Som Distilleries & Breweries Limited — Investor Meet, 05-06-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Som Distilleries & Breweries reported Q4 revenue down 12% at INR 340 Cr, hurt by excise hikes in Karnataka and 10% beer volume decline. EBITDA margin improved to 13% with INR 42.8 Cr EBITDA and PAT at INR 23.7 Cr (7% margin). FY25 revenue grew 13% to INR 1447 Cr; EBITDA rose 16% to INR 181 Cr; PAT up 21% at INR 105 Cr. Annual beer volumes increased 10% to 234 lakh cases; Hunter brand grew 15%. Capacity expanded with a new INR 600 Cr plant in UP and Odisha capacity at 90 lakh cases/year. Management expects recovery post excise reversal and targets ~18% volume and 20% revenue growth in FY26, funding capex via accruals and debt. Distribution is expanding into Tamil Nadu with cautious optimism.