Key Financial Figures - Standalone (₹ in Lakhs)
Quarter Ended September 30, 2026:
- Revenue from operations: ₹4,62,151 (24% increase YoY from ₹3,73,556)
- Other income: ₹4,130 (includes ₹3,689 lakhs interest on income tax refunds)
- Total income: ₹4,66,281
- Total expenses: ₹4,47,902
- Profit before tax: ₹18,379 (176% increase YoY from ₹6,652)
- Tax expense: ₹4,786
- Profit for the period: ₹13,593 (190% increase YoY from ₹4,695)
- Basic EPS: ₹5.14 (vs ₹1.78 YoY)
Year to Date Ended September 30, 2026:
- Revenue from operations: ₹10,53,896 (16% increase YoY from ₹9,11,444)
- Profit for the period: ₹30,232 (31% increase YoY from ₹23,066)
- Basic EPS: ₹11.43 (vs ₹8.72 YoY)
Key Financial Figures - Consolidated (₹ in Lakhs)
Quarter Ended September 30, 2026:
- Revenue from operations: ₹4,62,301
- Profit for the period: ₹13,481
- Basic EPS: ₹5.12
Balance Sheet Position (Standalone as at September 30, 2026):
- Total assets: ₹9,46,314
- Total equity: ₹4,55,674
- Paid-up equity share capital: ₹2,644
- Other equity: ₹4,53,030
Legal and Regulatory Matters
CCI Penalty Case:
- Competition Commission of India levied penalty of ₹75,183 lakhs on September 24, 2021
- Company appealed to NCLAT, which granted stay subject to deposit of 10% penalty amount
- NCLAT dismissed appeal on December 23, 2022
- Company filed appeal before Supreme Court on January 30, 2023
- Supreme Court granted stay on February 17, 2023 subject to additional 10% deposit
- Total ₹18,762 lakhs deposited with NCLAT Registrar as fixed deposits
- Matter sub judice before Supreme Court
- No provision recorded in books; treated as contingent liability
Bihar Plant Closure:
- Manufacturing operations closed effective May 1, 2022 due to state prohibition policy
- BIADA issued show cause notice for lease cancellation on June 25, 2022
- BIADA cancelled land allotment on December 16, 2022
- Company filed writ petition in Patna High Court, which directed status quo on January 25, 2023
- Company applied under BIADA Amnesty Policy 2025 on December 29, 2025
- Received in-principle approval on January 13, 2026
- Carrying value of Bihar PPE: ₹5,587 lakhs as at September 30, 2026
- Company withdrew petition after BIADA assurance to issue final approval
Dividend Information
- Dividend of ₹10 per equity share (face value ₹1 each) amounting to ₹26,441 lakhs approved for FY26
- Dividend paid during the quarter ended September 30, 2026
Other Significant Disclosures
- Seasonality of business noted - revenue and profits do not accrue evenly over the year
- Company operates as single operating segment
- Limited review report issued by BS R & Co. LLP with unqualified opinion
- Withheld payments: ₹10,951 lakhs (dividend) and ₹45 lakhs (director fees) due to DRT orders
- Exceptional items for FY26: gain on land transfer ₹7,404 lakhs offset by labour code implementation impact ₹1,873 lakhs
Press Release Highlights
- Volume growth of 16% in Q2 FY27
- Premium volumes grew 38%
- Net sales growth of 24%
- EBITDA margin improved 480bps to 11.9%
- EBIT margin improved 441bps to 8.4%
- Heineken Silver grew 67%, Kingfisher Ultra grew 44%
- Two new can lines commissioned at Nizam and Ellora breweries