Diageo reports surge in organic net sales growth

Diageo achieved a 16 percent rise in organic net sales for the year ending 30th June, as per a report. Surge on organic net sales contributed through strong demand for its spirits in the North American market including a strong rebound around the world.

The company saw its organic net sales rise by 20 percent in North America due to remarkable performances from Casamigos Tequila and Johnnie Walker whisky, as restaurants and bars reopened after months of lockdown.

Meanwhile, the company posted double digit growth in Africa and Asia, leading Diageo to forecast that its sales growth momentum is due to continue into 2022.