Som Distilleries & Breweries Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 14 Jun 2026 | Beverages | Market Cap: ₹1.5K Cr
FY '27 revenue guidance is between INR 1,400 to 1,500 crores, aiming to at least match FY '25 levels (~INR 1,420-1,430 crores). FY '27 revenue guidance is INR 1,400 - 1,500 crores, aiming to at least match FY '25 levels (~INR 1,420 - 1,450 crores), assuming resolution of Bhopal license issue.
From Som Distilleries & Breweries Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹73.7
Market Cap
₹1.5K Cr
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Som Distilleries & Breweries Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹251 Cr, net profit ₹5 Cr.
Full financials →📊 Revenue & Sales Performance
- →FY '27 revenue guidance is between INR 1,400 to 1,500 crores, aiming to at least match FY '25 levels (~INR 1,420-1,430 crores).
- →Growth expected from Bhopal plant resuming operations, with full 9 months factored in.
- →UP greenfield brewery plant expected to commence commercial operations in June '26, contributing 15-20 lakh cases (~INR 120-130 crores revenue) in FY '27, with capacity of 1 crore cases/year and ramp-up over 2-3 years.
- →Karnataka market showing improvement post new excise policy, volume uplift anticipated as prices stabilize.
- →Expansion and market share growth targeted in Tamil Nadu and other new markets.
- →Beer volumes expected to recover after 6-7 months of Bhopal plant operation, regaining lost market share in Madhya Pradesh.
- →Overall volume and revenue growth driven by operational normalization, premiumization, and geographic expansion.
📈 Profitability & Margins
- →FY '27 revenue guidance is INR 1,400 - 1,500 crores, aiming to at least match FY '25 levels (~INR 1,420 - 1,450 crores), assuming resolution of Bhopal license issue.
- →EBITDA margin guidance for FY '27 is close to 10%, with FY '28 outlook pending due to macroeconomic uncertainties and inflationary pressures.
- →Profitability in Q1 FY '27 expected to be better than Q4 FY '26 due to improved utilization at Hassan and Odisha plants and reduced annualized costs.
- →Full recovery of market share in Madhya Pradesh expected within 6-7 months post Bhopal plant resumption.
- →New Uttar Pradesh plant commercial operations starting in June 2026, expected to produce 15-20 lakh cases in FY '27, contributing incremental revenues (~INR 120 crores).
- →Growth expected from market share gains in Karnataka and new market entries like Tamil Nadu.
- →Long-term focus on cost optimizations, operational efficiencies, and premiumization initiatives to drive margin expansion.
🏗️ Capital Expenditure Plans
- →The company is progressing with the greenfield brewery project in Uttar Pradesh through its wholly owned subsidiary, Som Distilleries & Breweries Limited (SDBL).
- →Approximately INR250 crores have been invested towards the development of the UP plant as of FY '26.
- →The UP facility has commenced trial production and is expected to start commercial operations soon, with revenue potential of about 15-20 lakh cases in FY '27.
- →The plant's full capacity is 1 crore cases per annum, with a ramp-up over 2-3 years.
- →Further capex for Phase II of the UP project is anticipated, which may trigger promoter funding/warrants issuance.
- →The company continues investing aggressively in capacity creation but maintains a healthy balance sheet and manageable debt levels.
- →Focus remains on operational efficiencies, cost optimization, and premiumization to mitigate margin pressures and support growth.
💰 Fundraising & Capital Structure
- →No immediate plans for new fundraising through equity or debt mentioned.
- →Nakul Sethi stated that warrants for new money will be issued only as and when required, with a clear end use for the funds.
- →Promoters are interested in increasing their shareholding but funding depends on the company’s requirements.
- →Any promoter capital infusion is likely linked to future phases of the UP project (Phase 2).
- →The company is focused on managing with existing financial resources, maintaining a comfortable gross debt-to-equity ratio of 0.30x as of FY '26.
- →No specific plans to raise funds currently or immediately, but future capital raising will be purpose-driven.
📋 Order Book & Pipeline
- →Nakul Sethi mentioned they have about INR 400 crores of lines already sanctioned.
- →Due to the company's conservative approach, they have not utilized these sanction lines until the Bhopal plant becomes operational.
- →There is no mention of any pending tender participation by the company related to recent court order clarifications.
- →The company is focused on ensuring the Bhopal plant license issue is resolved to commence operations and unlock capital utilization.
- →No specific current orderbook or pending order figures beyond the sanctioned credit lines were discussed in the transcript.
Key Metrics
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What Som Distilleries's management said in earlier quarters
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Frequently Asked Questions
What were Som Distilleries & Breweries Ltd Q4 FY26 results?
FY '27 revenue guidance is between INR 1,400 to 1,500 crores, aiming to at least match FY '25 levels (~INR 1,420-1,430 crores). FY '27 revenue guidance is INR 1,400 - 1,500 crores, aiming to at least match FY '25 levels (~INR 1,420 - 1,450 crores), assuming resolution of Bhopal license issue.
What is Som Distilleries & Breweries Ltd share price analysis?
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.
Is Som Distilleries & Breweries Ltd planning capital expenditure?
The company is progressing with the greenfield brewery project in Uttar Pradesh through its wholly owned subsidiary, Som Distilleries & Breweries Limited (SDBL).
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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.