Coles chief executive Leah Weckert has played down a $1.1 billion full year profit as the supermarket giant balances returns to shareholders with customers hurting from the high cost of living. In response to political and consumer heat over alleged price gouging, Ms Weckert says the Coles profit has remained modest despite a painful period of high inflation.

Reporter: Peter Ryan, Senior Business Correspondent

Featured: Leah Weckert, Coles chief executive