Earning Conference Call Transcript-Quarter 4 FY 2026
GLOBUSSPR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Globus Spirits reported Q4 FY26 results with manufacturing EBITDA of INR8.3/liter and overall strong performance. The company clarified that Q4 volume softness in bulk alcohol was a timing issue from shifting Bihar/Jharkhand facilities from ethanol to ENA production, with inventory buildup expected to liquidate in Q1 FY27. The P&A segment delivered 27% revenue growth (INR164 crores) with underlying growth of 58% excluding Delhi disruption. Management announced it no longer needs external capital due to strong internal cash flows and debt refinancing that reduced annual debt outflow from INR67 crores to INR14 crores. The company maintained its FY29 target of 50% P&A growth and remains confident despite near-term headwinds from geopolitical factors affecting packaging and logistics costs.
Positive for shareholders - strong deleveraging, improved liquidity, and no equity dilution needed while maintaining growth targets. P&A segment losses are expected to narrow as emerging markets mature into core markets.