Increased prices at Kerry Group see revenue rise by 10% despite inflation

The company's dairy division saw volumes fall by 6% despite a 14.4% rise in consumer prices

Kerry Group

Irish food company, Kerry Group reported strong growth of 8.5% on the back of higher prices, with consumer demand remaining resilient despite heightened inflation.

Releasing its interim statement for Q1, the company said growth was largely driven by its dairy, snacks and pharma markets, reporting a revenue increase of 10.3%, 8.3% of which derived from increased pricing.