PZ Cussons growth slows in third quarter but optimistic for full year
PZ Cussons PLC on Tuesday said it expected full-year profit the ‘upper end of guidance’, thanks to sustained momentum in its third quarter.
The Manchester, England-based personal healthcare products and consumer goods maker’s lead markets include the UK, Australia & New Zealand, Nigeria and Indonesia. The company noted that ‘positive trading momentum’ seen in its first half had continued into the most recent quarter.
However, PZ Cussons noted that like-for-like revenue had grown 6.3% on-year in the third quarter, slowing from 9.5% growth in the first half, when the company hailed ‘strong’ Indonesian trading.
On a reported basis, annual revenue growth slowed to 5.0% in the third quarter from 8.0% in the six months ended November 29.
PZ Cussons nonetheless maintained an optimistic view, guiding full-year adjusted operating profit towards the upper end of its £53 million to £57 million target range. This compares to £54.9 million in financial 2025.
The firm’s outlook is supported by ‘further stability in the Nigerian naira and careful cost management,’ it said. Guidance remains subject to the naira’s fluctuation, but PZ Cussons stressed that ‘actions management have taken to mitigate against future volatility have continued to reduce the group’s sensitivity to such fluctuations.’
During the first half, the company benefited from non-cash foreign exchange gains on trading liabilities which resulted from a stronger naira.
PZ Cussons will publish annual results on August 6.
Its shares rose 7.0% to 78.30 on Tuesday morning in London, but are down 1.9% over the past year.
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