Hot Pursuit     29-Aug-23
Som Distilleries soars on receiving government nod to supply beer in Chhattisgarh
Som Distilleries & Breweries jumped 5.20% to Rs 327.80 after the company announced that its beer brands have received permissions for supply to the state of Chhattisgarh.

The company further informed that it has also commenced the initial dispatches to the state.

“Looking ahead we are confident to building a meaningful market presence in Chhattisgarh in the medium term,” Som Distilleries said in a statement.

Som Distilleries & Breweries (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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