AVI — which owns well-known consumer brands such as Five Roses, Bakers, I&J, Willards, Spitz and Ciro — has a knack for pursuing market share ambitions without too much sacrificing of margins.

The group’s interim results showed AVI straining to maintain this delicate balance, and so it was heartening to see the second-half trading regaining traction, though slight.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.