Som Distilleries & Breweries Limited (SDBL) — Financial Results

Investor Takeaways

Revenue of ₹1,233 crores reported for FY26

EBITDA of ₹89.7 crores reported for FY26

Net profit of ₹10.2 crores reported for FY26

⚠️ Gross debt increased to ₹211 crores from ₹168 crores

Overall Tone: Neutral

Key Financial Highlights

Metric	Value	YoY Change
Revenue	₹1,233 Cr	N/A
Net Profit	₹10.2 Cr	N/A
EBITDA	₹89.7 Cr	N/A
EPS	₹1.10	N/A
OPM	6.34%	N/A

What Changed

SDBL reported FY26 revenue of ₹1,233 crores and EBITDA of ₹89.7 crores, with net profit at ₹10.2 crores. Total volume declined 17.7% YoY due to 20% drop in beer volume, partially offset by 32% growth in IMFL. Gross debt rose to ₹211 crores from ₹168 crores, while EBITDA margin guidance for FY27 was set near 10%. Management highlighted UP plant capacity expansion to 15-20 lakh cases and expected revenue contribution of ₹120 crores. The Bhopal plant license renewal is underway, with operations expected to resume within 1-2 weeks. Forward-buying strategies for barley and glass are in place to manage input cost volatility, and premium whisky expansion is underway. FY27 revenue is guided at ₹1,440-1,450 crores.

Peer Comparison

Company	P/E	ROE	ROCE	Market Cap (₹ Cr)
SDBL	18.04	Not available	Not available	1,818.51
HINDUNILVR	36.79	29.38%	27.39%	5,33,874.13
ITC	11.06	50.02%	38.91%	3,87,724.39
NESTLEIND	84.59	81.33%	93.64%	2,75,845.36

SDBL’s P/E ratio of 18.04 is lower than HINDUNILVR (36.79), ITC (11.06), and NESTLEIND (84.59), indicating relatively lower market expectations compared to peers.

Risks & Concerns

No specific risks identified in this filing beyond volume pressure and debt increase.

Management addressed investor concerns over stock performance and credit ratings with commitments to improved governance and transparency.

Quarterly Trend

Quarter	Revenue (₹ Cr)	Net Profit (₹ Cr)	OPM%
Q3FY25	561.96	21.51	6.46%
Q2FY25	573.31	18.7	5.93%
Q1FY25	1,012.71	40.55	6.34%
Q4FY24	738.72	19.99	5.67%

The quarterly trend shows revenue peaked in Q1FY25 at ₹1,012.71 crores, with the highest net profit of ₹40.55 crores, followed by a decline in profitability metrics in subsequent quarters. OPM remained relatively stable between 5.67% and 6.46% across quarters.

📄 View Original Announcement (PDF)

📊 Stock Analysis — SDBL ✨ Ask AI About This