Jan 26, 2023 / 09:30AM GMT
Operator
Good morning and welcome to Diageo's 2023 Interim Results Q&A Call. Your call today will be hosted by Ivan, Diageo's CEO; and Lavanya, Diageo's CFO.
This conference is being recorded (Operator Instructions) We're now ready to start the call.
Ivan, please go ahead.
Ivan M. Menezes - Diageo plc - CEO & Executive Director
Thank you. Hi, everyone, and thank you for joining our interim results call. I hope you've had a chance to read our press release and watch the presentation webcast on diageo.com.
I'm pleased with our results for the first half of fiscal '23. We delivered organic top line and operating profit growth above our medium-term guidance of -- net sales up 9%, with growth across all regions. Volume grew 2% even as we implemented strategic price increases. Operating profit, up 10%. Organic margin expanded 9 basis points. We generated GBP 800 million of free cash flow, fueling continued investment in long-term growth. We expect to deliver stronger free cash flow in the second half as we lap more normalized working
Half Year 2023 Diageo PLC Earnings Call Transcript
Jan 26, 2023
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