CARE Reaffirms Globus Spirits Rating at A+ Stable
GLOBUSSPR · price
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CARE Ratings has reaffirmed Globus Spirits bank facility ratings at A+ Stable long-term and A1+ short-term, covering about 713 crore in facilities. Reaffirmation reflects strong FY26 results: revenue rose 6 percent to 2703 crore, profit nearly quadrupled to 95 crore, PBILDT margins improved from 6 percent to 9.6 percent, and capacity utilisation rose to 80 percent. Gearing improved from 0.79x to 0.66x. Outlook remains Stable. Company plans to raise up to 500 crore via QIP for debt prepayment.
Stable outlook and reaffirmed rating signal financial health; planned QIP raise to prepay debt should further strengthen balance sheet.