William Grant & Sons has reported a 12% rise in turnover to £1.41bn for the year ended 31 December 2021.
The Scottish-based drinks group also posted a 3% rise in profit to £248m after tax, compared to the previous year.
The financial update noted that this was achieved despite significantly increased distribution costs to deliver products to markets during a time of supply disruption, which has been felt across the industry.
As William Grant & Sons continued to build a portfolio of premium brands, it invested record advertising expenditure and launched a number of new products.
These included a new ready-to-drink cocktail range, Batch & Bottle, the launch of Glenfiddich Grand Couronne - a 26 year-old whisky matured in American and European oak casks, then finished in French cognac casks - and a new cross-portfolio, direct-to-consumer e-commerce platform called Clink.
A new cooperage and liquid supply area was also created at the group's Girvan distillery, alongside a new tequila distillery in Mexico.
A spokesperson for William Grant & Sons commented: “Real progress has been demonstrated in 2021, and the continued resilience of team members in the face of adversity has created a powerful legacy for the future.
“The key to our long-term success lies in working together as one team, particularly with the supply chain challenges and unrest in the world that are again evident in 2022.”
The family-owned distiller was founded by William Grant in 1887.
It distills, bottles, and distributes single malts like The Glenfiddich and The Balvenie, alongside blended whisky Grant’s and other spirits brands including Hendrick’s gin, Sailor Jerry rum, Tullamore Irish whiskey and Drambuie.
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