GUINNESS | Guinness Nigeria Q2 2024 Quick Take : Lingering FX losses weigh on bottom line despite robust operational performance
Guinness Nigeria Plc released its Q2 2024 (Oct-Dec) unaudited numbers. The renowned foreign extra stout brewer recorded double-digit Revenue growth of 26.6% y/y to N83.06bn (Q2 2024) from N65.6bn (Q2 2023). Likewise on a q/q basis, Revenue grew by 39.5% to N83.06bn from N59.54bn recorded in Q1 2024. The Q2 2024 impressive topline performance aligns with our expectation that revenue will grow significantly due to holiday season demand.