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Som Distilleries & Breweries Ltd.

BSE: 507514 Sector: Consumer
NSE: SDBL ISIN Code: INE480C01020
BSE 00:00 | 20 May 62.55 -0.15
(-0.24%)
OPEN

62.00

HIGH

63.90

LOW

60.55

NSE 00:00 | 20 May 63.50 0.90
(1.44%)
OPEN

63.15

HIGH

64.30

LOW

61.50

OPEN 62.00
PREVIOUS CLOSE 62.70
VOLUME 19438
52-Week high 74.60
52-Week low 34.98
P/E
Mkt Cap.(Rs cr) 438
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 62.00
CLOSE 62.70
VOLUME 19438
52-Week high 74.60
52-Week low 34.98
P/E
Mkt Cap.(Rs cr) 438
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Som Distilleries & Breweries Ltd. (SDBL) - Chairman Speech

Company chairman speech

Dear Friends and Fellow Shareholders

As I look back at financial year 2020-21 it has been a year of lockdowns and lots ofuncertainty all around us. As the pandemic raged across the world it brought indisruption for each one of us for our families our communities for organizations andeven for countries. The year under review was a difficult period and tested ourresilience.

We are proud to have managed a satisfactory performance during the year despite lossof our peak season due to the pandemic induced nationwide lockdowns and various otherrestrictions that severely impacted our operations in the initial part of the year. Theoperations during the initial months even after the gradual opening of the economy wasdifficult for our business given limited opening of trade channels and various otherstate-wise restrictions.

Given the challenges we adapted quickly to the situations and decided to primarilyfocus on profitable markets and not on relatively newer markets. In addition we alsoundertook various other measures to ensure operational efficiencies across our operations.During the later part of the year when the economic activity started to pick up andrelaxations were being eased our focus was on enhancing our volume sales. This is evidentfrom the sequential improvement in sales volumes each quarter. Our key brands continued togain market share in their respective markets.

During the year our topline stood at Rs. 2901 million compared to 4635 million inFY2020. Due to the pandemic related challenges we reported an EBITDA loss of Rs. 70million during the year. However the encouraging part during the year was our return toprofitability in the last quarter of the year which enabled us to partially offset thelosses incurred especially during the first half of the year.

I am proud of our workforce for their relentless focus and commitment even in the mostchallenging times and as a result of which we returned to profitability. We expect tocontinue the growth momentum going forward. Due to the second wave of the pandemic ouroperations were again impacted in first quarter of FY2022. However unlike last year itwas not completely shut and we were better prepared to manage the situation. Also withthe gradual lifting of lockdowns by states we anticipate quicker recovery going forward.The second wave has led to short term uncertainties but we are confident of strongrecovery in the later part of the year barring any external challenges.

We remain fully committed to achieve near-term goals and our long term growth storyremains intact. Strong brand recall coupled with quality of our brands will driveprofitable growth going forward. We are confident that our products will continue to gainmarket share and delight our customers.

Before I conclude I would also like to thank the members of the Board for theirvision and the experience and creative perspectives they bring to us.

I would like to place on record my great sense of appreciation to our employeesdistributors suppliers and bankers for the continued perseverance and commitment thatthey demonstrate. And last but not least I would like to thank you our shareholdersfor continuing to support us in good times and in difficult ones. Let us hope that thepandemic will be behind us soon. My best wishes to you all!

J.K. Arora

Chairman & Managing Director

.