Advertise with fastmoving.co.za
 
 

The growing popularity of brandy and gin helped Distell increase its overall volume of liquor sold by 3.7% during the six months to end-December.
The growing popularity of brandy and gin helped Distell increase its overall volume of liquor sold by 3.7% during the six months to end-December.

Brandy and gin popularity helps Distell serve more drinks

LIQUOR NEWS

By Robert Laing - Feb 23rd 2018, 09:55

The growing popularity of brandy and gin helped Distell increase its overall volume of liquor sold by 3.7% during the six months to end-December. 

The growing popularity of brandy and gin helped Distell increase its overall volume of liquor sold by 3.7% during the six months to end-December.

"Exceptional brandy volume growth continues at 13.7% alongside growth of 21.3% from gin," Distell said in its interim results released on Friday morning.

The group warned that its full-year results were likely to suffer from the Western Cape’s drought driving up grape prices and a stronger rand hurting exports.

"While competition has increased in the local cider market, Distell will increase investment in the renovation of its Hunter’s brand, which remains the world’s second largest cider brand by volume."

Besides Hunter’s, Distell also producers Savanna cider.

"Savanna continues to enjoy global growth and, in the last six months, recorded double-digit volume and revenue growth. Savanna is now available in more than 60 countries," the results statement said.

Distell grew its interim revenue by 9.3% to R13.4bn, and its after-tax profit by 8.6% to R1.2bn.

It maintained its interim dividend at R1.65.

© BusinessLIVE MMXVIII 

Read more about: liquor news | gin | distell | brandy

Related News

Distell waits for tribunal ruling
16/09/2019 - 10:03
Local alcoholic beverages company, Distell Limited, will have to wait for the Competition Tribunal’s decision whether or not global beer brewer Anheuser-Busch (AB) InBev and SABMiller plc (SAB) have breached their merger conditions by striking exclusive deals with outlets.

Distell and AB Inbev square off in booze showdown
13/09/2019 - 10:28
Exclusive branding arrangements with liquor outlets and agreements with sports stadiums took centre stage at Competition Tribunal hearings on Thursday, into Distell's accusation that Anheuser-Busch InBev (AB InBev) is contravening the conditions of its 2016 merger with SABMiller.

Entries now open for the 2nd Sunday Times Lifestyle Gin Awards, in partnership with Makro
13/09/2019 - 08:39
The Awards celebrate the creators and retailers of locally and internationally crafted gins and variants. As with the inaugural competition in 2018, adjudication will take place across both local and international categories.

Distell says rest of Africa offset lower volumes in SA
28/08/2019 - 09:23
Alcoholic drinks company Distell, whose brands include Nederburg wines and Klipdrift brandies, says its rest-of-Africa business made up for lower sales volumes in SA in the year to end-June.

Angola and Zimbabwe operations sap Distell earnings
07/08/2019 - 13:07
Beverages company Distell, whose brands include Nederburg wines and Three Ships Whisky, says earnings fell in the year to end-June as it took a hit on operations in Angola and Zimbabwe.