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PRIVACY
Manufacturing

Sales at Mr Kipling owner Premier Foods rise thanks to home cooking and higher prices

Group says it's 'firmly on track to deliver full year expectations'

Premier Foods produces brands including Mr Kipling, Cadbury Cakes, Batchelors, and Ambrosia custard

Food giant Premier Foods says price rises across the º£½ÇÊÓÆµ and a boom in home cooking helped bring a jump in sales,.

The Mr Kipling and Ambrosia owner said group sales rose by 6% to £197m over the three months to July 2, compared with the same month last year.

Premier, which also owns brands such as Batchelors and Oxo, said it was “firmly on track to deliver full year expectations” as a result of recent trading.

It said sales in the group’s core grocery division increased by 6.3% over the quarter, with Batchelors and noodle brand Nissin performing “particularly well”. It added the brands were “increasingly popular as household budgets become ever stretched”.

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Premier said sales volumes were “slightly lower” in the grocery division as growth was driven by higher pricing as the business sought to offset rising costs.

Elsewhere, its Sweet Treats division which includes Mr Kipling reported 5.1% growth.

Its licensed Cadbury cake business “enjoyed a strong quarter”, while the firm also saw a jump in non-branded sales, after securing new contracts.