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.

Previous News
  Som Distilleries & Breweries consolidated net profit rises 80.00% in the September 2023 quarter
 ( Results - Announcements 14-Oct-23   07:31 )
  Som Distilleries & Breweries to declare Quarterly Result
 ( Corporate News - 12-Apr-24   17:16 )
  Glaxosmithkline Pharmaceuticals Ltd leads losers in 'A' group
 ( Hot Pursuit - 03-Jun-24   15:00 )
  Som Distilleries rallies as board OKs stock split
 ( Hot Pursuit - 02-Apr-24   15:32 )
  Som Distilleries & Breweries receives permission to supply beer to Telangana state
 ( Corporate News - 27-May-24   09:06 )
  Som Distilleries & Breweries announces board meeting date
 ( Corporate News - 11-Oct-22   19:56 )
  Som Distilleries & Breweries standalone net profit rises 335.29% in the March 2023 quarter
 ( Results - Announcements 27-Apr-23   16:00 )
  Som Distilleries & Breweries to expand capacity of its beer unit in Hassan
 ( Corporate News - 10-Aug-23   10:27 )
  Som Distilleries & Breweries shelves its proposed QIP issue
 ( Corporate News - 09-Oct-23   09:02 )
  Som Distilleries jumps after Q4 PAT rises 18% YoY to Rs 19 cr
 ( Hot Pursuit - 26-Apr-24   10:09 )
  Som Distilleries & Breweries receives permission to sell beer in Rajasthan
 ( Corporate News - 17-Jul-23   11:14 )
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