Britvic has reported soaring quarterly revenue in the three-month period to 31 December 2021, driven by growth across GB and the at-home channel.
The owner of Robinson’s, J20 and Tango posted a total revenue of £373.9m on a constant currency basis for Q1 of the 2022 fiscal year, up 16.5% on last year’s figures and 12.8% on the same period pre-pandemic.
This growth was driven by the British market, which saw revenue increasing by 17.1% across the board, with the at-home channel – which includes supermarkets and convenience stores – continuing to grow.
The soft drinks company said it was “experiencing inflationary pressures across the business,” in the trading update, but added that it remained “focused on minimising the impact on our business through a combination of revenue management, smart procurement and disciplined cost control.”
Read more: Britvic becomes the O2’s official soft drinks partner
“We have continued to see strong demand for our portfolio of trusted family favourite brands across all channels and markets, helping us deliver strong year-on-year revenue growth of 16.5% in the first quarter,” stated chief executive Simon Litherland.
“We remain confident in our growth strategy, backed not only by our market-leading brands and our highly engaged employees, but also by our proven track record of successfully navigating headwinds.
“While we continue to experience inflationary pressures, our focus remains on minimising the impact on our business and I am confident we will continue to make progress this year and deliver strong returns for our shareholders.”
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