Synopsis: A leading Indian alcoholic beverages company surged after reporting an exceptional 1600 percent year-on-year net profit growth for Q2FY26, driven by premium portfolio expansion, steady R&O performance, and margin improvements. Do you own?
A leading Indian alcoholic beverages stock witnessed strong buying interest in Wednesday’s session after posting exceptional growth in profitability for the September quarter. Investor sentiment was supported by the company’s robust P&A segment performance, steady R&O volumes, and improving operating margins.
Globus Spirits Ltd., with a market capitalisation of Rs. 3,463.14 crore, opened at Rs. 1,100.10 and touched an intraday high of Rs. 1,251.05, compared with a previous close of Rs. 1,095.90, marking an intraday gain of 14.1 percent. Massachusetts Institute of Technology (MIT) holds a 3.80 percent stake in the company.
Financial Snapshot – Q2FY26
Quarter-on-Quarter (QoQ): Revenue declined slightly from Rs. 952 crore in Q1FY26 to Rs. 872 crore in Q2FY26, a decrease of 8.4 percent. Profit before tax rose from Rs. 23 crore to Rs. 26 crore, up 13 percent, while net profit increased from Rs. 18 crore to Rs. 22 crore, up 22.2 percent sequentially.
Year-on-Year (YoY): Compared to Q2FY25, revenue remained largely stable at Rs. 872 crore versus Rs. 875 crore, down marginally by 0.3 percent. Profit before tax surged from Rs. 2.1 crore to Rs. 26 crore, marking an exceptional 1,138 percent increase, while net profit rose from Rs. 1.28 crore to Rs. 22 crore, reflecting a 1,618.8 percent jump, driven by a stronger premium portfolio and operating leverage.
Operational Highlights
The Prestige & Above (P&A) segment delivered 62 percent year-on-year revenue growth in Q2FY26 and nearly 55 percent growth in H1FY26. Regular & Others (R&O) volumes achieved a healthy three-year CAGR of 9 percent, supported by innovation, brand building, and geographic expansion. The P&A segment has achieved near EBITDA breakeven in three states, while the R&O segment maintains industry-leading EBITDA margins of 16-18 percent. P&A is currently present in ten states, contributing 15.5 percent of total revenue, whereas R&O contributes 84.5 percent across five states.
Segment Performance:
Segment-wise, the P&A portfolio reported revenue of Rs. 38.9 crore, up 62 percent YoY, with sales volume of 0.28 million cases, up 33 percent YoY. The R&O segment recorded revenue of Rs. 212.1 crore, up 1 percent YoY, with sales volume of 3.67 million cases, down 4 percent YoY. The manufacturing segment posted revenue of Rs. 409.6 crore, up 2 percent YoY, with bulk sales volume of 49.84 million litres, down 4 percent YoY.
Future Outlook
Globus Spirits reported net revenue for H1FY26 at Rs. 1,350 crore, with a vision to reach Rs. 4,500 crore by FY29. Consumer mix was 39 percent in H1FY26, targeting 50 percent in FY29, while P&A salience is expected to rise from 15 percent to over 25 percent. Consumer margins currently stand at 14 percent, with plans to surpass 17 percent by FY29.
Comments from the Management
“Globus Spirits stands as one of India’s leading integrated alcobev players, combining a manufacturing infrastructure with a fast-growing consumer portfolio. Our fully integrated operations form the foundation for innovation, quality, and margins, positioning us to deliver consistent shareholder value.
Within this framework, our Consumer Business continues to be the key growth engine, driven by two complementary pillars – Regular & Others and Prestige & Above. The Regular & Others portfolio remains our cash engine, delivering steady volumes and profitability.
The Prestige & Above segment is structured to appeal to consumers of today and tomorrow and embodies the future of our company. We are excited about our growth prospects to build a future-ready business that unites the strength of manufacturing with the ambition of premium consumer brands.”
About the Company
Globus Spirits Limited, established in 1992, is engaged in the manufacture and sale of Indian Made Indian Liquor (IMIL), Indian Made Foreign Liquor (IMFL), bulk alcohol, hand sanitizers, and franchise bottling. The company operates across both premium and mass-market segments, leveraging integrated manufacturing and distribution capabilities to drive growth.
-Manan Gangwar
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