Notes
Demand is outstripping supply
Industry growth: 35% YoY CAGR
Single Malt (Indri) growth: 50% YoY
Indian market for single malts : 4L cases pa
Indri market share in India: 25%
Indri market share in the global single malt space: 12% (not sure if I heard correctly)
Margins for their existing portfolio of whiskeys: 15 to 18%
Margins for Indri (gross margin): “upwards of 70%” (45% EBIT is reasonable expectation given this)
Guidance for 25% margin for the whole year (I think this is for the whole company)
Indri capacity expansion – 12KLPD to 30KLPD
Ambition to take Indri to top 5 in the single malt space in the world
New products are going to be launched this year (Gin most likely?)
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