Since certain types of spirits are made from rice or its by-products, a lower rice price can reduce raw material costs, leading to decreased overall production expenses for companies like Globus Spirits.
In Q2FY25, the liquor company reported 88 percent YoY drop in standalone net profit at Rs 1.5 crore
'Faced packing costs pressure in H1FY25, working on easing them in H2FY25,' says Globus Spirits
This new range marks the company's foray into high-end whisky, bringing a fresh perspective to the growing segment
Indo Count Industries, TVS Holdings, Monarch Networth Capital, JK Tyre,Reliance Infrastructure, Globus Spirits, and India Shelter Finance Corporation will also be in focus on September 17.
The propensity to gamble is always increased by a large prize versus a small entry fee, no matter how poor the true odds may be - Warren Buffett
Motilal Oswal Mutual Fund bought 2 lakh equity shares of Globus Spirits on August 30, representing 0.69 percent stake of Globus Spirits' total equity via block deal on NSE
Eicher Motors, SML Isuzu, MOIL, Hindustan Petroleum Corporation, NHPC, NBCC India, Wipro, Biocon, HDFC Asset Management Company, DCM Shriram, and Insecticides India will also be in focus on September 2.
The JV, which is for beer production and distribution in India, aims to leverage the diverse expertise and resources of both companies to deliver high-quality products and expand market presence within India.
Except auto and FMCG, all sectoral indices ended in the green, with Nifty realty and metals surging 4 and 3 percent
Globus Spirits manufactures, markets, and sells liquors, sanitizers, animal feed, CO2, bioethanol, and bulk alcohol.