Indage Vintners Limited
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BSE Code:
522059
NSE Code:
Business Profile
Business Profile
Champagne Indage (CHAMPINDQ) is engaged in producing and selling wines and liquors in the domestic and international markets. Incorporated as a private limited company in 1985, it was converted into a public limited company in 1987, and got its present name on Dec. 31, 1997. The company is part of the Indage group managed by the Chougule family, aptly known as the first family of wines in modern India. Champagne Vineyards is a group company.
Credited with being India`s largest manufacturer of wine, the company is the only champagne manufacturing company in Asia and the only wine-exporting company in India. It owns more than 40 brands with major brands like Marquise De Pompadour for sparkling white wine, Riviera in the white and red wine segment, Chantilli and Ivy among others. Champagne Indage through its associates controls over 700 acres of land for plantation.
Recent awards include bronze at The International Wine & Spirit Competition, UK for 2007. Seabuckthorn Indage and Thachi Wines are subsidiaries. The company has acquired the wine-making arm of Australian company Tandou and has firmed up plans to acquire Australian Vintage`s Loxton winery. Together with its wineries in India, this acquisition would increase the total production capacity from 32 million liters (3.5 million cases) to 122 million liters (13.5 million cases) per year.
The company has a technical tie-up with Cyprus`s KEO; a joint venture with Wienkelerel Peter Mertes GmbH of Germany; and has signed a memorandum of understanding with Group Taiffan, France and Cranswick Prime Wines, Australia for setting up a joint venture in India. It has strategic tie-ups with leading chain of hotels to promote its brands and exports wines to around 70 countries including USA, Japan, UK, Switzerland, Germany and other European countries.
The registered office is located at Indage House, 82, Dr. Annie Besant Road, Worli, Mumbai-400018.
Financials
On a standalone basis, Champagne Indage registered a 156.23% growth in net profit to Rs 188.23 million for the quarter ended December 2007 from a profit of Rs 73.46 million for the quarter ended December 2006.
Net sales rose 85.4% to Rs 764.05 million for the quarter ended December 2007 from Rs 412.12 million for the quarter ended December 2006.
Total income rose 87.66% to Rs 776.62 million for the quarter ended December 2007 from Rs 413.85 million for the quarter ended December 2006.
The earnings per share (EPS) of the company stood at Rs 13.53 for the quarter ended December 2007.
On a consolidated basis, the company registered a profit of Rs 188.88 million for the quarter ended December 2007.
It recorded a net sales of Rs 882.67 million for the quarter.
Total income was Rs 895.79 million for the quarter ended December 2007.
The earnings per share of the company stood at Rs 13.53 for the quarter ended December 2007.
Recent Developments
22-MAR-08
India`s largest wine maker Champagne Indage made public its plans to acquire Australian Vintage`s Loxton winery in an all cash transaction for 60 million Australian dollars (Rs 2.25 billion). The deal is set to be completed over the next six months. The acquisition of the winery will increase the total production capacity from 32 million liters (3.5 million cases) to 122 million liters (13.5 million cases) per year. Loxton winery, situated in Riverland, South Australia is the fifth largest and modern winery in Australia. It has an annual crushing capacity of over 80,000 tons and an annual capacity of 90 million liters.
The company made a similar Australian acquisition by buying out Thachi wines 12 months back which will earn the company 10 million Australian dollars in revenues and profits of 100,000 Australian dollars within the first year of operations. The Thachi brands include - Broken Earth, Red Skies and South Bay that are being rolled out across the globe including India.