Britvic full-year profits and sales jumped, as its CEO hailed its performance as “excellent” with “strong growth” across markets and brands including Pepsi, Tango, Lipton and Ballygowan.

In the 12 months ending 30 September, the Robinsons owner’s EBIT jumped 14.9%  to £250.9m as sales soared 8.6% to £1.8bn, driven by both price and volume.

The soft drink manufacturer’s volume increased by 3.1%, boosted by organic growth and the acquisitions of Extra Power and Jimmy’s Iced Coffee brand acquisitions, while the average realised price grew by 6.2%.

In the UK, brand successes included plant-based milk and shots brand Plenish, where sales more than doubled compared to the previous year fuelled by new product launches.

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Chief executive Simon Litherland called the company’s performance “excellent” and said the drinks giant will be investing in marketing and innovation to boost growth.

Litherland said: “We have delivered another excellent financial performance this year, with strong growth across our markets and portfolio of market-leading brands.

“We have also continued to ensure the business is fit for the future, adding more capacity, investing in our people and significantly increasing investment in marketing and innovation.”

He added that Britvic expects its acquisition by Carlsberg, announced earlier this year, will complete in the first quarter of 2025.

Britvic’s results follows Nestlé, which this week revealed it was to slash costs by £2.2bn by 2027.