Globus Spirits Limited · NSE:GLOBUSSPR
Globus Spirits — H1 FY25 Earnings Presentation
24 slides from Globus Spirits's earnings presentation, Nov 12, 2024
Slide 1: Covering letter to stock exchanges
Dated : 12th Nov 2024 The Na onal Stock Exchange of India Limited The BSE Limited Exchange Plaza, C-1, Block-G PhirozeJeejeebhoy Towers BandraKurla Complex, Dalal Street, Fort Bandra (E), Mumbai – 400 001 Mumbai – 400 051 Sub: Presenta on to be released before investors and Analysts:- Ref: Scrip- EQ
Slide 2: Results Presentation Q2 & H1 FY25
Results Presentation Result Presentation H1 & Q2 FY25 Q2 & H1FY25
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Globus Spirits Limited (the “Company”), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities and shall not f
Slide 4: Q2FY25 Snapshot
Q2FY25 Snapshot Consumer - Prestige & Above (P&A) ✓ On track to cross Revenue of Rs 100 Cr in FY25 Revenue Sales Volume (cases) EBITDA ✓ Delhi dispatches affected end Q2 due to transition in Rs. 240 Mn 0.21 Mn Rs. -58 Mn new portal by Delhi excise. It is stable since Oct and business has bounced bac
Slide 5: Prestige & Above – High Growth Segment
Prestige & Above – High Growth Segment Category Net Revenue, Rs. Million Category Sales Volume, Million Cases Category EBITDA, Rs. Million 38% 211% 84% 204% 512 452 0.38 0.4 -93 328 0.20 -181 -281 FY23 FY24 H1FY25 FY23 FY24 H1FY25 FY23 FY24 H1FY25 ✓ On track to cross Revenue of Rs 100 Cr in FY25 ✓ P
Slide 6: Regular & Others – Stable Volume and Growth in Profitability
Regular & Others – Stable Volume and Growth in Profitability Category Sales Volume, Million Cases Category EBITDA, Rs. Million Category EBITDA Margin 1% 10% 22% 19% 18% 14.1 14.2 1,404 1,151 17% 7.8 718 FY23 FY24 H1FY25 FY23 FY24 H1FY25 FY23 FY24 H1FY25 ✓ Growth inline with internal targets. Entrenc
Slide 7: Launched our First Ever Single Malt Whisky in Sep'24
Launched our First Ever Single Malt Whisky in Sep’24 NEW LAUNCH Dōaab India Craft – Whisky (Prestige & Above Segment) Single Malt Whisky is launched in a 750 ml bottle with the price range of Rs 4,500 – 5,500 depending on the state. The brand begins its journey with an introduction in Jaipur and Luc
Slide 8: New Brands Launched in H1FY25
New Brands Launched in H1FY25 1 Doaab India Craft Whisky Single Malt 2 Terai India Craft Gin Litchis & Mulberries 3 Seventh Heaven Ultra Premium Grain Whisky 4 Oakton Barrel Aged Rare Choice Grain Whisky (New Pack) 5 Brothers & Co. Finest Blended Whisky 6 GR 8 Times Whisky 7 GR 8 Times Vodka Green A
Slide 9: Focus on Building Brands Across Segments
Focus on Building Brands Across Segments Segment Whisky Rum Vodka Gin RTD & Beer Indicative MRP Luxury Dōaab TERAI MRP: Rs 2500+ Semi Luxury Seventh Heaven MRP: Rs 1300+ Super Premium Oakton Barrel Snoski - MRP: Rs 800+ Aged Grain Green Apple Semi Premium Brothers & Co. MRP: Rs 750 NOT OUT Premium M
Slide 10: Snapshot of Select Brands (1/5)
Snapshot of Select Brands (1/5) Dōaab India - Whisky • After a long search for the right casks, just 500 casks were finally selected and expertly worked with to create a whisky which is truly greater than the sum of its parts. Terai India Dry Gin • The 1st of its kind India Dry Gin, made at our purp
Slide 11: Snapshot of Select Brands (2/5)
Snapshot of Select Brands (2/5) Snoski Crafted Vodka • A highly unique Vodka crafted from alcohol distilled from the finest winter grains grown in the verdant environments of the Himalayan Highlands. • 7 Stage Charcoal filtered Vodka that provides a smooth and superior experience on the palate. • Av
Slide 12: Snapshot of Select Brands (3/5)
Snapshot of Select Brands (3/5) Mountain Oak Whisky • An exclusive blend of Scotch Malts and select Indian Grain Spirit. • First Year of launch 0.25 million cases sold. NOT OUT • Strong ABV Ready to Drink mead beverage. • Is Being Launched in select markets in India. • Carbonated, refreshing & glute
Slide 13: Snapshot of Select Brands (4/5)
Snapshot of Select Brands (4/5) WHITE LACE Millionaire • With distinct notes of fennel and orange in the two varieties available, White Lace fits in well with a wide range of flavors. The vodka, made in Rajasthan, is a versatile and clean tasting drink GR8 Times – Whisky & Vodka • In two variants, W
Slide 14: Snapshot of Select Brands (5/5)
Snapshot of Select Brands (5/5) Globus Dry Gin A great tasting gin that makes you feel vibrant and refreshed, the Globus Spirits Dry Gin is easy on the palate and certainly a companion for good times with our younger consumers. Ghoomar Millionaire Ghoomar - which began as a traditional folk dance of
Slide 15: Manufacturing – Strong Fundamentals, Current Headwinds due to Input Costs
Manufacturing – Strong Fundamentals, Current Headwinds due to Input Costs EBITDA Rs. Per litre – Yearly and Quarterly Total Installed Capacity, Million Ltr 301 301 7.7 260 7.1 Historical Average 165 Rs. 7 2.9 2.0 FY22 FY23 FY24 H1FY25 FY22 FY23 FY24 H1FY25* ✓ Category sales volume growth has been in
Slide 16: Manufacturing – Existing State-of-the-Art Units
Manufacturing – Existing State-of-the-Art Units Rajasthan Facility West Bengal Facility Haryana Facility Capacity: 54.4 Mn Ltrs Capacity: 102 Mn Ltrs Capacity: 47.6 Mn Ltrs Products: Regular & Others, Prestige & Above, Bulk Products: Regular & Others, Prestige & Above, Bulk Products: Products: Regul
Slide 17: Status of the Uttar Pradesh Project
Status of the Uttar Pradesh Project • Uttar Pradesh- bottling of Premium & Above brands is already commissioned Brief • Production of entire range Regular & Others to start in H2FY25. Description • Backward integrating for ENA production from molasses and grain • The project is aimed to reduce cost
Slide 18: Status of Other Projects
Status of Other Projects Capex Project Plant Location Capex cost (Rs Cr) Status of Project Malt Spirit Maturation Rajasthan 30 Going live in Dec'24 Plant Upgrades for Maize WB, Bihar, Jharkhand 30 End Q4/ Early Q1 FY 25 Corn Oil Jharkhand, Bihar, Bengal 20 End Q4/ Early Q1 FY 25 17
Slide 19: Financials
MOL ral QAK >": Financials MOUNTAIN OAK we K
Slide 20: Profit & Loss Highlights
Profit & Loss Highlights Particulars (Rs Mn) Q2FY25 Q2FY24 YoY (%) Q1FY25 QoQ (%) H1FY25 H1FY24 YoY (%) Net Revenues from Operations 6,379 5,672 12.5% 6,421 -0.7% 12,800 11,373 12.5% Other Income 20 35 -43.8% 18 13.1% 38 54 -30.8% Total Income 6,399 5,707 12.1% 6,439 -0.6% 12,837 11,427 12.3% Consum
Slide 21: Balance Sheet Highlights
Balance Sheet Highlights Liabilities (Rs Mn) Mar-23 Mar-24 Sep-24 Assets (Rs Mn) Mar-23 Mar-24 Sep-24 Networth 8,866 9,716 9,818 Fixed Assets (Incl. CWIP) 8,988 9,256 10,034 LT Borrowings 1,112 920 1,324 Right to use of Assets 265 305 283 Provisions 46 65 69 Investments 0 38 60 Deferred Tax Liabilit
Slide 22: Cash Flow Highlights
Cash Flow Highlights Cash Flow Extract (Rs Mn) FY23 FY24 H1FY25 Net cash generated from Operating Activities (A) 1,281 1,629 114 Net cash used in Investing Activities (B) -2,108 -1,844 -703 Net cash used in Financing Activities (C) 850 -56 587 Net (decrease)/ increase in cash and cash equivalents (A
Slide 23: Board of Directors and Management Team
Board of Directors and Management Team Management Team Ajay Kumar Swarup Shekhar Swarup Dr. Bhaskar Roy Managing Director Joint Managing Director Executive Director & COO • Joined the family business in 1981 after • After studying Marketing and Finance • A CA since 1987, PhD in Commerce from having
Slide 24: Let's Connect
Let’s Connect Globus Spirits Limited Mr. Nilanjan Sarkar, CFO Phone : +91 11 6642 4600 Email : nsarkar@globusgroup.in Stellar IR Advisors Pvt. Ltd. Ms. Pooja Sharma / Mr. Suyash Samant Phone : +91 22 6239 8024 Email : pooja.sharma@stellar-ir.com suyash@stellar-ir.com