Cadbury Nigeria Plc reported N16.56 billion, a 30% increase over N12.78 billion for the same period in 2022, while Unilever Nigeria reported N24.60 billion in revenue for the first quarter.
Unilever Nigeria Plc and Cadbury Nigeria Plc, two fast-moving consumer goods producers, both claimed N41 billion in revenue in their unaudited financial statements for the first quarter that ended March 31, 2023.
According to business segments, Cadbury’s refreshment beverages, which consist of two products, generated the highest revenue for the quarter of N11.64 billion, followed by confectionery with N3.92 billion, biscuits with N606 million, and its intermediate cocoa products with N393 million.
