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Edrington reports decline in sales and profit amid luxury spirits slowdown
UK spirits group Edrington saw core revenue fall 3% and pre-tax profit drop 23% for the year ended 31 March 2026, as consumer spending pressure weighed on ultra-premium and prestige categories.
The company’s core revenue, which represents sales of continuing branded products, reached £855 million on a constant currency basis, down from the prior year. Total group revenue, including other income, fell 14% to £922.3 million. Pre-tax profit declined 23% to £199.6 million, though before exceptional items the drop was 7% to £256 million.
Despite the top-line challenges, Edrington reported a 1% increase in core contribution — profit from branded sales and distribution after overheads — to £299 million, supported by strong demand for key expressions. The Macallan’s core range performed well, with double-digit growth in 12-year-old sales, while sales of older expressions such as 25- and 30-year-old whiskies declined.
The company also highlighted momentum for its Brugal rum brand. Edrington reduced net debt by £425 million through the sale of The Famous Grouse to William Grant & Sons in 2025 and working capital savings.
Edrington described the results as resilient given mounting pressure on consumer spending throughout the fiscal year, which particularly affected the ultra-premium and prestige segments of the luxury spirits market.