Som Distilleries & Breweries Limited (SDBL)

Fast Moving Consumer Goods · Beverages · NSE · Updated 13 August 2026

By StockFin Research Team • AI-Assisted Analysis • Source: BSE/NSE Filings

₹71.5 ↓ 48.87% (1Y)

🎯 Key Takeaways

SDBL is in a strategic transition phase marked by significant operational disruption and capacity expansion, with recent financial performance reflecting temporary setbacks rather than structural decline. The company is actively rebuilding after Bhopal plant suspension, launching new production capabilities in Uttar Pradesh, and repositioning for recovery across key markets.
Revenue declined 2% QoQ to ₹562 in Q3FY25.
⚠️ 1) Persistent operational vulnerability at the Bhopal facility, which remains a key risk to production continuity and revenue stability. 2) High sensi

Market Cap

₹1,819

P/E Ratio

18.0

Div Yield

0.00%

Promoter

0.0%

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📖 The Story

SDBL is in a strategic transition phase marked by significant operational disruption and capacity expansion, with recent financial performance reflecting temporary setbacks rather than structural decline. The company is actively rebuilding after Bhopal plant suspension, launching new production capabilities in Uttar Pradesh, and repositioning for recovery across key markets.

📰 What's Happening

The company faced a severe Q1 FY27 earnings drop (-49% revenue, -79% EBITDA, -96% PAT) due to Bhopal facility disruption, though new Uttar Pradesh manufacturing capacity became operational during the quarter. Management highlighted recovery signs in Karnataka and Odisha while emphasizing MP normalization as critical for broader revival. Board appointments included Jitendra Parihar as Company Secretary and Compliance Officer effective July 25, 2026, enhancing governance oversight. Trading restrictions were imposed on designated persons until 48 hours after Q1 FY26 results approval on August 11, 2026, per SEBI compliance protocols.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Q4FY23	Q1FY24	Q2FY24	Q3FY24	Q4FY24	Q1FY25	Q2FY25	Q3FY25
Revenue	482	759	466	501	739	1,013	573	562
Operating Profit	29	50	28	32	46	65	35	38
OPM %	5.8%	6.4%	5.8%	6.4%	5.7%	6.3%	5.9%	6.5%
Net Profit	16	34	15	18	20	41	19	22
EPS	₹2.17	₹4.44	₹1.89	₹2.32	₹2.57	₹2.08	₹0.96	₹1.10

Revenue has shown volatility, peaking at ₹1,013 crore in Q1 FY25 before declining to ₹562 crore in Q3 FY25, with the most recent quarter (Q1 FY27) reporting a sharp 49% YoY drop to ₹268.8 crore due to operational disruptions. However, this decline is contextualized by management as temporary, with new capacity in Uttar Pradesh now online and recovery expected in existing operational regions. Operating margins remain relatively stable around 6% despite volume fluctuations, indicating cost control during transition, though profitability has significantly compressed due to one-time disruptions and ramp-up costs.

🔮 Management Outlook & What's Next

Management explicitly stated that recovery will be driven by the Karnataka and Odisha market rebounds and the normalization of operations in Madhya Pradesh, with new Uttar Pradesh capacity serving as a catalyst for future growth. They characterized the current earnings decline as a short-term impact of temporary operational issues rather than a sign of underlying business weakness, positioning the company for a phased revival as disruptions resolve and new capacity comes fully online.

Extracted from official company announcements. Not StockFin.ai's opinion.

⚖️ Peer Comparison — Beverages

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
Varun Beverages Limited	1.70 L Cr	64.7	—	—	—
United Spirits Limited	96,061	66.9	—	—	—
Radico Khaitan Limited	46,854	152.2	—	—	—
United Breweries Limited	36,165	85.1	—	—	—
Allied Blenders and Distillers Limited	15,534	68.7	17.2%	13.7%	0.69
Tilaknagar Industries Limited	10,664	58.1	—	—	—
India Glycols Limited	6,832	32.7	—	—	—
Piccadily Agro Industries Limited	5,849	42.6	—	—	—
Globus Spirits Limited	2,626	152.3	—	—	—
GM Breweries Limited	2,023	12.9	—	—	—

🔗 Peer Stock Analyses

VBL UNITDSPR RADICO UBL ABDL

⚠️ Risk Factors

1) Persistent operational vulnerability at the Bhopal facility, which remains a key risk to production continuity and revenue stability. 2) High sensitivity to regional market performance, particularly in Karnataka and Odisha, where recovery is critical but not yet guaranteed. 3) Execution risk associated with scaling new Uttar Pradesh capacity, which requires sustained operational reliability to drive meaningful revenue contribution.

📋 Recent Filings

🧠 Analyst's Read

SDBL is navigating a high-risk turnaround phase where near-term financials are being impacted by strategic investments and operational disruptions, but management's focus on capacity expansion and regional recovery provides a clear, albeit execution-dependent, path forward; investors should monitor sequential improvements in operational metrics and regional performance trends in upcoming quarters.

Based on filing content and financial data. Not a recommendation.

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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-08-13.

Editorial & Data Transparency Notice

This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

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