Unilever Nigeria Plc has delivered an impressive start to 2026, posting strong Q1 unaudited results that reinforce its growth trajectory and operational resilience under the leadership of Tobi Adeniyi.
The company recorded a 26 percent increase in revenue to N59.17 billion, while operating profit surged by 39 percent to N11.5 billion. Profit after tax also rose by 26 percent to N7.02 billion, reflecting a combination of increased volume, innovation, and strong execution across its markets.
Speaking on the performance, Adeniyi said, “Our Q1 2026 results represent a strong start to the year and a clear signal that the momentum we delivered in 2025 is being sustained. Growth in the quarter was driven primarily by increased volume, underpinned by innovation and strong marketplace execution. This performance reflects our continued operational discipline and commitment to delivering sustainable value.”
He further emphasized that the company’s success is rooted in consistency and deliberate action. “Our Q1 2026 unaudited results show that momentum can be a habit. They reflect deliberate choices we make every day: staying close to consumers, executing consistently in market, and running disciplined operations that prioritise availability, speed and quality.”
Adeniyi noted that the company will remain focused on delivering value while staying ahead of evolving market dynamics. “We will keep our focus on what matters, deliver with excellence, and stay three steps ahead.”
Highlighting the role of people in driving performance, he added, “Behind every result is a team I’m incredibly proud of, showing up with the #Idan spirit every day and executing with intent and purpose.”
The Managing Director reaffirmed the company’s strategic direction, noting that Unilever Nigeria remains anchored on strong brands and a legacy spanning more than a century. “#UnileverNigeria remains steady on its strategy, anchored on strong brands and over a century of heritage. We will keep focusing on what we can control.”
He also reiterated the company’s commitment to strengthening consumer experience and maintaining a competitive edge in the market. “We will continue to elevate the consumer experience while reinforcing a play to win culture where we focus on winning with Nigerians, strengthening the proposition and desirability of our brands, and executing with speed and excellence across all categories.”
Looking ahead, Adeniyi expressed confidence in sustaining the momentum into subsequent quarters. “We keep building. We keep learning. We keep going. On to the next quarter.”
