IDE, the UK’s biggest maker of own-brand cleaning and personal hygiene products, has said the cost of its raw materials has come down, leading to hopes that price pressures could be easing.
McBride said yesterday its policy to use price rises to recover input costs was coming to an end, as the cost of raw materials such as palm kernel oil and coconut oil drop. It also said that it would exit non-profitable business areas where recovery was not possible.
The company, which makes products ranging from detergents and toothpastes for UK supermarkets, said that its revenues had risen by two per cent in the three months to 23 October, with all three of its European divisions delivering growth.
“We have delivered a satisfactory start to the year in which we have continued to benefit from growth in central and eastern Europe and in our core categories,” said chief executive Chris Bull.