Good Drinks Australia (ASX:GDA) has reported strong growth in the first quarter of FY25. Despite a declining Australian beer market, the company achieved a 9% increase in total volume compared to the previous year. This growth was primarily driven by a 12% increase in the company's own brands.
Good Drinks Australia (ASX:GDA) has shown resilience and growth in Q1 FY25, with a 9% increase in total volume, outpacing the declining Australian beer market. The company's own brands, particularly Matso's, contributed significantly to this growth. The hospitality business also performed well, with notable success in Queensland and the completion of the Atomic Redfern venue divestment. Good Drinks aims to continue capturing market share through strategic marketing investments and plans to enhance consumer experience with venue upgrades. Additionally, the upcoming launch of Matso's Vodka Lemon Lime Crush is anticipated to drive further growth. The company is optimistic about the upcoming summer and Christmas trading periods, focusing on volume, revenue, and market share growth.
The strong performance validates our market share strategy, highlighting the importance of marketing investment in driving shareholder value.