Good Drinks Australia booked higher volume in the fiscal first quarter despite an overall decline in the beer market.
The brewery’s core business saw a 9 per cent volume growth year over year to 6.1 million litres, with its own brands continuing to outperform the market, rising 12 per cent to 3.44 million litres.
While its partner brand volume fell 3 per cent to 2.32 million litres, its contract-brewed volume surged 175 per cent to 290,000 litres.
Meanwhile, its Gage Roads Freo is trading ahead of expectations, with revenue up 3 per cent.
“To continue to achieve substantial volume sales growth against a backdrop of overall market decline, demonstrates the effectiveness of this strategy and the strength of the company’s brands,” said John Hoedemaker, Good Drinks MD.
“The company views increasing market share through accelerated investment in the marketing of the company’s own brands, as a key driver of shareholder value, and we will continue to build on the success of the strategy so far.”
The company is looking to invest $500,000 in venue refreshment and upgrades at Gage Roads Fremantle this year.
