New Delhi: Globus Spirits Ltd on Wednesday said recent amendments to the Rajasthan Excise and Liquor Control Policy 2025–29 are expected to improve its pricing power, volumes and margins in the state from the next financial year.
In a regulatory filing, the company said the net selling value per unit for its regular brands in country liquor (CL) and Rajasthan-made liquor (RML) will increase by 5% over the ex-distillery price of FY26, effective April 1, 2026.
The amendments also provide greater flexibility to retail vendors to procure liquor stock of their choice if they are not sourcing from Rajasthan State Ganganagar Sugar Mills, applicable across both CL and RML segments. Additionally, the policy stipulates an increase of about 8% in guaranteed volume, which could support higher offtake.
Separately, the state has approved a 50% reduction in bottling fees on Indian-made foreign liquor (IMFL) bottled in Rajasthan for sale outside the state. Globus Spirits said the change will benefit supplies from its Behror unit to other states, including Delhi and Uttarakhand, particularly for its premium portfolio such as Doaab+, Terai Gin and Terai Vodka.
Rajasthan is a key market for Globus Spirits’ manufacturing and distribution operations. The company said the policy changes are expected to have a positive impact on profitability, with the full benefits likely to accrue from FY27 onwards.
Globus Spirits is among the leading players in India’s alcoholic beverages sector, with a presence across value and premium segments, and continues to expand its footprint amid evolving state-level excise policies.