Emperador Inc., the liquor unit of tycoon Andrew Tan, reported a net income of P5.2 billion in the first nine months of the year, up 18 percent year-on-year, boosted by international expansion.
Emperador said in a disclosure to the stock exchange revenues from January to September this year rose 11 percent to P30.5 billion.
Emperador said higher margins contributed to a faster earnings growth than revenue expansion.
“Our performance is brought about by the sustained growth in international expansion. The premium Scotch whiskey business continues to show robust growth led by The Dalmore single malt whiskey and innovations,” Emperador president Winston Co said.
He said the company’s brandy business also continued to perform well with greater penetration into North and Latin America.
“We are organically global. Our products are available in more than 100 countries and more than 350 cities in the world. Emperador brandy is now sold in the USA like New York, Chicago, LA, San Francisco, Hawaii, and Las Vegas,” Co said.
He said the company by early next year would start the export of Emperador Hotshot, a cinnamon brandy, to the US market to capitalize on the growing popularity of cinnamon whiskey.
Emperador Spain managing director Jorge Domecq said the company had fortified its brandy portfolio to sustain its No.1 position in Spain, Mexico, Colombia, and the Philippines.
“We have introduced a super-premium Brandy de Jerez in Fundador Supremo through travel retail channel in Europe and Asia like Hong Kong, Beijing, Shanghai, Korea, etc. The Fundador Supremo is now available in the Philippines with the 18-year-old Oloroso Sherry Cask retailing at P12,800 a bottle,” Domecq said.
Co said the company in the domestic front was focused on reinventing the local liquor space to boost profitability.
Emperador recently introduced The BaR Gin, infused with imported botanicals sourced from the gardens of Andalusia, Spain.