SOM Distilleries & Breweries' Profit up by 18.7%
By Ankur Chandra | Updated at: May 31, 2025 07:30 PM IST
New Delhi | May 30, 2025: SOM Distilleries & Breweries Ltd (NSE: SDBL | BSE: 507514) reported a 19% year-on-year increase in standalone net profit to ₹237 million for the quarter ended March 31, 2025, even as total income declined 12% YoY to ₹3,400 million. The resilient profitability was driven by stronger margins and improved cost management.
Q4 FY25 Financial Highlights (YoY)
| Metric | Q4 FY25 | Q4 FY24 | YoY Change |
|---|---|---|---|
| Revenue | ₹3,400 Mn | ₹3,852 Mn | -11.7% |
| EBITDA | ₹428 Mn | ₹455 Mn | -6.0% |
| EBITDA Margin | 12.6% | 11.8% | +80 bps |
| Net Profit | ₹237 Mn | ₹200 Mn | +18.7% |
| Net Profit Margin | 7.0% | 5.2% | +180 bps |
| Beer Volume | 57 lakh cases | 63.4 lakh cases | -10.4% |
| IMFL Volume | 3 lakh cases | 2.7 lakh cases | +22.2% |
FY25 Performance Snapshot
The company delivered its highest-ever annual revenue of ₹14,474 million, representing a 13% year-over-year increase. The revenue growth was driven by steady volume growth across the beer and IMFL categories. Net profit surged 21% YoY to ₹1,045 million, supported by a 16.5% increase in EBITDA and expanded gross margins.
| Metric | FY25 | FY24 | YoY Change |
|---|---|---|---|
| Revenue | ₹14,474 Mn | ₹12,864 Mn | +12.5% |
| EBITDA | ₹1,807 Mn | ₹1,552 Mn | +16.5% |
| Net Profit | ₹1,045 Mn | ₹865 Mn | +20.8% |
| Total Volume | 246 lakh cases | 224 lakh cases | +9.7% |
Segment-Wise Performance
- Beer: Contributed 95% of total volumes in Q4. However, the share declined 10.4% YoY in volume terms. Full-year beer volume stood at 234 lakh cases, up 9.5%.
- IMFL: Grew 22.2% YoY in Q4 and 14% YoY annually, reaching 11.4 lakh cases in FY25.
- Realisation: Beer realisation was ₹534/case in Q4 vs ₹552/case in Q4 FY24. IMFL realisation improved to ₹991 per case from ₹914 per case.
Brand & Market Highlights
- The Power Cool brand emerged as the second most popular beer in Karnataka.
- The Hunter brand grew volumes by 19.9% YoY in Q4 to 19.9 lakh cases.
- New brand Legend contributed 2.6 lakh cases in Q4.
- SOM strengthened its position in Jharkhand, becoming the second-largest beer company in the state with a 22% market share.
Strategic & Operational Updates
- The company began dispatches from its Karnataka facility to Tamil Nadu.
- Dispatches surged from the Bhopal plant by over 32% in April 2025, highlighting strong seasonal demand and operational efficiency.
- Initiated construction of a ₹600 crore greenfield project in Farrukhabad, Uttar Pradesh, under subsidiary Woodpecker Greenagri Nutrients. The company is now targeting a capacity of over 12 million beer cases annually.
Debt Profile & Liquidity
- Gross debt reduced to ₹1,710 million from ₹1,770 million YoY.
- Net debt declined to ₹1,510 million (from ₹1,640 million), improving net debt/EBITDA to 0.63x from 1.06x.
- Gross debt-equity ratio improved to 0.26x from 0.35x.
Management Commentary
“Our FY25 results reflect continued focus on expansion, innovation, and execution. Volume growth, margin resilience, and geographical expansion into Tamil Nadu and Jharkhand reinforce our long-term vision. The Uttar Pradesh greenfield project is a major step in scaling our market footprint,” said JK Arora, Chairman & Managing Director.
Strategic Outlook
SOM Distilleries is well-positioned to capture greater market share across India, thanks to its capacity increase, footprint expansion into high-consumption states, and strong brand equity. The company aims to focus on increasing IMFL penetration, expanding its brand portfolio, and optimising costs for sustainable growth.
REF: https://nsearchives.nseindia.com/corporate/SDBL_30052025105655_SOM_Q4_FY2025_Earnings_presentation_final.pdf
