Yes. Just 3 years from now. Your investment has the chances of multiplying from the current level. Because, the Pincon Spirit Limited has all set to double the revenue by 2020. The company has reported a revenue of Rs.1561.72 Crores for the fiscal year 2016.
Due to current growth plans like new product launches, entering new markets and consolidating its manufacturing operations and increase brand spending, this revenue is going to double of Rs.3000 by 2020.
The company has charted out a capex of Rs 300 crore during the current fiscal in enhancing distillery’s capacity, increasing retail chain and expanding footprint.
The spirits maker also plans to expand its footprint to four new southern markets of Kerala, Tamil Nadu.Puducherry and Goa.
“In the current fiscal, it will launch new whiskey in 10 states and enter Kerala,” the company added.
The company, which also sells edible oils, is looking at widening its FMCG presence from 9 states to pan-India.
Currently, it has presence in Karnataka, Odisha, Haryana Uttarakhand and Jharkhand, besides West Bengal with eight company owned units and four contract suppliers.
When I added this pick of Pincon Spirit to Pick Of The Month Page I had view of its future growth, due to its bottom-of-pyramid focused business model. This news is simply supporting my perspective, that never stops this company from growing at a faster pace than other brands.
Buy – Best to buy at the current market price Rs.73.40.
All the Best