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Finance

Princes Group's quarterly profit rises on steady grocery demand

Published by Global Banking & Finance Review

Posted on May 14, 2026

1 min read

· Last updated: May 14, 2026

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Princes Group Sees 17% Quarterly Profit Surge from Strong Grocery Sales

Quarterly Financial Performance and Market Drivers

Profit Growth in the First Quarter

May 14 (Reuters) - Grocery supplier Princes Group posted a 17% rise in first-quarter adjusted core profit on Thursday, helped by resilient consumer demand and tight cost control.

Strategies to Counter Rising Costs

The company is looking to raise prices where needed to offset rising fuel, freight, and packaging costs linked to the Middle East war.

Segment Performance and Financial Highlights

The owner of Princes Tuna, Napolina pasta, and Jucee said adjusted core profit for the three months ended March 31 was 38.2 million pounds ($51.63 million), while Italian products remained its strongest-performing segment.

($1 = 0.7398 pounds)

(Reporting by Nithyashree R B in Bengaluru; Editing by Subhranshu Sahu)

Key Takeaways

  • Adjusted core profit for Q1 (ended March 31) rose 17% to £38.2 million, reflecting resilient consumer demand and effective cost management (ca.marketscreener.com).
  • Princes is implementing selective price increases to counter inflationary pressure from fuel, transport, and packaging costs tied to the Middle East war, having secured around 70% of its 2026 energy supply (ca.marketscreener.com).
  • Italian product lines remain the company’s strongest-performing segment amid the broader grocery business (ca.marketscreener.com).

References

Frequently Asked Questions

How much did Princes Group's quarterly adjusted core profit increase?
Princes Group's adjusted core profit rose by 17% in the first quarter.
What factors contributed to Princes Group’s profit growth?
Resilient consumer demand and tight cost control contributed to the profit rise.
Which segment was the strongest performer for Princes Group?
Italian products remained the strongest-performing segment for Princes Group.
What external factors are affecting Princes Group’s costs?
Rising fuel, freight, and packaging costs linked to the Middle East war are impacting expenses.
What were Princes Group's adjusted core profits for the quarter ending March 31?
Princes Group reported adjusted core profit of 38.2 million pounds ($51.63 million) for the quarter.

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