ABD may invest in start-ups, tie-up global brands for India entry
₹1.74 trillion in fiscal 2022 and projected to reach ₹2.4 trillion by fiscal 2025.The company is “actively" looking to partner global liquor companies to bring more international brands to India as it expands its portfolio of premium spirits. Currently, it has no such tie-up.“We are at a significant advanced level of discussions.
There is a great level of interest from brands all over the world, not just Europe, but, say, tequila out of Mexico, it could be Japanese whiskey or a Taiwanese whiskey, etc.," he added. The company could work out a long-term partnership to build these brands in India. “The idea is to find that unique white space where we have the right to play and right to win.
There are some unique flavour-price combinations that are undiscovered and try to build a first-mover advantage there. Tequila could be one of them," Gupta said.The company's consolidated revenue from operations for the year ended 31 March 2023 stood at ₹7,105.6 crore, down 1.2% year-on-year.
Its main competitors are United Spirits Limited, Pernod Ricard India Private Limited and Radico Khaitan Limited.ABD’s IPO (initial public offering) is set to open on 25 June. The IPO consists of fresh issues of up to ₹1,000 crore and an offer for sale (OFS) of up to ₹500 crore by the promoters.
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