International Breweries’ Big Comeback: 88% Revenue Surge

International Breweries Plc just delivered one of the biggest revenue jumps on the NGX — an eye-popping +88% YoY growth, pushing topline to ₦488.96bn for FY 2024.

How did they pull it off? Smarter distribution, customer-focused innovations, and tight execution in a tough economy.

Here’s the fast breakdown

1️⃣ The Big Numbers (FY 2024 Snapshot)

Revenue → ₦488.96bn (+88%)

Gross Profit → ₦131.35bn (+52%)

Marketing Spend → ₦76.74bn (big push behind growth)

Rights Issue → Strengthened capital base, cleared USD loan

Translation: They spent heavily, but the payoff showed up in revenues.

2️⃣ What Management Is Saying

Chairman, Igwe Nnaemeka Achebe → Praised resilience despite economic headwinds.

MD, Carlos Coutiño → Efficiency + innovation = growth engine.

FD, Chinyere Ezeugwu → Rights issue boosted balance sheet, reduced FX pressure.

3️⃣ The Winners

Shareholders → Stronger balance sheet + transparency = renewed confidence.

Consumers → More distribution reach = wider availability, competitive pricing.

Investors betting long-term → Sustainability + social investment = brand loyalty + steady demand.

4️⃣ The Losers

Short-term margin chasers → Rising marketing costs dented profit growth.

Competitors (NB, Guinness) → Facing a stronger, leaner rival in the beer wars.

FX lenders → Loan exit means less future income from IBPLC debt.

5️⃣ Why It Matters (Investor Angle )

Rights issue cleared FX loan = lower risk.

Aggressive marketing shows management is playing offense in a tight economy.

At current growth pace, IBPLC could re-rate higher on the NGX as profitability stabilises.

✅ Investor Takeaway: International Breweries just reminded the market that it’s not just a survival story — it’s a potential turnaround play. For investors, the 88% revenue surge signals a company willing to spend now to win big later.

Anonymous

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International Breweries’ Big Comeback: 88% Revenue Surge

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