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Tiger Brands Limited integrated annual report
2015 41
Other grains
A strong performance from the rice business is reflected in
high single-digit volume growth that underscores the strength
of our Tastic and Aunt Caroline brands. Lower international
prices offset rand weakness to some extent.
The pasta business, which was incorporated into this division
in the prior year, recorded a strong increase in operating
income after another year of good volume growth.
The oats business generated strong top-line growth, driven
by the resilience of the core Jungle offering and boosted by
significant innovation, including the group’s entry to the
fast-growing energy segment with Jungle Ultra. Operating
profit growth was modest due to margin pressure from
higher oat prices.
Outlook
With currency weakness expected to be a feature of
the economic landscape for some time, and adverse
weather conditions forcing significant increases in soft
commodity prices, the focus will remain on driving
operating efficiencies.