India's Globus Spirits rises after Dolat Capital initiates coverage with 'buy'

Globus Spirits

17/07/2025 09:50

** Liquor manufacturer Globus Spirits GLOS.NS up 3.5% at 1,103.4 rupees

** Dolat Capital initiates coverage with "buy" rating; sets PT at 1,600  rupees

** Brokerage the first one under LSEG to initiate coverage on co

** Says, when raw material costs ease over FY25-27, GLOS likely to see "superior" EBITDA and earnings per share growth at 37% and 101% CAGR over FY25-28

** Notes, co has been pivoting to branded Indian-made foreign liquor (IMFL) segment for 6-8 years, and has made serious progress across categories

** Adds, if executed well, IMFL segment is an atleast 5-7 years growth story, positioning the co for a re-rating of its multiples

** GLOS currently trading at 28x FY27 projected earnings per share, Dolat says

** GLOS up 27% YTD

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))