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Metcash lifts FY profit amid inflation

Metcash has gained market share as shoppers shift to neighbourhood stores. (AAP)

Food and beverage wholesaler Metcash has reported record annual sales and lifted full-year profit, but warns food inflation has continued to rise during the second half of the financial year.

The IGA Supermarkets owner and distributor says net profit for the 12 months to April 30 rose 2.7 per cent to $245.4 million.

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