For the business year ended December 31, 2024, Unilever, a fast-moving consumer goods company grew its profit by 79 percent toN15.1 billion from N8.4 billion recorded in the previous year.
Despite the impact of FX volatility, worsening power supply, and supply chain disruptions on its business operations, the company grew its operating profit for the period.
The consumer goods company also grew its revenue growth of 44 percent to N149.5 billion from N103.9 billion in 2023, while it recorded a gross profit of N55.1 billion from N34.5 in the same period.
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Speaking on the financials, Tobi Adeniyi, managing director at Unilever, said the consumer goods company is pleased with its stellar performance in 2024, which he noted is built on the back of the business strategy and pioneering spirit of its employees who continue to deliver with excellence.
“Our focus has remained on serving our consumers with our unmissably superior brands whilst continually investing behind the brands and investing ahead of growth as we continue to create demand,” he said,
“We are pleased with our year-on-year growth trajectory which rides on the pillars of operational efficiency, cost optimisation, purposeful brands and increasing market share across key categories,” he explained.
“We remain committed to continually building sustainable relationships with our partners across the value chain and growing our business to enhance our socioeconomic impact across the country,” he added.
