A refreshing jump in sales for drinks firm

Soft drinks giant Britvic has revealed a jump in sales and profits as it benefited from the easing of pandemic restrictions and the recent hot summer weather.

The Robinsons and J2O maker said revenues grew by 15.5% to £1.62 billion over the year to September 30, compared with the previous year, amid increases in both price and sales volumes.

The firm saw pre-tax profits jump by 45.3% to £140.2 million for the year.

The company said strong growth was “in part due to the soft comparable in the first half of 2021 when lockdown restrictions impacted the hospitality channel and the good weather this summer”.

With high inflation predicted for 2023, the company said it will continue to seek to mitigate any impact through cost efficiency work to boost its pricing and promotions.