The owner of Yorkshire Tea, Betty's & Taylors Group, has reported a record-breaking turnover of £319.2m for the 12 months to 31 October, 2024, marking the first time in its history that sales have surpassed the £300m mark.
This represents a significant increase from the previous year's turnover of £295.7m, as reported by .
The group, which dates back to 1886, has seen its turnover rise annually since it began reporting full results to Companies House in the early 2000s.
READ MORE: {}
The family business also revealed a substantial jump in pre-tax profit, from £12.9m to £28.8m over the latest financial year.
During this period, the group produced 32.5m metric tonnes of tea and coffee, a 15 per cent increase on the prior 12 months.
Taylors of Harrogate, the maker of Yorkshire Tea, is part of the group, which also includes five Betty's Cafe Tea Rooms, a craft bakery, Betty's Cookery School and Betty's by Post.
The group's 海角视频 turnover rose from £275.9m to £294m over the year, while its US sales also increased, from £13.3m to £15.7m.
Elsewhere in the world, the group's turnover grew from £6.4m to £9.4m.
Most Read
Reflecting its improved trading performance, the group raised its dividend from £81.43 per share to £133.70 per share.
International growth boosts Yorkshire Tea maker
In a statement endorsed by the board, it was noted: "The continued focus on delivering operational efficiencies, combined with investment in upgrades to our production capability, enabled the business to increase capacity to meet the growing demand for Yorkshire Tea.
"Supported by this approach, we enhanced the competitiveness of our customer proposition, increased product availability and strengthened our position as the leader in the 海角视频 black tea market, with a value share of 40 per cent.
"Our drive to increase tea sales internationally continues to positively impact on our overall financial performance, with sales growth of 27 per cent achieved in the year.
"In coffee, sales of Taylors of Harrogate coffee bags have increased by eight per cent to £12m, leading the market with a 76 per cent share of this growing segment."