Graham’s posts £2.8m pretax profit as cottage cheese sales surge 40%

Graham's posts £2.8m pretax profit as cottage cheese sales surge 40%

The Graham Family

Graham’s Family Dairy has reported a slight increase in turnover from £152.9m in 2022/23 to £153.1 million, while pre-tax profits reached £2.8m, for the year ending 31 March 2024.

The Stirlingshire-based business has seen continued sales growth across both traditional dairy and new lines, such as its high-protein products which overtook sales of conventional milk in major supermarkets last year – illustrating the growing demand for natural protein dairy products.

The growth has been driven largely by investment in new products, including the dairy’s high-protein range featuring Protein 25 pouches, yogurt pots and drinks, dessert-style protein yogurts, Skyr Icelandic-style yogurts, and Scotland’s first Greek yogurt pouch, the latest innovation from the family-run business.



Graham’s has also continued with its capital investment plan, investing £5m this year on top of £8.4m last year to modernise production plants and meet rising demand in the most sustainable and responsible way possible. In the last year, the business has expanded its reach through partnerships with Dunnes stores in Ireland and Spinneys in the UAE.

Robert Graham, Graham’s Family Dairy managing director, said: “These results are positive, with Graham’s Family Dairy operating at a profit with strong sales growth, despite continued challenging conditions.

“As dairy farmers ourselves, who continue to milk our own cows, we understand the pressures of continued high energy, staffing and raw material costs. However our continued programme of investment in new product development and our manufacturing sites has meant that profits have remained steady.

Graham's posts £2.8m pretax profit as cottage cheese sales surge 40%

Managing director Robert Graham, with father Dr Robert Graham

Mr Graham continued: “This last year has seen sales of protein and Skyr products overtake sales of conventional milk for the first time, illustrating the growing demand for naturally high-protein, fat free and low sugar goodness.

“Our £2m investment at our facility in Nairn has resulted in the launch of our latest product, Greek yogurt pouches, and allows us to maintain our position as the largest supplier of protein pouch products in the UK.

“However, we have not lost our focus on traditional dairy goods, with Gold Top milk from our herd of Jersey cows continuing to do well, demonstrating that people are still prepared to pay for better quality products with natural ingredients and a great taste.”

The dairy also scooped a number of Great Taste accolades at the 2024 awards for its Cottage Cheese, Mango, Passionfruit & Papaya Kefir Yogurt, Organic Whole Milk with Cream on the Top and its renowned Gold Top Milk. The Cottage Cheese taste award comes at a poignant time for the industry, with the proliferation of cottage cheese products across supermarket shelves.

Earlier in the year Graham’s reported that sales of cottage cheese were surging across the country, with sales for the 80s fridge staple increasing by 40% over 12 months. The retro revival is partly thanks to the global demand for high protein and low fat dairy products fuelled by viral recipes on Tik Tok – in early 2024 views of the hashtag #cottagecheese were set to hit a billion on TikTok alone.

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