Som Distilleries & Breweries Ltd — Q1 FY27 earnings call
Summary generated by AI from the official transcript Som Distilleries & Breweries Ltd filed with BSE on 20 Aug 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Som Distilleries reported a difficult Q1 FY27 due to the closure of its Madhya Pradesh operations, which management said cost about INR250-260 crores of revenue, while Karnataka and Odisha delivered strong volume recovery. The company commissioned its new Uttar Pradesh brewery with 10 million cases of annual capacity in June 2026, funded without external debt. Consolidated volumes stood at 45.79 lakh cases with total income of INR268.8 crores and EBITDA of INR15.2 crores for the quarter.
Numbers mentioned
Consolidated volumes: 45.79 lakh cases (Q1 FY27)
p. 4
“Consolidated volumes for the quarter stood at 45.79 lakh cases with a total income of INR268.8 crores and EBITDA stood at INR15.2 crores.”
Nakul Sethi, page 4 of the filed PDF · View the filing
Total income: INR268.8 crores (Q1 FY27)
p. 4
“Consolidated volumes for the quarter stood at 45.79 lakh cases with a total income of INR268.8 crores and EBITDA stood at INR15.2 crores.”
Nakul Sethi, page 4 of the filed PDF · View the filing
EBITDA: INR15.2 crores (Q1 FY27)
p. 4
“Consolidated volumes for the quarter stood at 45.79 lakh cases with a total income of INR268.8 crores and EBITDA stood at INR15.2 crores.”
Nakul Sethi, page 4 of the filed PDF · View the filing
Gross debt to equity ratio: 0.31x (June 2026)
p. 4
“gross debt to equity ratio moving marginally from 0.3x in March 2026 to 0.31x in June 2026”
Nakul Sethi, page 4 of the filed PDF · View the filing
Cash generated from operations: close to INR28 crores (Q1 FY27)
p. 4
“We generated close to INR28 crores of cash from operations during the quarter.”
Nakul Sethi, page 4 of the filed PDF · View the filing
Hassan facility capacity utilization: approximately 60% (Q1 FY27)
p. 4
“The Hassan facility operated at approximately 60% capacity utilization, while the Odisha facility operated at around 70% capacity utilization.”
Nakul Sethi, page 4 of the filed PDF · View the filing
Odisha facility capacity utilization: around 70% (Q1 FY27)
p. 4
“The Hassan facility operated at approximately 60% capacity utilization, while the Odisha facility operated at around 70% capacity utilization.”
Nakul Sethi, page 4 of the filed PDF · View the filing
Investment in UP brewery: close to INR300 crores
p. 4
“As we speak, we have invested close to INR300 crores in the UP brewery.”
Nakul Sethi, page 4 of the filed PDF · View the filing
Beer cases sold: 45 lakh beer cases (Q1 FY27)
p. 3
“beer continues to be our core earnings engine with 45 lakh beer cases sold during the quarter”
Diwakaran S., page 3 of the filed PDF · View the filing
Beer share of total volume: approximately 98.9% (Q1 FY27)
p. 3
“Beer represented approximately 98.9% of our total volume and 93% of our revenue.”
Diwakaran S., page 3 of the filed PDF · View the filing
Beer share of revenue: 93% (Q1 FY27)
p. 3
“Beer represented approximately 98.9% of our total volume and 93% of our revenue.”
Diwakaran S., page 3 of the filed PDF · View the filing
IMFL realization: INR1,047 per case (Q1 FY27)
p. 3
“On the IMFL side, realization improved by approximately 3% year-on-year to INR1,047 per case, reflecting the increasing focus on higher-value products.”
Diwakaran S., page 3 of the filed PDF · View the filing
UP brewery annual capacity: approximately 10 million cases
p. 3
“The facility adds approximately 10 million cases of annual beer capacity, giving us a significant new manufacturing and marketing -- market access platform.”
Diwakaran S., page 3 of the filed PDF · View the filing
Odisha case growth: close to about 40% increase (Q1 FY27)
p. 5
“And similarly, I think, in Odisha also, we have seen about -- close to about 40% increase.”
Management, page 5 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management said three of four beer capacities remain operational, with MP suspended, and highlighted dependence on Ball Corporation for cans and vulnerability to raw material price volatility.
Answered by Management
Asked by Sucrit Patil: What are the operational priorities and risks in raw material sourcing, regulation and demand for the coming year?
p. 5
“So if we manage that properly, I think, we have sufficient scope to leverage during the coming quarters, in terms of supply.”
Management, page 5 of the filed PDF · View the filing
Management confirmed approximately INR300 crores spent with no pending capex on Phase 1.
Answered by Management
Asked by Nagaraj Tripali: How much capex has been spent on UP Phase 1 and is any pending?
p. 7
“No, there is no pending capex, I mean, on the Phase 1 as such.”
Management, page 7 of the filed PDF · View the filing
Management estimated the revenue loss at INR250-260 crores.
Answered by Management
Asked by Jitaksh Gupta: How much revenue was lost due to the MP plant closure in Q1?
p. 8
“I think we lost about INR250 crores of revenue.”
Management, page 8 of the filed PDF · View the filing
Management said importing from other states would be uneconomical due to high import fees in Madhya Pradesh.
Answered by Management
Asked by Hiten Boricha: Can Karnataka or other plants export to Bhopal to fill capacity gaps?
p. 9
“The cost of importing from any other state, whether from Odisha or UP plant, right, is exorbitant, and it will erode our margins.”
Management, page 9 of the filed PDF · View the filing
Management revised down its earlier guidance and declined to model a scenario where the MP plant does not resume.
Answered by Management
Asked by Sunil Jatakia: What revenue and margin should be expected for FY27 given the MP plant situation?
p. 14
“I think I will stay with my guidance of INR1,000 crores of revenue.”
Management, page 14 of the filed PDF · View the filing
Management explained a portfolio strategy addressing different market segments and price points rather than a single national brand.
Answered by Management
Asked by Sunil Jatakia: What is the rationale for having six beer brands in the portfolio?
p. 15
“So we've always been a portfolio company. right? And our one brand is -- the national brand in Hunter, and we want to make Woodpecker also a national brand.”
Management, page 15 of the filed PDF · View the filing
Management confirmed a rise in input costs of cans, malt and bottles but did not explicitly confirm a price hike.
Answered by Management
Asked by Jitaksh Gupta: Did the company take a price hike given raw material and bottling cost increases?
p. 16
“we have seen an increase in the price of cans, malt, bottles during the first quarter as compared to quarter one last year. Average increase has been about 7.5% to 8%.”
Management, page 16 of the filed PDF · View the filing
Risks flagged
Operational and regulatory disruption in Madhya Pradesh impacting volumes and financials
p. 3
“The operational and regulatory disruption in Madhya Pradesh had a significant impact on our volumes and consequently on our financial performance.”
Diwakaran S., page 3 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.