Strong demand for whisky continued to drive sales at Emperador Inc. although the gains were diluted by inflationary pressure, particularly on brandy.
The Philippine-based global whisky and brandy conglomerate said first-half revenue increased year-on-year by 11 percent to P31 billion, but the inflationary headwinds affecting brandy sales kept recurring profit during the period flat at P4.7 billion from P4.8 billion posted in the year-earlier period.
Emperador said its whisky portfolio, especially single malt, remain the toast of the town in key markets in Asia and the US.
It is expanding the whisky maturation complex at Invergordon Distillery in Scotland to double its footprint to 92 hectares from 45.4 hectares to create space for additional warehouses to be built over the coming decades. Those facilities will eventually house more maturing whiskies that are expected to drive long-term growth.
“Our international business is constantly showing stellar performance driven by the single malt whisky portfolio, which continues to be amongst the fastest growing single malts in the world. And while the brandy segment is facing some headwinds, reinvigorating efforts are in place to ensure long-term growth. After posting banner performances for three consecutive years in 2020, 2021 and 2022, our company believes that 2023 will continue to be a better year,” said Winston Co, president of Emperador, in a statement.
Emperador Inc. is a global spirits conglomerate that owns an iconic brandy portfolio led by Emperador Brandy, the world’s largest-selling brandy by
The company owns Emperador Brandy, the world’s largest-selling brand, and Whyte and Mackay, the world’s fifth largest Scotch whisky producer. It also owns Tamnavulin Speyside Highland Single Malt, the fastest growing single malt in the world in 2021.
Emperador is listed on both the Philippine Stock Exchange and the Singapore Exchange.
