Globus Spirits Q4 and FY26: Margin recovery funds the consumer shift

Standalone FY26 net revenues from operations were Rs 27,081 million, EBITDA was Rs 2,728 million, and PAT was Rs 949 million, as per the Profit and Loss Highlights table.

In FY26, Prestige and Above revenue was Rs 1,644 million with EBITDA of Rs -94 million, while Regular and Others revenue was Rs 8,997 million with EBITDA of Rs 1,584 million, as per the segment performance slide.

Manufacturing segment FY26 revenue was Rs 16,440 million, bulk sales volume was 199.59 million litres, and EBITDA was Rs 1,238 million, per the segment performance slide.

Management guided that the strategic margin profile for the bulk business is EBITDA per litre in the range of Rs 5 to Rs 7 for FY27 and beyond.

Yes. Management stated they started ENA exports in Q4 and exported 3.7 million litres.

Management stated maintenance capex is around Rs 40 to 50 crore annually, with additional Rs 20 to 30 crore for whisky aging capacity and bottling infrastructure, implying Rs 60 to 80 crore total capex for a few years.