SDBL
Som Distilleries & Breweries share price & financials
- Price
- ₹67.35
- Market cap
- ₹1.5k Cr
- Sector
- Fast Moving Consumer Goods
- Calls analysed
- 6
Som Distilleries & Breweries Limited Q1 FY27
What went well
- Strong rebound in Karnataka and recovery in Odisha, with 30% and 40% increase in cases sold respectively.
- Successful commissioning and commencement of commercial production at the Uttar Pradesh unit, adding approximately 10 million cases of annual beer capacity.
- IMFL realization improved by 3% year-on-year to ₹1,047 per case, reflecting focus on higher-value products.
What to watch
- Q1 FY27 was an extremely difficult quarter due to operational and regulatory disruption in Madhya Pradesh.
- Lost an estimated ₹250-260 crores of revenue due to the closure of the MP plant.
What Som Distilleries & Breweries Limited does
Som Distilleries & Breweries Limited (SDBL), headquartered in Bhopal, Madhya Pradesh, is a leading Indian alcoholic-beverage manufacturer with integrated operations spanning beer production and IMFL (Indian Made Foreign Liquor) blending and bottling. It is the only publicly listed company in India engaged in both beer production and IMFL manufacturing, a dual-segment presence that helps offset seasonal demand swings. The company earns through sale of its own beer and spirits brands manufactured at plants in Madhya Pradesh, Karnataka and Odisha, and is expanding manufacturing into Uttar Pradesh via a greenfield brewery/distillery project under its subsidiary Woodpecker Greenagri.
Segments
- Beer
- IMFL (Indian Made Foreign Liquor)
- Manufacturing plants
- 3 operational breweries/distilleries (Bhopal, Madhya Pradesh; Hassan, Karnataka; and Odisha), plus a new greenfield brewery/distillery under commissioning in Uttar Pradesh via subsidiary Woodpecker Greenagri
- Installed beer capacity
- 38.2 million cases per annum across the Bhopal, Karnataka and Odisha plants
- Installed IMFL capacity
- 3.9 million cases per annum across the Bhopal, Karnataka and Odisha plants
- Uttar Pradesh greenfield plant capacity
- 1 crore (10 million) cases per annum, currently in trial production ahead of commercial launch
- Market position
- One of only two listed beer companies in India, and the only listed Indian company with integrated beer and IMFL manufacturing
- Beer brand portfolio
- Hunter, Black Fort, Power Cool and Woodpecker (India's first twist-cap beer) for the domestic market, plus export-only Legend Extra Strong and Horse's Super Strong
Guidance record · Q1 FY27
what the last two calls moved 17 tracked 1 delivered 5 missed 11 open- UP Greenfield Phase 1 Commissioning delivered said Q1 FY26 Promised: First half of 2026-2027 (August or September 2026) Q1 FY27: Confirmed commercial production started on June 9, 2026.
- FY26 Revenue Growth missed said Q4 FY25 Promised: Conservative level at least 20%, 22% growth Q1 FY27: Promise for FY26, which has concluded. Not discussed.
- FY27 Revenue revised down said Q4 FY26 Promised: INR 1,440-1,450 crores Q1 FY27: Guidance revised down to INR 1,000-1,100 crores due to MP plant disruption.
All 17 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue down 89.3%, net profit down 96.0% 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 | 157 | 155 | 185 | 361 | 164 +4% | 129 −17% | 36 −81% | 39 −89% |
| EBITDA | 15 | 18 | 25 | 59 | 22 +53% | 12 −31% | -45 −279% | 1 −98% |
| Net profit | 7 | 10 | 16 | 38 | 16 +116% | 7 −28% | -37 −333% | 2 −96% |
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 −47.9% 1Y
1Y: ₹134.59 on 10 Sept 2025 → ₹70.07. High ₹140.89 (23 Sept 2025), low ₹62.31 (30 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- +4.0%
- 13 Aug
- Q4 FY26
- +3.0%
- 2 Jun
- Q3 FY26
- +0.4%
- 12 Feb
- Q2 FY26
- +0.1%
- 17 Nov
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 0.2% a year over 3 years, FY23 to FY26. Operating margin narrowed to 7.1%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹686 Cr | ₹733 Cr | ₹794 Cr | ₹690 Cr |
| Operating profit | ₹82 Cr | ₹74 Cr | ₹96 Cr | ₹49 Cr |
| Operating margin | 12.0% | 10.1% | 12.1% | 7.1% |
| Interest | ₹13 Cr | ₹7 Cr | ₹5 Cr | ₹10 Cr |
| Depreciation | ₹14 Cr | ₹12 Cr | ₹13 Cr | ₹15 Cr |
| Net profit | ₹50 Cr | ₹47 Cr | ₹58 Cr | ₹24 Cr |
| Net margin | 7.2% | 6.4% | 7.3% | 3.5% |
| Cash from operations | ₹29 Cr | ₹44 Cr | ₹4 Cr | ₹143 Cr |
| Free cash flow | ₹-16 Cr | ₹30 Cr | ₹-30 Cr | ₹122 Cr |
| ROCE | 10.0% | 14.0% | 13.0% | 7.0% |
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 | ₹32 Cr | ₹35 Cr | ₹37 Cr | ₹39 Cr | ₹42 Cr | ₹42 Cr |
| Reserves | ₹272 Cr | ₹276 Cr | ₹326 Cr | ₹473 Cr | ₹789 Cr | ₹664 Cr |
| Borrowings | ₹128 Cr | ₹115 Cr | ₹138 Cr | ₹79 Cr | ₹200 Cr | ₹92 Cr |
| Other liabilities | ₹140 Cr | ₹92 Cr | ₹188 Cr | ₹256 Cr | ₹402 Cr | ₹254 Cr |
| Total liabilities | ₹572 Cr | ₹518 Cr | ₹689 Cr | ₹846 Cr | ₹1.4k Cr | ₹1.1k Cr |
| Fixed assets | ₹206 Cr | ₹198 Cr | ₹191 Cr | ₹232 Cr | ₹610 Cr | ₹259 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹44 Cr | ₹5 Cr | ₹45 Cr | ₹4 Cr |
| Investments | ₹76 Cr | ₹76 Cr | ₹86 Cr | ₹96 Cr | ₹0 Cr | ₹146 Cr |
| Other assets | ₹290 Cr | ₹244 Cr | ₹368 Cr | ₹513 Cr | ₹776 Cr | ₹642 Cr |
| Total assets | ₹572 Cr | ₹518 Cr | ₹689 Cr | ₹846 Cr | ₹1.4k Cr | ₹1.1k 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.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs trimmed −1.29 pp while the public added +1.27 pp. The shareholder count grew 8% to 1,13,766.
- Promoters
- 39.4%
- FIIs
- 0.2%
- Public
- 60.4%
Since Jun 2025
- FIIs −1.29 pp
- Public +1.27 pp
- Promoters +0.06 pp
How it drifted, 12 quarters
Over this window promoters went from 34.5% to 39.4% — +4.9 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 34.5%, FIIs 0.9%, DIIs 0.5%, Public 64.2%.Dec '23: Promoters 34.7%, FIIs 0.6%, DIIs 0.5%, Public 64.2%.Mar '24: Promoters 35.3%, FIIs 0.8%, DIIs 0.5%, Public 63.5%.Jun '24: Promoters 35.3%, FIIs 0.6%, DIIs 0.5%, Public 63.5%.Sep '24: Promoters 35.3%, FIIs 0.6%, DIIs 0.0%, Public 64.1%.Dec '24: Promoters 36.3%, FIIs 0.9%, DIIs 0.0%, Public 62.8%.Mar '25: Promoters 38.8%, FIIs 1.6%, DIIs 0.1%, Public 59.6%.Jun '25: Promoters 39.4%, FIIs 1.5%, DIIs 0.1%, Public 59.1%.Sep '25: Promoters 39.4%, FIIs 0.7%, Public 59.9%.Dec '25: Promoters 39.4%, FIIs 0.9%, Public 59.7%.Mar '26: Promoters 39.4%, FIIs 1.2%, Public 59.4%.Jun '26: Promoters 39.4%, FIIs 0.2%, Public 60.4%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Prashant Jain newly disclosed 1.22% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Som Distilleries & Breweries Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Jagdish Kumar Arora | 23.71% | unchanged |
| Som Distilleries Private Limited | 9.66% | unchanged |
| Anil Kumar Arora | 2.46% | unchanged |
| Bana Singh | 2.32% | unchanged |
| Deepak Arora | 2.22% | unchanged |
| Avinash Kumar Chalana | 2.18% | unchanged |
| Gangadeen Patel | 2.03% | unchanged |
| Ajay Kumar Arora | 1.72% | unchanged |
| Prem Chand Pal | 1.71% | unchanged |
| Mohar Singh | 1.48% | unchanged |
| Aalok Deep Finance Private Limited | 1.39% | unchanged |
| Shrilal Lodhi | 1.37% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
All earnings calls (6)
Read the Q1 FY27 call →Learn to analyse Som Distilleries & Breweries Limited
Guides on how to read this kind of business and the numbers that matter.