Totally agree, I see TAM is big for wine industry in India, Company get more than 50% of the revenue only from one state, which means there are 27 other states to capture. However I feel the point that company has to educate the consumers.1% of the total alcohol market is wine in India, if the whole market needs to grow , someone needs to spend heavily in promotions and advertising, opening of new vineries can help till an extant only, you can’t open vineries in every state (due to climatic condition) , opening tasting rooms can work but company seems to be too slow in it, management is distributing around 60% to 70% in the dividends, while if you want to grow , this money should be aggressively used in expansion. I tried putting my views about management and how confused it looked in the concall at different points in detailed youtube video. I have pinged it in my x profile.
X – @amitsinghpal
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