IGL investor presentation: spirits arm targets 1,000 Cr EBITDA by FY28-30
INDIAGLYCO · price
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India Glycols shared investor presentation for its demerged spirits entity IGL Spirits. FY26 revenue rose to INR 2,801 Cr (39% CAGR over FY24-26), EBITDA to INR 492 Cr (margin 8.7%) and PAT to INR 244 Cr. Potable spirits revenue reached INR 1,331 Cr at 45.9% gross margin. Management targets over INR 550 Cr EBITDA by FY27, a debt-free balance sheet by FY28 and INR 1,000 Cr EBITDA within 3-4 years, driven by premiumisation, new launches and ethanol scale-up. Bio-fuels got initial ethanol allocation of 220 mn litres worth INR 1,450 Cr for ESY 2025-26.
Sharp multi-year growth and debt-reduction targets with strong margin expansion. Positive read for the stock and demerged entity.