Jagatjit Industries Limited (JIL) has broadened its product range by introducing Royal Pride whisky in the high-end market segment, as announced in a press release on Tuesday.
Targeting the premium market segment, this product will accommodate a variety of tastes and budgets through the availability of three different stock-keeping units (SKUs).
Roshini Sanah Jaiswal, the company’s promoter and executive director, mentioned that the product has been launched in Delhi and will be available for purchase at retail stores and upscale dining establishments in this region. The company plans to gradually extend its distribution nationwide.
At present, JIL operates in 20 Indian states, including Punjab, Delhi, Rajasthan, Assam, West Bengal, Andhra Pradesh, Telangana, and Maharashtra.
Additionally, the company is involved in various business sectors, encompassing Indian Made Foreign Liquor (IMFL)/Country Liquor (CL), the production of Malted Milk Food and Malt Extract (manufacturing Boost for Hindustan Unilever Limited through a contract), distillery operations for Extra Neutral Alcohol (ENA) used in alcoholic beverages, and the development of commercial real estate.
The company revealed its financial results for the previous quarter, citing a notable 42.42 percent increase in total revenue, reaching INR 181.17 crore in Q1 (June quarter) FY24, compared to the INR 127.21 crore recorded during the same period in the prior fiscal year.
According to a statement, the company reported a quarterly net profit of INR 2.64 crore in June 2023, in contrast to the net loss of INR 4.40 crore recorded in June 2022.
