How has been the historical performance of Globus Spirits?

Answer:The historical performance of Globus Spirits shows a trend of increasing net sales and total operating income over the years, with net sales reaching 2,537.13 Cr in March 2025, up from 2,414.68 Cr in March 2024 and 2,109.06 Cr in March 2023. However, the company has faced rising raw material costs, which increased to 1,803.63 Cr in March 2025 from 1,673.92 Cr in March 2024. Operating profit (PBDIT) has fluctuated, showing a decline to 160.85 Cr in March 2025 from 182.43 Cr in March 2024, and profit before tax also decreased to 33.24 Cr in March 2025 from 90.71 Cr in March 2024. Consequently, profit after tax fell to 21.92 Cr in March 2025, down from 96.04 Cr in March 2024. The company's total assets increased to 2,093.37 Cr in March 2025, compared to 1,765.53 Cr in March 2024, while total liabilities also rose to 2,093.37 Cr from 1,765.53 Cr in the same period. Cash flow from operating activities decreased to 67.00 Cr in March 2025 from 167.00 Cr in March 2024, indicating challenges in cash generation.

Breakdown:
Globus Spirits has demonstrated a consistent growth in net sales, with figures rising from 932.38 Cr in March 2018 to 2,537.13 Cr in March 2025. Despite this growth, the company's operating profit margin has declined significantly, dropping from 20.69% in March 2021 to 5.96% in March 2025, reflecting increased costs, particularly in raw materials. The profit before tax has also seen a downward trend, falling from 201.77 Cr in March 2021 to 33.24 Cr in March 2025. Total assets have increased substantially, indicating growth in the company's scale, while total liabilities have risen in tandem, suggesting a growing debt load. The cash flow from operating activities has decreased, highlighting potential liquidity challenges despite the increase in sales. Overall, while Globus Spirits has expanded its revenue base, it faces pressures on profitability and cash flow management.