Guinness Nigeria has reported a profit after tax of N10.39 billion for the start of the 2026 financial year, representing a 48 percent increase from the previous year.
The company also recorded revenue of N122.77 billion and announced an interim dividend of N2.00 per share.
Managing Director and Chief Executive Officer Girish Sharma attributed the performance to operational efficiency, localised decision-making and market expansion.
Speaking in an interview with CNBC Africa, Sharma said the company had become more efficient by moving decision-making closer to its Nigerian operations.
“We grew distribution, we’ve become far more efficient today, and we were able to make our people more agile because we brought decision-making down to Nigeria,” he said.
He added that Guinness Nigeria carried out a business reset over the past year, focusing on culture, operational performance, consumer needs and financial growth.
“From a strategy perspective, I spent the first 100 days drawing the blueprint,” Sharma said.
According to him, the company also focused on introducing products that respond to changing consumer demand and spending patterns.
He cited the launch of Orijin Beer in PET format as part of efforts to provide options that fit current market realities.
Sharma said the company sees growth opportunities in ready-to-drink beverages, spirits, beer and malt drinks over the next few years.
The company also reported lower finance costs during the period, which it said reflected tighter cost management and improved use of capital.
Guinness Nigeria stated that its strategy going forward would focus on improving operations, responding to consumer trends and sustaining long-term growth.
