Unilever Nigeria Plc has reported a gross profit of N55.7 billion in the twelve months ended December 31, 2024, Investors King reports.
This represents a 75% increase from the N31.9 billion recorded in the same period in 2023.
The company’s unaudited interim report also revealed a turnover of N149.8 billion, a 44% growth when compared to N103.9 billion recorded in the corresponding period of the previous year.
Unilever Nigeria also grew net profit by 88% from N8.4 billion in 2023 to N15.9 billion.
Speaking on the performance, Managing Director Tobi Adeniyi attributed the growth to the company’s strategic focus on efficiency and meeting consumer needs.
“Our year-on-year sustained growth trajectory is a testament to our commitment of serving consumers with our best brands to meet their daily needs of improved health and hygiene,” Adeniyi said.
The Managing Director also highlighted operational efficiency, cost optimization, purposeful brands, and increasing market share across key categories as key to the strong performance recorded in the period under review.
“While we are pleased with our performance progress riding on the pillars of operational efficiency, cost optimization, purposeful brands and increasing market share across key categories, we are committed to growing our business to enhance our socioeconomic impact in the country,” Adeniyi added.
Unilever Nigeria’s focus on purposeful brands and innovative solutions has positioned it as a key player in the fast-moving consumer goods sector.
The company’s ability to optimize costs while driving market share has contributed to its sustained growth despite broader economic challenges.
With its focus on health, hygiene, and operational excellence, Unilever Nigeria is well-positioned to sustain its growth trajectory in the years ahead.
