GLOBUSSPR
Globus Spirits share price & financials
- Price
- ₹889.6
- Market cap
- ₹2.5k Cr
- Sector
- Fast Moving Consumer Goods
- Calls analysed
- 7
Globus Spirits Limited Q1 FY27
What went well
- Revenue from operations grew 13% year-on-year to INR 7,888 million (₹788.8 crores).
- EBITDA grew 33% year-on-year to INR 795 million (₹79.5 crores), with EBITDA margins improving to 10%.
- Profit After Tax (PAT) grew 49% year-on-year to INR 276 million (₹27.6 crores), with PAT margins improving to 4%.
What to watch
- EBITDA for the Prestige & Above (P&A) segment was negative INR 13 million (₹1.3 crores).
- Cost-push from glass prices is in double digits, ranging from 10% to 17% depending on the brand and pack.
What Globus Spirits Limited does
Globus Spirits is an integrated Indian alcoholic-beverage (alcobev) company built on a 'Grain to Glass' model, operating manufacturing facilities across Rajasthan, West Bengal, Haryana, Bihar, Jharkhand and Uttar Pradesh. It distills Extra Neutral Alcohol (ENA), ethanol and rectified spirit from grain feedstocks (broken rice, maize, surplus rice), selling a portion in bulk to oil marketing companies and other alcobev players and via contract bottling. It also owns and markets its own branded spirits across three tiers -- Regular & Others (mass-market, high-volume), Prestige & Above (premiumising), and Luxury (craft whisky, gin, vodka, tequila) -- distributed through its own state-wise distribution network, and has a beer joint venture, Globus Ansa, with ANSA McAL.
Segments
- Consumer - Regular & Others (R&O)
- Consumer - Prestige & Above (P&A)
- Manufacturing
- Manufacturing facilities (distilleries)
- 6, across Rajasthan, West Bengal, Haryana, Bihar, Jharkhand and Uttar Pradesh
- Installed distillation capacity
- ~334 million litres per annum
- Installed bottling capacity
- ~30 million cases per annum
- Brands in portfolio
- 38
- Millionaire brands (over 1 million cases sold)
- 3
- Prestige & Above distribution footprint
- 7 states
Guidance record · Q1 FY27
what the last two calls moved 18 tracked 4 delivered 3 missed 11 open- Capex Commissioning delivered said Q3 FY25 Promised: Commissioning expected in Q2 FY26. Q1 FY27: Promise was achieved in Q4 FY26. No new updates.
- Net Debt missed said Q3 FY25 Promised: Becoming a net zero-debt company in the next two years. Q1 FY27: Net debt reported at INR 650 crores. The original promise remains abandoned.
- Net Debt to EBITDA at risk said Q3 FY26 Promised: A ratio of 2 or less. Q1 FY27: Net debt increased to INR 650 crores. The company has not reported the Net Debt/EBITDA ratio, and the absolute debt level is not decreasing. The target remains at risk.
All 18 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 12.7%, net profit up 44.4% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 638 | 602 | 655 | 700 | 661 +4% | 717 +19% | 632 −4% | 789 +13% |
| EBITDA | 30 | 34 | 39 | 57 | 59 +97% | 75 +121% | 67 +72% | 78 +37% |
| Net profit | 1 | 0 | 5 | 18 | 22 +2100% | 30 | 21 +320% | 26 +44% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −19.2% 1Y
1Y: ₹1,038.8 on 10 Sept 2025 → ₹839.75. High ₹1,193.3 (14 Nov 2025), low ₹802.55 (30 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- −1.6%
- 20 Jul
- Q4 FY26
- −11.5%
- 8 May
- Q3 FY26
- −1.2%
- 13 Jan
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 8.7% a year over 3 years, FY23 to FY26. Operating margin narrowed to 9.5%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹2.1k Cr | ₹2.4k Cr | ₹2.5k Cr | ₹2.7k Cr |
| Operating profit | ₹246 Cr | ₹170 Cr | ₹151 Cr | ₹258 Cr |
| Operating margin | 11.7% | 7.0% | 6.0% | 9.5% |
| Interest | ₹17 Cr | ₹26 Cr | ₹45 Cr | ₹58 Cr |
| Depreciation | ₹56 Cr | ₹66 Cr | ₹82 Cr | ₹91 Cr |
| Net profit | ₹122 Cr | ₹96 Cr | ₹21 Cr | ₹91 Cr |
| Net margin | 5.8% | 4.0% | 0.8% | 3.4% |
| Cash from operations | ₹102 Cr | ₹168 Cr | ₹67 Cr | ₹268 Cr |
| Free cash flow | ₹-104 Cr | ₹-7 Cr | ₹-141 Cr | ₹70 Cr |
| ROCE | — | 9.0% | 6.0% | 11.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹29 Cr | ₹29 Cr | ₹29 Cr | ₹29 Cr | ₹29 Cr | ₹29 Cr |
| Reserves | ₹557 Cr | ₹744 Cr | ₹858 Cr | ₹943 Cr | ₹1.0k Cr | ₹1.1k Cr |
| Borrowings | ₹187 Cr | ₹180 Cr | ₹291 Cr | ₹329 Cr | ₹467 Cr | ₹527 Cr |
| Other liabilities | ₹221 Cr | ₹285 Cr | ₹413 Cr | ₹465 Cr | ₹674 Cr | ₹630 Cr |
| Total liabilities | ₹993 Cr | ₹1.2k Cr | ₹1.6k Cr | ₹1.8k Cr | ₹2.2k Cr | ₹2.2k Cr |
| Fixed assets | ₹579 Cr | ₹670 Cr | ₹826 Cr | ₹957 Cr | ₹1.0k Cr | ₹1.2k Cr |
| Capital work in progress | ₹48 Cr | ₹98 Cr | ₹99 Cr | ₹90 Cr | ₹206 Cr | ₹37 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹10 Cr | ₹6 Cr |
| Other assets | ₹366 Cr | ₹470 Cr | ₹665 Cr | ₹719 Cr | ₹912 Cr | ₹956 Cr |
| Total assets | ₹993 Cr | ₹1.2k Cr | ₹1.6k Cr | ₹1.8k Cr | ₹2.2k Cr | ₹2.2k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
All earnings calls (6)
Read the Q1 FY27 call →Learn to analyse Globus Spirits Limited
Guides on how to read this kind of business and the numbers that matter.