Cranswick has reported an 8% increase in pre-tax profit to £35.3m for the year to 31 March on sales up 17% at £599m.

The food producer experienced raw material inflation across most categories in the second half of the year but there had been some success in the fourth quarter at passing on the costs to customers.

“Cost increases to date are being incorporated into selling prices on a phased basis, as anticipated, during the first quarter of the new financial year, said chairman Martin Davey.

“With this positive development and with the underlying growth in the categories in which we operate set to continue, we look forward to Cranswick's further successful development.”