Globus Spirits Ltd. Share Price

Globus Spirits Reports Strong Q1 FY27 Growth Amid Ongoing Tax Dispute

Globus Spirits Limited reported robust financial performance for the quarter ended June 30, 2026, marked by strong top-line and bottom-line growth, despite facing higher input costs and an ongoing tax dispute. Key Financial Highlights (Q1 FY27): Revenue: Grew 21.05% YoY to ₹1,151.88 crore (from ₹951.55 crore). Net Profit: Surged nearly 50% YoY to ₹26.48 crore (from ₹17.69 crore). Cost Pressures: Total expenses rose to ₹1,116.44 crore, driven by higher raw material costs (₹509.30 crore) and a significant jump in excise duty (₹363.10 crore). Segment Performance: The Consumer business emerged as the primary earnings driver, posting an EBITDA of ₹42.41 crore, outperforming the Manufacturing division’s EBITDA of ₹36.87 crore. This highlights the growing profitability of the company's branded product portfolio. Key Overhang: Tax Dispute The company is contesting a ₹40.94 crore aggregate tax demand covering three assessment years (stemming from a 2023 Income Tax Department search). Globus Spirits has deposited ₹30.44 crore under protest and filed appeals. Management maintains a strong legal position and has not recognized any provision for this demand. Auditors highlighted the matter but did not modify their review conclusion. Strategic Outlook: Globus Spirits enters the rest of FY27 on a firm footing, with its consumer segment gaining momentum and overall profitability improving. However, investors will continue to monitor the resolution of the legacy tax dispute, which remains the primary contingent risk for the company.

GLOBUS SPIRITS

GLOBUS SPIRITS: Q4 SL NET PROFIT 216M RUPEES VS 63M (YOY) || Q4 REVENUE 8.6B RUPEES VS 8.8B (YOY) GLOBUS SPIRITS: Q4 EBITDA 670M RUPEES VS 392M (YOY) || Q4 EBITDA MARGIN 7.84% VS 4.48% (YOY) GLOBUS SPIRITS: CO RECOMMENDS DIVIDEND OF 6.53 RUPEES PER SHARE

📊 Financial Performance

A Quiet Liquor Policy Shift That Could Change India’s Alcohol Market

Karnataka is preparing a major change in how alcohol is priced in the state. For decades, the government fixed retail prices through multiple pricing categories. Now, that system is being replaced. The new policy introduces alcohol-content-based taxation. Instead of fixed retail price slabs, tax will depend on the strength of alcohol, and companies will be allowed to set their own prices. Earlier, Karnataka had 16 pricing categories. The reform will reduce them to 8 simpler bands. Why does this matter? For producers, price freedom means better brand positioning and margin control. Premium brands may price higher, while mass brands can compete more aggressively. For the government, taxing based on alcohol strength is considered more transparent and easier to administer. For the industry, this could reshape competition. Large organised alcohol companies with strong brands and distribution networks are likely to adapt faster than smaller players. Some listed companies that could benefit structurally if similar reforms spread across states include: • United Spirits

Liquor stocks surged after Karnataka announced an excise policy shift, sparking optimism across breweries and distilleries. The move triggered sharp gains in companies such as Radico Khaitan, Globus Spirits, United Spirits, and United Breweries, with stocks rising up to 8%. Investors see the policy change as a potential catalyst for demand growth and margin expansion in one of India’s largest liquor markets. Market Reaction -

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