Som Distilleries & Breweries Ltd

Q1 FY26Beverages

Som Distilleries & Breweries Q1 FY26 Results Summary

Q1 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹74

Market cap₹1.5K Cr

Updated23 Aug 2026

Read4 min read

The short version

The company expects a revenue growth of around 15% to 17% for the current year, revised from earlier 20-22% guidance. Management expects FY26 revenue growth of around 15%–17%, revised down from initial 20%–22% guidance due to Q1 slowdown (Pages 4, 16).

From Som Distilleries & Breweries Ltd's Q1 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

The company expects a revenue growth of around 15% to 17% for the current year, revised from earlier 20-22% guidance. (Page 16)
Q1 showed only ~3% growth; recovery expected in coming quarters with renewed focus on IMFL portfolio. (Page 16, Page 4)
The UP plant, with 1 crore cases capacity, launching in first half of FY26-27, presents a big growth opportunity. (Pages 7-8, Page 4)
The UP market size is large (~35 million cases) and growing due to policy changes, offering potential to increase volumes. (Page 7)
New markets such as Telangana and north India are untapped and represent significant growth potential. (Page 9)
Innovation and premiumization (e.g., Mahavat whisky, Woodpecker premium beer) are key growth drivers. (Pages 5, 10)
Volume recovery expected post-excise rollback and favorable seasonal conditions. (Page 3, 16)

Profitability & Margins

Management expects FY26 revenue growth of around 15%–17%, revised down from initial 20%–22% guidance due to Q1 slowdown (Pages 4, 16).
Confidence expressed in maintaining or improving EBITDA margins compared to last year (Page 16).
Q2 FY26 anticipated to show improvement, particularly with better performance in Karnataka (Page 17).
UP plant commissioning expected first half of FY26–27, projected to be a major growth driver with 1 crore case capacity adding significant volumes (Pages 7, 16).
Long-term outlook highly positive; management describes next 3-4 years as "pretty exciting" with significant growth potential from new markets and premiumisation (Page 13).
Focus on innovation, deeper market penetration, and portfolio premiumization to drive sustained earnings growth (Pages 3, 4).
Moderate temporary challenges from excise duty changes and unseasonal rains expected to normalize in coming quarters, aiding recovery in earnings (Pages 3, 11, 16).

See what Som Distilleries & Breweries Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

SOM Distilleries & Breweries is executing a Rs. 370 crore Capex for their UP plant, with Rs. 55 crore already spent.
The UP plant's Phase-I includes a beer capacity of 1 crore cases per annum, expected to be commissioned in the first half of FY2026-27.
Phase-II will include a bottling plant for IMFL and a distillery.
No additional debt has been taken for this Capex; it is funded through internal accruals.
Strategic focus includes innovation, deeper market penetration, and portfolio premiumization.
The company is expanding its footprint in new markets, including plans for Odisha by October-November.
There are ongoing efforts to enhance premium brand presence such as Woodpecker and developing new products like Mahavat and upcoming premium IMFL offerings.

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Ranked on what management guided this quarter

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2Fratelli Vineyards Ltd₹565 Cr

Rev 2Mar 3

3₹17.7K Cr

Rev 3Mar 1

4₹12.9K Cr

Rev 3Mar 1

5₹33.2K Cr

Rev 3Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

No additional debt has been taken for the UP plant; the investment has been made entirely through internal accruals.
The current increase in debt is temporary, mainly due to higher cash credit utilization, and is expected to normalize in the coming quarters.
Promoters plan to increase their stake from the current 40% to about 50%-51%, but there is a two-day restriction currently preventing further purchases.
There is no mention of any immediate plans for new equity fundraising in the provided transcript.
Overall, no new fundraising through debt or equity has been indicated at present or in the near future.

See what Som Distilleries & Breweries Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript does not explicitly mention the current or expected order book or pending orders for SOM Distilleries & Breweries Limited. However, relevant insights related to business outlook and growth opportunities include: - UP plant Phase-I expected commissioning in first half of FY26-27 with 1 crore cases beer capacity. - Expansion into new markets like Uttar Pradesh, Tamil Nadu, and Delhi is a key focus. - New product launches including Mahavat whisky and premium beers like Woodpecker targeted for market penetration. - Continued innovation and premiumization strategies to drive growth. - Targets revenue growth of around 15%-17% for the current year, expecting Rs. 1,650 - 1,700 crore revenue. - Planning gradual rollout of new brands and strengthening distribution channels. No direct mention of order book or pending orders was made in the provided pages.

Som Distilleries & Breweries Ltd — Quarterly revenue & net profit

Revenue Net profit

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Reported quarterly figures (₹ Cr). Latest: revenue ₹251 Cr, net profit ₹5 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Som Distilleries & Breweries Ltd's management said in earlier quarters

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Frequently Asked Questions

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Som Distilleries & Breweries Ltd currently shows a neutral. The stock trades at a P/E of N/A with a market cap of ₹1,543 Cr. Investors should review the full earnings analysis for detailed insights.

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SOM Distilleries & Breweries is executing a Rs.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.