Hot Pursuit     02-Aug-23
SDBL gains as IMFL brands approved for supply in Rajasthan
Som Distilleries & Breweries rose 1.15% to Rs 339.40 after the company said its Indian Made Foreign Liquor (IMFL) brands receive approval for supply in Rajasthan.
Previously limited to selling beer, SDBL can now expand its offerings with an additional stream of IMFL sales. This strategic move is expected to complement and support its existing business, potentially leading to a meaningful impact on the company's revenue and profitability in the medium term.

SDBL is primarily engaged in brewing, fermentation, bottling, canning and blending of beer and IMFL. It also supplies draught beer from its plants.

On a consolidated basis, SDBL's Q1 FY24 net profit surged 31.2% to Rs 33.67 crore, while revenue from operations (excluding excise duty) grew by 51.4% to Rs 385.02 crore. EBIDTA also saw a significant increase of 40% to Rs 50.14 crore in Q1 FY24.

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