William Grant & Sons reports +£200m profit in 2016

06 October, 2017

Global premium spirits business William Grant & Sons has reported profits of £222.1m after tax for the year ended 31 December 2016.

Group turnover was reported at £1bn and profit after tax at £222.1m, while the distiller says turnover growth was driven by strong volume and value gain of core brands.

The main contributors to overall growth were Glenfiddich, Hendrick’s and The Balvenie. In addition, Sailor Jerry, Monkey Shoulder, Drambuie and Tullamore D.E.W. all performed well. 

The Glenfiddich Experimental Series, launched in 2016, was highlighted as a particular success, while Hendrick’s lead the super-premium gin category in 2016.

“Our growth continues to be driven by our talented team’s passion for building brands the right way for the long term,” said Simon Hunt, William Grant & Sons chief executive.

“The consistent investment in our brands, in markets and in future proofing our operational infrastructure, provides a solid platform to continue our growth.”

In 2016, William Grant & Sons was named Distiller of the Year by the International Spirits Challenge, hosted by Drinks International.

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