Woolworths has posted a 16.4% increase in net profit to $859 million, exceeding analyst expectations and triggering the largest single-day share price surge in decades. The profit growth was driven by a 3.6% rise in grocery sales over six months, though CEO Amanda Bardwell cautioned that customer confidence remains fragile amid ongoing cost of living pressures. The supermarket chain faces Federal Court proceedings in April over allegations of fake discounts, similar to rival Coles which releases its financial results on Friday.

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