Revenues for these companies have grown 24% 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-1.26%
Consumer Staples-0.46%
Food0.24%
Food and Staples Retail0%0
Household Products-0.19%
Beverage-3.83%
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 814x.
    • 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 9.5x.
Forecasted Growth
  • Analysts are most optimistic on the Food industry, expecting annual earnings growth of 35% over the next 5 years.
  • However this is lower than its past earnings growth rate of 60% per year.
  • In contrast, the Household Products industry is expected to see its earnings grow by 19% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
DANGSUGAR Dangote Sugar Refinery₦75.051.9%
+₦17.0b		87.6%PS1.1x
CHAMPION Champion Breweries₦13.200.8%
+₦1.1b		75.1%PE101.7x
ZICHIS Zichis Agro Allied Industries₦31.001.1%
+₦420.0m		n/an/a
MCNICHOLS McNichols₦7.501.4%
+₦111.7m		221.9%PE19.7x

Latest News

ZICHIS
₦31.00
Zichis Agro Allied Industries
7D
1.1%
1Y
n/a
Narrative Update • Jun 10

Zichis Agro Allied Industries Plc – ₦2 Billion Strategic Capital Injection to Accelerate Growth and Expansion

Overview Author: Qudus Adebara (Research Analyst, DLM Capital Group) Zichis Agro Allied Industries Plc (“Zichis” or “the Company”) has announced a ₦2 billion strategic non-equity capital injection from its core promoters, Chilla Entertainment Limited and Winners Investment & Trust Limited , as part of its long-term roadmap to become a leading integrated agro-industrial company in Nigeria. The funding represents a significant vote of confidence by the promoters in the Company’s growth strategy and will support the execution of its ambitious expansion programme across poultry farming, feed production, oil palm cultivation, and agro-processing.
UACN
₦185.00
UAC of Nigeria
7D
-2.0%
1Y
436.2%
FTNCOCOA
₦8.50
FTN Cocoa Processors
7D
-10.1%
1Y
223.2%
Narrative Update • Jun 07

FTN Cocoa Processors Plc Reports Return to Operating Profit in FY 2025 Driven by Strong Revenue Growth and FX Gains Despite High Financing C

FTN Cocoa Processors Plc Reports Return to Operating Profit in FY 2025 Driven by Strong Revenue Growth and FX Gains Despite High Financing Costs and Weak Equity Position Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Securities) FTN Cocoa Processors Plc delivered a mixed but improved financial performance for the year ended 31 December 2025, recovering from prior-year operating losses due to strong revenue growth and significant foreign exchange gains. Revenue surged to ₦5.65 billion (+310% YoY), driven by higher export sales of cocoa butter and improved production volumes.
HONYFLOUR
₦17.55
Honeywell Flour Mills
7D
-2.2%
1Y
-16.4%
New Narrative • Jun 03

Honeywell Flour Mills Plc Reports Strong FY 2026 Earnings Growth Amid Margin Expansion and Balance Sheet Strengthening Despite Revenue Decli

Honeywell Flour Mills Plc Reports Strong FY 2026 Earnings Growth Amid Margin Expansion and Balance Sheet Strengthening Despite Revenue Decline Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Securities) Honeywell Flour Mills Plc delivered a resilient performance for the financial year ended 31 March 2026, recording improved profitability despite a modest decline in revenue. Profit After Tax (PAT) increased by 13% YoY to ₦16.49 billion, supported by improved gross margins, lower finance costs, reduced administrative expenses, and stronger interest income from related-party loans.
MCNICHOLS
₦7.50
McNichols
7D
1.4%
1Y
221.9%
NB
₦80.00
Nigerian Breweries
7D
-1.8%
1Y
37.9%
Narrative Update • May 25

Nigerian Breweries Plc Delivers Strong Q1 2026 Earnings Growth Driven by Revenue Expansion, Pricing Power and Cost Efficiency Gains

Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Securities) Nigerian Breweries Plc delivered a strong performance for the three months ended 31 March 2026, supported by sustained revenue growth, improved pricing dynamics, and stronger operating leverage despite elevated input costs and continued macroeconomic pressure. Net revenue increased by 8% YoY to ₦413.0 billion, driven by higher volumes and price adjustments across key beer and beverage segments.
CHAMPION
₦13.20
Champion Breweries
7D
0.8%
1Y
75.1%
Narrative Update • May 21

Champion Breweries Plc – Expansion Strategy and Transition into Group Structure

Transaction Overview Analyst: Qudus Adebara(Research Analyst, DLM securities) Champion Breweries Plc (“Champion Breweries” or “the Company”) has announced significant progress in its corporate expansion and diversification strategy through the integration of a newly acquired subsidiary and continued execution of strategic growth initiatives. The Company disclosed that it has advanced its transition into a group structure following the acquisition of an 80% equity stake in enJOYbev B.V. , a move designed to support its international expansion ambitions and broaden its operational footprint beyond Nigeria.
OKOMUOIL
₦1,418.00
Okomu Oil Palm
7D
-10.0%
1Y
118.2%
UNILEVER
₦140.00
Unilever Nigeria
7D
-0.3%
1Y
204.0%
DANGSUGAR
₦75.05
Dangote Sugar Refinery
7D
1.9%
1Y
87.6%
ELLAHLAKES
₦8.65
Ellah Lakes
7D
-12.2%
1Y
88.0%
Narrative Update • May 07

Ellah Lakes Plc – Transition to Execution Phase & Palm Oil Value Chain Expansion

Author: Qudus Adebara Scaling Production, Deepening Processing & Unlocking Agribusiness Value Strategic Update Overview Ellah Lakes Plc has announced its transition into an execution-driven phase , signalling a shift from investment and development to large-scale production, processing, and value chain integration. The update was delivered at the company’s 2026 Annual General Meeting (AGM) in Lagos, where management emphasized that prior investments are now beginning to translate into measurable operational outcomes and value creation.
INTBREW
₦11.40
International Breweries
7D
-8.4%
1Y
8.6%
Narrative Update • May 07

International Breweries Plc Delivers Strong FY 2025 Earnings Turnaround Driven by Revenue Growth, Margin Expansion, and Balance Sheet Streng

Analyst: Qudus Adebara Executive Summary International Breweries Plc recorded a significant financial turnaround for the year ended December 31, 2025, driven by strong revenue growth, improved gross margins, lower finance costs, and disciplined cost management. Group revenue increased by 26.8% YoY to ₦620.15 billion , supported by improved pricing, stronger market penetration, and volume growth.