Drinks company Britvic has reported revenue growth of 11.2% to £880.3m in its H1 results.

The group said this was underpinned by volume growth of 4.4%, which has translated into an adjusted EBIT growth of 17.7%, and earnings per share growth of 18.5%.

Britvic is an international soft drinks business and owns brands including Fruit Shoot, Robinsons, Tango and J2O. In its first-half results, covering the six months to 31 March, it also reported that its profit after tax increased by 10.1% to £59.9m.

In particular, the group’s revenue in Brazil rose by 34.7%, driven by both core portfolio and a recently integrated energy acquisition.

Britvic has also announced plans for a third share buyback of £75m over the next 12 months, which it said is reflected by strong earnings, free cashflow generation, and a positive outlook.

CEO of the group, Simon Litherland, commented: “Our market-leading growth comes from the combination of another strong performance from our scale family favourite brands, coupled with accelerated growth in Brazil and across multiple new growth spaces, such as London Essence, Aqua Libra and Plenish. We have increased the investment behind our brands by over 38% in the period.

“Looking forward, I am confident that we will deliver a strong full year performance. In the medium-term, I firmly believe the continued execution of our strategy and growth drivers will allow us to sustainably outperform both the market and our historical top-line growth rate, leaving the company poised to continue our long-standing track record of delivering outstanding returns for our shareholders.”

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