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PZ Cussons PLC on Thursday raised full-year profit guidance amid strong growth in Africa, driven by both price and volume. The Manchester-based consumer goods firm whose brands include Imperial Leather and Carex said like-for-like revenue growth for the first half of financial 2026 is expected to be around 9%. This primarily reflects growth of over 25% in Africa, driven by both price and volume with the majority of brands gaining share during the first half of the year, the company added. Excluding Africa, LFL revenue growth is expected to be around 2%. As a result, PZ Cussons raised its guidance for financial 2026 adjusted operating profit to a range of £50 million to £55 million from £48 million to £53 million previously. Adjusted operating profit in financial 2025 amounted to £54.9 million. Adjusted operating profit is expected to be weighted towards the first half of the year, with an increase in marketing spend in the second half. In addition, the firm said the transaction to sell the 50% stake in PZ Wilmar remains on track to complete by the end of the calendar year. The outcome of the strategic review of its Africa business is expected by the time of half-year results in February. Shares in PZ Cussons jumped 14% to 77.82 pence each in London on Thursday. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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