Shares in McBride PLC (LSE:MCB) fell 12% on Wednesday after the household cleaning products manufacturer said full-year profits would meet expectations but gave a cautious outlook on market conditions.
The company, which supplies own-brand and contract-manufactured cleaning goods to major retailers, reported a 0.7% increase in revenue for the year to 30 June 2025, on a constant currency basis.
While total volumes rose 4.3%, driven by a near 49% jump in contract manufacturing orders, growth in its core private label business was modest at 1.4%.
Adjusted operating profit is expected to be in line with market forecasts, but the group noted that private label market share has now levelled off.
It also flagged ongoing pressure from inflation and price-focused retailers demanding cost reductions to maintain competitive shelf prices.
McBride has reduced net debt by £26.3 million over the year to £105.2 million and said it remains on track to resume dividends, with further details due alongside full-year results in September.
The shares dropped 18.2p to 133.6p.