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The partnership aims to leverage the collective strengths, expertise, and resources of both the organizations to enhance the production and distribution of premium beverages in the Odisha region.
Under this tie-up, Som's Odisha plant will be partly utilized to produce a wide range of world-class beverages, including popular brands from Carlsberg India's portfolio.
This tie-up will also lead to better capacity utilization of the expanded capacity of the Odisha plant which is expected to be completed by June 2023.
Som Distilleries and Breweries is primarily engaged in brewing, fermentation, bottling, canning and blending of beer and Indian Made Foreign Liquor (IMFL). It also supplies draught beer from its plants.
On a consolidated basis, Som Distilleries & Breweries' net profit rose 148.36% to Rs 15.87 crore on 73.23% increase in net sales to Rs 252.57 crore in Q4 March 2023 over Q4 March 2022.
In the March 2023 quarter, renowned investor Dolly Khanna added Som Distilleries & Breweries to her stock portfolio. As of the end of March 2023, Khanna's holding in the company was equivalent to 953,603 shares, or 1.29%. Notably, Khanna was not among the shareholders of Som Distilleries in the previous quarter ended December 2022.
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