Investors Overview
Key Business Updates FY 24
Consumer Business
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Manufacturing Business
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Consumer Business
On track to exceed FY25 Revenue Target of Rs 100 Cr
Profitability to improve with volume growth on the back of Same State Growth and New State Growth
Current portfolio of 11 brands across Whisky, Gin, Vodka and Rum segments
Expanded presence to currently 7 States
Innovative product launches to continue in FY26
Volume performance in line with internal estimates
UP launches to help drive volume growth from FY26
Rajasthan business to remain steady – price hike to help increase profitability and revenue growth wef 1 April 2025
Fast moving cash-cycle with Low Asset Base and High Profitability
Fast moving cash-cycle with Low Asset Base and High Profitability
Net Revenue in the prestige & above segment –Rs 452 Mn (38% growth YOY) with sales volume at 0.38 Mn cases (84% growth YOY).
Net Revenue in the Regular & Others segment – Rs 7416 Mn (8% growth YOY) with sales volume at 14.16 Mn cases (1% growth YOY).
The share of consumer business in the overall revenue mix in FY 24 stood at 33%.
Consistent focus by the company on building brands across both segments leading to strong performance.
Manufacturing Business
9MFY25 margins to remain low due to low availability of raw material. December month saw a reduction in RM prices due to maize crop in South and Central India.
Maximum diversion to ENA production has been undertaken due to better realisations.
Raw material availability is expected to improve due to policy to resume supplies of Surplus Rice by FCI.
Policy of FCI Supply of rice is welcome and expected to improve environment from Q4 FY2025
Net revenue in the manufacturing segment for FY 24- Rs 16278 Mn (17% growth YOY). Category sales volume growth has been in line with installed capacity growth
The share of manufacturing business in the overall revenue mix in FY 24 stood at 67%.
Total Bulk Alcohol sales grew 17% YoY to 208 Mn litre in FY24 and the average bulk realization grew 7% YoY to 63.3 per litre in FY24
Status of Projects
West Bengal & Jharkhand: Enhancing capacity by 60 KLPD at each of the locations, was commissioned in Mar’24.
Total installed capacity is of 301 Million Liters at the end of FY 24.
Uttar Pradesh Bottling unit was commissioned in Apr’24 to cater to the consumer business.
The company has started construction of a distillery in Uttar Pradesh. This facility is being created with a focus on consistent and quality supplies to our consumer business in UP. The capex is expected to be around Rs. 1500 million.