Som Distilleries and Breweries Ltd witnesses phenomenal market share growth in Karnataka

Som Distilleries and Breweries Limited's Market Share in Karnataka Witnesses Phenomenal Growth, Reaching a Historic 20.1% in May 2023. Karnataka, renowned for its dynamic market and discerning consumer base, presents a highly competitive landscape for beverage companies. Despite the challenges, ther brands have consistently gained momentum, capturing the attention and loyalty of consumers throughout the region. This remarkable growth trajectory underscores our dedication to quality, innovation, and consumer-centric strategies.

The fiscal year 2019-2020 marked a pivotal turning point for with a market share of 3.3%, demonstrating the initial impact of the brands in Karnataka. Building on this success, the company continued to expand its presence and engage with consumers, resulting in a market share of 6.9% in the fiscal year 2021-2022. This remarkable growth was a testament to the increasing popularity of the products and the growing trust in the brand.

In the fiscal year 2022-2023, the company experienced a momentous leap in market share, reaching an impressive 13.9%. This achievement highlighted the effectiveness of company's strategic initiatives, including product innovations, robust marketing campaigns, and a strong distribution network. It was a testament to the growing recognition of the brands and the satisfaction of the consumers.

May 2023 witnessed an unprecedented milestone for the company as its market share soared to a historic 20.1% in Karnataka. This remarkable achievement represents company's highest market share to date, symbolizing the trust and loyalty bestowed upon it by the consumers of Karnataka.

Looking ahead, the company is committed to building upon this success and further expanding its presence in the market.

Shares of Som Distilleries & Breweries Limited was last trading in BSE at Rs. 247.20 as compared to the previous close of Rs. 246.75. The total number of shares traded during the day was 64048 in over 1890 trades.

The stock hit an intraday high of Rs. 254.95 and intraday low of 245.25. The net turnover during the day was Rs. 15979909.00.

Source : Equity Bulls

Keywords

SomDistilleriesandBreweries INE480C01020 SDBL MarketShare Increase May2023 Karnataka