![\"Glenfiddich](\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2015\/03\/Glenfiddich-Terry-e1494145032354.png\")
Glenfiddich whisky distiller William Grant & Sons saw its profit dip by 13% last year amid weakening consumer demand in the sector.<\/p>\n
The family-owned company reported full-year profit before tax of \u00a3337 million for the calendar year to 31 December 2025 against \u00a3388m in the previous year, on a 4% fall in turnover to \u00a31.758 billion.<\/p>\n
It said it was affected by \u2018difficult\u2019 market conditions which are being felt across the spirits industry.<\/p>\n
Other brands owned by the firm include The Balvenie and Hendrick\u2019s Gin but it only said there was a varied performance across its portfolio, with \u2018resilient contributions in select areas\u2019 and share gains across several categories.<\/p>\n
Graeme Jenkins, chief financial officer, described 2025 as \u201canother challenging year for the spirits industry, with external pressures affecting performance across many of the company\u2019s key markets\u201d.<\/p>\n
During the year the company acquired The Famous Grouse and the Naked Malt whisky brands from Edrington and made significant investment in its brands and expansion of its distillery in Girvan.<\/p>\n
\u201cWhile the results reflect the current operating environment, our confidence in the long-term fundamentals of the spirits industry remains strong,\u201d added Mr Jenkins.<\/p>\n
The position of CEO remains unfilled following the departure of S\u00f8ren Hagh in November, less than two years after taking up the position.<\/p>\n
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