Kerry Group Delivers Q1 Volume Growth and Margin Expansion Despite Currency Headwinds

Kerry Group plc ( (GB:KYGA) ) has shared an update.

Kerry Group reported first-quarter 2026 volume growth of 3.1%, significantly outperforming subdued global food and beverage markets, with expansion across all regions led by Meat, Snacks and Dairy and strong gains in foodservice and emerging markets. Despite a 1.3% price reduction due to input cost deflation and a 7.9% adverse currency translation impact that drove reported revenue down 7.3%, EBITDA margin expanded by 60 basis points, supported by the Accelerate 2.0 efficiency programme, operating leverage and favourable mix.

Management maintained full-year constant-currency EPS guidance, underscoring confidence in continued volume growth and margin expansion despite geopolitical and macroeconomic uncertainty, while increasing strategic investment in taste and proactive health capabilities in North America, Europe and APMEA. The group ended March with net debt of €2.2bn and is returning capital through a new share buyback programme of up to €300m alongside a proposed final dividend, as long-serving chair Tom Moran prepares to hand over to Fiona Dawson and another non-executive director steps down at the AGM.

More about Kerry Group plc

Kerry Group plc is a global taste and nutrition company serving the food, beverage and pharmaceutical industries. It provides savoury and sweet taste solutions, sugar and salt reduction technologies, enzymes, bio-fermented ingredients and food protection systems, with a strong presence across the Americas, Europe and the APMEA region and a focus on high-growth, health-oriented applications.

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