East African Breweries Plc's annual profit grew at the fastest pace in four years, even as accelerating inflation in its home market Kenya eroded spending power.

The Nairobi-based brewer reported a significant increase in net income for the fiscal year ended June, driven by volume recovery and price increases across its portfolio. The company's flagship brands, including Tusker and Guinness, maintained market leadership despite challenging macroeconomic conditions.

Kenya's inflation rate surged to multi-year highs during the period, reducing consumer disposable income and pressuring margins. East African Breweries Plc mitigated these headwinds through cost optimization initiatives and strategic pricing.

The profit growth marks a turnaround from previous years when the COVID-19 pandemic and regulatory changes had weighed on performance. The company's regional subsidiaries in Uganda and Tanzania also contributed to the improved results. Management highlighted resilience in the face of currency depreciation and supply chain disruptions. The board proposed a final dividend, signaling confidence in sustained earnings momentum.