| % Change | Shaw Wallace* | % Change | Radico Khaitan | % Change | | Q1FY05 |
| Income | 298.98 | 16.23 | 31.78 | 16.62 | 85.22 | 7.81 |
| Operating profit | 20.26 | 4.81 | 13.17 | 55.12 | 14.87 | 31.94 |
| Net profit | 5.48 | 32.69 | 0.38 | 31.03 | 8.51 | 56.43 |
| EPS | 1.06 | 32.50 | 0.38 | 33.33 | 4.41 | 56.38 |
| FY04 |
| Income | 1172.37 | 15.36 | 970.51 | -30.87 | 306.6 | 13.21 |
| Net profit | 21.72 | 85.80 | 175.00 | 1726.00** | 25.68 | 38.29 |
| EPS | 4.08 | 75.86 | 33.19 | - | 13.31 | 22.67 |
| P/E | | - | | - | | - |
| M-cap | 344.20 | - | 588.00 | - | 307.96 | - |
* Q1 figures for McDowell and Shaw Wallace are standalone (the two companies derive their liqour revenues from other associates and subsidiaries whose numbers are not available for the quarter).
** The company posted a loss of Rs 10.74 crore in FY03. |
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| The following companies look best placed to benefit: |
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| McDowell & Co: The UB Group company needs no introduction. Vijay Mallya's flagship firm commands the highest marketshare of above 30 per cent in the spirits division. |
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| McDowell & Co has a portfolio of 53 brands including Bagpiper, Blue Riband and Romanov besides the McDowell portfolio. The company is the largest liquor exporter and has a strong presence in the Middle East, the Far East, Africa and Australia. |
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| McDowell & Co posted a healthy growth in its net profit for the first quarter of FY05 - an increase of 32.69 per cent to Rs 5.48 crore. Net sales, too, recorded an increase of 16.23 per cent to Rs 298.98 crore. For FY04, the company's profit rose 1.23 per cent to Rs 21.35 crore while net sales increased 11.59 per cent to Rs 1115.42 crore. McDowell & Co has a market cap of Rs 344.20 crore and currently quotes at a P/E of 15.9 times. |
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| Shaw Wallace: Shaw Wallace Distilleries, an arm of Shaw Wallace, has a total capacity of 25 million cases per annum, of which 15 million cases are manufactured at its own units, while the remaining 10 million cases are outsourced. |
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| It's flagship brand, Royal Challenge, became the first premium whisky brand in India to clock sales of one million cases in FY04. The company also plans to reduce the number of its brands to 20 from 80. |
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| Shaw Wallace has re-launched many of its old products like Antiquity, Royal Challenge, Director's Special (DSP), DSP Black, Old Tavern Whisky, White Mischief vodka and London Lime gin. It has a presence in markets like the US, Latin America, the Middle East, Korea, Mongolia and Singapore. |
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| For Q1FY05, it reported a 31.03 per cent rise in net profit to Rs 0.38 crore while it cut down staff costs (down 19 per cent to Rs 1.84 crore) and other expenses (on a standalone basis). Sales (net of excise) posted a growth of 16.62 per cent to Rs 31.78 crore. |
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| For FY04, it posted a loss of Rs 17.19 crore against a profit of Rs 0.27 crore in the previous year while net sales fell 26.98 per cent to Rs 124.60 crore. |
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| The consolidated earnings for Shaw Wallace for FY04 stood at Rs 174.61 crore against a loss of Rs 10.74 crore in the previous year mainly due to a rise in interest income to Rs 10.28 crore from Rs 0.47 crore. Revenues fell over 30 per cent to Rs 970.50 crore. The company has a market cap of Rs 588.36 crore. |
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| Radico Khaitan: The company recently set up a bottling unit in Rajasthan with a production capacity of 15 lakh cases per year. It has also bought a bottling plant in Andhra Pradesh with a capacity to bottle one million cases a year. |
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| With this, its liquor production capacity has increased to 10 million cases. Radico Khaitan's main distillery located in Rampur is one of the leading manufacturers of rectified spirit and extra neutral alcohol. The distillery's annual production is expected to touch 45 million litres. |
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| The company owns well-known brands like Special Appointment, 8PM whisky and the Contessa portfolio. Besides, it is one of the major suppliers of country liquor in UP. It exports its products to countries in the Middle East and Africa. |
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| For Q1FY05, Radico Khaitan's net profit jumped 56.25 per cent to Rs 8.5 crore despite a modest 7.8 per cent growth in sales to Rs 85.22 crore, on the back of a fall in selling and distribution expenses (down 7 per cent to Rs 16.02 crore) and other expenses (down 14 per cent to Rs 16.88 crore). |
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| For FY04, the company clocked an increase of 13.47 per cent in net sales to Rs 309.99 crore while net profits grew 38.24 per cent to Rs 25.68 crore. It has a market cap of Rs 307.96 crore and currently quotes at a P/E of 12.1 times. |
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