Company Overview

Globus Spirits Limited (BSE: 533104, NSE: GLOBUSSPR) filed a corrigendum to its Annual Report for FY 2025-26 on September 10, 2026, addressing minor typographical errors in financial statement notes under SEBI Regulation 34. The corrections were non-material and did not impact the financial position or performance.

Financial Performance Highlights

Standalone Results (FY26):

  • Total Income: ₹3,621.85 crore (7% YoY growth)
  • Profit After Tax: ₹94.89 crore (280% YoY surge)
  • EBITDA: ₹272.8 crore (68% YoY growth)
  • Basic EPS: ₹32.77
  • Dividend: ₹6.53 per share recommended (65.30% payout)

Consolidated Results:

  • Total Income: ₹3,625.55 crore
  • PAT: ₹91.05 crore
  • Basic EPS: ₹31.70

Operational Metrics & Segment Performance

Capacity & Manufacturing:

  • Total installed distillation capacity: 334 million litres per annum
  • 6 manufacturing facilities across North and East India
  • New 100 KLPD grain-based distillery commissioned in Uttar Pradesh
  • 2 KLPD malt plant commissioned in Rajasthan
  • Capacity utilization: ~80%

Segment Performance:

  • Prestige & Above: Revenue ₹164 crore (27% growth), volumes 1.19 million cases (31% growth), crossed 1 million case milestone
  • Regular & Others: Revenue ₹900 crore (4% growth), volumes 15.7 million cases, EBITDA ₹158 crore (12% growth)

Capital Structure & Financing

  • Debt-to-Equity ratio improved to 0.48x from 0.54x in FY25
  • Net debt-to-equity ratio: 0.41 (FY25: 0.44)
  • Total borrowings: ₹515.08 crore (secured by property, plant & equipment)
  • Investments: ₹8.53 crore in joint venture Globus ANSA Private Limited
  • Loans: ₹2.00 crore to subsidiary Bored Beverages for working capital

Risk Management & Contingencies

Credit Risk:

  • Trade receivables loss allowance increased to ₹558.71 lakh (FY25: ₹256.26 lakh)

Contingent Liabilities:

  • Income tax disputes: ₹409.38 crore for AY 2021-2024 (₹304.38 crore paid under protest)
  • GST matters: ₹199.24 crore disputed for FY 2017-2022 (full amount paid under protest)
  • Other tax disputes: ₹18.77 crore in excise duty, service tax, VAT matters
  • Litigation provisions: ₹349.14 lakh maintained for non-supply and excise price disputes

Market Risk:

  • Interest rate sensitivity: 100bps change impacts profit by ₹514.97 lakh
  • Forex exposure: USD receivables ₹309.97 lakh, EUR/AUD payables ₹35.67 lakh

Corporate Governance & Compliance

Board Changes:

  • Dr. Bhaskar Roy resigned (May 2025)
  • Mr. Amitabh Singh and Mr. Rajesh Kumar Malik appointed as Executive Directors
  • Mr. Kenneth Dsouza appointed as Non-Executive & Independent Director

Remuneration:

  • MD Ajay K. Swarup: ₹5.67 crore (20% increase)
  • JMD Shekhar Swarup: ₹4.86 crore (20% increase)
  • CFO and Company Secretary: 30% increases

Regulatory Compliance:

  • No material penalties or strictures imposed
  • Complied with all applicable laws including Companies Act and SEBI regulations
  • Accounting software with audit trail feature enabled

Subsequent Events & Outlook

The Board recommended a final dividend of ₹6.53 per share (₹19.98 crore total) subject to shareholder approval. The company continues to monitor implementation of four new Labour Codes notified by the Government of India in November 2025. No subsequent events requiring balance sheet adjustment were reported post March 31, 2026.

Globus Spirits demonstrated strong operational and financial performance in FY26 with significant profitability improvement, capacity expansion, and maintained focus on regulatory compliance while managing substantial contingent liabilities and market risks.