ScoutQuest22 Oct 2026
Asgard Alcobev512025Quarterly results

Asgard Alcobev posts Q1 FY27 revenue of ₹53.04 Cr after shift to brewing, targets 10.8 million case capacity by March 2027

Q1 FY27 revenue ₹53.04 Cr with PAT ₹2.54 Cr; FY26 revenue ₹101.51 Cr, up 75%.

By ScoutQuest · · 1 min read

₹53.04 Cr
FY2025-26₹101.51 CrQ1 FY27₹53.04 Cr
Revenue from operations: ₹101.51 Cr (FY2025-26) and ₹53.04 Cr (Q1 FY27).
Q1 FY27 Revenue
₹53.04 Cr
Q1 FY27 PAT
₹2.54 Cr
FY26 Revenue
₹101.51 Cr, up 75%
Period
Q1 FY27
Positioning
Asgard says it operates one of Northeast India's largest brewing platforms through its 78.90%-owned subsidiary CMJ Breweries at Byrnihat, Meghalaya.

📈 Q1 FY27 consolidated revenue from operations was ₹53.04 Cr, EBITDA (excl. other income) ₹5.15 Cr at a 9.71% margin, and PAT ₹2.54 Cr (4.79% margin). For FY 2025-26, revenue was ₹101.51 Cr, up 75%, with EBITDA of ₹7 Cr and PAT of ₹1.49 Cr, which the company says was impacted by transition costs.

🏭 The company exited the paper business and acquired a 78.90% stake in CMJ Breweries via a share swap. It describes CMJ as one of Northeast India's largest brewing platforms, with 8.4 million cases of capacity, five partner brewers including Kingfisher and Carlsberg brands, and seven owned labels.

📉 Management states it will prioritise utilisation of the existing facility through new contracts and deeper partner volumes, and expand capacity only when contracted demand justifies it. The presentation says expansion to 10.8 million cases is underway and expected to be operational by March 2027.

📌 The company cites regulatory barriers to new breweries, audited partner relationships, its Northeast location and Siemens/KHS/Praj automation as its moat, and says it aims to be the natural first-choice contract manufacturer for major MNCs.

78.9%Stake acquired in CMJ Breweries
Stake acquired in CMJ Breweries: 78.90%.
More numbers
  • Revenue from operations, Q1 FY27₹53.04 Cr
  • EBITDA (excl. other income), Q1 FY27₹5.15 Cr
  • EBITDA margin, Q1 FY279.71%
  • Consolidated PAT, Q1 FY27₹2.54 Cr
  • Revenue from operations, FY 2025-26₹101.51 Cr
  • Revenue growth, FY 2025-2675%
  • EBITDA, FY 2025-26₹7 Cr
  • Profit after tax, FY 2025-26₹1.49 Cr
  • Net worth, FY 2025-26₹45 Cr
  • Total assets, FY 2025-26₹202 Cr
  • Stake acquired in CMJ Breweries78.90%
Source: BSE · 22 Oct 2026

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