Annual accounts filed at Companies House for the business, which has its headquarters in Cupar and a retail outlet under the Fife Country brand in Strathmiglo, show turnover increased 5% from around £6.3 million to more than £6.6m in the 12 months to May 31 this year.
UK turnover grew 4.1% from £6.15m to £6.4m while European sales rose 10% from £194,389 to £214,490. The extra revenue helped pre-tax profits jump from £503,716 to £646,339 while the firm's balance sheet appears healthy with net funds up from £1m to £1.65m.
Writing in the accounts directors at the family owned company, which was founded in 1888 and counts Prince Charles among its customers, suggested they were hopeful of being able to thrive in spite of difficult trading conditions in the retail sector.
They said: "The overall economic outlook for sales appears challenging but the directors are optimistic about achieving further like-for-like growth given the strength of the product portfolio and the quality and experience of the company's personnel."
An equity dividend of £89,640 was paid, up from the £53,250 in the previous year.
Average employee numbers fell by one to 42 while staff costs were steady at £1.1m.
Total remuneration for directors increased slightly from £322,943 to £328,732 with the highest paid seeing rewards going down from £133,632 to £121,378.
The company makes clothing and footwear for men and women under its Hoggs of Fife, Hoggs Professional and Fife Country brands.