ADVERTISEMENT
Globus Spirits Shares Can Rally 55%, Says Dolat Capital As It Initiates Coverage
From super bull (FY22) to a super bear cycle (FY25) - Dolat Capital initiates coverage on Globus Spirits with ‘Buy’ rating,
16 Jul 2025, 09:30 AM IST 
Globus Spirits is a multi-year growth and compounding story with a long runway of growth, especially in the key Indian-made Foreign liquor segment.
(Photo source: Company website)
In FY20-22, Globus Spirits experienced unprecedented growth driven by healthy demand, favorable government policies, and raw material prices, positioning it as a key player in the ethanol and ENA segments. However, as industry challenges such as rising input costs, regulatory hurdles, and changing market sentiments emerged, the prospects began to dampen, leading to subdued performance over FY22-25.
