By James A. Loyola
Emperador, Inc., the world’s largest brandy company, reported a 5 percent improvement in recurring net profit to ₱7 billion last year on the back of a 10 percent growth in revenues to ₱51.6 billion. The firm did not disclose its registered net income (including non-recurring items) in its disclosure to the Philippine Stock Exchange.
“Last year’s stellar performance is a continued testament to our premiumization and globalization strategy for our renowned brandy and whisky products ranging from mainstream to luxury sold in over 100 countries,” said Emperador President Winston Co.
He noted that, “2019 was another excellent year for the Scotch whisky segment with the business again growing in every major region of the world. Asia remained a strong driver of growth supported by great results across Europe and North America.”
Meanwhile, Co said 2019 for the brandy business was a year of accolades garnering 27 awards led by Fundador. Fundador Brandy last year continued to expand around the world especially in the UK and Asia.
For local brandy, Co said, “Emperador brandy remained at the helm of local liquor across the country particularly in key Metro cities, while we strategically engaged in product innovations in response to the ever-changing consumer taste and preference.”