Q1 2025 Globus Spirits Ltd Earnings Call Transcript
Key Points
- Margin improvement in Q1 FY25 due to a shift from rice to maize and a good Rabi crop in East India.
- Procurement of additional maize inventory helped control raw material costs.
- High-growth Prestige & Above segment saw a sales volume increase of 292% year-on-year and 50% quarter-on-quarter.
- Expansion into new markets like Goa, increasing the total number of states to seven.
- EBITDA margin improved to 8% in Q1 FY25 from 4% in Q4 FY24.
- Volatility in margins due to changes in raw material costs and government policies.
- Challenges in maintaining consistent supply and quality due to the shift to maize.
- High raw material prices, particularly maize, continue to pressure margins.
- Significant capital expenditure (INR120 crores) required for new facilities in UP.
- Lower throughput on maize compared to rice, leading to reduced production capacity.
Ladies and gentlemen, good day, and welcome to the Globus Spirits Limited Q1 FY25 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
We have with us today on the call from the management team of Globus Spirits Limited, Mr. Shekhar Swarup, Joint MD; Mr. Paramjit Gill, CEO, Consumer Division; Mr. Bhaskar Roy, COO; Mr. Nilanjan Sarkar, CFO; along with Stellar IR Advisors. The management will be sharing key updates and financial highlights for the quarter ended June 30, 2024, which will be followed by a question-and-answer session.
Please note, this call may contain some of the forward-looking statements, which are completely based upon the company's beliefs, opinions and expectations as of today. These statements are not a guarantee of the future performance and involve unforeseen risks and uncertainties.
The company also undertakes no obligation to update any forward-looking statement to reflect developments that occur after a statement is made. Documents relating to company's financial performance are available on the website of
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