KARACHI, April 24, 2025 — Unilever Pakistan Foods Limited has reported a decline in profitability for the first quarter of the calendar year 2025, posting an 8.24% drop in net profit compared to the same period last year.
According to the unaudited financial results submitted to the Pakistan Stock Exchange (PSX), Unilever Pakistan recorded a net profit of Rs1.67 billion for the quarter ended March 31, 2025. This figure is down from Rs1.82 billion reported during the corresponding quarter of 2024.
The earnings per share (EPS) for the first quarter stood at Rs262.60, lower than the Rs285.87 reported during the same period last year. Both basic and diluted EPS reflected this downward trend. The company’s board of directors reviewed and approved the financial statements in a meeting held on April 24, 2025.
Despite the decline in bottom-line profit, Unilever Pakistan reported strong sales performance. The company achieved a 19.5% growth in sales, driven primarily by robust volume gains across key product categories. Notably, Knorr Noodles and Unilever Food Solutions emerged as strong performers during the quarter.
Unilever Pakistan attributed the profit drop to two major factors. First, the maturity of earlier tax credits led to a higher effective tax rate during the quarter. Second, the decline in interest income compared to the prior year also impacted profitability. The company explained that the reduction in interest income was a result of lower interest rates and the disbursement of previously accumulated reserves.
In its commentary, Unilever Pakistan noted that inflation remained in single digits for the third consecutive quarter, with March 2025 inflation recorded at just 0.7%, largely due to falling food and energy prices. However, these macroeconomic conditions did not fully offset the financial impact of the internal and tax-related factors affecting the quarter’s net earnings.
As one of Pakistan’s leading consumer goods companies, Unilever continues to adapt to evolving market dynamics. The company reaffirmed its commitment to driving sustainable growth across its portfolio while managing external economic headwinds and internal cost pressures. Going forward, Unilever Pakistan aims to leverage operational efficiency and brand strength to maintain long-term competitiveness in Pakistan’s fast-moving consumer goods sector.