SOM posts strong financial performance

SOM Distilleries & Breweries Limited reported a total income of Rs 804.69 crore for the half-year of the ongoing fiscal ending September 2024, up 26.8 percent from Rs 634.6 crore for the corresponding period of the last fiscal year.

The company’s half-year EBITDA for the current fiscal stood at Rs. 100.03 crore, a 29 percent increase over Rs 77.59 crore reported in the corresponding period of the last fiscal. This consistent growth demonstrates the company’s success in leveraging its diversified portfolio and expanding its reach across key markets.

This impressive performance of SOM comes on the back of its Profit before Tax (PBT) for the HY 24-25 at Rs 82.05 crore, marking a 32.5percent increase from Rs 61.91 crore in the corresponding period of the previous fiscal. Profit after Tax (PAT) of the company also grew to Rs 59.25 crores for HY 24-25 as compared to Rs 48.51 crores for the corresponding period of the last fiscal, showing a growth in excess of 22 percent.

The company was able to reduce its gross debt from Rs 177 crores in March 2024 to Rs 126 crores in September 2024. The gross debt to equity of SOM stood at 0.23 at the end of September 2024 as compared to 0.35 in March 24, thus reflecting the strong liquidity in the company.

JK Arora, Chairman of SOM Distilleries & Breweries Ltd, commented on the results, saying, “We are extremely pleased with our strong performance in both the second quarter and half-year FY25, which is a testament to the strength of our brand portfolio, our strategic market expansions, and our unwavering commitment to operational efficiency.”

 He further added, “This growth not only reinforces the effectiveness of our strategy but also highlights our dedication to creating sustained value for our stakeholders. Moving forward, we will continue to focus on scaling our market presence, expanding our product offerings, and pursuing cost-efficient operations to meet the evolving preferences of our consumers.”

This performance underscores the company’s strategic focus on expanding its market presence, optimising financials, and enhancing its brand portfolio.