Britain’s Premier Foods reported a 4.6% rise in half-year revenue on Thursday, driven by continued growth in its grocery business.
The company also benefitted from the enduring popularity of its brands such as Mr Kipling, Nissin and The Spice Tailor.
Headline branded revenue rose 6.8% in the period as easing inflation helped consumer spending.
Chief executive of Premier Foods Alex Whitehouse commented on the results in a statement, saying, “As inflation has begun to ease and shoppers are starting to feel more confident, we’ve seen consumers treat themselves more, helping sales of both Mr Kipling Signature Bites and Ambrosia Deluxe more than double in the first year.”
Premier, which makes products ranging from plain flour to cooking sauces and quick meals, posted headline revenue of £498.7 million for the 26 weeks ending 30 September.
This was up from £476.7 million a year earlier.
The company also said its branded growth model and investment in promotional pricing have delivered a strong branded volume and revenue performance in the first half of the year.
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