Tate & Lyle annual profit falls as packaged food demand stays weak
Weaker demand for processed food and lower pricing across key markets are pressuring Tate & Lyle's annual performance. The ingredients maker also says it is in talks with U.S. rival Ingredion over a possible £2.74 billion takeover offer.
Highlights
- Tate & Lyle's adjusted core profit fell 3% to £415 million and revenue declined 3% to £2.01 billion for the full year, both meeting expectations.
- Tate & Lyle entered takeover talks after receiving a £2.74 billion offer from Ingredion, while management projects flat core profit and modest sales growth through fiscal 2027.
- Tate & Lyle shares dropped 1.1% to 517 pence as the company cited subdued packaged food demand and aims to offset cost inflation via pricing, procurement, and operational measures.
Full-year results and fiscal 2027 outlook
As reported by Reuters, Tate & Lyle says adjusted core profit for the full year falls 3% to £415 million, while revenue also declines 3% to £2.01 billion, both in line with market expectations.Chief executive Nick Hampton says the company faces softer market demand than anticipated, a more complex geopolitical backdrop and disappointing financial performance. The producer of Splenda, used in Coca-Cola beverages, forecasts fiscal 2027 sales growth at a modest rate, supported by higher volumes, while core profit is expected to remain flat year on year.
Takeover talks and market pressures
Tate & Lyle says it is talking to U.S. competitor Ingredion, which has offered to buy the British food and beverage ingredients group for £2.74 billion, equivalent to about $3.68 billion.The century-old company assumes limited impact from the ongoing Middle East war and says it is taking steps to offset cost inflation through pricing, procurement measures and operational discipline. Analysts surveyed in a company-compiled poll expect 2027 revenue to be flat at constant currency and adjusted core profit to reach £419 million, while the shares are down 1.1% at 517 pence in early trading.
Our earlier article on E.l.f. Beauty’s fiscal Q4 results covered the company’s shift from tariff-driven price hikes to targeted price cuts after unit sales softened, alongside a weaker-than-expected fiscal 2027 outlook. We noted that the pricing tests—such as a reduction on Halo Glow skin tint that lifted business—underscore how consumer sensitivity and margin trade-offs are shaping guidance and demand expectations.
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