Emperador’s Q1 net income up 43% at P2.1B on strong international performance

Emperador Inc. – the largest global brandy company owning the world’s iconic and best-selling brandy Emperador Brandy – saw net income to owners grow by 43% year-on-year to P2.1 billion in the first quarter of 2021, while revenues rose by 13% to P12.1 billion.

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 constantly been able to navigate through the ongoing challenges brought about by the pandemic.

The first quarter of 2021 saw a continued robust performance of Emperador’s global business. Sales in most markets are returning. Leading the growth are the Americas, UK and the rest of Europe, and Asia, particularly China.

Emperador Inc. president Winston Co said, “Our business is growing on multiple levels. We are happy to report a record first-quarter income of P2.1 billion, coming from a record year in 2020. Both brandy and whisky segments have seen continuous robust growth. The current environment has shifted consumer behavior differently in various markets. The company has managed to adapt and grow with consumer and economic movements. We are optimistic that the gains we have achieved will lead the company to a new phase of growth. We expect the situation to improve and return to some level of normalcy towards the end of the year.”

Emperador Inc., which owns the multi-awarded Fundador Spanish Brandy de Jerez and is the world’s fifth largest Scotch whisky producer, has been touted as Distiller of the Year at the Icons of Whisky Scotland 2021. Emperador brandy and whisky products are available in more than 100 countries and the company is a publicly listed company at the Philippine Stock Exchange.