Q3 2026 Globus Spirits Ltd Earnings Call Transcript
Key Points
- Globus Spirits Ltd (BOM:533104) reported a 37% year-on-year volume growth in the prestige and above segment, excluding Delhi.
- The company achieved a capacity utilization of 86% in the manufacturing business, exceeding their guidance of 80% to 85%.
- The company is expecting a significant margin expansion in Uttar Pradesh once the new distillery starts operations.
- Early reports from new markets like Assam are encouraging, with plans to enter Jharkhand by the end of Q4.
- The company has a strategic plan to grow its consumer business, aiming for a 50% volume growth in the P&A segment in Q4 FY26.
- The Delhi market faced issues that impacted overall business performance, although these are expected to normalize by the end of Q4.
- The company is experiencing lower margins in Uttar Pradesh compared to Rajasthan, although this is expected to improve with the new distillery.
- There was a reclassification in financial reporting, which affected the comparability of certain figures from the previous year.
- The company is planning a fundraise, which could lead to dilution, although it is stated as an enabling resolution with no immediate dire need.
- The manufacturing business's raw material prices have seen a reduction, but future prices are expected to firm up, potentially impacting margins.
Ladies and gentlemen, good day and welcome to Globus Spirits Limited Q3 and 9 MF 526 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Suyash Samant from Stellar Investor Relations Advisors. Thank you and over to you, Mr. Samant.
Thank you. Good afternoon, everyone, and thank you for joining us today. We have with us today the senior management team of Global Spirits Limited, Mr. Shekhar Swarup, joint managing director, Mr. Paramjit Singh, CEO of Consumer Division, and Mr. Nilanjan Sarkar, Chief Financial Officer, who will represent Globus Spirits Limited on the call.
The management will be sharing the key operating and financial highlights for the quarter, and nine months ended December 31, 2025, 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.
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