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Asgard Alcobev Q1 FY27 results: net profit ₹2.54 crore vs ₹0.65 crore, revenue up 150.7%
Asgard Alcobev Ltd reported consolidated revenue of ₹53.04 crore and a net profit of ₹2.54 crore for Q1 FY27, compared with ₹21.16 crore and ₹0.65 crore in Q1 FY26. EBITDA rose to ₹5.15 crore, while the EBITDA margin increased to 9.7% from 7.4%.
Key points
- Revenue was ₹53.04 crore in Q1 FY27, up ₹31.88 crore or 150.7% from Q1 FY26.
- EBITDA was ₹5.15 crore, up ₹3.59 crore or 230.1% from Q1 FY26.
- The EBITDA margin rose to 9.7% from 7.4%, an increase of 2.3 percentage points.
- Net profit was ₹2.54 crore, compared with ₹0.65 crore in Q1 FY26; basic EPS was ₹0.08.
- Management said installed brewing capacity is expected to rise from 8.4 million cases to 10.8 million cases by March 2027.
How did Asgard Alcobev perform in Q1 FY27?
Asgard Alcobev reported consolidated revenue of ₹53.04 crore for Q1 FY27, up ₹31.88 crore or 150.7% from ₹21.16 crore in Q1 FY26. Revenue was also higher than ₹36.53 crore in Q4 FY26, a sequential rise of ₹16.51 crore or 45.2%.
EBITDA rose to ₹5.15 crore from ₹1.56 crore in Q1 FY26 and ₹3.33 crore in Q4 FY26. The EBITDA margin was 9.7%, compared with 7.4% in Q1 FY26 and 9.1% in Q4 FY26.
Net profit was ₹2.54 crore, against ₹0.65 crore in Q1 FY26 and ₹0.60 crore in Q4 FY26. Profit attributable to owners was ₹2 crore, while basic EPS was ₹0.08. On a standalone basis, profit attributable to owners was ₹0.12 crore.
| ₹ crore | Q1 FY27 | Q4 FY26 | Q1 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 53.04 | 36.53 | 21.16 | +150.7% | +45.2% |
| Other income | 0.24 | 0.22 | 0.01 | +2300.0% | +9.1% |
| Total expenses | 50.72 | 34.02 | 20.26 | +150.3% | +49.1% |
| EBITDA | 5.15 | 3.33 | 1.56 | +230.1% | +54.7% |
| EBITDA margin | 9.7% | 9.1% | 7.4% | +2.3 pp | +0.6 pp |
| Profit before tax | 2.57 | 0.95 | 0.91 | +182.4% | +170.5% |
| Tax | 0.03 | 0.35 | 0.26 | −88.5% | −91.4% |
| Net profit | 2.54 | 0.60 | 0.65 | +290.8% | +323.3% |
| EPS (₹) | 0.08 | 0.03 | 0.05 | +60.0% | +166.7% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Asgard Alcobev's costs and profit?
Total expenses rose ₹30.46 crore or 150.3% from Q1 FY26 to ₹50.72 crore. Cost of materials increased ₹2.77 crore to ₹21.87 crore, employee cost rose ₹3.11 crore to ₹3.44 crore, finance costs increased ₹0.94 crore to ₹1.21 crore and depreciation rose ₹1.22 crore to ₹1.61 crore.
Other expenses increased ₹20.16 crore from ₹0.22 crore in Q1 FY26 to ₹20.38 crore in Q1 FY27. Other income rose ₹0.23 crore to ₹0.24 crore, while tax fell ₹0.23 crore to ₹0.03 crore. There was no exceptional item in either quarter.
Profit before tax rose ₹1.66 crore to ₹2.57 crore from Q1 FY26, while net profit increased ₹1.89 crore to ₹2.54 crore. Against Q4 FY26, total expenses rose ₹16.70 crore and other expenses increased ₹11.66 crore, while tax fell ₹0.32 crore to ₹0.03 crore.
| ₹ crore | Q1 FY27 | Q1 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 21.87 | 19.10 | +2.77 | +14.5% |
| Employee cost | 3.44 | 0.33 | +3.11 | +942.4% |
| Finance costs | 1.21 | 0.27 | +0.94 | +348.1% |
| Depreciation | 1.61 | 0.39 | +1.22 | +312.8% |
| Other expenses | 20.38 | 0.22 | +20.16 | +9163.6% |
| Total expenses | 50.72 | 20.26 | +30.46 | +150.3% |
| Other income | 0.24 | 0.01 | +0.23 | +2300.0% |
| Tax | 0.03 | 0.26 | −0.23 | −88.5% |
Source: Company's results filing (XBRL).
How has Asgard Alcobev done over the last 8 quarters?
Revenue reached its highest level of the listed eight-quarter period in Q1 FY27 at ₹53.04 crore, after rising from ₹19.69 crore in Q3 FY26. The previous low was ₹16.88 crore in Q2 FY25. Revenue has risen year on year in each of the last two quarters.
Net profit was ₹2.54 crore in Q1 FY27, the highest in the listed period, compared with the low of ₹0.07 crore in Q3 FY26. EBITDA margin reached 9.7%, above the 3.7% trough in Q2 FY26 and the 9.1% recorded in Q4 FY26. The latest quarter therefore showed higher revenue, profit and margin.
What did Asgard Alcobev's management say?
Management said the company operates one of Northeast India’s largest brewing platforms through its 78.90%-owned subsidiary CMJ Breweries in Meghalaya, producing beer under a contract manufacturing model for established partner brands and operating seven owned labels. It said the company exited the paper business through a share-swap acquisition and is expanding installed capacity from 8.4 million cases to 10.8 million cases.
Management said the 10.8 million-case capacity is expected to be operational by March 2027. It said capacity will be expanded only when contracted demand justifies investment, while maintaining quality, compliance and regional distribution depth; the priority is higher output from the existing 8.4 million-case facility through new contracts and deeper partner volumes.
Management identified risks including single-site concentration at Byrnihat, customer concentration among five partner brand owners, dependence on partner volume commitments and renewals, execution requirements, and the recent transition from paper to brewing. The presentation also said the Golden Eagle manufacturing agreement covers three years, two variants, seven states and Bhutan.
How did Asgard Alcobev shares react?
After the filing, the stock was unchanged at 5 minutes, fell 0.7% at 15 minutes and fell 2.7% at 30 minutes. It closed 1.2% lower on the reaction day, was down 0.2% by the next day's close from its pre-results close and was down 6.1% by the fifth day's close.
The Diversified Commercial Services industry was unchanged on the reaction day and next day's close and fell 1.8% by the fifth day's close. Asgard therefore underperformed the industry median by 4.2 percentage points over five sessions. Its earlier results-day moves were 1.3% on 14 February 2026, 0.2% lower on 15 November 2025, 0.7% lower on 11 August 2025 and 2.0% higher on 15 May 2025.
| After the filing | Stock | Diversified Commercial Services median |
|---|---|---|
| 5 minutes | +0.0% | |
| 15 minutes | −0.7% | |
| 30 minutes | −2.7% | |
| Reaction day | −1.2% | +0.0% |
| Next day | −0.2% | +0.0% |
| 5 days | −6.1% | −1.8% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 30 May 2026 | −1.2% |
| 14 February 2026 | +1.3% |
| 15 November 2025 | −0.2% |
| 11 August 2025 | −0.7% |
| 15 May 2025 | +2.0% |
| 24 July 2024 | +4.8% |
| 24 May 2024 | +0.0% |
Source: MarketPing price-reaction measurement.
How did other Diversified Commercial Services companies do?
Seventy Diversified Commercial Services companies were compared for the quarter, with a median revenue growth of 11.3%. Sixty grew slower than Asgard Alcobev and 10 grew faster than Asgard Alcobev, while 57 reported higher profit.
| Asgard Alcobev revenue growth (YoY) | +150.7% |
|---|---|
| Median of 70 other Diversified Commercial Services companies | +11.3% |
| Companies with slower revenue growth than Asgard Alcobev | 60 of 70 |
| Companies with faster revenue growth than Asgard Alcobev | 10 of 70 |
| Companies whose net profit rose | 57 of 103 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Asgard Alcobev's revenue in Q1 FY27?
Revenue from operations was ₹53.04 crore, up 150.7% from ₹21.16 crore in Q1 FY26 (consolidated).
Did Asgard Alcobev make a profit in Q1 FY27?
Yes. Net profit was ₹2.54 crore, against a net profit of ₹0.65 crore in Q1 FY26.
What was Asgard Alcobev's EPS in Q1 FY27?
Basic earnings per share were ₹0.08, against ₹0.05 in Q1 FY26.
How did Asgard Alcobev shares react to the Q1 FY27 results?
On the reaction day the stock moved −1.2% from the previous close; the median Diversified Commercial Services stock moved +0.0%.
When did Asgard Alcobev announce its Q1 FY27 results?
On 7 September 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Approval Of Unaudited Standalone And Consolidated Financial Results For The Quarter Ended On 30Th June 2026. (BSE, 10 August 2026) · PDF
- Reg. 34 (1) Annual Report. (BSE, 7 September 2026) · PDF
- The investor presentation (22 October 2026)
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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