Igl Spirits Limited (iglspirits) Lists on BSE and NSE on 4th November 2026

IGL Spirits Limited (IGLSPIRITS) has officially listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on November 4, 2026. This marks a significant milestone for the company, which operates across portable spirits and biofuels with a robust portfolio of spirits brands and integrated manufacturing capabilities.

Diverse Portfolio and Manufacturing Strength

IGL Spirits boasts a diverse portfolio spanning whisky, rum, vodka, and branded non-IMFL categories, offering products across different price segments. Supported by manufacturing facilities in Kashipur, Uttarakhand, and Gorakhpur, Uttar Pradesh, the company has established distribution channels and strategic partnerships.

Strategic Partnerships and Market Position

The company has longstanding manufacturing relationships with Bacardi and a partnership with Amrut for distributing select brands across North India. It also supplies approved spirits brands through the Canteen Stores Department and paramilitary channels. IGL Spirits ranks among India’s top five spirits companies by sales volume and holds the leading position in the Branded non-IMFL segment in Uttar Pradesh and Uttarakhand.

Financial Performance and Growth

As a standalone listed entity, IGL Spirits will benefit from sharper management focus and greater capital allocation flexibility, enhancing its ability to pursue strategic consolidation opportunities. The potable spirits business recorded sales of 30 million cases in FY26, generating net revenue of Rs 1,331 crore, while the biofuels business contributed Rs 1,470 crore. The combined revenue for the potable spirits and biofuels business reported a combined revenue of Rs 2,801 crore in FY26, compared to Rs 2,219 crore in FY25 and Rs 1,459 crore in FY24.

The company’s EBITDA increased to Rs 492 crore in FY26 from Rs 350 crore in FY25 and Rs 224 crore in FY24. EBITDA margin improved from 15.4% in FY24 to 17.6% in FY26. Profit after tax stood at Rs 244 crore in FY26, compared with Rs 151 crore in FY25 and Rs 88 crore in FY24. With an annual ethyl alcohol capacity of 379 million litres and potable alcohol capacity of 136 million litres, IGL Spirits is well-positioned to capitalize on growth opportunities in both segments.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of IGL Spirits Limited

IGL Spirits Limited. Here’s a quick read on where the business and the stock stand today.

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