Quarterly results
consolidated · as filed with NSE · Q1 FY27 back to Q4 FY19
| ₹ crore | Q1 FY27 | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 | Q4 FY23 | Q3 FY23 | Q2 FY23 | Q1 FY23 | Q4 FY22 | Q3 FY22 | Q2 FY22 | Q1 FY22 | Q4 FY21 | Q3 FY21 | Q2 FY21 | Q1 FY21 | Q4 FY20 | Q3 FY20 | Q2 FY20 | Q1 FY20 | Q4 FY19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 6,122 | 6,855 | 7,942 | 7,199 | 6,295 | 6,634 | 7,732 | 6,672 | 6,238 | 6,511 | 6,962 | 6,737 | 5,808 | 5,792 | 6,610 | 8,283 | 7,131 | 7,767 | 8,917 | 8,209 | 6,169 | 7,678 | 8,410 | 7,509 | 3,821 | 6,419 | 7,812 | 7,300 | 7,293 | 0 |
| Other income | 73 | 295 | 51 | 81 | 72 | 175 | 72 | 54 | 35 | 111 | 52.1 | 40.1 | 21.7 | 18 | 21.3 | 7.6 | 26.2 | 23.8 | 0.1 | 3.8 | 7.8 | 4.6 | 18.8 | 11 | 5.2 | 7.9 | 5.8 | 4.6 | 3.7 | 0 |
| Total expenses | 5,795 | 6,407 | 7,442 | 6,625 | 5,776 | 6,266 | 7,256 | 6,264 | 5,619 | 6,279 | 6,555 | 6,361 | 5,174 | 5,661 | 6,327 | 7,932 | 6,865 | 7,429 | 8,514 | 7,823 | 6,080 | 7,392 | 8,075 | 7,344 | 4,042 | 6,309 | 7,503 | 7,013 | 6,923 | 0 |
| EBITDA | 429 | 593 | 599 | 660 | 644 | 460 | 568 | 502 | 713 | 334 | 487 | 467 | 714 | 236 | 372 | 437 | 372 | 432 | 519 | 469 | 189 | 396 | 458 | 291 | −91.9 | 248 | 426 | 408 | 491 | 0 |
| EBITDA margin | 7.0% | 8.7% | 7.5% | 9.2% | 10.2% | 6.9% | 7.3% | 7.5% | 11.4% | 5.1% | 7.0% | 6.9% | 12.3% | 4.1% | 5.6% | 5.3% | 5.2% | 5.6% | 5.8% | 5.7% | 3.1% | 5.2% | 5.4% | 3.9% | -2.4% | 3.9% | 5.4% | 5.6% | 6.7% | – |
| Finance costs | 30 | 69 | 19 | 21 | 49 | 22 | 20 | 25 | 22 | 29 | 16.4 | 26.2 | 4.3 | 36 | 24.4 | 21 | 22.5 | 16.5 | 39.2 | 6.9 | 25.4 | 33.4 | 42.9 | 55.8 | 55.5 | 52.9 | 50.7 | 50.3 | 58.1 | 0 |
| Depreciation | 72 | 76 | 80 | 65 | 76 | 70 | 72 | 69 | 72 | 73 | 62.8 | 65.3 | 74.3 | 68.8 | 64.7 | 65.9 | 83.1 | 77.4 | 75.8 | 76.3 | 74.3 | 77 | 78.9 | 69.3 | 73.9 | 85.1 | 66 | 71.2 | 63 | 0 |
| Profit before tax | 319 | 703 | 541 | 625 | 577 | 543 | 483 | 462 | 654 | 312 | 459 | 446 | 640 | 131 | 155 | 740 | 255 | 241 | 404 | 390 | 51.3 | 281 | 375 | 177 | −291 | 185 | 315 | 291 | 373 | 0 |
| Tax | 82 | 135 | 123 | 160 | 154 | 121 | 145 | 119 | 168 | 71 | 109 | 106 | 162 | 27.5 | −59.1 | 191 | −6.9 | 62.7 | 109 | 104 | 1 | 77.7 | 94 | 51.1 | −44.9 | 134 | 82 | 133 | 209 | 0 |
| Net profit | 463 | 539 | 418 | 464 | 417 | 421 | 335 | 341 | 485 | 241 | 350 | 339 | 477 | 103 | 214 | 548 | 261 | 179 | 295 | 286 | 50.3 | 203 | 280 | 125 | −247 | 49.3 | 232 | 158 | 182 | 0 |
| Net margin | 7.6% | 7.9% | 5.3% | 6.4% | 6.6% | 6.3% | 4.3% | 5.1% | 7.8% | 3.7% | 5.0% | 5.0% | 8.2% | 1.8% | 3.2% | 6.6% | 3.7% | 2.3% | 3.3% | 3.5% | 0.8% | 2.6% | 3.3% | 1.7% | -6.5% | 0.8% | 3.0% | 2.2% | 2.5% | – |
| EPS (₹) | 3.34 | 8.00 | 5.88 | 6.53 | 5.87 | 5.93 | 4.72 | 4.80 | 6.83 | 3.40 | 4.93 | 4.78 | 6.71 | 1.45 | 3.02 | 7.80 | 3.75 | 2.56 | 4.22 | 4.11 | 0.78 | 2.94 | 4.05 | 1.82 | -3.40 | 0.82 | 3.32 | 2.30 | 2.85 | 0.00 |
| Net profit YoY | +10.9% | +28.0% | +24.7% | +36.1% | −14.0% | +74.7% | −4.3% | +0.5% | +1.7% | +134.4% | +63.5% | −38.1% | +82.6% | −42.4% | −27.5% | +91.2% | +419.1% | −12.1% | +5.4% | +128.9% | +120.4% | +312.4% | +20.8% | −20.6% | −235.7% | – | – | – | – | – |
Annual results
financial years ending March · from the fourth-quarter filings| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 27,816 | 27,276 | 26,018 | 27,815 | 31,062 | 27,419 | 28,824 | 28,873 |
| Other income | 478 | 336 | 225 | 73.1 | 35.5 | 39.6 | 22 | 69.2 |
| Total expenses | 25,977 | 25,405 | 24,368 | 26,785 | 29,846 | 26,853 | 27,749 | 27,931 |
| EBITDA | 2,286 | 2,243 | 2,001 | 1,417 | 1,608 | 1,053 | 1,572 | 1,394 |
| EBITDA margin | 8.2% | 8.2% | 7.7% | 5.1% | 5.2% | 3.8% | 5.5% | 4.8% |
| Finance costs | 158 | 89 | 76 | 104 | 88 | 188 | 212 | 237 |
| Depreciation | 289 | 283 | 275 | 283 | 304 | 299 | 285 | 215 |
| Profit before tax | 2,226 | 2,142 | 1,858 | 1,280 | 1,087 | 541 | 1,164 | 1,014 |
| Tax | 510 | 553 | 449 | 153 | 276 | 178 | 540 | 328 |
| Net profit | 1,838 | 1,582 | 1,408 | 1,126 | 811 | 362 | 621 | 684 |
| Net margin | 6.6% | 5.8% | 5.4% | 4.0% | 2.6% | 1.3% | 2.2% | 2.4% |
| EPS (₹) | 24.07 | 22.28 | 19.83 | 16.01 | 11.68 | 5.41 | 9.29 | 9.87 |
| Net profit YoY | +16.2% | +12.4% | +25.1% | +38.9% | +123.9% | −41.7% | −9.2% | – |
EPS is as filed for each period and is not restated for later bonus issues or splits.
Cash flow
annual · ₹ crore| ₹ crore | FY26 | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Operating cash flow | 1,459 | 1,947 | 1,118 | 615 | 977 |
| Investing cash flow | −428 | −1,114 | 226 | −53.2 | −313 |
| Financing cash flow | −1,450 | −557 | −407 | −501 | −688 |
| Capital expenditure | 181 | 162 | 98 | 137 | 134 |
| Free cash flow (CFO − capex) | 1,278 | 1,785 | 1,020 | 478 | 843 |
Net profit trend
annual, ₹ croreFY21
₹362
FY22
₹811+124%
FY23
₹1,126+39%
FY24
₹1,408+25%
FY25
₹1,582+12%
FY26
₹1,838+16%
Result filings
as filed with NSE · PDF and XBRL| Period | Basis | Filed | Documents |
|---|---|---|---|
| Q1 FY27 | Consolidated | 22 Jul 2026 | PDF on NSE XBRL |
| Q1 FY27 | Standalone | 22 Jul 2026 | PDF on NSE XBRL |
| Q4 FY26 | Consolidated | 14 May 2026 | PDF on NSE XBRL |
| Q4 FY26 | Standalone | 14 May 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | 20 Jan 2026 | PDF on NSE XBRL |
| Q3 FY26 | Consolidated | – | PDF on NSE XBRL |
| Q3 FY26 | Standalone | 20 Jan 2026 | PDF on NSE XBRL |
| Q2 FY26 | Consolidated | 30 Oct 2025 | PDF XBRL |
| Q2 FY26 | Standalone | 30 Oct 2025 | PDF XBRL |
| Q1 FY26 | Consolidated | 13 Aug 2025 | PDF on NSE XBRL |
Annual reports
NSE archiveKey ratios
P/E (TTM)5Y avg 54.9×54.8×
P/B5Y avg 11.36×11.53×
ROEFY26, on average equity21.6%
Net margin6.6%
Debt / equity0.00×
Revenue CAGR (3Y)0.0%
Profit CAGR (3Y)17.8%
EPS (TTM)₹25.98
Market cap₹1.03L Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
11.53×
vs 8-point avg 11.36× (+1%)
9.14× low11.36× avg15.10× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹14,469 Cr+9%
Net worth₹8,953 Cr+10%
Total borrowings₹6 Cr
Cash & bank balances₹859 Cr−35%
Investments₹1,171 Cr+34%
Inventories₹2,668 Cr+16%
Trade receivables₹3,609 Cr+6%
Trade payables₹2,383 Cr+6%
Change vs the same date a year earlier.
Revenue mix FY26
Beverage alcohol95.8%result ₹2,286 Cr
Sports4.2%result ₹159 Cr
Segment revenue as reported, before inter-segment eliminations.