SDBL's total income up by 153% to Rs 29 crore

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SDBL's total income up by 153% to Rs 29 crore

SDBL posts total income up by 153% to Rs 29 crore. SOM Distilleries & Breweries Limited (SDBL), SOM Group is one of the fastest growing groups in brewing Industry. Today announced its financial results for the 1st quarter ended 30th June 2008.

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SDBL registers:

Ø       1878 % growth in cash profit in the First Quarter of FY - 2008-09 as compared to the corresponding previous Quarter

Ø       Profit before Tax is up by 1112 % for the Q1, 2008-09 as compared to the corresponding previous Quarter

Ø       Total Income increases by Rs. 110.06 crores for the same period

SOM Distilleries & Breweries Limited (SDBL), SOM Group is one of the fastest growing groups in brewing Industry. Today announced its financial results for the 1st quarter ended 30^th June 2008. 

Financial Highlights for the quarter ended 30^th June 2008:

Ø       Total income rises by 153% to Rs 29 crore and Net Profit has jumped by 1102% to Rs 2.53 crore for the quarter ended 30^th June, 2008 as compared to corresponding previous quarter.

SOM Distilleries & Breweries Ltd. (SDBL) has continued to outperform this year also in the premium beer segment.   SDBL has delivered a 40% growth in Draught beer sales in Madhya Pradesh led by Hunter. Currently available in the markets of Madhya Pradesh, Chattisgarh, Delhi, Andhra Pradesh, Haryana, Himachal Pradesh, Uttar Pradesh, Jharkhand, Orissa, Pondicherry, Chandigarh and West Bengal. It has a satisfactory consumer base and has the potential to give neck to neck competition to its competitor brands.

Mr. J K Arora, Chairman and Managing Director, SOM Group of Companies said, "We have had another very good quarter of all round growth in terms of operations and financial performance. We are confident of maintaining our profit margins at high levels and launching new projects across several locations in the coming quarters.  SDBL will focus on consistent growth in portfolio and profitability.