Leyland, Lancashire-based bathroom retailer Victorian Plumbing Group plc published an update on trading for the first 21 weeks of FY25 for its Annual General Meeting on Tuesday.

“Since the Group’s last trading statement, in relation to Q1 of FY25, we have seen the rate of revenue growth improve for January 2025 – and it is anticipated to have increased further again in February 2025,” said Victorian Plumbing Group.

“Overall, revenue for the period is anticipated to be up 5% year-on-year, demonstrating the early success of our strategic growth initiatives and the enhanced capabilities that our new distribution centre brings.

“Gross profit margin improvement continues in line with the previous financial year as sales of our own brand range continues to grow as a proportion of the overall Group.

“Our three growth horizons continue to build momentum and we are pleased that Tiles and Décor is expected to grow by 30% in the Period.

“We will continue to prioritise expansion category and trade growth alongside our efficient marketing strategy in core bathroom.

“The closure of Victoria Plum is now complete, and all stock has been transferred. The Group exited the lease in Doncaster on 31 January 2025.

“Despite continuing UK consumer uncertainty, as reported at our Full Year Results on 15 January 2025, the Board continues to remain confident in delivering profit in line with full year market expectations.”