Beam Suntory, the spirits arm of Japanese group Suntory Holdings, said that revenue in 2016 financial year grew in the mid-single digit.

However, net sales for the alcoholic beverages segment which includes wine, beer and spirits declined 3.6% to ¥988.7bn yen ($8.69bn) year-on-year. The company noted that the spirits division performed strongly, driven by robust growth for brands such as Jim Beam, Maker’s Mark, Hornitos tequila, Japanese ready-to-drink products and premium and scotch whiskies.