Kathmandu: Chaudhary Group’s CG Brewery Nepal has recorded a business turnover of Rs 2.21 billion in the first nine months of the current fiscal year, marking a 16 percent increase compared to the same period last year.
Based on this performance, the company projects its annual revenue to reach Rs 2.95 billion by the end of the fiscal year. However, with the fourth quarter typically being the peak season for beer sales, the final revenue is expected to exceed projections.
The company’s sales data shows a monthly average of Rs 24.57 crore and a daily average of Rs 81 lakh in beer sales over the nine-month period.
CG Brewery Nepal, which produces popular beer brands like Nepal Ice and Mustang, has seen fluctuating revenues in recent years: 2024: Rs 2.66 billion (13 percent decline from 2023), 2023: Rs 3.05 billion, 2022: Rs 4.54 billion (highest recorded), and 2021: Rs 3.91 billion.
The current year’s growth indicates a recovery, potentially bringing the company back to 2023 levels.
After two years of negative profit margins, CG Brewery has returned to operational profitability this fiscal year. The company had a 20.5 percent profit margin in 2021, which dropped to 11.8 percent in 2022 before turning negative in subsequent years.
In 2024, 74 percent of the company’s revenue came from Nepal Ice and Mustang Premium, slightly down from 76 percent in 2023.
Established in 1993, CG Brewery Nepal has an annual production capacity of 585,000 hectolitres of beer. The company markets its products under brands like Nepal Ice, Real Gold, and Mustang, and exports to Hong Kong, Japan, the UK, the USA, and Australia.
The brewery is owned by CG Foods, an FMCG unit of Chaudhary Group (CG). Its manufacturing plant is located in Nawalparasi, where brewing and bottling operations take place. The company imports malt from Europe and India, while sourcing rice flakes and sugar domestically.
With a nationwide network of 300 dealers and 53,000 retail outlets, CG Brewery has also sought a short-term loan rating of Rs 1.6 billion to support its operations.
The company’s improved performance this fiscal year signals a strong recovery, positioning it for sustained growth in Nepal’s competitive beer market.
Comment Here