Unilever Nigeria reports 18% revenue surge to ₦184bn in Q3 2026

Unilever Nigeria Plc has reported revenue of N184 billion for the nine months ended September 30, 2026, an 18 per cent increase from the N155.4 billion recorded in the corresponding period of 2025.

Gross profit rose 34 per cent to N85.5 billion from N63.9 billion, lifting the gross margin to 46.4 per cent from 41.2 per cent. Operating profit increased 27 per cent to N38.5 billion, while net profit grew 20 per cent to N26.4 billion, compared with N21.9 billion in the prior-year period.The company’s Board has approved an interim dividend of N2.00k per ordinary share, subject to applicable withholding tax.

The dividend is payable to shareholders on the Register of Members as at the close of business on 30 October 2026. The total interim dividend amounts to N11.5 billion.The company attributed the continued growth in revenue and profitability to strong brand fundamentals, disciplined operations and effective route-to-market execution.

Commenting on the results, Managing Director Tobi Adeniyi said the performance in the first nine months of 2026 reflects the underlying strength and resilience of the business. He noted that while consumer demand came under increased pressure in the third quarter as household disposable incomes remained constrained, management stayed focused on delivering value, strengthening availability, executing relevant innovation and maintaining disciplined execution.

“This focus delivered consistent revenue growth, a 34 per cent increase in gross profit and 20 per cent growth in net profit,” Adeniyi said. “We continue to build a more balanced portfolio through sharper choices, accessible innovation and targeted brand investment that strengthen consumer preference and support sustainable, profitable growth.”He added that the company remains confident in the long-term potential of Nigeria and is committed to investing responsibly in its brands, operations and people.

“Despite tough conditions in consumer demand, we stayed focused on driving relevance with our power brands, expanding our R-T-M reach, and maintaining a disciplined cost and cash structure. We remain committed to building a stronger business and creating lasting value for our stakeholders.”

ALSO READ: OLURANTI OLOWOOKERE APPOINTED NEW HEAD OF HR AT TGI DISTRI

Adeniyi said the company’s priority is to build on these strong fundamentals, strengthen performance across the portfolio and create enduring value for consumers, customers, shareholders and its wider stakeholder community.