In an interview to CNBC-TV18, Shekhar Swarup, ED of Globus Spirits spoke about the results and his outlook for the company.
He said that margin miss in the last quarter was mainly due to Bihar distillery because the Bihar government decided not to renew manufacturing license for the plant in that state.
"We have won the case in High Court against the law on ban of removal of distillery license. However, the license is not yet issued, so we are waiting for that clarity to come from the government now," he added.
He further said that the Rajasthan and Bengal facility will see better margins.Watch accompanying video for more details.