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Wine Business Is One Of The Most Profitable Sectors In Georgia – Galt & Taggart

613d997669563
Natia Taktakishvili
11.10.21 22:30
738
Wine & Spirits business is one of the most profitable sectors in Georgia, - according to data from Galt & Taggart.

According to the report, published by the company, the sector posted 30.2% gross profit and 20.8% operating profit margins in 2019, 1.4x and 1.7x above the business sector averages, respectively. Notably, top 10 companies outperform the sector, with weighted gross profit and EBITDA margins averaging 41.2% and 24.9%, respectively, over 2017-20. Large companies accounted for c.41% of total wine and spirits sector turnover in 2020, up from 12% in 2015 and we see further consolidation potential.