Amrut Distilleries to raise production capacity in Bengaluru by 30%
₹480 crore. Nikam said this segment of the business is a higher margin one and the company will look to grow this further in the coming years. The capacity expansion will also help increase the production of its popular entry-level whisky, MaQintosh.
The company, an early entrant in the Indian malts business, first began making this category two decades ago in 2004, at a time when the demand for this product was next to zero. “We decided to explore the export market that time primarily in the UK where single malts were popular. Later, in 2010, we started to receive international recognition and awards and began to sell the spirit in India as well," he said.
In the next few years, the company plans to sell its Indian malts across 75 countries. At present, it is available in 57 countries. The premium single malt business, which contributes over 120,000 cases (12 bottles a case) and its premium gins, rums and blended whisky contribute to around 70,000 cases per annum.
On an annualized basis, it expects to close the year with a sale of 5.8 million cases. The export of its Indian malts accounted for 60,000 cases this year. In 2018, the company expanded its capacity from 300,000 litres per annum to 1 million litres with an investment of ₹25 crore excluding the space it purchased in Bengaluru.
In a phased manner, the company will next look to triple its capacity to 3 million cases per annum in the coming years using internal accruals. By FY25, in the first phase of expansion, it will increase the capacity by 30%. This will largely be devoted to Indian malts like premium vatted whisky, Amalgam, and premium rums and gin.
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