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Earnings

Expect to clock Rs 500 crore revenue mark in FY19, says Som Distilleries

Updated : May 02, 2018 12:42:02 IST

Som Distilleries and Breweries was buzzing in trade this morning as it was up more than 3% after reporting a strong Q4.

JK Arora, Chairman of the company, said the firm's margins were continuously improving.

"We expect Rs 100 core revenue from Karnataka plant and also expect to clock Rs 500 crore revenue mark in financial year 2018-19," he said.

On promoter stake front, he said, “There is some guideline of Sebi which we are working on and after that we intend to take our holding much more than our present holding. We have an intention to take it to 50 percent."

 
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