EMPERADOR Inc., the world’s largest brandy company owning the iconic and world’s best-selling brandy Emperador Brandy, saw earnings to owners grow 18 percent to a record P8 billion last year on the back of sustained growth in revenues amounting to P52.6 billion.
While certain aspects of the business have been affected by the impact of Covid-19, particularly on-trade and global travel retail resulting from lockdowns and dry law implementation, the company said these have been offset by increased sales in off-trade and e-commerce.
Emperador’s international business in 2020 remains strong across all geographies.
Its whisky and brandy businesses continued its growth trajectory in the United Kingdom, Asia, Europe, USA, Netherlands, Sweden and Russia amid the challenges. (PR)