Records 26% growth in revenue, 10% in net income
Amid the headwind they encountered during the pandemic, Emperador Inc. saw net income to owners grow by 10% year-on-year to P2.3 billion in the first quarter of 2023, while revenues rose by 26% year-on-year to P15.6 billion.
Emperador Inc. president Winston Co said, “Our business continues to be strong. We are happy to report a record first quarter net income of P2.3 billion, coming from three consecutive banner performances in 2020, 2021 and 2022. Greater China and North America saw continued growth in the first quarter and so did our travel retail business on account of increased air travel. Ultimately, the strength of our business comes from having a compelling whisky and brandy product portfolio. For instance, our single malt whiskies are increasingly becoming more accessible and popular across the globe.”
With Emperador’s global footprint across over 100 countries in six continents, iconic and well-diversified brandy and whisky portfolio, and strong managements all over the world, the company has consistently performed particularly well during the challenging years of 2020-2022.
Emperador Inc. is a global spirits conglomerate that owns an iconic brandy portfolio led by Emperador Brandy, the world’s largest-selling brandy by volume. Emperador Inc. also owns Whyte and Mackay, the world’s fifth largest Scotch whisky producer that owns a compelling single malt portfolio. The company’s Tamnavulin Speyside Highland Single Malt is the fastest growing single malt in the world in 2021. Tamnavulin Single Malt is now available in Asia – in China, Hong Kong, Japan, Korea, Singapore, and the Philippines.
Emperador Inc. is a publicly-listed company at both the Philippine Stock Exchange and the Singapore Exchange.