Vitamin maker Blackmores has lifted its first-quarter profit and says it is on track to beat last year's annual result.
The company's first-quarter profit rose 28 per cent from a year ago to $15.4 million, on the back of continued demand for its vitamins and health products in China.
Net sales rose nine per cent on the prior corresponding period to $134 million, with direct China sales rising 28 per cent.
New chief executive Richard Henfrey said Blackmores is in a better position than it was a year ago, with less volatility across the business.
He also said the company has implemented a global approach to price which has helped improve underlying margins.
"We're pleased with our progress compared to the challenging first quarter performance last year, and we have returned to delivering profit growth," Mr Henfrey said.
While sentiment in the Australian retail market has been subdued, sales in the country continue to be boosted by strong consumer demand from Chinese buyers, he said.
Although China demand remains strong, Mr Henfrey warned that the buying patterns of Chinese entrepreneurs, tourists and exporters in Australia continues to evolve.
Sales to other markets across Asia were up 12 per cent from the prior corresponding period, buoyed by 16 per cent growth in Malaysian sales and a 25 per cent sales jump in Hong Kong.
Mr Henfrey said Blackmores is on track to beat last year's $59 million annual profit.
Blackmores shares were weaker in morning trade but rallied to close 64 cents higher at $137.70.
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