(Reuters) - British business supplies distributor Bunzl said on Thursday it expects annual profit margin to be slightly above the previous year, due to solid demand for its own brand products and bolt-on acquisitions.

It had earlier expected 2024 margins to be slightly below 2023 levels.

The supplier of everything from food packaging to stationery expects "robust" revenue growth in 2024 due to acquisitions, although underlying revenue is still expected to decline on weak volumes and deflation at its U.S. businesses.

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Mrigank Dhaniwala)