"We are proud to announce our overwhelming growth in the beer industry of Madhya Pradesh solidifying our position as the unrivalled leader in the industry with a market share of nearly 42% in the month of May 2023. We have successfully surpassed all competitors, establishing itself as the go-to brand for beer enthusiasts,” the company stated in a regulatory filing made during market hours today.

Som Distilleries and Breweries is primarily engaged in brewing, fermentation, bottling, canning and blending of beer and Indian Made Foreign Liquor (IMFL). It also supplies draught beer from its plants.

On a consolidated basis, Som Distilleries & Breweries' net profit rose 148.36% to Rs 15.87 crore on 73.23% increase in net sales to Rs 252.57 crore in Q4 March 2023 over Q4 March 2022.

The scrip surged 4.62% to hit the day's high at Rs 242.40, which is also a 52-week high for the counter.