Top 10 Consumer Goods in Nigeria Based on Buying Trends

The consumer‐goods sector performed well on the Nigerian Exchange in the first half of 2025, emerging as the market’s standout group. 

Driven by a more stable naira, cooling inflationary pressures and a broad return to profitability, the NGX Consumer Goods Index soared 52.21%, rising from 1,731.7 points at the start of January to 2,635.9 by the end of June.

Trading activity reached a half‐year high of 4.4 billion shares, the strongest volume since 2013, shows how investors flocked back to quality names in food, beverage and household products.

Here are the top 10 Consumer Goods in Nigeria based on Buying Trends:

1. Honeywell Flour Mills Plc (218.5%)

Honeywell Flour Mills led all consumer‐goods stocks with a 218.5% share‐price gain. Strong Q1 earnings of ₦21.3 billion—driven by higher domestic flour demand and a weaker naira, which boosted export margins—underpinned the rally. Management also signalled plans for ₦45 billion in debt refinancing, further bolstering investor confidence.

2. Vitafoam Nigeria Plc (217.6%)

Vitafoam surged 217.6% as post‐pandemic home furnishing demand rebounded sharply. Improved operating leverage on higher mattress and upholstery volumes, combined with prudent cost controls, translated into margin expansion. A successful pre‐listing roadshow for its proposed share issuance also attracted fresh investment interest.

3. International Breweries Plc (167.3%)

International Breweries’ 167.3% gain reflected robust beer consumption recovery and better access to raw‐material imports at competitive FX rates. Export opportunities into neighbouring markets and a successful brand‐premium strategy drove both top‐line growth and margin improvement in H1 2025.

4. Champion Breweries Plc (162.5%)

Champion Breweries climbed 162.5% on the back of a new plant commissioning in Maiduguri and a strategic focus on high‐margin malt beverages. Quarterly profits jumped over 300% year-on-year, reinforcing the stock’s appeal after underperformance in 2024.

5. Northern Nigerian Flour Mills Plc (146.0%)

Northern Nigerian Flour Mills saw a 146.0% uplift as wheat‐import costs eased and back‐to‐school flour demand spiked. The company’s expansion into edible-oil blending also diversified revenue streams, attracting renewed investor attention.

6. NASCON Allied Industries Plc (136.7%)

NASCON rose 136.7% bolstered by stronger condiment and seasoning sales, alongside improved access to imported raw materials. A reduction in finance costs following successful short-term debt rollovers added to the share’s momentum.

7. Cadbury Nigeria Plc (93.0%)

Cadbury Nigeria rallied 93.0% on robust chocolate and beverage volumes, aided by aggressive in-market promotions. Cost-of-sales pressures eased in Q2 2025, supporting a rebound in gross margins that lifted the stock.

8. Nigerian Breweries Plc (84.4%)

Nigerian Breweries delivered an 84.4% gain thanks to export market expansion and a premiumization drive on its flagship lager brands. Early adoption of alternative energy solutions in brewing also helped contain operating costs.

9. Nestlé Nigeria Plc (65.7%)

Nestlé Nigeria’s 65.7% advance was supported by strong baby food and culinary seasoning demand, and a resilient route-to-market network. Effective hedging strategies against FX volatility smoothed out input-cost spikes.

10. PZ Cussons Nigeria Plc (56.4%)

Rounding out the list, PZ Cussons added 56.4%, rising from ₦24.30 to approximately ₦38.00. The stock’s best-performing month was February, following its announcement to convert US$34.26 million of debt into equity, strengthening the balance sheet and restoring market confidence.