By Jaime Llinares Taboada

Diageo PLC said Tuesday that it expects to grow its organic operating profit by 6%-9% for fiscal 2023 to fiscal 2025.

The liquor maker--which owns Johnnie Walker whisky and Tanqueray gin--published a new set of medium-term guidance ahead of its capital markets day in London. The group added that it expects to grow organic net sales by 5%-7% for fiscal 2023 to fiscal 2025.

Diageo also set a target to achieve a total beverage alcohol market value share of 6% by 2030, up from 4% in 2020.

"With continued investment in marketing, digital capabilities and our people, we have significant headroom for growth," Chief Executive Ivan Menezes said.

In the shorter term, Diageo said it expects organic net sales growth of at least 16% for the first half of fiscal 2022, and even higher organic operating-profit growth.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

November 16, 2021 02:46 ET (07:46 GMT)

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