Guinness Nigeria Plc’s sustained financial growth demonstrates the opportunities available to businesses willing to invest in Nigeria, understand its market and execute with a clear long-term strategy, according to its Managing Director and Chief Executive Officer, Girish Sharma.
Speaking during an interview with Channels Television, Sharma highlighted the company’s remarkable business transformation, attributing its progress to stronger sales, improved operational efficiency, disciplined cost management, strategic portfolio development and a renewed focus on sustainable growth.

For the nine months ended 30 September 2026, Guinness Nigeria recorded revenue of ₦403.33 billion, representing a 20.4 per cent increase from ₦335.07 billion in the corresponding period. Profit before tax grew by 55.3 per cent to ₦61.65 billion, while profit after tax increased by 53.1 per cent to ₦40.69 billion. Finance expenses also declined by 61.9 per cent to ₦5.83 billion.

The performance marks a significant turnaround from the seven quarters preceding the ownership transition, when the company recorded average quarterly losses of approximately ₦13 billion. Guinness Nigeria has since returned to sustained profitability, with quarterly profits averaging about ₦12 billion and reaching approximately ₦15 billion in the latest quarter. Sales have also grown by close to 60 per cent since the transition.

Sharma attributed this progress to stronger sales momentum, improved scale, tighter cost management, the restructuring of legacy foreign exchange-denominated debt and better cash generation. He emphasised that sustaining the growth requires continuous investment, operational discipline and the ability to respond effectively to changing market dynamics and consumer needs.

This approach is reflected in the company’s evolving portfolio and commercial strategy, including innovations such as Orijin Beer in PET packaging, which respond to changing consumer preferences and purchasing power while creating opportunities to reach broader consumer segments.

Beyond its financial performance, Sharma reaffirmed Guinness Nigeria’s commitment to Nigeria through local manufacturing, domestic sourcing and investments that support the wider economy.

He disclosed that more than 85 per cent of the materials used in the company’s manufacturing operations are procured locally. This strengthens domestic supply chains, creates opportunities for Nigerian suppliers and farmers, supports local enterprise and reduces exposure to foreign exchange volatility.

He noted that the impact of manufacturing extends well beyond the factory, supporting economic activity across agriculture, transportation, logistics, distribution and retail. He also highlighted the importance of continued improvements in infrastructure, financing, productivity and processing capacity to unlock greater opportunities for local suppliers and manufacturers.

Commenting on Nigeria’s investment outlook, Sharma acknowledged the prevailing economic challenges but emphasised the country’s substantial consumer market, entrepreneurial potential and opportunities for domestic production. He noted that improving macroeconomic indicators, including moderating inflation and the reduction in the Monetary Policy Rate, provide encouraging signals for businesses and investors.

The company’s improved performance has also strengthened shareholder returns, with dividends of approximately ₦16 per share declared within the first three quarters, exceeding its previous high of about ₦10 per share.

Sharma reiterated that Guinness Nigeria remains focused on building on its growth momentum through continued investment in its people, brands, manufacturing capabilities and local value chains.

He noted that the company’s experience demonstrates that with the right strategy, sustained capital commitment and disciplined execution, businesses can navigate market challenges, unlock Nigeria’s growth potential and deliver lasting value to shareholders and the wider economy.

For Guinness Nigeria, the focus remains on building a stronger, more competitive and resilient business that contributes meaning.