Globus Spirits Likely to Gain from New Rajasthan Excise Policy from April 2026

One of the key positives is a 5% increase in net selling value, which directly boosts revenue per unit. Alongside this, the company expects around 8% growth in sales volumes, driven by a more supportive regulatory environment.

The policy also offers greater flexibility in stock procurement, making it easier for Globus Spirits to manage inventory and streamline its supply chain. This could help reduce costs and improve working capital efficiency.

Another major advantage is a 50% cut in bottling fees for Indian Made Foreign Liquor (IMFL) sold outside Rajasthan. This reduction is likely to lower costs for interstate sales and improve profit margins, making the company more competitive in other markets.

Also ReadUnited Spirits Popular Liquor Sales Decline 22.7% to ₹181 Crore in Q2 FY27 Amid Excise Policy ChangesBihar Drug Seizures Raise Concerns Over Narcotics Trafficking After a Decade of Liquor Prohibition

With these changes set to roll out from April 2026, Globus Spirits has sufficient time to prepare and align its operations to take full advantage of the new policy framework.

Despite some short-term volatility in the stock, Globus Spirits has delivered strong long-term returns, reflecting investor confidence in its business fundamentals and growth prospects.