Prime Business AfricaThe valuation of the Nigerian drink or brewery industry in the Nigerian stock market appreciated by 0.94 percent or N20.02 billion in the first quarter of 2025, according to analysis by Prime Business Africa.
On January 2, the market valuation of the industry was N2.11 trillion, however, on March 28, the value of the companies listed on the bourse increased marginally to N2.13 trillion.
Join our WhatsApp ChannelThe brewery companies listed on the Nigerian stock market are Guinness, Nigerian Breweries, International Breweries, Champion Breweries and Golden Guinea Breweries.
How brewery stocks performed in Q1 2025
Guinness
Guinness was the best-performing stock, as shareholders of the alcoholic and non-alcoholic drink producer recorded 13.87 percent appreciation in their investment.
Prime Business Africa gathered that shareholders of Guinness gained N21.35 billion within three months of Q1, after a surge in demand for the company’s shares resulted in an upward trend.
Guinness’ shares appreciated from N70.25 on January 2 to N80 per share on March 28, resulting in the company’s market valuation rising from N153.87 billion to N175.23 billion within the period.
Champion Breweries
Champion Breweries’ shareholders saw their investment in the company rise by 7.34 percent in the first quarter, making the stock of the drink producer the second-best-performing in the sector.
The appreciation represents a combined gain of N2.50 billion, which lifted Champion Breweries’ market valuation from N34.09 billion at the start of the quarter to N36.59 billion at the end of the period.
Champion Breweries’ shareholders had closed the reviewed period with a 7.34 percent gain after investors’ confidence in the brewer improved, raising the value of its share price from N3.81 kobo to N4.09.
Nigerian Breweries
Nigerian Breweries was the third brewer to record an improvement in its share price in the first quarter, as it appreciated slightly from N32 to N34.
The uptick led to an appreciation of 6.56 percent in the investment shareholders held in Nigerian Breweries, handing them a combined gain of N65.06 billion between January and March.
Following the gain, Nigerian Breweries joined the trillionaire club in the stock market, as its market valuation increased to N1.05 trillion from N991.45 billion within three months.
Worst-performing brewery stocks
Golden Guinea Breweries
Golden Guinea Breweries led the list after the company’s shareholders recorded a 17.93 percent decline in their investment value between January and March.
The decline, representing a combined loss of N1.58 billion, followed a drop in Golden Guinea Breweries’ share price, after it fell to N7.09 from N8.64 kobo during the period in review.
At the end of the quarter, Golden Guinea Breweries’ market valuation was put at N7.26 billion, compared to the N8.85 billion it started the year with.
International Breweries
International Breweries joined the list as the value of the brewer’s shares marginally dropped from N5.50 kobo on January 2 to N5.10 kobo on March 28.
Following the decline, International Breweries’ shareholders’ investment value dropped by 7.27 percent, representing a combined loss of N67.31 billion within three months.
This prevented International Breweries from breaking into the trillionaire club in the Nigerian bourse, as the company’s market valuation fell from N858.28 billion to N925.60 billion.
Key takeaways
- Nigerian Breweries is the most valuable brewer in the industry, with N1.05 trillion at the end of Q1, retaining its position at the start of the quarter.
- With N858.28 billion, International Breweries retained its second position on the list of the most valuable brewers in Q1.
- Guinness was ranked the third most valuable brewer – same position at the start of Q1 – in Nigeria with N175.23 billion.
- Champion Breweries retained the fourth spot on the list of the most valuable brewers in Q1, after ending the period with N36.59 billion.
- Similarly, Golden Guinea Breweries’ position on the list of the most valuable brewers did not change, as it occupied the fifth spot with N7.26 billion market valuation.
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