Multibagger Alcohol Stock engaged in the business of brewing, fermentation, bottling, canning, and blending of beer and Indian Made Foreign Liquor, jumped 4 percent in the day’s trade following the commencement of beer capacity expansion.
With a market capitalization of Rs. 2,448 Crores, the shares of Som Distilleries & Breweries Limited were trading at Rs. 315.75, up 2.73 percent from its previous day’s close price of Rs. 307.35.
Som Distilleries & Breweries Limited has commenced the commercial production of the increased capacity at its Karnataka plant. Following this, its production capacity has increased by by 55.55% from 90 Lakh cases of beer per annum to 140 lakh cases of beer per annum.
With this strategic expansion, Som Distilleries & Breweries Limited will be able to cater to increased demand from Karnataka as well as meet the requirements of the neighboring states like Kerala, Pondicherry, and many more.
Som Distilleries & Breweries Limited is engaged in the business of brewing, fermentation, bottling, canning, and blending of beer and Indian Made Foreign Liquor (IMFL)
Some well-known brands sold by the company are Hunter, Black Fort, Power Cool, Legend, and Woodpecker in the Beer segment and Pentagon, Milestone, and White Fox vodka in the IMFL segment. Its other IMFL brands include Genius and Sunny.
Its revenue from operations grew by 78.52 percent from Rs. 149 Crores in Q3FY23 to Rs. 266 Crores in Q3FY24, accompanied by profits of Rs. 11 Crores to Rs. 18 Crores.
It has reported a return on equity (ROE) of 18.1 percent and a return on capital employed (ROCE) of 15.6 percent, it is making good returns on its equity and capital employed.
Written by: Bharath K.S
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