The MD of India's Globus Spirits has said in an interview that he expects the company to achieve rises of at least 25% in sales and profits this year.

Speaking to CNBC-TV18 today (1 July), Ajay Swarup said that he expects growth of "well over" 25% for Globus in India.

He added that Globus aims to recoup a quarter of annual sales from its own brands within the next two years. Own-brands currently contribute only 8% of yearly sales.

For the full CNBC interview, click here.