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Earnings Call

Som Distilleries & Breweries Earnings Call: Key Takeaways

Som Distilleries reports a challenging FY26 with consolidated revenue down 14.8% to ₹1,233cr and PAT at ₹10.2cr, primarily due to temporary license suspension at the Bhopal facility.

Why this was an Alfa AlertNot a filter event. Financials declined YoY and FY27 guidance does not represent a >50% YoY growth beat.
Highlights
Revenue growthFY26 revenue declined 14.8% to ₹1,233 crores.
MarginsMargins impacted by input cost inflation; target 10% EBITDA for FY27.
Demand visibilityImproving trends in Karnataka following excise duty rationalization.
Management confidenceConfident in resolving Bhopal license issue and recovering market share.

Growth

Beer volumes declined 20% to 187.19 lakh cases; however, IMFL volumes grew 32% to 15.03 lakh cases.

Outlook

Guidance for FY27 revenue of ₹1,400-1,500cr and ~10% EBITDA margin; UP brewery commissioning in June 2026.

Risks

Regulatory delays in license renewal at Bhopal; significant inflationary pressures on glass, aluminum, and barley.

Last quarter's promises, checked

Delivered

  • UP Phase 1 completion by June 2026 → On track for June 2026 (= BEAT)
  • Enter Andhra Pradesh market → Entry initiated with tender pending (= BEAT)

Partly delivered

  • IMFL volume growth → grew 32% vs 46% momentum in Q3 (= PARTIAL)

Missed

  • H2 Revenue target ₹800cr → delivered ~₹700cr (Q3 ₹254cr + Q4 ₹450cr est) (= MISS)
  • FY26 Revenue target ₹1,500cr → delivered ₹1,233cr (= MISS)
  • Q4 Sales target ₹450cr → delivered ~₹179cr (implied from FY total) (= MISS)
Source

Earnings Call filed with BSE, NSE: SDBL. Summary written with AI assistance from the document.

Read the document ↗

Som Distilleries & Breweries Ltd: key numbers

Share price
₹74.36
Market cap
₹1,546 Cr
Revenue (annual)
₹1,229 Cr
Net profit (annual)
₹9.38 Cr
P/E (TTM)
-49.3×Sector 29.0×
Promoter holding
39.44%+0.00% QoQ
FII holding
0.18%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from Som Distilleries & Breweries Ltd

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18:21 IST BSE
Legal & Regulatory

Som Distilleries & Breweries Legal & Regulatory

The High Court has ordered the renewal of the excise license for Som Distilleries' manufacturing unit, resolving a dispute regarding the unit's operational suspension.

16:26 IST NSE
Legal & Regulatory

Som Distilleries & Breweries Legal & Regulatory

The MP High Court quashed the order rejecting excise license renewals for Som Distilleries, awarding ₹0.01 Crore in costs. The company will resume Bhopal plant operations.

Value
₹0.01 Cr
16:30 IST BSE
Annual Report

Som Distilleries & Breweries Annual Report

Som Distilleries & Breweries Ltd submitted a revised Annual Report for FY 2025-26, incorporating changes previously issued in a corrigendum to the AGM notice.

15:54 IST BSE
Annual General Meeting

Som Distilleries & Breweries Annual General Meeting

Som Distilleries and Breweries Limited issued a revised notice for its 33rd AGM. The update includes a corrigendum regarding a Rs. 25 Crore preferential warrant issue to promoters.

Value
₹25.00 Cr
Execution
18 months
16:24 IST NSE
Annual General Meeting

Som Distilleries & Breweries Annual General Meeting

The company issued a corrigendum to its AGM notice, providing additional disclosures and corrections requested by stock exchanges regarding a proposed preferential warrant conversion.

15:14 IST BSE
Other Announcement

Som Distilleries & Breweries Other Announcement

SOM Distilleries dispatched letters to physical shareholders holding the FY2025-26 Annual Report and 33rd AGM web-link and QR code. This is a Reg 36(1)(b) communication to those without registered email addresses.