Northern Spirits reported a net profit of ₹927.49 lakh for the quarter ended June 30, 2026, rising 25.7% year-on-year from ₹738.02 lakh in Q1FY26. Revenue from operations increased 12.1% to ₹59,879.14 lakh, up from ₹53,412.48 lakh in the corresponding period last fiscal.

The Kolkata-based spirits trader saw its profit before tax climb to ₹1,220.38 lakh from ₹971.08 lakh a year ago. This improvement occurred despite a decline in other income, which fell to ₹49.93 lakh from ₹33.86 lakh, indicating the growth was primarily operational rather than driven by non-recurring gains. Tax expenses remained relatively stable at ₹292.89 lakh compared to ₹233.06 lakh in Q1FY26.

Financial Performance Highlights

Expenses grew at a slightly lower rate than revenue, aiding margin expansion. Purchases of stock-in-trade, the largest expense component, rose 5.5% to ₹51,596.77 lakh. Other expenses increased significantly to ₹6,092.96 lakh from ₹3,168.31 lakh, representing a 92.3% jump, though this still allowed overall profitability to improve. Finance costs edged up to ₹453.16 lakh from ₹402.02 lakh.

What the Numbers Show

The divergence between revenue growth (12.1%) and expense growth (11.9%) highlights improved operational efficiency in Q1FY27. While 'other expenses' nearly doubled, the company managed to keep core inventory-related costs in check relative to sales volume. The decline in other income means the entire profit uplift came from the core trading business, suggesting stronger pricing power or better cost management in its spirits distribution network.

The Board of Directors approved the unaudited financial results on August 13, 2026, following a review by the Audit Committee. The results were prepared in accordance with Indian Accounting Standards and Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Statutory auditors M/s J K S S & Associates issued a limited review report with an unmodified opinion, confirming the statements disclose all required information without material misstatement.

Northern Spirits has appointed Shweta Almal as its Company Secretary and Compliance Officer, effective August 3, 2026. The Board of Directors approved the appointment during a meeting held on Monday, August 3, 2026. This decision follows the resignation of the previous company secretary, ensuring continuity in the company’s regulatory compliance and corporate governance functions.

The appointment was made based on the recommendation of the Nomination and Remuneration Committee. Shweta Almal, holding Membership No. A35039 with the Institute of Company Secretaries of India (ICSI), will serve as a Key Managerial Personnel under Section 203 of the Companies Act, 2013. Additionally, she assumes the role of Compliance Officer under Regulation 6(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Almal has affirmed that she is not debarred from holding office by any order from the Securities and Exchange Board of India or other relevant authorities.

Almal holds a Bachelor of Commerce (Honours) degree from the University of Calcutta and is a qualified Company Secretary. She brings over 10 years of experience in company law, finance, secretarial matters, and compliance. At 39 years old, she joins Northern Spirits with no shareholding in the company, as disclosed in the filing.

Appointment Details

The Board meeting also addressed other routine business items. The appointment was authorized by Ankush Bakshi, Managing Director of Northern Spirits Limited, whose digital signature authenticated the disclosure submitted to BSE Limited. The registered office of the company remains at 5A, Woodburn Park Road, Woodburn Central Unit-603, 6th Floor, Kolkata-700020.

Regulatory Compliance

The disclosure was made in accordance with Regulation 30 of the SEBI LODR Regulations, 2015, read with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, updated as on January 30, 2026. The filing confirms that there are no relationships between directors requiring disclosure in this context. The change in key managerial personnel is part of standard corporate governance practices to maintain statutory compliance and operational efficiency.