Financial Performance (Half Year Ended September 30, 2026)

  • Revenue from operations: ₹143.27 Lakhs (compared to ₹184.28 Lakhs in H1 Mar'26 and ₹116.87 Lakhs in H1 Sep'25)
  • Other income: ₹5.10 Lakhs
  • Total Income: ₹148.37 Lakhs
  • Total Expenses: ₹135.78 Lakhs, including:
  • Purchase of Stock-in-Trade: ₹82.49 Lakhs
  • Employee benefits expense: ₹12.76 Lakhs
  • Finance costs: ₹10.08 Lakhs
  • Advertising and Marketing Expenses: ₹11.61 Lakhs
  • Profit before tax: ₹12.60 Lakhs
  • Tax expense: ₹1.94 Lakhs (Current Tax: ₹1.89 Lakhs, Deferred Tax: ₹0.05 Lakhs)
  • Profit for the period: ₹10.66 Lakhs
  • Earnings per share (Face Value ₹10): Basic and Diluted EPS of ₹4.97

Comparative Financials

  • Half year ended March 31, 2026: Revenue ₹184.28 Lakhs, Net Profit ₹22.17 Lakhs, EPS ₹10.34
  • Half year ended September 30, 2025: Revenue ₹116.87 Lakhs, Net Profit ₹9.97 Lakhs, EPS ₹5.38
  • Year ended March 31, 2026 (Audited): Revenue ₹301.16 Lakhs, Net Profit ₹32.14 Lakhs, EPS ₹16.08

Balance Sheet Position (As at September 30, 2026)

  • Share Capital: ₹21.45 Lakhs (unchanged)
  • Reserves & Surplus: ₹229.51 Lakhs (increased from ₹222.86 Lakhs)
  • Total Borrowings: ₹201.65 Lakhs (Short term: ₹201.47 Lakhs, Long term: ₹0.19 Lakhs)
  • Total Assets: ₹504.99 Lakhs
  • Inventories: ₹191.12 Lakhs
  • Trade receivables: ₹156.39 Lakhs
  • Cash and bank balances: ₹57.72 Lakhs

Tax Matter

The Company received an Intimation under Section 143(1) of the Income Tax Act, 1961 for AY 2025-26 raising a tax demand of ₹282.29 Lakhs primarily related to opting for section 115BAB. The Company has filed an appeal with the Commissioner of Income Tax (Appeals), which is pending. No adjustments have been made to current or deferred tax positions pending the appeal outcome.

IPO Proceeds Utilization

The entire IPO proceeds of ₹119.86 Lakhs have been fully utilized:

  • Working capital requirements: ₹100.64 Lakhs (including ₹6.00 Lakhs utilized in Q1 FY27)
  • Pre-payment/repayment of borrowings: ₹11.45 Lakhs
  • General Corporate Purposes: ₹7.77 Lakhs

The utilization was reported in the Monitoring Agency Report by Acuite Ratings & Research Limited for the quarter ended June 30, 2026, filed with BSE Limited under Regulation 32(6) of SEBI LODR Regulations.

Other Business Updates

1. ESOP Scheme: Received in-principal approval for 10,00,000 Equity shares under "Monika Alcobev Employee Stock Option Scheme 2026" but no options/shares granted during the period.

2. Distribution Rights: Received notice dated September 28, 2026, from Casa Cuervo, S.A. de C.V., Crista La Santa, S.A.P.I. de C.V., Proximo Spirits, Inc. and JC Master Distribution Limited purporting to terminate the Company's distribution rights for certain products and brands in specified territories effective March 31, 2027. The Company will take appropriate steps to protect its rights and interests.