British American Tobacco revenue dips 6.2%

British American Tobacco has reported a smaller than expected revenue fall.

British American Tobacco, the world's second-biggest tobacco company, has reported a smaller than expected fall in 2015 revenue.

Revenue fell 6.2 per cent to STG13.1 billion ($A25.29 billion), dragged down largely by foreign exchange fluctuations. Excluding the impact of currency, BAT said revenue rose 5.4 per cent, due to price increases.

Analysts on average were expecting revenue of STG12.95 billion, according to Reuters data.

Cigarette volume fell by 0.8 per cent organically, excluding the acquisition of TDR in Croatia, against an estimated industry decline of 2.3 per cent, BAT said.