The British maker of Smirnoff vodka and Johnnie Walker whisky said on Thursday that emerging markets in Latin America, Africa and Asia grew strongly, but European markets in debt-hit Greece, Ireland and Spain continued to be difficult.
Chief Executive Paul Walsh said the group was looking to grow underlying sales by 6 percent, improve margins and see double digit percentage earning growth in the medium term.
While Diageo is not immune from a fragile global economy, this is a strong platform... Achievement of these aims would underpin even stronger dividend growth, Walsh said in a full year results statement.
European brewer Heineken
The London-based group which also sells Captain Morgan rum and Guinness beer posted underlying earnings of 83.6 pence a share beating a Reuters SmartEstimate of 78.9p and a company-compiled consensus of 79.1p for the year to end-June.
The full year dividend rose 6 percent to 40.4 pence.
Diageo shares have outperformed the FTSE 100 index <.FTSE> so far this year by 10 percent and arch rival and world No 2 spirits maker Pernod Ricard
Pernod reports its annual results on Sept 1.
(Reporting by David Jones)