Emperador Q2 earnings up 19%

Listed brandy and whisky conglomerate Emperador Inc. reported double-digit growth in its earnings for the second quarter on Tuesday as the company saw improvements in its Asian, European, and Latin American markets.

In a regulatory filing, Emperador said net profit to owners climbed 19% to P2.1 billion, as revenues for the quarter grew by 18.3% to P15.5 billion. This brought the first-half net profit to owners to P3.8 billion.

Emperador said the latest figures indicate that consumer confidence is returning globally, as its whisky segment performed better than the industry in several markets, while its single malt portfolio is among the top 15 single malts by volume.

“The fundamentals of the company are intact, and its long-term trajectory is still on track. Once global economies improve and consumer demand for premium and luxury products returns, our performance will see new heights,” Emperador president Winston Co said.

Emperador said its Dalmore distillery is being expanded to double the current capacity, which is set to be completed by the end of 2024. It is also expanding its warehouses to accommodate the aging of liquids from the expanded distillery.

Emperador’s units and partners include United Kingdom-based Whyte and Mackay Group Ltd., Bodegas Fundador S.L.U. in Spain, and Mexican brandy and wine manufacturer Domecq Bodega Las Copal S.L.

Its brands include Emperador Brandy, Emperador Light, Andy Player Whisky, The BaR, Smirnoff Mule, The Dalmore Single Highland Malt Scotch Whisky, Whyte & Mackay Blended Scotch Whisky, Terry Centenario, Tres Cepas, and Harveys. — VBL, GMA Integrated News