Som Distilleries & Breweries Limited (SDBL) Earnings Call Transcripts

Som Distilleries & Breweries Limited's Latest Earnings Call - Q4 FY2026

In the fourth quarter and full fiscal year 2026, Som Distilleries & Breweries Limited (SDBL:IN) reported a significant revenue decline of 14.8% to INR 1,233 crores, with EBITDA falling to INR 89.7 crores and PAT at INR 10.2 crores. The company's performance was adversely affected by operational disruptions at its Bhopal facility and subdued demand in key markets, leading to a 20% drop in beer volumes. Management signaled a cautious optimism for FY 2027, projecting revenues between INR 1,400 crores and INR 1,500 crores, contingent on the resolution of licensing issues and improved market conditions.

Reported metrics

Guidance from management

Management expects FY 2027 revenues to reach between INR 1,400 crores and INR 1,500 crores, contingent on resolving licensing issues and improved market conditions. They aim for an EBITDA margin close to 10%.

What management said

See, I think for FY '28, we'll wait for another 6 months or so to give a guidance for FY '28 because the macroeconomic situation is very dynamic as of now, especially on the margin front because we are seeing a lot of inflationary pressures creeping in, especially in transported cans and barley. So I think we -- in terms of guidance for the EBITDA margin, I think we should do about close to 10% for this year.

Yes, yes, that's what I'm saying. The promoter holding -- I mean if the promoters want to put in money. There has to be end use for that money in the company. So we see it when we do the Phase 2 of the UP project.

What analysts pressed on

Analysts expressed concerns regarding the prolonged licensing issues at the Bhopal plant, questioning management's ability to recover lost market share. Additionally, there were worries about the impact of inflationary pressures on margins and the company's ability to maintain compliance moving forward.

Main topics on the call

• Revenue Decline — SDBL's consolidated revenue for FY 2026 decreased by 14.8% to INR 1,233 crores, primarily due to operational disruptions and subdued demand. Management stated, "Full year '26 was a challenging year for the company."
• Operational Disruptions — The Bhopal facility faced temporary licensing issues, impacting production and distribution. Management is currently working on the renewal process and is optimistic about a resolution, stating, "We do not anticipate any...
• IMFL Business Resilience — Despite challenges in the beer segment, the Indian Made Foreign Liquor (IMFL) business grew by 32% to 15.03 lakh cases, driven by improved market penetration. Management noted, "The IMFL business continued to demonstrate...
• Future Revenue Guidance — Management provided a revenue guidance for FY 2027 of INR 1,400 to INR 1,500 crores, contingent on the resolution of the Bhopal licensing issue. They stated, "We are bare minimum aiming for what we achieved in '24-'25, w...

Read the full Som Distilleries & Breweries Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 16 Som Distilleries & Breweries Limited earnings call transcripts on record, spanning February 10, 2020 to June 2, 2026. Based on this history, Som Distilleries & Breweries Limited reports semi-annually. The most recent call on file is dated June 2, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

SDBL

Exchange

NSEI

Country

IN

Sector

Consumer Staples

Industry

Beverages

Calls on record

16

First call

February 10, 2020

Most recent

June 2, 2026

Reporting cadence

semi-annually