Ravi Kumar Distilleries LimitedQ1 FY27 Results & Financial Update

Ravi Kumar Distilleries Limited: Q1 FY27 standalone results and company financials – revenue ₹12.47 Cr, PAT ₹0.07 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: RKDLPublished 17 Oct 2026Updated 17 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹12.47 CrReported Q1 FY27
Profit after tax₹0.07 CrReported Q1 FY27
EPS₹0.03Reported Q1 FY27

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Quarterly Results AnalysisExplore Ravi Kumar Distilleries Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.

Quarter overview

Quarterly earnings analysis

01

Ravi Kumar Distilleries Limited reported standalone revenue from operations of INR 12.47 crore for the quarter ended June 30, 2026. Total income for the period stood at INR 13.72 crore, supported by other income of INR 1.24 crore.

02

The bottom line for the quarter remained positive, with profit after tax (PAT) recorded at INR 0.0683 crore, yielding basic and diluted earnings per share of INR 0.03. Profit before tax before and after exceptional items matched at INR 0.0683 crore as no exceptional items were recognized during the quarter.

03

Total expenses for Q1 FY27 reached INR 13.65 crore, dominated by a substantial excise duty outlay of INR 8.78 crore. Cost of materials consumed stood at INR 0.2640 crore alongside purchases of stock-in-trade worth INR 0.0983 crore, offset by a negative inventory change of INR 0.0728 crore.

04

Other expenses expanded to INR 1.30 crore during the quarter, while employee benefit expenses were reported at INR 0.0429 crore. Finance costs and depreciation and amortization settled at INR 0.0087 crore and INR 0.1507 crore respectively.

05

Statutory auditors issued a qualified review report highlighting several ongoing disputes, unconfirmed ledger balances, and pending statutory dues. The company did not record provisions for expected credit losses on long-standing disputed receivables and investments, citing ongoing legal proceedings.

06

Profit after tax was ₹0.07 Cr for the reported quarter. EPS was ₹0.03 for the reported quarter.

01 · Business model

What does Ravi Kumar Distilleries do?

Ravi Kumar Distilleries Limited operates in the alcoholic beverages sector, focusing on the manufacturing and marketing of Indian Made Foreign Liquor (IMFL). The company produces and supplies various liquor brands catering to different market segments.

Its operational footprint is anchored by manufacturing facilities located in Puducherry, India, allowing the enterprise to serve its regional distribution channels and tie-up manufacturing partners.

The economic model relies on bulk and branded alcohol production, subject to state excise policies, raw material availability, and contractual tie-up manufacturing arrangements.

02 · Historical context

What shaped the business before this quarter

Legal and Corporate Disagreements Origin

The company has been involved in protracted multi-forum legal disputes regarding past agreements, including a coerced agreement for the sale of its entire undertaking related to Liquors India Limited and disputed advances dating back to 2011 and 2012.

Regulatory Interventions

SEBI issued an order on March 12, 2019, directing specified parties to return INR 33.83 crores along with interest at 12% per annum to the company, which forms the basis for management's ongoing recovery actions.

03 · Financial snapshot

Current-quarter financial snapshot

MetricQ1 FY27
Revenue from operations₹12.47 Cr
Total income₹13.72 Cr
Profit before tax₹0.07 Cr
Profit after tax₹0.07 Cr
EPS₹0.03

Financial interpretation

What the reported numbers mean

Profit conversion

Profit after tax represented 0.5% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.

Pre-tax earnings

Profit before tax was equivalent to 0.5% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.

Operating revenue versus total income

Total income exceeded operating revenue by ₹1.24 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.

Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.

04 · Why it moved

Why the quarter looked the way it did

What drove revenue

IMFL Operations

Revenue from operations of INR 12.47 crore was driven exclusively by the manufacturing and sale of Indian Made Foreign Liquor, which represents the company's single reportable operating segment.

Creditor Write-Back Support

Other income of INR 1.24 crore was bolstered during the quarter by the write-back of a sundry creditors balance amounting to INR 0.40 crore that had been outstanding for a substantial period and was deemed no longer payable.

What drove margins

Excise Duty Burden

Excise duty outlays formed the largest single cost component at INR 8.78 crore, heavily impacting the gross-to-net income spread during the quarter.

Input and Operating Cost Structure

Material consumption costs stood at INR 0.26 crore while other operating expenses increased to INR 1.30 crore, constraining overall operating profitability alongside finance costs of INR 0.0087 crore.

05 · Demand, customers & order book

Where demand is coming from

Unconfirmed Balances

Auditors noted that balance confirmations were not obtained as of June 30, 2026, for certain financial assets including sundry debtors, sundry creditors, and tie-up manufacturing parties.

06 · Segments, products & geography

Which parts of the business are doing the work

Segments and products

Single Business Segment

The company operates in a single reportable segment, which is the manufacturing of Indian Made Foreign Liquor (IMFL), as per Ind-AS segment reporting disclosures.

07 · Strategy & new businesses

How the company is trying to change its growth mix

Investment Valuation Policy

The company continues to carry its current investment in shares of S V Distilleries Private Limited at cost.

08 · Reported developments

What changed operationally

Profitable Quarter Operation

The company registered a positive net profit of INR 0.0683 crore for the quarter ended June 30, 2026.

Liability Extinguishment

The write-back of INR 0.40 crore of long-outstanding sundry creditors added to other income after management determined the liabilities were no longer payable.

09 · Pressure points & risks

What is not going smoothly

Disputed Undertaking Sale

The company's agreement for the sale of its undertaking involving Liquors India Limited remains sub-judice across the NCLAT, Supreme Court, and civil courts, with advances received from Lemonade Shares and Securities carried under other current financial liabilities.

Pending Statutory Dues

Statutory dues amounting to INR 2.91 lakh (INR 291.15 lacs) remained pending with government authorities, and the company has not accrued provisions for interest on delayed deposits.

10 · Beyond the numbers

What changed beyond the numbers

Reported update

Legal Proceedings and Charge Sheet

Police authorities have filed a charge sheet against Anil Agrawal and 82 others pursuant to investigations directed by the Supreme Court regarding corporate disputes.

11 · Key Q&A

The quarter, answered directly

What does Ravi Kumar Distilleries do?

Ravi Kumar Distilleries Limited operates in the alcoholic beverages sector, focusing on the manufacturing and marketing of Indian Made Foreign Liquor (IMFL). The company produces and supplies various liquor brands catering to different market segments.

What is the clearest takeaway from Q1 FY27?

Ravi Kumar Distilleries Limited reported standalone revenue from operations of INR 12.47 crore for the quarter ended June 30, 2026. Total income for the period stood at INR 13.72 crore, supported by other income of INR 1.24 crore.

What drove revenue or demand?

Revenue from operations of INR 12.47 crore was driven exclusively by the manufacturing and sale of Indian Made Foreign Liquor, which represents the company's single reportable operating segment.

What mattered most for margins or profitability?

Excise duty outlays formed the largest single cost component at INR 8.78 crore, heavily impacting the gross-to-net income spread during the quarter.

What changed operationally beyond the headline numbers?

The company continues to carry its current investment in shares of S V Distilleries Private Limited at cost.

What are the main pressure points disclosed for the quarter?

The company's agreement for the sale of its undertaking involving Liquors India Limited remains sub-judice across the NCLAT, Supreme Court, and civil courts, with advances received from Lemonade Shares and Securities carried under other current financial liabilities.

12 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

Starting point

Build your own next-quarter scenario

Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.

Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.

Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%

The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.

13 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Legal and Recovery Proceedings: Track developments in the NCLAT appeals, Supreme Court special leave petitions, and civil recovery suits concerning disputed advances and investments in Liquors India Limited.

  2. 02

    Statutory and Creditor Confirmations: Monitor resolution of pending statutory dues and the collection of balance confirmations from sundry debtors, creditors, and tie-up parties.

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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.

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