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The company, which produces a number of grocery brands, saw group trading profit rise to £123.6 million in the first half of the year.
Turnover rose 3.5 per cent to £1.25 billion, while market share also jumped thanks to rising sales of Branston branded products - which rose 41 per cent - and Hovis, which added 17 per cent after the bread brand was relaunched earlier this year.
Robert Schofield, chief executive of Premier Foods, said that the firm will "continue to invest in and support our brands to drive market share growth", news that may interest those involved in stock market trading.
He added that while cost inflation "remains an issue", overall he was "pleased" with the performance given the "exceptionally tough trading environment".
The announcement prompted a rise in Premier Foods' share price, which had increased 1.27 per cent to 40.51p at 15:40 BST.
