Alcohol stock jumps after it launches its new craft gin in IndiaAlcohol stock jumps after it launches its new craft gin in India

Introduction:

New craft gin, TERAI India Craft Gin – Litchi & Mulberries, has been launched as part of The Bagh Explorations series. Made with litchis, mulberries, and diverse botanicals, it embodies a Grain-to-Glass philosophy, celebrating India’s heritage.

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Share price movement of Globus Spirits:

On December 6, 2024, Globus Spirits Ltd. opened at ₹901.00, up 1.02% from its previous close of ₹891.95. The stock reached a high of ₹928.90 (4.14%) and a low of ₹896.85. By 11:43 AM, it traded at ₹903.70, a 1.32% increase, with a market cap of ₹2,608.93 crore.

Globus Spirits launches TERAI Craft Gin:

Globus Spirits Limited has launched TERAI India Craft Gin – Litchi & Mulberries, an exciting new addition to the TERAI India Dry Gin range. This craft gin is part of The Bagh Explorations series, inspired by fruits from the Swarup Family farmlands in Uttar Pradesh.

Crafted at The India Craft Spirits Co. distillery in Behror, Rajasthan, the gin embodies TERAI’s Grain-to-Glass philosophy. With flavors of ripe litchis and mulberries, enhanced by floral and herbal notes, this gin celebrates India’s diverse botanical heritage, offering a bold, authentic taste.

TERAI India Craft Gin – Litchi & Mulberries is available in 750ml bottles and launched in UP, Rajasthan, and Goa, with plans for wider distribution. Priced according to local regulations, it adds a premium offering to India’s gin market.

Recent news on Globus Spirits:

As of November 19, 2024, International Conveyors Limited acquired 110,715 equity shares in Globus Spirits Limited for ₹9.13 crore, marking ICL’s entry into the spirits industry. Globus Spirits reported a turnover of ₹3,147.23 crore for FY24.

Stock performance of Globus Spirits for Period of 1 week, 6 months and 1 year:

In the past week, Globus Spirits Ltd. has seen a modest return of 0.82%. Over the last six months, it gained 20.0%, while experiencing a slight decline of 0.87% over the past year, reflecting varied performance.

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Shareholding pattern of Globus Spirits:

All values in %	Sep 2024	Jun 2024	Mar 2024
Promoter	50.90%	50.90%	51%
FII	5.60%	4.80%	4.90%
DII	6.00%	1.10%	1.00%
Public	37.60%	43.20%	43.20%

About Globus Spirits:

Globus Spirits Limited (NSE: GLOBUSSPR) has over 30 years of experience in India’s Alco-Bev industry, with a history of distillation since 1958. The company operates fully integrated distilleries, offering quality alcohol across diverse product categories and regions.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.