Innovation Beverage Group Limited (IBG)
Innovation Beverage Group Limited operates in the Beverages - Wineries & Distilleries industry of the Consumer Defensive sector, headquartered in Seven Hills, NSW, AU. The stock last traded at $0.93, up 2.39% on the session, giving a market capitalisation of $1.7M. On trailing twelve-month figures it carries a trailing P/E of -0.12, a net margin of -87.7%. Its beta of 3.06 implies it has historically moved more than the broad market.
Innovation Beverage Group Limited (IBG), established in 2018 and based in Seven Hills, Australia, is dedicated to the development, production, distribution, and international sale of a diverse portfolio of alcoholic and non-alcoholic beverages. Operating across Australia and the United States, the company's offerings span various categories. Its alcoholic range includes bitters from brands like Australian Bitters Company and BitterTales, pre-mixed cocktails marketed under the Twisted Shaker label, light spirits, and mixers. Additionally, IBG produces other spirits such as Australis Gin, VOCO, Cheeky Vodka, Coventry Estate Gin, and Geo Liqueurs. For consumers seeking non-alcoholic options, the company provides a selection of alcohol-free beverages, notably its Drummerboy brand of non-alcoholic spirits. Furthermore, IBG facilitates direct consumer sales through its proprietary e-commerce platforms, including wiredforwine.com, bevmart.com, bevmart.com.au, and drummerboy.com, where it sells its own products alongside a curated assortment of wines and spirits. The company was initially incorporated as Australian Boutique Spirits PTY LTD, subsequently rebranding to Innovation Beverage Group Limited in June 2022.
Innovation Beverage Group Limited is most often compared with the following Consumer Defensive names: