Applied Nutrition’s interim update points to continued positive trading momentum and has prompted an upgrade to FY26E guidance. The growing public interest in health, wellness and fitness products that we reviewed in our recent ‘Beauty beyond the mirror’ thematic remains supportive to growth, with strong demand across the speciality retailer, supermarkets and discounters channels. We upgrade revenue and EPS forecasts by 4% across all forecast years as we maintain margins and growth rates in FY27 ....
