Globus Spirits Ltd
BSE:533104
Globus Spirits Ltd
Globus Spirits Ltd. operates as a holding company, which engages in the manufacture and sale of Indian made Indian liquor, bulk alcohol and franchise bottling. The company is headquartered in New Delhi, Delhi. The company went IPO on 2009-09-23. Its business segments are divided into manufacturing and consumer business. The Company’s consumer products include Ghoomar, Heer Ranjha, Shahi, Goldee-Blue and Red, GR8 Times, Rajputana, Globus Spirits Dry Gin, White Lace and TERAI India Dry Gin. The Company’s manufacturing products include grain neutral alcohol, bioethanol, special denatured spirit, technical alcohol and fusel oil. The firm's IMIL brands include Nimboo, Goldee, Heer Ranjha and Narangi. The firm has one subsidiary M/s Unibev Limited.
Globus Spirits Ltd. operates as a holding company, which engages in the manufacture and sale of Indian made Indian liquor, bulk alcohol and franchise bottling. The company is headquartered in New Delhi, Delhi. The company went IPO on 2009-09-23. Its business segments are divided into manufacturing and consumer business. The Company’s consumer products include Ghoomar, Heer Ranjha, Shahi, Goldee-Blue and Red, GR8 Times, Rajputana, Globus Spirits Dry Gin, White Lace and TERAI India Dry Gin. The Company’s manufacturing products include grain neutral alcohol, bioethanol, special denatured spirit, technical alcohol and fusel oil. The firm's IMIL brands include Nimboo, Goldee, Heer Ranjha and Narangi. The firm has one subsidiary M/s Unibev Limited.
Margin Expansion: Gross margin expanded by 150 bps quarter-on-quarter and 500 bps year-on-year, driven by lower raw material costs and structural business improvements; no one-offs identified.
P&A Growth: Prestige & Above (P&A) segment reported 37% volume growth and 32% revenue growth year-on-year in Q3 (ex-Delhi), with management projecting 50% volume growth in Q4.
Delhi Recovery: Issues in Delhi have been resolved; volumes are normalizing and expected to be fully back on track by the end of Q4.
UP Distillery Update: UP asset worth INR 200 crores to be capitalized in Q4, adding capacity and expected to significantly boost margins once operational.
Raw Material Costs: Raw material prices declined 4% quarter-on-quarter and 15% year-on-year, driving margin improvement; management expects margins to stabilize around INR 6–7 per liter for the year.
Capacity Utilization: Manufacturing capacity utilization at 86% in Q3, slightly above the 80–85% guidance.
Fundraising Flexibility: Board approved an enabling resolution for up to INR 500 crores fundraise, but no immediate or pressing need; actual requirement expected to be lower.
Stable Guidance: Management reaffirmed guidance for bulk business EBITDA margin (INR 5–7/liter), P&A segment EBITDA margin (15–17% by FY29), and comfortable debt-to-EBITDA levels (2x or less).
