India is regarded as the world’s 9th largest consumer of alcohol like whiskey, rum, tequila, and vodka behind China. The Indian whiskey industry flourished despite many roadblocks. Further, the demand for alcohol is surging with the young consumers who are becoming more affluent in the country. According to the bonafide research report “India Alcoholic Beverages Market Outlook 2027-2028”, the consumption of alcoholic beverages is expected to reach 11.45 billion litres by 2027-28. This will help the market to yield revenue worth Rs. 58,618 crores. The fact is that India consumed about 8.82 billion litres of alcoholic beverages in 2021-22. Around 60% of the urban population in India consumes alcoholic beverages daily, weekly, and monthly. In addition, alcohol consumption by women is highest in the eastern part of India and lowest in northern India. At the same time, alcohol consumption by men is higher in East India and lowest in West India. As per the National Family Health Survey 2021 report, about 150 million adults (15 years and above) in India drink alcohol. Further, alcohol consumption among adult women (15 years and old) at 1.3% and for adult men (15 years and old) at 18.8%.
Mohan Meakin Ltd – The Pioneer In Indian Alcohol Industry
In the Indian alcohol industry, Mohan Meakin is one of the oldest companies known for producing world-famous rum. Incorporated on 2 November 1934, the company is a large conglomerate manufacturing alcoholic beverages producing whiskey, beer, gin, vodka, etc. The company is a pioneer in the liquor industry in different parts of the country. The company also exports beverages to countries like Germany, the US, Oman, UAE, Russia, etc. With the growing demand for alcohol, the company is doing great in the unlisted share market as well. A year ago, Mohan Meakin unlisted share price was Rs.1280 and today, the unlisted share value is Rs. 1766, which shows that the company is ready to skyrocket in the stock market. According to the Goldstein Market Intelligence analyst forecast, the Indian alcohol beverage industry is expected to grow at a CAGR of 7.4% between 2017-2030. Further, the market is also expected to reach $39.7 billion by the end of the forecast period. Since urban alcohol consumption is growing at a rapid rate across the country and worldwide, Mohan Meakin unlisted shares will make a splash in the grey market and will provide potential investors with a golden opportunity to generate wealth for the long term.
Where Do Mohan Meakin Unlisted Shares Stand In The Grey Market?
Additionally, the company has been doing great financially as well; in FY21-22, the revenue of the company was Rs. 1370.41 crores, and in FY22-23 the revenue was Rs. 1778.6 crore. The revenue is quite satisfactory in the face of stiff competition in the alcohol industry. Further, the company is taking significant steps to increase its sales and yield desired results from the unlisted stock market as well. As a potential investor, Mohan Meakin unlisted shares are a great way to earn high ROI for the long term. Connect with Stockify for more information.
