I think it’ll further go down.
Disc: Not invested.
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Management is very confident about future profitability and growth.
→ Prestige and above segment has shown highest ever growth number of 145% year-on-year and 100% quarter-on-quarter.
→ The management believes that the profitability of the manufacturing business will stabilize in the range of 5 to 7 rupees per liter with additional margins that Ena bring.
→ The government’s pricing of rice through the Food Corporation of India (FCI) will reduce the volatility of raw material prices and stabilize margins. This is because FCI is now a supplier of rice, providing a new source of raw material at fixed prices. This creates a ceiling on raw material prices and a floor on margins.
→ IMFL business segment will breakeven in the coming Quatres and continue to grow in double digit. IMIL will continue to grow in mid single digit. Manufacturing will see a de-grow from ~2027 onwards (and its a good thing as it will bring down the volatility in the margins.)
→ The main growth driver will be prestige and above segment.
→ listen to the concall lot more points, interesting.
WWhiskiesA25-WinnerList-A4-v3.pdf (1.5 MB)
Search by Doaab. Received Bronze in its category.
Globus is coming into low alcohol beverages category and also launching beer so they will complete portfolio of brands and this will help them in being present in most of alcohol categories present in India
For rice you have multiplied by 2.2kg, but for equivalent qty of fuel lesser maize will be required to process is it not?
And, in current pricing terms
FCI is releasing rice at 23, and OMC offtake at 59 (rice) , plus DDGS is 16/kg
Given above pricing GM% remains the same, so can we say that going ahead numbers will revert up.
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Notes on Global Spirits
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https://www.bseindia.com/xml-data/corpfiling/AttachLive/a13002db-46a1-404c-94b0-1c4174e7576d.pdf Another award for Doaab and Terai at international stage. Long way to go.
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Carib in India now. Commercial production started in UP. https://www.bseindia.com/xml-data/corpfiling/AttachLive/1d61659d-8d77-410b-9416-37393a612edc.pdf
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Requesting someone to upload the investor presentation here. For overseas persons, Bse and Nse websites are blocked. Thanks in advance.
Globus_Spirit_Q4’25.pdf (3.2 MB)
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You can get the investor presentations and concall transcripts from Tijori finance as they are storing the data on amazon aws cloud server
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Doaab second expression won the gold prize with 92 points in Asia Spirits Ratings.It has beaten India’s top single malt seller Indri(85 points) and United spirits Godawan(81 points)..
Globus spirits nailed it with mizunara casks.Its first Indian single malt from japanese cask.
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Page 5 of 22 : Storong statement
Our total consumer portfolio today comprises 22 brands, including three Millionaire Brands and world-class luxury offerings. We are ready to transform from a regional liquor business to a national beverage platform.
For Globus to convert company from commodity producer to consumer supplier and to accomplish 2029 vision , success in UP Market is the most important.
UP has MGQ minimum guaranteed quota system for its retailers to buy and sale liquor.
3 points which puts Globus in advantage position are following
- rule that retailer can not buy more than 85% from one company !!(negative for leaders wave/ radico, advantage globus/allied)
- this year onwards UP will encourage tetra pack (incumbent wave has huge investment in glass bottles) , globus is tetra ready and conusmer thinks it as premium in general, and retailer may opt for it to fill balance 15% to avoid penalties in terms of excise on unused quota.
- new system of shop allotment through e-lottery and restriction of multiple shops to same person , hopefully will break retailer-supplier nexus in UP. (will help globus invade fortress of wave/radico).
Disc: invested.
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