Woolworths chief executive Brad Banducci has pushed back on political heat and ongoing claims that the supermarket giant puts profits ahead of the interests of customers and suppliers. Mr Banducci has used his final appearance as Woolies boss to acknowledge the higher cost of living while posting a 93 percent fall in full year profit to $108 million.

Reporter: Peter Ryan, Senior Business Correspondent

Featured: Brad Banducci, CEO, Woolworths