Mumbai, May 6 -- Revenue from operations (excluding excise duty) fell 3.14% YoY to Rs 2,250.07 crore in Q4 FY26.

Profit before exceptional items and tax declined to Rs 42.28 crore in Q4 FY26 from Rs 132.07 crore a year ago. The company reported exceptional items during the quarter, primarily comprising a Rs 74.04 crore gain from the sale of freehold land, partly offset by higher gratuity and long-term compensated absence liabilities following new labour code implementation.

Sell-in volumes grew 4.1% in Q4 FY26, while sell-out volumes increased in the high single digits. Premium segment volumes rose 16%, outperforming the overall portfolio. The company noted that volume growth was largely driven by markets serviced through contract brewe...