Breville Group reported a 2% revenue growth for the half year that ended Dec. 31, 2023, to $905.8 million from $888 million, maintaining a solid five-year global segment compound annual growth rate of 15.5%.

The gross profit increased 6.7% to $332 million, driven by controlled input costs and promotion investments.

Net profit grew to $84 million from $78.7 million a year earlier, while EBIT showed growth of 8.2%.

The company expects 5% to 7.5% EBIT growth for FY24, focusing on gross profit optimization and continued investment for medium-term growth in a challenging economic environment.