Som Distilleries Ltd has received the green light from the Excise department to expand its beer production capacity at its Hassan plant. This expansion will allow the company to meet the growing demand for its products and strengthen its position in the Karnataka beer market.
The company has also recently introduced a new strong beer called Legend in Karnataka. This high-alcohol beer is a strategic move to attract strong beer enthusiasts and consolidate the company’s market share in the state. With this expansion and the introduction of “Legend”, Som Distilleries is well-positioned for continued growth in the Karnataka market.
Today, the SDBL stock opened at Rs 299.95, with a high and low of Rs 304.20 and Rs 296.00. The stock has a 52-week high of Rs 389.80 and a 52-week low of Rs 109.35. The current market cap of Som Distilleries & Breweries Ltd is Rs 2,321.05 crore. Presently, Promoters are holding a 32.72% stake whereas the institutional and non-institutional holdings are 1.64 and 65.64%, respectively.
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In the second quarter of FY24, the company reported revenues of Rs 248 crore, indicating an impressive 69% YoY increase compared to the same quarter in the previous year when the revenue was Rs 147 crore. The company’s operating profit for the quarter stood at Rs 27 crore, as opposed to an operating profit of Rs 17 crore in the same quarter of the previous year. The operating profit margin for the company during this quarter stood at 11%. Furthermore, the company’s net profit amounted to Rs 15 crore, a notable increase compared to the net profit of Rs 8 crore recorded in the same period last year.
Incorporated in 1993, Som Distilleries & Breweries Ltd. has emerged as a prominent producer of alcoholic beverages in India. The company specializes in the manufacturing and sale of Beer and Indian Made Foreign Liquor (IMFL). As the flagship entity of the Bhopal, Madhya Pradesh-based Som Group, Som Distilleries & Breweries Ltd. operates alongside group companies in various industries, including distillery operations, real estate, and infrastructure. Its subsidiaries include Som Distilleries Private Limited, Woodpecker Distilleries and Breweries Pvt Ltd, Aryavrat Tollways Pvt Ltd, and Aryavrat Projects & Developers Pvt Ltd. Primarily focused on beer production, Som Distilleries & Breweries Ltd. also engages in blending and bottling of IMFL.
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