The owner of Yorkshire Tea, Betty's & Taylors Group, has reported a record-breaking turnover of 拢319.2m for the 12 months to 31 October, 2024, marking the first time in its history that sales have surpassed the 拢300m mark.
This represents a significant increase from the previous year's turnover of 拢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.
The family business also revealed a substantial jump in pre-tax profit, from 拢12.9m to 拢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 拢275.9m to 拢294m over the year, while its US sales also increased, from 拢13.3m to 拢15.7m.
Elsewhere in the world, the group's turnover grew from 拢6.4m to 拢9.4m.
Reflecting its improved trading performance, the group raised its dividend from 拢81.43 per share to 拢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 拢12m, leading the market with a 76 per cent share of this growing segment."
