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Globus Spirits Gains from Rajasthan Excise Policy: 5% Price Hike and 50% Bottling Fee Cut
Globus Spirits has announced favorable amendments to the Rajasthan Excise and Liquor Control Policy for 2025-29. Starting April 1, 2026, the net selling value for regular brands in the Country Liquor and Rajasthan Made Liquor segments will increase by 5%. Furthermore, a 50% reduction in bottling fees for IMFL sold outside Rajasthan will benefit the company's luxury portfolio, including Terai Gin and Vodka. The policy also includes an 8% increase in guaranteed volume, ensuring higher operational throughput.
Key Highlights
5% increase in net selling value for CL and RML brands against FY 25-26 EDP effective April 1, 2026
50% reduction in bottling fees for IMFL bottled for sale outside the state of Rajasthan
Guaranteed volume of liquor supply stipulated to increase by approximately 8%
Increased flexibility for retailers to procure liquor stock of their choice
Positive impact on luxury brands (Doaab, Terai Gin, Terai Vodka) supplied from the Behror Unit
💼 Action for Investors
Investors should view this as a margin-accretive development that strengthens the company's position in a key market. Monitor the impact on the luxury portfolio's profitability as bottling costs decrease.