Ayodele Musibau Abioye, Managing Director, BUA Foods, detailed how cost discipline, energy efficiency, and pack-size innovation drove 14% PAT growth despite a softer top line. He also outlined Q1 performance and growth outlook for the business. Daniel Obi brings excerpts.
BUA Foods closed Q1 with a profit after tax of ₦142,316,606. What were the key drivers behind this performance, and how does it compare with your internal expectations given today’s inflationary and FX environment?
We closed Q1 with a profit after tax of ₦142.3 billion, representing a 14% year-on-year increase, despite a softer top line and a still-evolving operating environment.
The key drivers of this performance were disciplined cost management and improved operational efficiency across the business. We achieved meaningful reductions in input costs—particularly across procurement and energy—while also benefiting from a more optimised product mix. Together, these supported stronger margins and overall profitability.
It is important to note that
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