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Tiger Brands releases robust half year results but warns of cost pressures in the macro-economic environment

# Major food producer Tiger Brands released robust half-year financial results, driven by an ongoing corporate turnaround under CEO Tjaart Kruger. Overall revenue growth was 1.3-percent at 17.9-billion-rand, primarily driven by volume growth of 2.6-percent and price deflation of 1.3-percent. It says it may implement small, targeted price increases to absorb fuel hikes and international trade disruptions. Tiger Brands is also streamlining its product range by selling its Beacon brand, but retaining highly profitable brands like TV Bar, Nosh, Wonder Bar, Jelly Tots, and Jungle energy bars.