Guinness Nigeria targets sustained profit recovery, growth momentum – CEO

After returning to profitability following years of financial strain, Guinness Nigeria Plc is now shifting focus toward sustaining growth momentum through operational efficiency, localised decision-making, and consumer-focused innovation.

This is according to the Managing Director and Chief Executive Officer of Guinness Nigeria Plc, Mr. Girish Sharma, who spoke during a recent media chat.

The brewer, which recently returned to profitability after a prolonged restructuring phase, delivered another strong performance at the start of 2026, suggesting confidence in its turnaround strategy.

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**What Guinness CEO is saying: **

Sharma attributed the company’s improved performance to a deliberate restructuring strategy implemented over the past year, focused on improving efficiency, empowering local teams, and expanding market reach.

• _“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,” _Sharma said.
• _“The past year has been a year of reset, but expecting 144% revenue growth might not be what we should be looking at. However, I don’t see why we’d not be growing by double digits at the very least.” _

According to the CEO, the company’s recovery strategy was built around four key pillars designed to reposition the business for long-term growth.

• _“From a strategy perspective, I spent the first 100 days drawing the blueprint,” he explained. “At the end of it, we actually broke the strategy into four pillars.” _
• _“First was culture; we needed to make people feel more empowered, more than anything else. Second was operational excellence by localising what we do; we wanted to achieve more efficiency with this.” _
• _“Thirdly, we are very obsessed with the consumers, so we had them at the centre of our strategy — we took out a few products and became a lot more innovative in adding some. And finally, is the financial performance,” _he said.

More insights:

Beyond the financial numbers, Sharma noted that Guinness Nigeria’s transformation reflects a broader operational reset aimed at building a more agile and locally responsive business.

• The company expanded its distribution footprint across the country while improving internal efficiency through faster local decision-making and streamlined operations.
• Management also intensified its focus on consumer-led innovation, adjusting product offerings and introducing formats better suited to current market realities.
• One example is the launch of Orijin Beer in PET format, designed to provide more affordable options for consumers facing cost-of-living pressures.
• Sharma said Guinness Nigeria sees significant opportunities across several beverage categories over the next few years, particularly in ready-to-drink products, mainstream spirits, beer, and malt drinks.
• _“Consumer tastes are evolving quickly,” Sharma said, “and our job is to stay close to those shifts and respond with the right products.” _

According to him, evolving consumer preferences are reshaping the company’s portfolio strategy, with growth increasingly expected to come from value-driven innovation and products tailored to changing spending patterns.

**Sustaining growth momentum: **

Looking ahead, Guinness Nigeria plans to sustain its recovery by deepening distribution, improving operational efficiency, and maintaining strict financial discipline.

• The company also intends to continue investing in innovation while balancing growth across both premium and value segments of the market.
• Management believes the localisation of operations and faster decision-making structures will continue to improve responsiveness and execution efficiency in an increasingly competitive consumer market.

Despite macroeconomic headwinds such as inflation and currency volatility, Guinness Nigeria said its strengthened operating model has positioned the company to deliver consistent double-digit growth over the medium term.

**What you should know: **

Guinness Nigeria Plc returned to profitability in 2025 after several years of losses, posting a profit after tax of N41.2 billion for the 18-month period ended December 31, 2025, compared with losses recorded in previous years.

• Revenue surged 144% to N730.8 billion during the period, supported by broad-based volume growth across key product categories.
• The brewer’s recovery was also driven by a sharp reduction in finance costs following debt restructuring and improved foreign exchange risk management, with finance expenses falling to below N40 billion from significantly higher levels in prior years.
• The company also reported zero foreign exchange losses in 2025, compared with a N92 billion FX loss in 2024.
• Guinness Nigeria’s balance sheet has improved significantly, with shareholders’ equity recovering to N43.3 billion from near-negative levels while retained losses narrowed sharply.
• The company also moved back to dividend payment in 2026, declaring an interim dividend of N2 per share for Q1 2026 — its first dividend declaration in four years.

Investor confidence has also strengthened considerably, with Guinness Nigeria’s share price rising sharply over the past year as the market responded positively to the company’s profitability recovery and improved operating performance.

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