Globus Spirits - Optimal Asset Allocation Driving Profitability: ICICI Direct
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
Globus Spirits Ltd. is the largest grain based extra neutral alcohol manufacturer in India with a capacity of 160 million litre.
The company is also a supplier of Indian made Indian liquor and premium Indian made foreign liquor in India.
Globus Spirits’ capacity is expected to more than double from 16 crore litre in FY21 to ~33 crore litre in two years.
The management’s strategy of setting up capacities in ENA deficit states (West Bengal, Bihar, Jharkhand, etc) would enable quicker utilisation at higher realisation, once commercialised.
Post commercialisation of capacities, the management intends to build its consumer business in the states, by providing products at different price points and upgrading its range of offerings to cater to different tastes.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.