BSECompany Update6d ago · 14 Aug 2026, 03:44 pm
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India Glycols Ltd · 500201
✦ AI Summary▲ PositiveResults
India Glycols Ltd has announced its Q1FY27 earnings, with a robust performance driven by a diversified portfolio and focused execution. The company has reported double-digit growth in Gross Revenue, EBITDA, and PAT. The proposed restructuring has received NCLT approval, with implementation activities progressing.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk1/10
Balance Sheet Risk3/10
Liquidity Impact9/10
Market Sentiment8/10
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Full Announcement
India Glycols Ltd - 500201 - Announcement under Regulation 30 (LODR)-Investor Presentation
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IGL/SE/2026-27/39
14th August, 2026
The Manager (Listing) The Manager (Listing)
BSE Limited National Stock Exchange of India Limited
1st Floor, New Trading Ring, Exchange Plaza, C-1, Block G,
Rotunda Building, P.J. Towers, Bandra Kurla Complex,
Dalal Street, Bandra (East),
Mumbai – 400 001 Mumbai- 400 051
Scrip Code: 500201 Symbol: INDIAGLYCO
Dear Sirs,
Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 – Investor Presentation for Q1FY27 Earnings
Conference Call.
Further to our letter bearing no. IGL/SE/2026-27/35 dated 6th August, 2026 and
pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015, an investor
presentation is attached for the information of the investors.
This same is also being hosted on the Company’s website at
www.indiaglycols.com.
This is for your information and record.
Thanking you,
Yours truly,
For India Glycols Limited
Ankur Jain
Head (Legal) & Company Secretary
Encl: A/a
Investor
Presentation
Q1FY27
Safe Harbor Statement
This presentation and the following discussion may contain “forward-looking statements” by India Glycols Limited (“IGL” or the
company) that are not historical in nature. These forward-looking statements, which may include statements relating to future
results of operations, financial condition, business prospects, plans and objectives, are based on the current beliefs, assumptions,
expectations, estimates, and projections of the management of IGL about the business, industry and markets in which IGL operates.
These statements are not guarantees of future performance, and are subject to known and unknown risks, uncertainties, and other
factors, some of which are beyond IGL’s control and difficult to predict, that could cause actual results, performance or
achievements to differ materially from those in the forward-looking statements. Such statements are not, and should not be
construed, as a representation as to future performance or achievements of IGL.
In particular, such statements should not be regarded as a projection of future performance of IGL. It should be noted that the
actual performance or achievements of IGL may vary significantly from such statements.
Table of Contents
01 Proposed Restructuring
02 Q1 FY27 Financial Highlights
03 Business Overview
Key Strengths
05 Annual Financial Highlights
06 Annexures
Q1 FY27 Performance Highlights (Current Structure)
Robust Performance Reflects Strength of Diversified Portfolio and Focused Execution
IGL delivered a strong start to FY27 with double-digit growth in Gross Revenue, EBITDA and PAT, supported by a
balanced portfolio and improving profitability
Q1 FY27 Gross Revenue up + 19%, Net Revenue up + 9%, EBITDA up + 13%, and PAT up + 32%
• Business portfolio remains well diversified, strengthening the premiumisation and margin enhancement journey
• The spirits business recorded revenue of ₹ 361 Cr (+5.3% YoY) and EBITDA growth of 14.2% YoY. The company retained dominant market
shares in UP and Uttarakhand while benefiting from premium product offerings and new product approvals
• Chemicals revenue increased 20.6% YoY to ₹ 362 Cr, driven by Bio-Glycols, Green Solvents, and Performance Chemicals
• BF reported revenue of ₹ 323 Cr, with EBIT rising 19% YoY to ₹ 27 Cr and EBIT margin at 8.4%.
• EB reported its best-ever Q1, with revenue rising 65% YoY and EBITDA increasing 188% YoY. Growth was supported by new customer
acquisitions, nutraceutical launches, nicotine business expansion, and improved operating efficiencies.
• Finance Costs declined to ₹ 25 Cr in Q1FY27 from ₹ 45 Cr in Q1FY26, on account of debt reduction, supporting profitability growth
• Debt levels reduced during the quarter, while the debt-to-equity ratio also improved. The company is also refinancing higher-cost
borrowings with lower-cost debt to further improve financial efficiency
• The proposed restructuring has received NCLT approval, with implementation activities progressing. The demerger is expected to create
focused business entities and unlock value for shareholders over the medium term
Proposed
Restructuring
Approved Demerger creates three focused platforms
The NCLT sanctioned the Scheme of Arrangement on 17 July 2026. Upon effectiveness, the Spirits, Bio Fuel and Biopharma undertakings will
transfer to dedicated resulting companies, while the remaining business continues within IGL
India Glycols IGL Spirits Ennature Bio
Limited Limited Pharma
SEGREGATES Limited
INTO Retained Businesses :
Spirits Business Bio Pharma Business
Chemicals
PRE-DEMERGER Bio Polymers Business
IMFL, Country Liquor
Glycols
India Glycols
Bio-Fuel Business
Limited Bio Glycols
Integrated portfolio New Specialty Products
BSPC • Potable Spirits •
Bio Fuel • Ennature Industrial Gases
Biopharma
Already Listed on NSE & BSE To Be Listed on NSE & BSE To Be Listed on NSE & BSE
FY26 Net Revenue
₹ 4,211 Cr
Financial Performance – Q1 FY27 (New Structure)
IGL Spirits Limited India Glycols Limited Ennature Bio Pharma Limited
NET REVENUE NET REVENUE NET REVENUE
₹ 694 Cr ₹ 345 Cr ₹ 90 Cr
(1% YoY) +24% YoY +53% YoY
EBITDA EBITDA EBITDA
EBITDA EBITDA EBITDA
Margin% Margin% Margin%
₹ 120 Cr 17.3% ₹ 40 Cr 11.6% ₹ 10 Cr 11.1%
+17% YoY vs 14.7% in Q1FY26 +12% YoY vs 14.7% in Q1FY26 +100% YoY vs 8.5% in Q1FY26
Q1FY27 Net Revenue EBITDA EBITDA Margin%
Overall
Performance ₹ 1,130 Cr ₹ 170 Cr 15.0%
+9% YoY +13% YoY vs. 14.3% YoY in Q1FY26
IGL Spirits Limited – Q1FY27
IGL Spirits
Spirits Business Bio Fuel Business
NET REVENUE EBITDA Margin%
₹ 371 Cr * 22.9%
+5% YoY +207 bps
NET REVENUE
IMFL ^ Non-IMFL
₹ 323 Cr
(7% YoY)
NET REVENUE NO. OF CASES NET REVENUE NO. OF CASES
EBITDA Margin%
₹ 92 Cr 1.4 Mn ₹ 279 Cr 7.5 Mn 10.8%
+26% YoY +55% YoY (1% YoY) +6% YoY +250 bps
* Includes Other Operating Income ^ IMFL includes Prestige & Above, Regular and others 8
Business Outlook – IGL Spirits Limited
01 Accelerating IMFL Growth & Premiumization 04 Backward Integration Driving Cost Advantage
IMFL volumes targeted to double through new brand launches, Captive high-quality ENA capacity, strategic raw material
increasing contribution from higher-margin white spirits, and sourcing, and the planned malt plant provide supply security,
expansion into premium categories and new brands with margin protection, product quality consistency, and sustainable
strong pipeline; Strategic partnership with Amrut for bottling cost leadership; flexible manufacturing and multiple alcohol
and marketing has strengthened the IMFL platform, positioning monetization routes
the segment for sustained growth
02 Geographic & Channel Expansion 05 Market Leadership in Branded Non-IMFL
Growth driven by deeper penetration in existing markets (UP, Strong leadership position led by Bunty Bubli, India's highest-
Uttarakhand & Delhi), entry into new states such as Kerala, selling Non-IMFL brand, supported by strong market share,
Andhra Pradesh, and Haryana, and enhanced focus on the superior gross margins, and industry-leading profitability;
Defence/CSD channel with planned introduction of 3-4 new continuously maintaining strong market share in UP despite new
brands entrants (from 4 to 20 players) and majority share in UK along
with strong brand positioning & loyalty; Various accolades won
from Limca Book of Records & Asia Book of Records
03 Strong Manufacturing Platform & Strategic
Partnerships 06 Long-Term Value Creation with Disciplined Capital
Long-standing Bacardi relationship, best-in-class Allocation
manufacturing infrastructure, and dedicated production lines • Encouraging outlook for FY27, expecting to deliver EBITDA in
with exclusive facility in the country for spirit maturation,
excess of ₹ 500 Cr
reinforce the company's position as a trusted partner for
• Premium portfolio development through spirit maturation,
leading global spirits companies
continued brand-led growth, and a debt-free operating
model underpin the company
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