Kerry Group grows volumes as prices increase 10.6%

The snacks, meat, bakery and beverage markets all saw growth despite a 7.5% increase in pricing passed on from the increase in input costs

Shares in Kerry Group were down in trading today hovering above €90.

Kerry Group grew volumes by 6.6% in the third quarter despite increasing products by more than 10% in response to inflationary pressures.

The food group reported increased revenues of 16.1% in the period comprising of business volume growth of 6.6% and increased pricing of 10.6%. Coming to the end of the year, the company said it was updating its full-year earnings guidance to between 6% and 8% growth.