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# Premier's 200-year-old recipe: earnings tipped to rise up to 30%
- URL: https://www.businessbagel.com/premiers-200-year-old-recipe-earnings-tipped-to-rise-up-to-30/
- Published: 2026-06-15T09:29:10.000Z
- Updated: 2026-06-15T09:29:10.000Z
- Description: The maker of Blue Ribbon, Iwisa and Snowflake expects earnings to jump between 20% and 30% when it reports on 17 June, with cheaper global grain doing some of the heavy lifting.
- Author: Philip Ziegler
- Tags: Companies, Business Bagel News

Premier Group, the JSE-listed food producer behind household names like Blue Ribbon bread, Iwisa maize meal, Snowflake flour and Super C sweets, has flagged a bumper year. In a trading statement ahead of its full-year results on 17 June, the company said it expects basic earnings per share to climb between 20% and 30%, to somewhere in the range of 1,123 to 1,217 cents. Headline earnings per share are tipped to rise by a similar margin.

## A old name with momentum

Premier traces its roots to a bakery founded in 1824, making it one of South Africa's oldest continuously operating businesses — and, on these numbers, one of its more spry. The group expects mid-single-digit revenue growth for the year, a respectable showing given that global grain prices have been deflating. Cheaper wheat and maize squeeze the top line a little, but they also lower input costs, and Premier appears to have banked the difference as fatter margins.

## Bulking up

The earnings upgrade comes as Premier presses ahead with an ambitious move to acquire rival RFG Holdings — owner of brands such as Rhodes and Bull Brand — through a share-swap deal that has already cleared the Competition Tribunal. If completed, the tie-up would significantly broaden Premier's reach into tinned goods, ready meals and groceries, stretching it well beyond its milling-and-baking heartland.

For consumers, a well-run staples producer matters: bread and maize meal sit at the centre of millions of South African shopping baskets, and the companies that make them are a useful barometer of where food inflation is heading. For investors, Premier's update is a reminder that some of the steadiest returns on the JSE come not from glamour stocks but from the unglamorous business of feeding a nation. The full results, due 17 June, will show whether the trading statement's optimism holds.

*Compiled by Business Bagel from reporting by* [*BusinessTech*](https://businesstech.co.za/news/business/854509/200-year-old-company-in-south-africa-shooting-the-lights-out/?ref=businessbagel.com) *and Premier's* [*SENS trading statement*](https://sharenet.co.za/v3/sens%5Fdisplay.php?scode=&seq=18&tdate=20260320100000&ref=businessbagel.com)*.*