Bhopal, 7th October 2024: SOM Distilleries and Breweries Ltd. is pleased to announce the upgradation of their bank loan rating from BBB+ to A-. The new rating has been given by Infomerics Ratings, marking a significant achievement in our financial and operational journey.
This upgraded rating highlights the company’s solid financial health, prudent risk management strategies, and continuous focus on operational excellence. It serves as a testament to the robust performance of SOM Distilleries and Breweries Ltd. and reflects their commitment to delivering value to their stakeholders.
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This upgraded rating not only enhances their market position but also strengthens Som’s ability to pursue future growth opportunities.
Mr. Nakul Sethi, Director Finance & Strategy of SOM Distilleries and Breweries Ltd., stated, “The rating upgrade reflects our strong business fundamentals and the relentless efforts of our entire team. We are confident that our ratings will continue to improve, supported by our strong fundamentals, strategic initiatives, and commitment to innovation. Our focus on enhancing operational efficiency, expanding our market presence, and maintaining robust financial management positions us well for sustainable growth.
“We believe this milestone will enable us to continue meeting the evolving needs of our customers and partners while expanding our footprint in the industry.”, he further added.
The company remains committed to maintaining the highest standards of corporate governance, financial discipline, and operational excellence, ensuring sustainable growth and long-term value creation for all its stakeholders.
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About Som Distilleries and Breweries Ltd
SOM Distilleries & Breweries Limited, headquartered in Bhopal, India, is a prominent manufacturer of alcoholic beverages. The company is listed on the NSE and BSE. SDBL specializes in Manufacturing beer and blending and bottling Indian Made Foreign Liquor (IMFL). Its diverse product portfolio includes beer, rum, brandy, vodka, and whisky, catering to a wide array of consumer preferences. The company boasts three key millionaire beer brands - Hunter, Black Fort, and Power Cool. The company operates three breweries across the key states of Karnataka, Madhya Pradesh, and Odisha and has a combined capacity of 35 million cases.
An advantage for the company is its unique position as the only listed company in India operating in both the beer and IMFL segments. This dual focus mitigates the risk of seasonality and provides marketing efficiencies, allowing the company to address a broad spectrum of consumer preferences and capitalize on opportunities in both segments. By combining beer and IMFL, SOM Distilleries & Breweries Limited aims to drive growth, expand market share, and deliver value to its stakeholders.
