The company operates across portable spirits and biofuels, with an established portfolio of spirits brands and integrated manufacturing capabilities.

IGL Spirits Limited (“IGL Spirits”), the demerged potable spirits and biofuels business of India Glycols Limited, has today (November 4, 2026) listed on Indian stock exchanges, BSE Limited and National Stock Exchange of India Limited.

IGL Spirits has a portfolio spanning whisky, rum, vodka and Branded non-IMFL categories with offerings across different price segments. Its operations are supported by manufacturing facilities in Kashipur, Uttarakhand and Gorakhpur, Uttar Pradesh, alongside established distribution channels and strategic partnerships. The potable spirits business has a longstanding manufacturing relationship with Bacardi and a partnership with Amrut covering the distribution of 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 eading position in the Branded non-IMFL segment in Uttar Pradesh and Uttarakhand. As a standalone listed entity with an independent balance sheet, 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. IGL Spirits has an annual ethyl alcohol capacity of 379 million litres and potable alcohol capacity of 136 million litres across its manufacturing operations.

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. 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.