Unilever Nigeria Plc grew its revenue by 18 per cent to N184 billion in the first nine months of 2026, while net profit advanced 20 per cent to N26.4 billion, reflecting improved profitability despite mounting pressure on consumer spending.

However, according to the company’s unaudited results for the period ended September 30, 2026, gross profit rose 34 per cent to N85.5 billion from N63.9 billion in the corresponding period of 2025. Consequently, gross margin improved to 46.4 per cent from 41.2 per cent, indicating stronger returns from sales.

Meanwhile, operating profit increased 27 per cent to N38.5 billion, while net profit climbed from N21.9 billion recorded a year earlier to N26.4 billion. Alongside the results, the company’s board approved an interim dividend of N2.00 per ordinary share, subject to applicable withholding tax.

ALSO WATCH:MARKETING EDGE ONTV HOSTS AYODEJI TOBUN

Moreso, the payment will go to shareholders whose names appear on the register of members at the close of business on October 30, 2026, with the total payout amounting to N1.5 billion. Subsequently, commenting on the performance, Tobi Adeniyi, Managing Director of Unilever Nigeria Plc, said the results reflected the resilience of the company’s business fundamentals despite a challenging operating environment.

Read also

So, although consumer demand weakened during the third quarter as households grappled with constrained disposable incomes, Adeniyi said management continued to prioritise brand relevance, product availability, accessible innovation and cost discipline.

ALSO WATCH: MARKETING EDGE ONTV COVERAGE ON OMNICOM AFRICAN CONFERENCE

Again, he attributed the company’s performance to focused brand investment, effective route-to-market execution and tighter operational management, which helped sustain revenue growth and improve profitability. Furthermore, Adeniyi said Unilever Nigeria was working to create a more balanced product portfolio through targeted investment and innovations designed to strengthen consumer preference while supporting profitable growth.

Looking beyond the nine-month results, he reaffirmed the company’s confidence in Nigeria’s long-term potential, adding that Unilever would continue investing responsibly in its brands, operations and workforce. The company said its priorities include strengthening performance across its portfolio, improving market reach and delivering lasting value to consumers, customers, shareholders and other stakeholders.

ALSO WATCH:MARKETING EDGE ONTV HOSTS GEORGE ISITUA-ONUKWU