South African food and beverage group Premier Ltd reported a 27.9 percent surge in profit for the first half of its 2025 fiscal year, driven by strong sales in its bread, confectionery, and home and personal care divisions. The company also announced a share buyback programme, underscoring confidence in its growth outlook.
According to Premier’s interim financial statement, operating profit rose to 1.48 billion rand, supported by higher demand and cost-control initiatives, while revenue climbed 14 percent year-on-year to 13.7 billion rand. The company cited solid performance from brands such as Blue Ribbon, Snowflake, and Lil-Lets as key contributors.
Chief Executive Officer Kobus Gertenbach said the results reflect the group’s resilience amid inflationary pressures and volatile consumer spending. “Despite tough market conditions, we maintained market share across all key categories and delivered margin expansion,” he said.
Premier also confirmed that its board had approved a share repurchase plan aimed at enhancing shareholder value and optimizing its capital structure. The company added that it remains focused on product innovation, export expansion, and operational efficiencies to sustain growth momentum.
As reported by Reuters and Business Day South Africa, Premier’s strong performance highlights a broader recovery in South Africa’s fast-moving consumer goods sector, which has shown resilience despite sluggish economic growth and rising input costs.
