KATI PATANG LIFESTYLE LIMITED

Operates a premium craft beer platform built around the Kati Patang brand, selling beers flavoured with Indian ingredients such as saffron, turmeric and ginger. Distribution reaches Indian states including Delhi, Haryana, Uttarakhand, Rajasthan and Chhattisgarh, and extends overseas via a 23% stake in UK JV CHADKP Holdings (placing the beer across 800+ J D Wetherspoons venues) and exports of Saffron Lager and Bareilly Bold to 5 US states, priced 20–25% above Kingfisher, Taj Mahal and Bira. Revenue is generated from sale of alcoholic beverages (and previously digital/marketing activity), with FY26 revenue of Rs. 13.3255 cr and Q1 FY27 consolidated revenue of Rs. 624.54 lakh, up from Rs. 289.29 lakh a year earlier. The alco-bev line has been built primarily through acquisitions — a 99.5% stake in Empyrean Spirits, 100% of Agnetta International and a 51% stake approved in Chhota Hazri Spirits (Delhi-based). Costs are dominated by other operating expenses at 104.7% of FY26 revenue, with employee costs at 25.2% and depreciation at 1.0%, leaving the company loss-making at the EBITDA line. The business also raises capital through equity instruments such as a Rs. 20.51 cr Rights Issue that was oversubscribed by more than 10%.