1. Malt spirit maturation sales - Disgorging and selling of matured malt stocks began in FY22, with 24.51 LBL under maturation as of March 2022. Management calls this a game changer that stabilises margins and reduces working capital, while Diageo India’s Technical Center rated the malt spirit the finest in the industry.
2. Grain-to-glass capacity utilisation - FY22 delivered the highest-ever capacity utilisation at the 160 KLPD ENA plant and the highest-ever productivity saving. Running an integrated grain-to-glass facility at peak throughput lifts absorption of the ₹468 crore debt load, the main drag on reported earnings.
3. Third-party bottling diversification - The company is engaging with third-party bottlers to reduce reliance on USL. Adding external bottling customers opens a revenue stream outside the holding-company channel and makes the 2-lac-cases-per-month bottling line a standalone profit centre.
4. Cost-reduction and carbon-neutrality programme - A detailed technical study of operations and machinery is planned, targeting cost reduction, quality improvement, and a carbon-neutral footprint. Every point of margin gained on the ₹226 crore revenue base flows directly to the bottom line, where the company is currently negative at the operating level.