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Nigerian (NSE) Consumer Staples Sector Analysis

UpdatedSep 16, 2026
DataAggregated Company Financials
Companies24
  • 7D-1.0%
  • 3M-14.1%
  • 1Y24.7%
  • YTD4.6%

Over the last 7 days, the Consumer Staples industry has dropped 1.0%, driven by Nigerian Breweries declining 11%. In contrast, International Breweries has gained 6.4%. In the past year, the industry has gained 25%. As for the next few years, earnings are expected to grow by 25% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 17 Sep 2026₦27.9t₦8.8t₦1.2t21.5x23.5x3.2x
Sat, 15 Aug 2026₦27.7t₦8.8t₦1.2t20.9x23.3x3.1x
Mon, 13 Jul 2026₦32.3t₦8.7t₦1.1t22.2x28.1x3.7x
Wed, 10 Jun 2026₦33.0t₦8.7t₦1.1t24.5x29x3.8x
Fri, 08 May 2026₦31.3t₦7.4t₦993.1b25.4x31.5x4.2x
Sun, 05 Apr 2026₦26.7t₦7.3t₦956.3b21.9x28x3.7x
Tue, 03 Mar 2026₦27.2t₦7.0t₦962.7b27.1x28.2x3.9x
Thu, 29 Jan 2026₦25.1t₦7.1t₦947.5b26.8x26.5x3.6x
Sat, 27 Dec 2025₦23.7t₦7.0t₦930.1b21.5x25.5x3.4x
Mon, 24 Nov 2025₦21.5t₦7.0t₦930.2b19.3x23.2x3.1x
Wed, 22 Oct 2025₦21.6t₦6.3t₦674.0b16.9x32x3.4x
Fri, 19 Sep 2025₦20.7t₦6.3t₦669.3b16.7x30.9x3.3x
Sun, 17 Aug 2025₦19.8t₦6.3t₦668.9b18.6x29.6x3.2x
Tue, 15 Jul 2025₦16.9t₦6.2t₦338.4b15.5x49.8x2.7x
Thu, 12 Jun 2025₦15.1t₦6.2t₦338.4b13.8x44.5x2.4x
Sat, 10 May 2025₦13.4t₦6.1t₦333.8b13.3x40.2x2.2x
Mon, 07 Apr 2025₦11.7t₦5.0t₦6.0b12.3x1944.2x2.3x
Wed, 05 Mar 2025₦11.4t₦4.2t₦167.7b12.4x67.9x2.7x
Fri, 31 Jan 2025₦10.0t₦2.8t₦189.2b10.3x52.8x3.6x
Sun, 29 Dec 2024₦9.7t₦5.8t₦217.1b10.2x44.7x1.7x
Tue, 26 Nov 2024₦9.3t₦5.8t₦216.9b9.7x42.9x1.6x
Thu, 24 Oct 2024₦81.4t₦5.0t₦147.3b13.1x552.8x16.3x
Sat, 21 Sep 2024₦82.6t₦5.0t₦143.6b9.9x575.4x16.6x
Mon, 19 Aug 2024₦8.3t₦5.0t₦144.7b9.2x57.3x1.7x
Wed, 17 Jul 2024₦8.0t₦4.1t₦205.8b9.5x39.1x2x
Fri, 14 Jun 2024₦7.9t₦4.1t₦217.2b12.9x36.4x1.9x
Sun, 12 May 2024₦8.0t₦4.1t₦163.2b8.8x48.9x2x
Tue, 09 Apr 2024₦9.0t₦5.0t-₦45,031,415,553.0011.4x-200.6x1.8x
Thu, 07 Mar 2024₦8.9t₦5.0t-₦50,180,418,436.0011x-176.5x1.8x
Sat, 03 Feb 2024₦8.0t₦5.0t₦50.3b17.9x160x1.6x
Mon, 01 Jan 2024₦5.9t₦4.7t₦61.8b13x94.6x1.2x
Wed, 29 Nov 2023₦6.0t₦4.7t₦61.8b12.6x96.5x1.3x
Fri, 27 Oct 2023₦6.0t₦4.4t₦118.1b15.4x51x1.4x
Sun, 24 Sep 2023₦5.9t₦4.4t₦116.9b15.5x50.3x1.3x
Price to Earnings Ratio

50.3x


Total Market Cap: ₦5.9tTotal Earnings: ₦116.9bTotal Revenue: ₦4.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Consumer Staples Sector Price to Earnings3Y Average 56.9x202420252026
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 23.5x which is lower than its 3-year average PE of 57.0x.
  • The 3-year average PS ratio of 3.6x is higher than the industry's current PS ratio of 3.2x.
Past Earnings Growth
  • The earnings for companies in the Consumer Staples industry have grown 116% per year over the last three years.
  • Revenues for these companies have grown 26% 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-0.91%
Consumer Staples-1.03%
Food and Staples Retail0%0
Food-0.41%
Beverage-3.21%
Household Products-3.30%
Industry PE
  • Investors are most optimistic about the Beverage industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 30.5%, which is lower than the prior year's growth of 69.2% per year.
  • 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 9.9x.
Forecasted Growth
  • Analysts are most optimistic on the Beverage industry, expecting annual earnings growth of 31% over the next 5 years.
  • However this is lower than its past earnings growth rate of 69% per year.
  • In contrast, the Household Products 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?

CompanyLast Price7D1YValuation
INTBREW International Breweries₦10.957.4%
+₦126.2b		-11.0%PE38.4x
NB Nigerian Breweries₦76.903.9%
+₦89.9b		9.5%PE23x
NESTLE Nestlé Nigeria₦2.90k3.6%
+₦79.3b		55.1%PE19.3x
DANGSUGAR Dangote Sugar Refinery₦70.453.5%
+₦29.2b		17.4%PE498.9x
LIVESTOCK Livestock Feeds₦7.5511.0%
+₦2.2b		-4.4%PS0.7x

Latest News

NASCON
₦160.00
Nascon Allied Industries
7D
-1.8%
1Y
66.7%
Narrative Update • Sep 10

Delivers (Unaudited) Strong H1 2026 Earnings Growth Driven by Finance Income and Improved Operating Efficiency

Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Capital Group) Nascon Allied Industries Plc reported a solid financial performance for the six months ended June 30, 2026, driven by resilient revenue growth, improved operating profitability, stronger foreign exchange gains, and a significant increase in finance income from short-term fixed deposits. Revenue grew modestly by 4% year-on-year (YoY) to ₦81.16 billion, while Profit Before Tax (PBT) rose by 28% YoY to ₦29.70 billion.
HONYFLOUR
₦16.00
Honeywell Flour Mills
7D
-4.8%
1Y
-27.6%
Narrative Update • Sep 10

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.
PZ
₦75.10
PZ Cussons Nigeria
7D
-9.5%
1Y
115.5%
FTNCOCOA
₦7.36
FTN Cocoa Processors
7D
-3.8%
1Y
22.3%
Narrative Update • Sep 08

FTN Cocoa Processors Plc Returns to Profitability in Q1 2026 Driven by FX Gains and Revenue Recovery Despite Cost Pressures

Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Securities) FTN Cocoa Processors Plc recorded a strong turnaround performance for the quarter ended March 31, 2026, reversing losses from the prior year on the back of significant foreign exchange gains and improved revenue. Revenue grew sharply by 90% YoY to ₦1.09 billion, while Profit Before Tax (PBT) stood at ₦954.4 million compared to a loss of ₦575.6 million in Q1 2025.
NB
₦76.90
Nigerian Breweries
7D
3.9%
1Y
9.5%
MCNICHOLS
₦5.20
McNichols
7D
15.6%
1Y
46.5%
INTBREW
₦10.95
International Breweries
7D
7.4%
1Y
-11.0%
DANGSUGAR
₦70.45
Dangote Sugar Refinery
7D
3.5%
1Y
17.4%
UNILEVER
₦109.95
Unilever Nigeria
7D
-0.1%
1Y
50.6%
NESTLE
₦2,900.00
Nestlé Nigeria
7D
3.6%
1Y
55.1%
ELLAHLAKES
₦8.30
Ellah Lakes
7D
-15.7%
1Y
-38.1%
LIVESTOCK
₦7.55
Livestock Feeds
7D
11.0%
1Y
-4.4%
Narrative Update • Aug 03

Livestock Feeds Plc Delivers Strong Earnings Recovery in Q1 2026 Driven by Cost Efficiency and Lower Finance Charges

Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Capital Group) Livestock Feeds Plc recorded a strong turnaround in performance for the period ended March 31, 2026, as profitability improved significantly despite a decline in revenue. The company benefited from sharp reductions in finance costs, improved gross margins, and tighter cost controls across operating lines.
ZICHIS
₦15.10
Zichis Agro Allied Industries
7D
-1.9%
1Y
n/a
Narrative Update • Jul 29

Reports (Unaudited) Exceptional H1 2026 Growth Driven by Expansion Across Poultry, Feed Mill, Palm Oil and Aquaculture Operations

Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Securities) Zichis Agro Allied Industries Plc delivered a remarkable financial performance for the six months ended June 30, 2026, reflecting the successful scaling of its integrated agribusiness operations across poultry, feed milling, palm oil processing, and aquaculture. Revenue surged by 285.4% YoY to ₦910.47 million , while profit before tax increased by 448.6% YoY to ₦478.71 million.
CHAMPION
₦10.95
Champion Breweries
7D
-1.4%
1Y
-32.7%
Narrative Update • Jul 28

Reports (Unaudited) Strong Revenue Growth in H1 2026 Following Business Combination Despite Higher Finance Costs

Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Securities) Champion Breweries Plc delivered a significantly improved operating performance for the six months ended June 30, 2026, driven by strong revenue growth, enhanced production scale, and the impact of its recent business combination. Group revenue surged by 124% YoY to ₦35.73 billion from ₦15.93 billion in H1 2025, while operating profit rose by 60% to ₦6.17 billion.