The shares of the brewery company gained up to 4 percent after the company’s Board considered and approved the SubDivision of share capital in 5:2.
With a market capitalization of Rs 2,303.61 crore, the shares of Som Distilleries & Breweries Ltd were trading at Rs 297.20 per share, increasing around 3.66 percent as compared to the previous closing price of Rs 286.70 apiece.
According to the company filing, the board of directors of Som Distilleries & Breweries Ltd considered and approved the SubDivision of each of the Equity Share Capital of the face value of Rs.5/- each into an equivalent Number of Equity Shares having a face value of Rs.2/- each (“Sub-division”), expected time of completion approximately 3 months from the approval of shareholders of the company.
Looking at the company’s financials, Som Distilleries & Breweries Ltd’s sales increased by 78% from Rs 149 crore in Q3FY23 to Rs 266 crore in Q3FY24. During the same time frame, net profit increased by 63% from Rs 11 crore to 18 crore. Moreover, the company achieved a compound annual growth rate (CAGR) of 20 percent in revenue from FY 19 to FY 23.
The firm has manufacturing facilities in Karnataka, Odisha, and Bhopal, and it has achieved substantial market domination, accounting for 45% of the beer industry in Madhya Pradesh as of October 2023.
During the first nine months of fiscal year 2024, beer accounted for 94% of total volumes and 91% of revenues. The firm has successfully reduced its gross debt by ₹ 580 million, resulting in a drop in consolidated debt and a better debt position.
Som Distilleries products include alternatives in beer, rum, brandy, vodka, and whiskey categories. Hunter, Black Fort, Power Cool, and Woodpecker are its main beer brands, while Pentagon, Milestone 100 whiskey, and White Fox vodka are its IMFL products.
SOM Distilleries Breweries & Wineries Ltd, formerly SOM Distilleries & Breweries Limited, brews, ferments, bottles, cans, and blends beer and Indian Made Foreign Liquor.
Written by:- Abhishek Singh
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