Q2 2025 Globus Spirits Ltd Earnings Call Transcript
Key Points
- Globus Spirits Ltd (BOM:533104) reported strong traction for its brands across key markets, with several new brand launches in strategically chosen segments.
- The company witnessed robust growth in its Prestige segment, with sales volume increasing by 152% year-on-year for the quarter and 104% for the half-year.
- The launch of Doab India Craft Whiskey and other premium offerings has positioned the company well in the luxury segment.
- The company has successfully received ethanol orders as per its capacity utilization targets, indicating strong demand in the manufacturing segment.
- Globus Spirits Ltd is expanding its market presence by entering the Uttar Pradesh market, which is significantly larger than its current markets, offering substantial growth opportunities.
- The manufacturing business is facing margin pressure due to high raw material costs, impacting overall profitability.
- There is uncertainty regarding future price increases in key markets like Rajasthan, which could affect margins in the regular and other segments.
- The company is experiencing volatility in ethanol margins, with current margins being lower than historical averages.
- The entry into the Uttar Pradesh market may initially result in reduced profitability due to the lack of backward integration and higher initial costs.
- The company is making significant capital expenditures for technology upgrades and market expansion, which could strain financial resources in the short term.
Ladies and gentlemen, good day and welcome to the Global Spirits Limited Q2 and H1 FY '25 conference call. (Operator Instructions.)
I now hand the conference over to Mr (inaudible) from Stellar Investor Relations Advisors. Thank you and over to you, sir.
Good afternoon, everyone and thank you for joining us today. And with us today senior management team of Global Spirits Limited. Mr Shekhar Swarup Joint Managing Director, Paramjit Gill CEO of Consumer Division, Dr Bhaskar Roy COO and Nilanjan Sarkar CFO who will represent Global Spirits Limited on the board. The management will be sharing the key operating and financial highlights for the quarter and half year ended, September 30, 2024, followed by a question and answer session.
Please note this call may contain some of the forward-looking statements which are completely based upon our beliefs, opinions and expectations as of today. These statements are not a guarantee of future performance and involve unforeseen risk and uncertainties. The company also undertakes no obligation to
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