MONIKA ALCOBEV LIMITED

Imports and distributes premium wines and spirits across India, operating as an independent importer of 100+ global brands. Sells tequila, agave spirits, Irish whiskey, Japanese whisky, gin, imported wines, and liqueurs through HORECA, retail, and travel retail channels, reaching 9,500+ touchpoints across 25+ Indian states. In FY26, revenue grew 27.53% to ₹301.16 crore and profit after tax rose 39.07% to ₹32.14 crore, with the company stepping into Kerala and adding brands like Angostura, Jinro, and Licor 43 to its portfolio. The model is brand-led rather than manufacturing-led: it represents overseas marques such as Jose Cuervo, 1800 Tequila, Remy Martin, and Cointreau, with the latest partnership bringing Angostura's 5-Year-Old Rum and bitters to India. Costs are dominated by employee expenses at 7.4% of revenue and other operating expenses at 17.4%, while higher advertising and promotion spends compressed EBITDA margins to 18% from 20% in FY25. Operating cash flow swung sharply negative on build-ups in trade receivables and inventories, and the company listed on BSE's SME platform in July 2025 via an IPO that earmarked ₹100.64 crore of its ₹137.03 crore proceeds for working capital.