World’s largest brandy company earns P1.66-B in Q1
Liquor firms Emperador Inc., the world’s largest brandy company, said it has earned P1.66 billion during the first quarter of the year, up 11 percent year on year on the back of strong international operations.
As for revenues, the company also saw an 8.5 percent improvement, posting P9.7 billion with with margins relatively stable.
“We are happy that Emperador is off to a good start with good growth coming from international operations — Scotch whisky and Spanish brandy — showing growth momentum moving forward,“ Emperador President Winston Co said in a disclosure to the Philippine Stock Exchange.
During the period, Co said the single malt whisky business continues to enjoy greater demand across all regions globally, while the brandy business continues to geographically expand its reach on the back of greater distribution, visibility and availability.
In the Philippines, on the other hand, the company has strong initiatives to rekindle the domestic brandy business, he added.
“We envision robust and stable international and domestic businesses in the long run,” Co said.
Emperador owns Spanish brandies led by the iconic Fundador as well as Scotch whisky brands led by The Dalmore and Jura single malts. The company also owns Emperador Distillers Inc., Scotch whisky maker Whyte and Mackay Group, and Bodegas Fundador in Spain.