INDIA – SOM Distilleries and Breweries Ltd, a prominent player in the Indian alcoholic beverages industry, has announced a 33 percent increase in total income for the first quarter of the fiscal year 2025, reaching Rs 513.7 crore (US$61.2M).
This significant revenue growth reflects the company’s effective financial management and emphasis on operational efficiencies.
The company’s EBITDA for the quarter rose nearly 30 percent to Rs 64.8 crore (US$7.7M), up from Rs 50.1 crore (US$5.97M)in Q1 FY24, with an EBITDA margin of 12.62 percent.
According to the company statement, this margin highlights its efficient cost management and operational effectiveness.
Profit Before Tax (PBT) also saw an increase, growing around 32 percent to Rs 56 crore (US$6.7M) from Rs 42.6 crore (US$5.1M) in the same period last year. Net profit before minority interest rose by 20.5 percent to Rs 40.5 crore (US$4.8M), compared to Rs 33.6 crore (US$4M)reported in Q1 FY24.
JK Arora, Chairman of SOM Distilleries and Breweries Ltd, said, “We are pleased with our robust performance in the first quarter of FY25. Our consistent growth in revenue and profitability reflects the strength of our brand portfolio, operational excellence, and strategic focus on cost management. We remain committed to delivering sustainable value to our stakeholders.”
He added that the company will continue to focus on driving profitable growth and maintaining financial stability while capitalizing on market opportunities.
Shreyansi Goel appointed non-executive director
In addition to its financial achievements, SOM Distilleries announced the appointment of Ms Shreyansi Goel as an Additional Director (Non-Executive/Independent), effective August 5, 2024, subject to shareholders’ approval.
Goel brings over six years of experience in corporate and allied laws. She is currently a Designated Partner at Busy Bee Restaurant Services LLP and Misaka Hospitality LLP and holds leadership roles in various legal organizations.
The company is also addressing recent controversies, as Indian authorities authorized the closure of its spirit production site in Madhya Pradesh’s Raisen district in June 2024.
The closure and suspension of manufacturing licenses followed the discovery of child labor at the plant by the National Commission for Protection of Child Rights (NCPCR).
SOM Distilleries has defended its position, attributing the issue to contractors responsible for labor supply, suggesting that the contractors may have been overlooked proper age verification.
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