Nichols growth was driven by distribution gains, along with “strong growth” of the Vimto brand

Nichols' growth was driven by distribution gains, along with “strong growth” of the Vimto brand

Nichols has reported an increase in first-half profits driven by sales growth for its Vimto soft drinks brand.

For the six months to the end of June, profits increased to GBP4.3m (US$6.8m) from GBP3.2m in the prior year, the UK-based firm said today (4 August).

Sales were up by 17.6% on last year to GBP44.2m, while operating profits rose to GBP6m from GBP4m in the year-ago period.

The Vimto maker said that sales in its domestic market grew by 19.3% in the first-half, with sales of carbonated products growing by 20% and still drinks by 19%. Growth was driven by distribution gains, along with “strong growth” of the Vimto brand and the launch of Cherry Vimto in January, the firm said.

John Nichols, non-executive chairman, said: “We have continued to increase our market share and have again significantly outperformed the sector. I’m also pleased our very strong trading in the first-half was achieved despite tough comparatives, the prevailing economic uncertainties and an extremely competitive soft drinks sector.”

Nichols noted, however, that the soft drinks sector remains “extremely competitive”.