AG Barr has reported expected first half revenue of around £157m.
The trading update for the 26 weeks ending 31 July revealed that this represents year-on-year revenue growth of circa 19% - excluding the revenue contribution from MOMA Foods.
The Cumbernauld-based group, which produces drinks brands including Irn-Bru, Rubicon and Funkin, explained that growth has been driven by ongoing brand investment and the execution of new pricing and promotional activity.
Trading performance further benefited from Covid recovery across the market, particularly in the on-trade and out-of-home sectors, as well as the "exceptional British summer weather" in recent weeks.
The trading update did warn of potential headwinds in the second half, however.
"We anticipate that the UK’s current high level of inflation will continue across the balance of the year, with economic conditions becoming increasingly challenging for consumers and industry alike," the statement read.
AG Barr plans to tackle this by continuing to invest in its brands, while taking "appropriate mitigating action" to limit the full year impact of cost inflation.
Chief executive Roger White commented: "Our brands are performing well and our business has continued to demonstrate both its resilience and flexibility.
"While not immune to the current cost inflationary pressures experienced across the UK, looking forward into the second half of the financial year, we remain confident of delivering a full-year profit performance ahead of the prior year and in line with board expectations."
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