13.May .2021 10:30

Rating: Largest Wine&Spirit Companies In Georgia (2019)

Rating: Largest Wine&Spirit Companies In Georgia (2019)
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Exports of wine and spirits from Georgia in 2020 amounted to 342.5 million USD. Of this, wine exports were 210.3 million USD, down by 5.6% year-on-year, while spirits exports rose by 3.8% to 132.2 million USD. Correspondingly, the sector has overcome the crisis without losses last year.

Large wine companies have made their financial figures public. At this time, the financial results of the companies for 2020 are not known, however, their results for 2019 are publicly published on reportal.ge.

Kakhetian Traditional Winemaking ranks as the first, which revenue exceeds 105 million GEL in 2019, while the net profit totals to 22.6 million GEL. Bolero & Company with sales of 67.5 million GEL occupies 2nd place.

Rating of Largest Wine and Spirits Companies in Georgia

1. Kakhetian Traditional Winemaking – revenue in 2019 - 105,239,812 GEL;
2. Bolero & Company Ltd. - income in 2019 - 67,454,865 GEL;
3. Askaneli brothers - income in 2019 - 63,223,666 GEL;
4. JSC Sarajishvili - income in 2019 - 45,174,622 GEL;
5. JSC Badagoni - Income in 2019 - 42,974,268 GEL;
6. JSC Georgian Beveridge Holding, Teliani Valley Holding Company - Income from wine sales in 2019 -42,150,000 GEL;
7. JSC Telavi Wine Cellar - revenue in 2018 - 38,593,641 GEL;
8. Chateau Mukhrani Group and GWS (JSC Marusia) - Income in 2019 - 36,573,000 GEL;
9. JSC Tbilvino - income in 2019 - 36,369,000 GEL;
10. Khareba Winery Group - income in 2019 - 34,798,579 GEL.