Foods power Unilever Nigeria’s profit growth as Personal Care sales slide
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Nairametrics
Reported by Idika Aja
Mon, 2 Nov 2026, 13:08
Photo courtesy of Nairametrics · Verified via News Stand NG
Source Attribution: Nairametrics
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Foods revenue increased 29.8% to N123.12 billion, contributing N28.23 billion of the company’s N28.60 billion increase in total sales; almost every additional naira of revenue came from Foods. Unilever Nigeria has released its 9M unaudited financial statements, with its food business accounting for almost all its revenue growth in the first nine months of 2026, helping lift earnings despite weaker Personal Care sales.
Context & Background
✦The performance helped Unilever grow pre-tax profit by 21.8% to N45.58 billion.
Key Figures & Named Entities
2026:Unilever Nigeria has released its 9M unaudited financial statements, with its food business accounting for almost all its revenue growth in the first nine months of 2026, helping lift earnings despite weaker Personal Care sales.29.8%:Foods revenue increased 29.8% to N123.12 billion, contributing N28.23 billion of the company’s N28.60 billion increase in total sales; almost every additional naira of revenue came from Foods.21.8%:The performance helped Unilever grow pre-tax profit by 21.8% to N45.58 billion.
Outlook & Next Steps
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Key Takeaways
Verified Extract
✦Foods revenue increased 29.8% to N123.12 billion, contributing N28.23 billion of the company’s N28.60 billion increase in total sales; almost every additional naira of revenue came from Foods.
✦Unilever Nigeria has released its 9M unaudited financial statements, with its food business accounting for almost all its revenue growth in the first nine months of 2026, helping lift earnings despite weaker Personal Care sales.
✦The performance helped Unilever grow pre-tax profit by 21.8% to N45.58 billion.
Key Facts:2026: Unilever Nigeria has released its 9M unaudited financial statements, with its food business accounting for almost all its revenue growth in the first nine months of 2026, helping lift earnings despite weaker Personal Care sales.29.8%: Foods revenue increased 29.8% to N123.12 billion, contributing N28.23 billion of the company’s N28.60 billion increase in total sales; almost every additional naira of revenue came from Foods.21.8%: The performance helped Unilever grow pre-tax profit by 21.8% to N45.58 billion.78.4%: United Nigeria Airlines raises N22 billion in debut CP issuance, exceeds targetAccess Holdings posts N667.4 billion nine-month pre-tax profit as Q3 earnings rebound 78.4%Nigerian stocks near 255,000 resistance as market signals overbought risk For shareholders, the question is whether Foods can sustain that momentum while management restores growth elsewhere.
Editorial Excerpt
Unilever Nigeria has released its 9M unaudited financial statements, with its food business accounting for almost all its revenue growth in the first nine months of 2026, helping lift earnings despite weaker Personal Care sales.
Frequently Asked Questions About This Story
What is the latest development regarding Naira & Foreign Exchange Policy?
Foods revenue increased 29.8% to N123.12 billion, contributing N28.23 billion of the company’s N28.60 billion increase in total sales; almost every additional naira of revenue came from Foods.
Who are the key organizations or public figures mentioned?
The primary parties identified in this coverage include Naira & Foreign Exchange Policy.
What timeline or key figures were confirmed?
Unilever Nigeria has released its 9M unaudited financial statements, with its food business accounting for almost all its revenue growth in the first nine months of 2026, helping lift earnings despite weaker Personal Care sales.