Northern Spirits Q1 profit rises 26 per cent to Rs 9.27 crore

MUMBAI: Northern Spirits has raised a toast to a stronger first quarter, with the beverage distributor reporting a 25.67 per cent year-on-year increase in profit from continuing operations for Q1 FY27.

The Kolkata-headquartered company reported profit of Rs 927.49 lakh, or Rs 9.27 crore, for the quarter ended June 30, 2026, compared with Rs 738.02 lakh in the year-ago period. Sequentially, profit jumped 86.32 per cent from Rs 497.79 lakh in Q4 FY26.

Basic and diluted earnings per share rose to Rs 5.78 from Rs 4.60 a year earlier and Rs 3.04 in the preceding quarter.

Profit before tax also strengthened, reaching Rs 1,220.38 lakh in Q1 FY27, compared with Rs 971.08 lakh in Q1 FY26 and Rs 702.70 lakh in Q4 FY26.

The bottom line, however, grew faster than revenue.

Revenue from operations stood at Rs 59,879.14 lakh, or Rs 598.79 crore, during the quarter. This was down 2.78 per cent from Rs 615.92 crore in Q4 FY26, but up 12.11 per cent from Rs 534.12 crore a year earlier.

Other income stood at Rs 49.93 lakh, taking total income to Rs 599.29 crore. Total income in Q4 FY26 was Rs 616.84 crore, while the corresponding figure for Q1 FY26 stood at Rs 534.46 crore.

Total expenses fell to Rs 587.09 crore in Q1 FY27 from Rs 609.81 crore in the previous quarter, although they were higher than the Rs 524.75 crore recorded in Q1 FY26.

Purchases of stock-in-trade remained the largest expense at Rs 515.97 crore, compared with Rs 551 crore in Q4 FY26 and Rs 489.22 crore in the year-ago quarter.

Other expenses rose to Rs 60.93 crore from Rs 52.38 crore in the previous quarter and Rs 31.68 crore a year earlier. Finance costs stood at Rs 4.53 crore, against Rs 3.89 crore in Q4 FY26 and Rs 4.02 crore in Q1 FY26.

Current tax expense for the quarter was Rs 2.93 crore, compared with Rs 2.08 crore in Q4 FY26 and Rs 2.33 crore in Q1 FY26.

Northern Spirits continues to operate primarily in the trading and distribution of alcoholic beverages, including spirits and wines. The company said no operations were discontinued during the quarter.

Its paid-up equity share capital remained unchanged at Rs 16.05 crore, with a face value of Rs 10 per share.

The financial results were prepared in accordance with Ind AS 34 on interim financial reporting and the applicable SEBI requirements.

The statutory auditors, JKSS & Associates, conducted a limited review under SRE 2410 and issued an unmodified review report.

The results were approved at the company’s board meeting held on August 13, 2026, with the meeting taking place between 1pm and 2pm.

For Northern Spirits, the quarter offered a relatively simple recipe for growth: revenue remained healthy, costs moderated sequentially and profit delivered a much stronger pour.