Expect margin to further increase in Q3; to stabilise post Q3: Globus Spirits

On revenues, Swarup said that they should be able to maintain the performance going forward.

“Things as far as lockdowns and all are concerned, hopefully there should not be anymore. There is great news about vaccine and that should help consumption grow even further. So, the performance in the last 3-5 months should continue for the rest of the year,” he said.

Swarup added that they have seen significant improvement in ethanol bulk realisations.

“Our profits have grown tremendously in the quarter gone by largely due to a structural change in the ethanol policy. We have seen a huge amount of ethanol delivery that has kept our bulk alcohol prices constant with lower raw material prices and therefore much significant enhancement of realisation has taken place in the bulk side and that has contributed to profits,” he said.