UAC Foods reported ₦19 billion revenue from January to March this year, selling Gala, Supreme Ice Cream, Swans water, and chin-chin to 200 million people.
Gala sales should roughly be ₦8bn – ₦10bn.
Nothing complicated, just an everyday essentials that Nigerians consume.
UAC has an economy of scale, though, but this is an impressive result by all standards.
Food businesses tend to do well in a regressed, depressed economy.
