Best Liquor Stocks in September 2025: Tilaknagar Industries, Som Distilleries and Breweries & More Based on 5Y CAGR

India is emerging as one of the fastest-growing markets for alcoholic beverages. The Indian alcoholic beverages market was valued at USD 60.48 billion in FY2023 and is projected to grow at a CAGR of 6.93% between FY2024 and FY2031, reaching USD 103.37 billion by FY2031. In this article, we explore some of the best liquor stocks in September 2025, based on the 5yr CAGR.

Best Liquor Stocks in September 2025 Based on 5Y CAGR

Note: The best liquor stocks listed above are picked as per market capitalisation above ₹1,000 crore and are sorted as per 5Y CAGR as of August 29, 2025.

Overview of Best Liquor Stocks in September 2025

1. Tilaknagar Industries Ltd

Tilaknagar Industries Ltd is mainly involved in the manufacturing and sale of Indian Made Foreign Liquor (IMFL). For Q1 FY26, the company reported consolidated net revenue from operations of ₹409.1 crore, marking a 30.6% year-on-year growth compared to ₹313.2 crore in Q1 FY25. Profit After Tax (PAT) excluding exceptional items surged 120.8%, rising to ₹88.5 crore from ₹40.1 crore in the same quarter last year.

Key metrics:

• ROCE: 31.11%
• ROE: 24.28%

2. Som Distilleries and Breweries Ltd

Som Distilleries & Breweries Ltd is a prominent alcoholic beverages company in India, engaged in producing and marketing Beer and IMFL. In Q1 FY2026, the company reported a total income of ₹530.07 crore, up from ₹340.02 crore in Q4 FY2025, registering a growth of 55.89% (₹190.05 crore increase). PAT rose to ₹42.06 crore, compared to ₹23.73 crore in the previous quarter, reflecting a 77.24% growth (₹18.33 crore increase).

Key metrics:

• ROCE: 20.88%
• ROE: 17.86%

3. Radico Khaitan Ltd

Radico Khaitan is amongst the most recognised IMFL brands in India. For Q1 FY2026, the company recorded gross revenue from operations of ₹5,313.5 crore, a 24.6% increase compared to ₹4,265.6 crore in Q1 FY2025. Net profit stood at ₹133.3 crore, up 74.7% from ₹76.3 crore in the same period last year.

Key metrics:

• ROCE: 17.43%
• ROE: 13.31%

4. Globus Spirits Ltd

Globus Spirits Limited is engaged in the manufacturing and sale of Indian Made Indian Liquor (IMIL), IMFL, bulk alcohol, hand sanitizers, and franchise bottling services. In Q1 FY2026, the company reported a total income of ₹7,013 million, reflecting a 9% year-on-year increase from ₹6,439 million in Q1 FY2025. PAT rose to ₹185 million, up 13% compared to ₹164 million in the same quarter last year. 

Key metrics:

• ROCE: 6.38%
• ROE: 2.38%

5. Associated Alcohols & Breweries Ltd

Associated Alcohols & Breweries Ltd is engaged in the manufacturing and trading of Extra Neutral Alcohol (ENA), Indian Made Indian Liquor (country liquor), IMFL, and hand sanitizers. Net revenue from operations remained flat year-on-year at ₹2,667 million, while PAT rose 34% YoY to ₹237 million, highlighting improved profitability despite stable revenues.

Key metrics:

• ROCE: 20.30%

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Conclusion

The Indian liquor industry is witnessing rapid evolution, with companies broadening their product offerings, venturing into new segments, and pursuing strategic acquisitions. As in any sector, performance is also shaped by external factors such as regulatory shifts, rising input costs, and changing consumer preferences. Hence, investors should consider both financial metrics and qualitative developments before making informed investment decisions in this space.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.