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Jagatjit Industries expands its premium offering with Royal Pride whisky, ET Retail

New Delhi: Jagatjit Industries Limited (JIL), has expanded its portfolio with the launch of Royal Pride whisky in the premium segment, the company said in a media release on Tuesday.

Positioned in the premium segment, it will cater to a wide range of preferences and budgets with three stock-keeping units (SKUs).

Roshini Sanah Jaiswal, promoter and executive director of the company said that it has been introduced in Delhi and will sell through retail outlets and fine dining establishments across this market. Gradually, the firm will expand its presence across the country.

Currently, JIL has a presence in 20 states across India, such as Punjab, Delhi, Rajasthan, Assam, West Bengal, Andhra Pradesh, Telangana, and Maharashtra.

Also, it has diverse business verticals, including Indian Made Foreign Liquor (IMFL)/Country Liquor (CL), Malted Milk Food, and Malt Extract (producing Boost for Hindustan Unilever Limited under a contract), distillery operations for producing Extra Neutral Alcohol (ENA) used in alcoholic beverages, and commercial real estate development.

Sharing the financials of the last quarter, the company said it has seen a growth of 42.42 per cent in the total revenue at Rs 181.17 crore in Q1 (June quarter) FY24 against the total revenue of Rs 127.21 crore in the same period of last fiscal.

Its quarterly net profit in June 2023 stood at Rs 2.64 crore as against the net loss of Rs 4.40 crore reported in June 2022, it said in a statement.

  • Published On Nov 7, 2023 at 05:34 PM IST

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