Princes Group's quarterly profit rises on steady grocery demand (updated)
14/05/2026 07:32
Adds context and details from paragraph 2 May 14 (Reuters) - Grocery supplier Princes Group PRN.L posted a 17% rise in first-quarter adjusted core profit on Thursday, helped by resilient consumer demand and tight cost control. The company is looking to raise prices where needed to offset rising fuel, freight, and packaging costs linked to the Middle East war. 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) ((NithyashreeRB@thomsonreuters.com))