The owner of Five Roses tea says margins are likely to come under pressure as a result of an increase in raw material costs
AVI, which owns Five Roses tea and other household brands in SA, said on Monday that its margins are likely to come under pressure from rising raw material costs after Russia invaded Ukraine.
“If sustained, the cost pressures will accelerate and the balancing of margin and volume will become especially challenging in 2022.” AVI said managing sales volumes in the next year will be challenging in the context of fluctuating consumer demand, aggressive competitor activity and the need to adjust selling prices to recover higher input costs.
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