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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.
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