Nestle Nigeria Plc
NNSENG:NESTLE2,750.00
NGN
0.00
(0.00%)
Nestle Nigeria Plc
NSENG:NESTLE
(Nigerian Stock Exchange)
Recent
price
2,750.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Nestle Nigeria Plc is a consumer goods manufacturing and marketing company that produces, packages, and distributes a comprehensive portfolio of food and beverage products across Nigeria and the wider West African region. Founded in 1961 and headquartered in Lagos, Nigeria, the company operates as a subsidiary of Swiss multinational nutrition, health, and wellness group Nestlé S.A., with its equity securities publicly listed on the Nigerian Exchange under the ticker NESTLE. The company operates primarily through two commercial reporting segments: Food and Beverages. Its Food segment manufactures and markets culinary seasoning solutions under the Maggi brand, including Maggi Bouillon cubes, Maggi Chicken, Maggi Signature blends, and Maggi Liquid Seasoning; infant and growing-up nutritional cereals and formulas under the Cerelac, NAN, SMA, and Lactogen brands; family grain breakfast cereals under the Golden Morn brand; and fortified dairy-and-plant powder blends under the NIDO brand. Its Beverage segment produces and markets chocolate malt food drinks under the Milo and Milo Ready-To-Drink brands; soluble coffees and instant specialty coffee mixes under the Nescafé Classic, Nescafé Gold, and Nescafé 3-in-1 brands; and purified and natural drinking water under the Nestlé Pure Life brand. Additionally, the company operates Nestlé Professional, a specialized business-to-business unit providing commercial food and beverage dispensing systems, bulk ingredients, and tailored culinary supplies to hotels, restaurants, caterers, schools, and institutional buyers. Nestle Nigeria operates three major manufacturing and technical training facilities across the country, comprising the Agbara Industrial Complex in Ogun State for malt drinks, infant cereals, and water processing; the Flowergate Factory in Sagamu, Ogun State, dedicated primarily to Maggi culinary production; and the Abaji Factory in Abuja, Federal Capital Territory, supporting water bottling and regional supply logistics. In recent corporate developments, Nestle Nigeria has advanced substantial operational, capacity, and portfolio initiatives to enhance local raw material sourcing and strengthen supply chain resilience. The company accelerated product innovation with the commercial rollout of Golden Morn 3in1, an instant whole-grain cereal incorporating maize, soya, and milk; the launch of NIDO Milk and Soya Instant Powder Mix, utilizing 100 percent locally sourced soybeans to combat micronutrient deficiencies; and the introduction of lightweight 33cl Nestlé Pure Life on-the-go bottles engineered with recycled PET (rPET) materials and clear recyclable closures. Operationally, the company expanded its route-to-market and retail footprint into 73 new towns, adding more than 14,000 retail points of sale across Nigeria. To mitigate foreign currency volatility and strengthen its balance sheet, the company executed aggressive capital-management measures, including early repayments of intercompany foreign currency obligations. Furthermore, Nestle Nigeria scaled capital investments to five-year highs to fund plant capacity expansions at its Golden Morn facilities and asset modernizations at the Agbara site, while launching a five-year regenerative agriculture and agroforestry partnership with olam food ingredients (ofi) to train approximately 25,000 farmers and promote sustainable agricultural practices.