Total Revenue

–5.5% " " "

Total Revenue in Q1 FY 2026 fell by 5.5% YoY, primarily because a dramatic 28% decline in the Wine and Spirits segment outweighed the modest 1.7% drop in the Beer segment, reflecting broad portfolio shifts and the cumulative impact of prior strategic initiatives and market headwinds. " " "

Beer Segment Revenue

–1.7% " " "

Beer revenue dropped by 1.7% YoY, a modest decline compared to previous periods; this suggests that while the Beer segment had performed strongly in past periods, current modest volume or pricing pressures along with market conditions have slightly eroded its performance. " " "

Wine Revenue

–21.5% " " "

Wine revenue declined by 21.5% YoY, driven by reduced shipment volumes and softer consumer demand, which continue trends seen in past periods and are compounded by strategic repositioning and divestiture impacts that have gradually shifted the portfolio mix. " " "

Spirits Revenue

–63.0% " " "

Spirits revenue dropped sharply by 63% YoY, reflecting aggressive divestitures and a significant drop in shipment volumes as consumer demand weakened, underscoring persistent challenges and the impact of previous adjustments in the portfolio that are now evident in the current period. " " "