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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
₹75.06
Market cap
₹1,561 Cr
Revenue (annual)
₹1,229 Cr
Net profit (annual)
₹9.38 Cr
P/E (TTM)
-49.8×Sector 29.0×
Promoter holding
39.44%+0.00% QoQ
FII holding
0.11%Current quarter

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

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19:01 IST NSE
Regulatory Approval

Som Distilleries & Breweries Regulatory Approval

Som Distilleries received manufacturing licences for its Bhopal plant from the Madhya Pradesh Excise Department, plus product label and rate approvals. Manufacturing and sales are expected to resume soon.