| Management target | Revenue FY27 |
|---|
| Revenue growth | Severe drop following ₹250 crore revenue loss from MP plant closure. |
|---|---|
| Margins | Margins impacted by excise shifts to Karnataka and Odisha. |
| Demand visibility | Strong rebound in Karnataka and Odisha; MP demand currently unmet. |
| Management confidence | Vulnerable and defensive regarding legal issues but optimistic on UP ramp-up. |
Growth
Karnataka saw 30% volume growth and Odisha 40%; however, consolidated Q1 revenue was just ₹268.8 crores.
Outlook
Management significantly lowered FY27 revenue guidance from ₹1,500 crores to ₹1,000 crores due to regulatory delays.
Risks
Prolonged Bhopal plant closure and legal battles over licenses create massive cash flow uncertainty.
Last quarter's promises, checked
Delivered
- UP plant trial phase → Commercial production June 2026 (= BEAT)
- Gross debt-to-equity ratio → Maintained at 0.30x (= BEAT)
- Hassan/Odisha utilization → Improved Q1 performance (= BEAT)
Partly delivered
- EBITDA margin ~10% → Impacted by negative operating leverage (= PARTIAL)
Missed
- Bhopal license resolution → Remained suspended/sub-judice (= MISS)
- FY27 Revenue ₹1,400-1,500cr → Lowered to ₹1,000cr (= MISS)
- Q1 Revenue stability → ₹250cr loss from MP closure (= MISS)
Earnings Call Transcript filed with NSE, NSE: SDBL. Summary written with AI assistance from 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
All →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.
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.
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- Execution
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The company issued a corrigendum to its AGM notice, providing additional disclosures and corrections requested by stock exchanges regarding a proposed preferential warrant conversion.
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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.