Globus Spirits - New Capacities Planned, Margin Continues To Expand: ICICI Direct

Empty bottles sit at a distillery. (Photographer: Lisette Poole/Bloomberg)

Globus Spirits - New Capacities Planned, Margin Continues To Expand: ICICI Direct

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

For FY21, Globus Spirits Ltd. reported strong profit generation, led by its niche positioning in the Indian made Indian liquor segment (higher volumes, realisation).

Bulk segment, on the other hand, saw a largely flat performance, due to higher volatility in liquor sales during the year (weak H1).

Overall, net revenues during the year grew 5% YoY to Rs 1,231 crore, led by 24% growth in Indian made Indian liquor segment (44% of net revenues).

Ebitda doubled YoY to Rs 255 crore mainly due to strong expansion in Ebitda margin (clocked highest ever Ebitda margin of 24.7% in Q4, 20.7% in FY21, led by higher gross margins, lower fuel, freight and power cost).

Click on the attachment to read the full report:

ICICI Direct Globus Spirits Company Update.pdf

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