reported its best-ever annual financial performance on Wednesday, with full-year net revenue rising 24.7 per cent to ₹6,050.4 crore and EBITDA surging 52.4 per cent to ₹1,018.5 crore for the fiscal year ended March 31, 2026 — both milestones crossed for the first time in the company’s history. The Board of Directors also more than doubled the dividend to ₹9 per share, up from ₹4 last year, and adopted a policy of minimum 20 per cent payout going forward.
For the fourth quarter, net revenue grew 15.3 per cent year-on-year to ₹1,503.7 crore, while EBITDA jumped 64 per cent to ₹286.3 crore, with the EBITDA margin expanding 565 basis points to 19 per cent — the highest ever for the company on a quarterly basis. Total comprehensive income for Q4 nearly doubled to ₹176.5 crore, with basic EPS rising to ₹13.08 from ₹6.78 a year ago.
The performance was driven primarily by the Prestige & Above segment, which grew volumes 27.9 per cent in Q4 and 28.5 per cent for the full year to 1.67 crore cases — now accounting for 45.6 per cent of the company’s total IMFL volumes. The luxury portfolio, which includes Rampur Indian Single Malt, Jaisalmer Indian Craft Gin, and Royal Ranthambore Whisky, delivered combined sales of ₹475 crore in FY26. Magic Moments Vodka, the company’s flagship mass-premium brand, neared ₹1,500 crore in sales and crossed 86 lakh cases.
Gross margins improved 453 basis points year-on-year to 48 per cent in Q4, aided by benign raw material costs and a richer product mix. Net debt fell sharply to ₹244 crore as of March 31, 2026 — down ₹329.5 crore from the previous year — and the company said it expects to be net-debt free by the first half of FY2027.
The stock closed at ₹3,357.20 on the NSE on Wednesday, up 0.55 per cent on the day, giving the company a market capitalisation of approximately ₹44,789 crore. The stock has gained nearly 32 per cent over the past year.