Victorian Plumbing experiences a 1% drop in revenue due to cost-of-living crisis, while profits rise 8% through own-brand products and reduced shipping costs.
Victorian Plumbing reports a 1% drop in revenue for the first half of the year, with customers opting for cheaper own-brand items amidst the cost-of-living crisis. Despite the dip, the company's turnover reached £144.6m, and its profits increased by 8% due to a shift towards own-brand products and reduced shipping costs. The firm recently acquired rival Victoria Plum for £22.5m, increasing its market share despite a "subdued trading environment."
May 28, 2024
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