Som Distilleries Q2 FY27: Net profit crashes 99% to ₹14 lakh
Synopsis
Hunter beer maker Som Distilleries posted a near-total profit wipeout in Q2 FY27, with net earnings collapsing 99.3% to just ₹14 lakh even as revenue shed nearly a third. Yet the stock rose 3.56% on the day — a sharp disconnect that underscores how sentiment, not fundamentals, is currently driving this mid-cap counter.
Key Takeaways
SDBL reported Q2 FY27 net profit of just ₹14 lakh , a 99.3% YoY collapse from ₹19.5 crore in Q2 FY26.
Revenue fell 30.9% to ₹186 crore , down from ₹269 crore a year earlier.
EBITDA dropped 56.1% to ₹17.6 crore ; margin contracted to 9.5% from 14.9% .
Despite the weak results, SDBL shares rose 3.56% to ₹77 on the NSE on 13 November 2026 , with nearly 2.2 million shares traded.
The company's 52-week range is ₹61.80–₹131.00 ; market cap stands at approximately ₹1,600 crore .
SDBL operates plants in Bhopal , Odisha , Chhattisgarh , and Karnataka , with a greenfield project in Uttar Pradesh .
Som Distilleries and Breweries Limited (SDBL), the maker of Hunter and Woodpecker beers, reported a near-total collapse in profitability for the second quarter of FY27 (Q2 FY27), with net profit plunging 99.3 per cent year-on-year to just ₹14 lakh — down from ₹19.5 crore in Q2 FY26. Revenue also slid sharply, falling 30.9 per cent to ₹186 crore from ₹269 crore in the year-ago period, according to the company's stock exchange filing.
Operating Performance Takes a Hit
EBITDA dropped 56.1 per cent to ₹17.6 crore, with the EBITDA margin narrowing sharply to 9.5 per cent from 14.9 per cent a year earlier. The across-the-board deterioration — from revenue to operating profit to net earnings — signals meaningful pressure on both volumes and cost structures during the quarter.
Stock Climbs Despite Weak Results
In a disconnect typical of small-cap counters, SDBL shares closed 3.56 per cent higher at ₹77 on the National Stock Exchange (NSE) on 13 November 2026, up from the previous close of ₹74.35. During the session, the stock touched an intraday high of ₹79.00 and a low of ₹74.01, with nearly 2.2 million shares changing hands. Over the preceding five trading sessions, shares had risen 3.63 per cent, or ₹2.70. The stock's 52-week range stands between ₹61.80 and ₹131.00, and the company's current market capitalisation is approximately ₹1,600 crore.
About SDBL: Brands and Operations
Founded in 1993 and headquartered in Bhopal, Madhya Pradesh, SDBL is an integrated alcoholic beverage manufacturer led by Chairman and Managing Director J.K. Arora. The company's operations span brewing, fermenting, bottling, and canning beer, alongside blending and bottling Indian-Made Foreign Liquor (IMFL), ready-to-drink beverages, country liquor, and industrial spirits.
Its flagship beer portfolio includes Hunter, Woodpecker, Black Fort, and Power Cool, while the IMFL segment features Pentagon Gold Edition, Milestone Blue, and Legend Premium whiskies, along with White Fox vodka, alcopops, and several branded brandies and rums. Production and bottling facilities are operational in Bhopal, Odisha, Chhattisgarh, and Karnataka, with a greenfield project underway in Uttar Pradesh.
What to Watch Next
The scale of the profit collapse will likely prompt investor scrutiny over volume trends and input cost movements in the coming quarters. How management addresses the revenue decline — and whether the Uttar Pradesh greenfield project adds capacity in time to lift FY28 numbers — will be closely watched by analysts tracking the mid-cap beverages space.
Point of View
The question is not just what went wrong in Q2 but whether SDBL's volume trajectory and pricing power can recover before the Uttar Pradesh greenfield project adds capacity. The stock's 3.56% rise on result day is a reminder that retail sentiment in small-cap counters can be stubbornly disconnected from fundamentals. Management owes investors a clear account of what drove the revenue slump — and a credible timeline for a recovery.
NationPress
14 Nov 2026
Frequently Asked Questions
How much did Som Distilleries' net profit fall in Q2 FY27?
SDBL's net profit plunged 99.3% year-on-year to just ₹14 lakh in Q2 FY27, compared to ₹19.5 crore in the same quarter of the previous financial year. The near-total wipeout was accompanied by a 30.9% decline in revenue to ₹186 crore.
Why did Som Distilleries' revenue fall so sharply?
The company's revenue dropped from ₹269 crore in Q2 FY26 to ₹186 crore in Q2 FY27, a decline of 30.9%. The filing does not detail specific volume or pricing factors, but the drop in EBITDA margin from 14.9% to 9.5% suggests both topline pressure and rising cost intensity.
How did SDBL shares react to the Q2 results?
Despite the sharp earnings decline, SDBL shares closed 3.56% higher at ₹77 on the NSE on 13 November 2026, with nearly 2.2 million shares traded. The stock's 52-week range is ₹61.80 to ₹131.00, and market capitalisation stands at approximately ₹1,600 crore.
What brands does Som Distilleries own?
SDBL's beer portfolio includes Hunter, Woodpecker, Black Fort, and Power Cool. Its IMFL range features Pentagon Gold Edition, Milestone Blue, and Legend Premium whiskies, as well as White Fox vodka, alcopops, and several brandies and rums.
Where does Som Distilleries operate?
Founded in 1993 and headquartered in Bhopal, Madhya Pradesh, SDBL runs production and bottling facilities in Bhopal, Odisha, Chhattisgarh, and Karnataka. A greenfield expansion project is also underway in Uttar Pradesh.
