Unilever grows profit by 65% in Q1 2025, delivers 45% revenue growth

By : Godwin Ofulue

Date: 30 April 2025 9:18pm WAT

A picture taken on June 5, 2015 shows the logo of Unilever at the headquarters in Rotterdam. - Consumer goods giant Unilever said November 30 that it has become a wholly British company, completing a historic merger of its Dutch and British corporate entities to end its double-headed structure. (Photo by JOHN THYS / AFP)

Unilever Nigeria Plc has released its unaudited financial statement for the three months period ended 31st March 2025.

The company recorded Turnover of N46.9bn in the period under review which represents 45% topline growth compared to N32.3bn Turnover recorded in the corresponding period in 2024.

The company recorded a gross profit of N18.8 billion for the period ended March 31, 2025, which is 40 per cent increase against N13.5 billion reported for the same period in 2024.

The result for the total business shows a net profit of N5.6 billion for the period ended March 31, 2025 compared to a net profit for the corresponding period in 2024 of N3.4 billion which is 65 per cent improvement in current period versus 2024.

Speaking on the results, the Managing Director, Tobi Adeniyi, said: “We are pleased to have commenced the year with strong momentum across all critical dimensions of the business. The promising start reflects the dedication, agility and pioneering mindset of our teams, and this positions us optimally to sustain our growth trajectory in the dynamic environment we operate in. Our strategy remains anchored on three pillars; driving focus on our core portfolio and geographies, excelling with our unmissably superior brands, and accelerating productivity on our bottom line.”

“With Q1 performance reflecting robust growth, we are optimistic that with a consistent level of discipline across the business and putting our consumers first in all we do, we expect to see consistent and sustained performance through the year and continue to brighten everyday life for Nigerians,” he said.

According to Adeniyi, the story of Unilever Nigeria is that of commitment to continuous investments in Nigeria.

“As the longest serving manufacturing company in Nigeria at over a hundred years, Unilever is here to stay and to serve citizens through its locally produced brands and operations.

“Unilever is one of the world’s leading suppliers of nutrition, oral care, beauty & wellbeing, and personal care products, with sales in over 190 countries and products used by 3.4 billion people every day,” he said.