Strong demand of bulk alcohol in domestic as well as export markets, rise in country liquor consumption combined with the increase in demand for hand sanitizers, along with a strong portfolio of IMFL brands will be the pillars to build the next phase of growth for the Company, the management believes.
is one of the leading players in the Indian alcoholic beverages industry. It caters to four important segments of the alcohol industry - Indian Made Indian Liquor (IMIL), Indian Made Foreign Liquor (IMFL), IMFL bottling and bulk alcohol.
"Newer brands for IMIL (Goldee, IMIL brand with IMFL like 42.7 per cent alcohol concentration) and newer opportunities for ethanol utilisation would lead to greater usage of captive ENA. We expect margins to be rangebound at 14-15 per cent for FY21E, FY22E. Also, GSL is planning to lower debt, which should reduce interest cost and aid in improving profitability. Subsequently, FCF yield is expected to remain elevated," ICICI Securities said in Q1 results update.