Victorian Plumbing is braced for a "modest" growth in revenue during the second half of its financial year because of the "ongoing inflationary cost pressures".
The Skelmersdale-headquartered firm added it remains "acutely aware that our customers are also managing these pressures" and that it will continue its "careful approach to price rises".
The listed company provided the update as it reported its results for the first half of its financial year.
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Victorian Plumbing has posted a revenue for the six months to the end of March 2022 of £133.9m, down from the £140.7m it achieved during the same period 12 months ago.
It's pre-tax profit also slumped from £14.5m to £2.7m and its adjusted EBITDA went from £20.1m to £6.7m.
Founder and chief executive Mark Radcliffe said: "Victorian Plumbing remains the go-to online retailer for consumers who are looking for bathroom products.
"Our market-leading proposition and our innovative and proactive approach to marketing have enabled us to continue growing our market share, even against a challenging market backdrop.
"Following a nine-month period during which the economy was opening up after Covid-19 restrictions and discretionary spending has been more focused on leisure activities, our relentless focus on investing in quality and innovation has resulted in revenue growing 39% on a two-year basis.
"I am pleased with the progress we have made with our technological developments, and I am excited about the opportunities presented by our new website.
"This new platform will enable us to further penetrate our core market and provide the best possible base for us to further expand our trade and adjacent product areas.
"We continue to be focused on our long-term goals. We are making good progress on all of our strategic initiatives and are confident in the future growth prospects of the group."
