AGI is one of the best proxy to play increasing consumption of alcohol in India. If we observe the growth numbers of alcohol companies and their commentaries(I follow SDBL), it gives a very encouraging sign for AGI’s growth prospects.
In thier Q2Fy24 concall,
- 1700 TPD – 95% capacity utilization
- 154 TPD high end glass manufacturing which commenced commercial production in Jan 2023- 65-70% utilization
- They plan to increase capacity by 100 TPD next year when a furnace is due for realignment.
As 154 TPD utilization increases, it should reflect in thier revenue.
Company guided for 15-18% growth.
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