The shares of this Dolly Khanna stock engaged in alcoholic beverages manufacturing in India and is engaged in the manufacturing and sale of Beer and Indian Made Foreign Liquor in focus after the company reported a 26 percent year-on-year increase in net profits and revenue growth in its recently released quarterly results.
Share Price Movement
The share price of Som Distilleries & Breweries Ltd opened at Rs. 103.25 and touched a high of Rs.106.20 per share on Thursday’s intraday trade, rising 4 percent from its previous close of Rs.102.02 per share. However, the shares have adjusted since then and are now trading at Rs.100.05 each which is 2.10 percent lower from the previous closing price.
What Happened
The stock movement was due to a result of an earnings update released by the company. The company posted a significant increase in net profits and a jump in revenue in Q2FY25.
According to its recent filing, In Q2FY25, Som Distilleries & Breweries Ltd reported a 23 percent increase in revenue to Rs.573.30 crore in Q2FY25, compared to Rs.466.14 crore in Q2FY24. Furthermore, quarterly, the company saw a decrease of 43 percent in revenue from Rs.1,012.7 crore in Q1FY25.
In the same period, the company reported a significant increase in net profit of 26 percent to Rs.18.69 crore in Q2FY25, up from Rs.14.85 crore in Q2FY24 and 54 percent down from Rs.40.54 crore in Q1FY25.
In terms of return ratios, return on capital employed (ROCE) is currently at 18.92 percent, while return on equity (ROE) is at 18.46 percent. The company has a current ratio of 1.54 and a debt-to-equity ratio of 0.44.
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Revenue Mix
The company has recognised revenues from the business of manufacturing alcoholic beverages as of Q2FY25.
Shareholding Pattern
As of September 2024, the shareholding pattern includes promoters holding a major share of 35.33 percent stake in Som Distilleries & Breweries, Foreign Institutional Investors (FII) holding around 0.56 percent, Domestic Institutional investors (DII) standing at 0.01 percent, Government stake at 0.01 percent and public holdings standing at 64.09 percent. Dolly Khanna holds around 1.45 percent which is reduced from 1.51 percent in the July quarter.
About the company
Som Distilleries & Breweries Limited, established in 1993, is an Indian manufacturer of alcoholic beverages, including beer and Indian Made Foreign Liquor. The company operates with an installed capacity of 23 million cases annually through its own facilities and subsidiaries.
Their diverse portfolio features brands such as Hunter Beer, Woodpecker Wheat Beer, and various whiskies and rums. Som Distilleries employs a B2C model, focusing on brewing, bottling, and distributing its products across India.
The company aims to expand its market presence while focusing on quality and innovation in product development to cater to evolving consumer preferences.
Written by – Santhosh S
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