Dangote Cement Plc reported Q1 2026 revenue of NGN1.2 trillion. This figure represents a 20.4% year-on-year increase. Higher cement prices and increased sales volumes drove the growth.
The company projects full-year revenue to reach NGN5.4 trillion. This forecast marks a 24.2% increase from the previous year. The company expects profit before tax to grow by 60%. This projection totals NGN2.4 trillion for the 2026 fiscal year.
CSL Stockbrokers Limited raised its target price for the stock to NGN1,359.79. This is an increase from the previous target of NGN827.47. Analysts cite sustained infrastructure demand and cost-control measures as primary growth drivers. A more stable foreign exchange environment further supports the optimistic outlook.