Sales volume grew by 17.8% to 13.2 Cr. Cases in Q4 CY2022 due to strong international performance along with increased realizations primarily due to price hikes in select SKUs, rationalized discounts/incentives, and improvement in the mix of smaller SKUs (250ml) especially the energy drink - Sting which has a higher net realization. Sting is now 9.6% of total sales volumes in India
There was an EBITDA loss of Rs. 62 crore due to low capacity utilisation in Germany and North America. Total capacity at 7.5 million tonnes per annum which is operating at ~50% (old plant at 70% and new at 30%). The company expects performance to improve Q4FY23 and get better in FY24.
Revenue has increased QoQ (3.96%) but revenue on YoY has reduced marginally 1.74%. Increase in the revenue QoQ came from advertisement revenue which has increased by 5% and subscription revenue has increased by 9%.