THE WHAT? PZ Cussons has said it expects adjusted operating profit for fiscal 2026 to meet or slightly exceed the upper end of its forecast range, supported by strong sales performance and the stabilisation of the Nigerian naira.
THE DETAILS The consumer goods company, which owns brands including Imperial Leather and Carex, now expects adjusted operating profit to come in at or above the top end of its £53 million to £57 million guidance range. The update marks the fourth time the company has raised its profit outlook. PZ Cussons said robust sales and improved currency conditions in Nigeria, one of its key markets, have contributed to the stronger performance. The company continues to forecast like-for-like revenue growth of 6% and annual sales of approximately £540 million for 2026. It also noted potential risks from ongoing conflict in the Middle East but stated that measures have already been implemented to offset the majority of any resulting cost inflation.
THE WHY? The upgraded outlook reflects the benefits of easing currency pressures in Nigeria, a market that has weighed on profitability in recent years, alongside pricing actions and portfolio optimisation efforts. The announcement also signals resilience amid continued inflationary pressures, supply chain challenges and geopolitical uncertainty affecting the wider consumer goods sector.
Source: Reuters
