Globus Spirits Limited – Investor Presentation Summary

Key Operational Highlights

  • Sold approximately 10 million cases in H1 FY27.
  • Distillation capacity of ~334 million litres annually.
  • Bottling capacity of ~30 million cases annually.
  • Key drivers include premiumization-led growth, deeper market reach, and stronger brand traction.

Segment-wise Performance

  • Regular & Others segment: Revenue of ₹4,677 Mn in Q2 FY27; Volume of 4.46 million cases in Q2 FY27.
  • Prestige & Above segment: Revenue of ₹2,947 Mn in Q2 FY27; Volume of 0.50 million cases in Q2 FY27.
  • Significant change: Prestige & Above segment EBITDA margin improved to -1% in H1 FY27 from -12% in FY25.

Financial Highlights

  • Revenue: ₹15,512 Mn (H1 FY27).
  • EBITDA: ₹1,433 Mn (H1 FY27).
  • PAT: ₹424 Mn (H1 FY27).
  • EBITDA Margin: 9% (H1 FY27).
  • PAT Margin: 3% (H1 FY27).
  • YoY comparison: Revenue up 14% YoY; EBITDA up 17% YoY; PAT up 1% YoY.
  • QoQ comparison: Revenue down 3% in Q2 FY27 vs Q1 FY27; EBITDA down 20% in Q2 FY27 vs Q1 FY27; PAT down 46% in Q2 FY27 vs Q1 FY27.
  • Drivers: Revenue growth offset by increased costs; Q2 FY27 PAT includes higher tax of ₹52 Mn vs ₹33 Mn in Q2 FY26.
  • Key Risks: Raw material price fluctuations, regulatory changes in excise policies.

Geographical Revenue Split

  • Domestic vs Export: Not explicitly specified in presentation.
  • Regional Breakdown: Presence in 13 states including Rajasthan, Uttar Pradesh, Delhi, West Bengal, Assam, Jharkhand, Uttarakhand, Maharashtra, Goa, Punjab, Haryana, Chandigarh, Mumbai (Duty Free).

Balance Sheet Snapshot

  • Net Worth: ₹13,152 Mn (Sept'26).
  • LT Borrowings: ₹689 Mn (Sept'26).
  • ST Borrowings: ₹2,881 Mn (Sept'26).
  • Reserves: Part of Net Worth.
  • Current Assets: ₹9,779 Mn (Sept'26).
  • Current Liabilities: ₹9,029 Mn (Sept'26).
  • Working Capital: Positive (Current Assets > Current Liabilities).
  • Financial Health: Strong cash flow generation; improved liquidity from QIP proceeds.

Capex & Cash Flow Health

  • Capital Expenditure: Capital WIP increased by ₹36 Cr primarily due to malt & bottling capex.
  • Free Cash Flow: Not explicitly specified.
  • Operating Cash Flow: Not explicitly specified.
  • Net Debt Movement: Term loan reduced by ₹155 Cr using QIP proceeds.
  • Investment Rationale: Focus on capacity expansion and technology upgrades.

Strategic & R&D Initiatives

  • Investments in Innovation: Launched DWAAR Indian Craft Whisky; expanding premium portfolio.
  • Expected impact: Targets the evolving premium whisky segment; supports long-term growth in Indian craft whisky segment.
  • Strategic Rationale: Premiumization strategy; expanding into high-growth markets; building iconic brands.

Industry Trends & Business Environment

  • Macro/Industry Trends: Premiumization trend in alcoholic beverages; growing Indian craft whisky segment.
  • Impact on Company: Driving focus on Prestige & Above portfolio; margin improvement in premium segments.

Management Commentary & Growth Outlook

  • Strategic Outlook: "Premiumization-led growth through deeper reach and stronger brand traction" and "Selective seeding of aspirational brands to build equity and long-term value".
  • FY Guidance: Prestige & Above segment approaching EBITDA breakeven.
  • Market Share Targets: Not explicitly specified.
  • Risks and Opportunities: Regulatory environment; raw material costs; consumer preference shifts.