Mumbai : SOM Distilleries & Breweries Pvt. Ltd., one of India’s leading Breweries reported its consolidated financial results for the year ended March 31, 2013.

For the year, the company posted a net income of Rs 205 crores as compared to Rs 195 crores in the corresponding period a year ago showing a growth of 5.1 %. The company has been pushing its brands and reducing the share of contract manufacturing as a part of its growth strategy. The percentage of contract manufacturing as a percentage of gross sales has reduced from a high of 22% in FY 2010-11 to around 5% in FY 2012-13. The own gross sales have grown by 17% over the year thus showing the acceptability of the brands.

The company maintained a healthy EBIDTA margin of above 15%. The EPS & PAT have gone up by 33.4 % & 33.5 % respectively over the year which is an encouraging sign for the bottom line of the company.

Deepak Arora, CEO, SOM Group of companies, says “the company has delivered a year of strong growth with all the products and industry segments maintaining their share in the beer market. Our ability to be customer centric, remain relevant to their tastes & preferences and our investments in upgrading our products are delivering tangible benefits as customers give a positive welcome to our new drinks.”

He added, “We are confident that 2013-14 will bring greater opportunities as we are finding ways to re-invent ourselves for the future and investing in building capabilities to predict market dynamics and consumer behavior. This year we have launched “Milestone – 100” a premium whisky, with a brand philosophy of “Thhoda Aur”, for the real achievers. The successful launch has set our spirits high & soon the vodka lovers will experience the taste of new premium vodka. “

Mr. Nakul Sethi (Director- Finance & Strategy), SDBL said, “Our growth has been according to our expectations in the last financial year and our strategy of investing in our brands is paying off. We have endeavored to maintain our profitability despite stiff headwinds and increased volatility through the year. We are encouraged by the healthy demand for our broad range of products.”

Source : Nidhi