The shares of this beer manufacturer gained up to 2 percent after the company announced its business update in which its sales increased by 38 percent in Q1FY25.
The shares of Som Distilleries & Breweries Ltd were trading at Rs 115.50 per share, increasing around 0.74 percent as compared to the previous closing price of Rs 114.65 apiece. The market capitalization of Rs 2,238.12 crore.
Matter Explanation:-
The shares of the company have seen significant movement after Som Distilleries & Breweries Ltd’s primary sales for Q1FY25 jumped over 38 percent as compared to Q1FY24. Meanwhile, its market share also climbed from 14.4 percent in Q1FY24 to approximately 16.1 percent in Q1FY25, i.e. an increase of 1.7%.
Financial Condition and Ace Investor:-
Examine the company’s financial performance, revenue increased by 51 percent from Rs 253 crore in Q4FY23 to Rs 382 crore in Q4FY24. During the same period, net profit jumped significantly by 25 percent, from Rs 16 crore to Rs 20 crore.
Ace investor Dolly Khanna holds 8,89,429 shares, i.e. equivalent to 1.14 percent of the company as of March 2024.
Beer brands & capacity expansion:-
The Company has three key millionaire beer brands (sales of more than 1 mn cases per annum) Hunter, Black Fort, and Power Cool, and after the completion of the recent expansion in April 2024, the company’s overall beer capacity has increased from 30.2 million cases to 35.2 million cases.
The capacity of the company’s Karnataka factory has risen from 90 lakh to 140 lakh cases per year. Additionally, the successful commissioning of state-of-the-art wraparound packaging equipment at our Bhopal canning operation increases total efficiency by nearly 25%.
Company profile:-
SOM Distilleries Breweries & Wineries Ltd, formerly SOM Distilleries & Breweries Limited, brews, ferments, bottles, cans, and blends beer and Indian Made Foreign Liquor (IMFL). The product portfolio includes beer, rum, brandy, vodka, and whiskey.
Written by:- Abhishek Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
