Som Distilleries & Breweries Ltd (SDBL) Q3FY26 Management Mirror - Dec-2025 Qtr
Financial Outlook & Revenue
Lowered FY26 revenue expectations sequentially. In Jun'25 Qtr, management guided for 1,650–1,700 crores (15-16% growth). This was slightly moderated in Sep'25 Qtr to ~1,600 crores. In Dec'25 Qtr, the target was further adjusted to ~1,500 crores.
Initiated a specific Q4 FY26 net revenue target of ~450 crores (excluding excise) to meet full-year goals.
Reaffirmed reliance on H2 seasonality for recovery, specifically expecting Q4 FY26 to reverse prior volume declines.
4 more themes on the ELITE plan.