Nestl Nigeria Plc sustained its recovery momentum through the first nine months of 2025, as revenue rose by 20.70% YoY to NGN861.20bn from NGN713.45bn in 9M:2024. The topline expansion was supported by strong volume growth and strategic price adjustments across both the Food and Beverage categories. Food and Beverages. In 9M:2025 the Food segment saw revenue of NGN578.347bn (up 36% YoY from NGN424.258bn), while the Beverages segment delivered NGN306.189bn (+27% YoY vs NGN241.032bn). 

Nestl Nigeria Plc enters the final quarter of 2025 on solid footing, supported by improved margins, strong cash flows, and reduced debt exposure. The stabilization of the FX market and easing inflation pressures should help sustain profit growth in Q4. The company s continued focus on local raw material sourcing, efficient cost management, and capacity optimization will further enhance resilience against macroeconomic volatility. With these structural improvements, Nestl Nigeria is positioned for sustained profitability in 2026, maintaining its leadership within Nigeria s consumer goods sector. We hence place an Overweight rating on Nestl Nigeria Plc as the organization continues to scale through previous issues and is expected to outperform previous performances

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