Can anyone share the audio recording of the Q1FY23 concall ? Not able to locate the file from the exchange filing nor able to find any recordings on youtube also

I came across a couple of articles that indicates that they have launched a very well appreciated premium whiskey last year …
Indri-Trini Is The Single Malt Of A Whisky Lover’s Dreams | Traveldine
The site is very nice as well…
Indri Single Malt: Award Winning Whisky from Northern Distilleries India (piccadily.com)
Apparently they have 12000 liters/day capacity and planning to expand storage capacity as well…
"We are currently in the process of expanding our warehousing and coopering operations. We are adding 12 new warehouses and 60,000 barrels in total. This will bring our total capacity to 1,00,000 barrels.
"
It appears that they also have co-produced another brand named “Kamet” …
Whiskeyfellow: Kamet Indian Single Malt Whisky Review & Tasting Notes
Their 2021 AR also mentions both Indri and Kamet .
To me it looks like that they have taken a few good steps towards this premiumization effort and if the accolades translate to sales, things might become interesting.
Anyone still tracking this company or can anyone provide any insight into the popularity of the brand in Goa\Delhi area ? It was launched in Mumbai as well but its been only a few months .

Disc: Interested… looking for information.

The logic for higher PE in FMCG is that for high growth they won’t require higher capital ( esp by equity dilution ) …

But when there is no growth for 10 years that so called moat is useless … It is like having factory with low capacity utilisation …

Distribution , brand and people assets have been under-leveraged by Nestle … that means for last 10 years - Nestle management has been plain incompetent

All FMCG companies tend to have relatively high PE ratios vs companies that are into lets say manufacturing or even IT space. I feel these high ratios are partially justified because the valuation of a company is not based solely on the earnings but also the assets. All FMCG firms have brands that they have built up over decades along with strong distribution channels and vendor partnerships. Nestle is spending 750CR per annum on advertising and all of this cements the MOAT. It has taken ITC over 10years to finally turn its FMCG ventures somewhat profitable (even now Yipee! is a far 2nd to Maggi but definitely ITC is on the right track in general). That is just my opinion on the matter, would be very happy to have a healthy discussion on how we should value the intangible assets that these companies possess!

Disc - invested in nestle and ITC.

One things to note. The management has chosen not to mention Key Shareholders in the Q1FY22 Investor Presentation.

Q4FY22:

Q1FY22: