Shares of Som Distilleries & Breweries Ltd saw a boost after the company announced plans to invest ₹600 crore in a new manufacturing facility in Uttar Pradesh. The stock surged by up to 3% in early trading before settling lower later in the day.
Stock Performance
- Som Distilleries’ stock touched a high of ₹114.25, rising 2.51% in early trade.
- However, it later dipped to ₹107.85, 3.23% lower than its previous close of ₹111.45.
- Over the past year, the stock has delivered a 0.4% return, outperforming the Nifty Index.
What’s Behind the Surge?
The jump in stock price came after Woodpecker Greenagri Nutrients Pvt Ltd, a subsidiary of Som Distilleries, announced a major greenfield project in Khimsepur, Farrukhabad, Uttar Pradesh. The facility will include a brewery, distillery, and other production units and will be built on 40 acres of land allocated by the Uttar Pradesh State Industrial Development Authority (UPSIDA). Construction will begin after securing necessary approvals from the U.P. government.
Strong Financial Growth
Som Distilleries reported solid financials in Q3FY25:
- Revenue: ₹301 crore (up 13.15% YoY from ₹266 crore in Q3FY24).
- Quarterly Growth: Up 3.79% from ₹290 crore in Q2FY25.
- Net Profit: ₹22 crore (up 22.22% YoY from ₹18 crore in Q3FY24).
- Quarterly Profit Growth: Up 15.78% from ₹19 crore in Q2FY25.
Popular Brands & Sales Performance
Som Distilleries is known for brands like Hunter Beer, Woodpecker Wheat Beer, and Black Fort. In Q3FY25, the company sold:
- 23.4 lakh cases of Power Cool Beer.
- 9.5 lakh cases of Hunter Beer.
- 3.7 lakh cases of Black Fort.
Investor Interest
Prominent investor Dolly Khanna holds a 1.39% stake in the company as of December 2024, slightly reducing her position from 1.45% in September 2024.
About Som Distilleries
Founded in 1993, Som Distilleries & Breweries Ltd is a major player in India’s alcoholic beverage industry, manufacturing beer and Indian Made Foreign Liquor (IMFL). The company has a production capacity of 23 million cases per year and operates under a B2C model, focusing on brewing, bottling, and distribution across India.
This latest expansion in Uttar Pradesh marks a major growth step for the company, reflecting confidence in the region’s booming alcoholic beverage market.
