Premium portfolios to serve neat margin gains for liquor companies

Profits, uncorked: A spirited blend of festivals and weddings to pour strong growth in FY25's second half

The alcoholic beverage (alcobev) segment outperformed its peer categories within the discretionary consumer market in the 2024-25 (FY25) July-September quarter. While demand slowed in sectors like quick-service restaurant (QSR), apparel, and footwear, listed alcobev companies delivered strong performances.

 

QSR players reported same-store sales declines of 2-10 per cent due to subdued demand, and footwear companies posted modest 4 per cent revenue growth. Further, gross margins for major footwear players were lower due to inventory liquidation of non-Bureau of Indian Standards-certified products and increased discounting. Retail and apparel companies also missed Street estimates, with revenue growth marking the lowest in six