Stocks to buy: Ajit Mishra of Religare Broking recommends buying Axis Bank, Glenmark Pharma, and United Spirits; also suggests Nifty trading strategy
Diageo India (United Spirits Ltd) has reported a 93 per cent reduction in greenhouse gas emissions since 2020 in its fourth annual ESG index, achieving 99 per cent renewable energy use well ahead of its 2030 targets. The Environmental, Social, and Governance (ESG) index, aligned with Global Reporting Initiative standards, UN Sustainable Development Goals and Sustainability Accounting Standards Board disclosures, covers fiscal year 2024-2025 and highlights water conservation, low-carbon initiatives and community impacts in water-stressed regions. Jitendra Mahajan, Diageo India's Chief Supply and Sustainability Officer, said the agenda builds a business that "grows responsibly, leads with integrity and creates long-term value". Key achievements include a 54 per cent improvement in water-use efficiency at distilleries and 35 per cent at packaging sites since 2020, with 1,82,000 cubic metres replenished in FY25, bringing the cumulative total to 11 lakh cubic metres since 2020. Initiati
Raw material costs will remain supportive for spirits players, with prices of ENA (extra neutral alcohol) and glass expected to stay benign
Months after RCB's first IPL crown, Diageo plans to sell both the men's and women's teams. Strategic reasons, valuation, and timeline explained.
Diageo, the parent company of United Spirits, plans to divest its stake in IPL franchise Royal Challengers Bengaluru. Tech chart suggests United Spirits stock can potentially zoom up to 28% from here.
Move part of Diageo-backed firm's portfolio review as RCB franchise remains non-core; review process expected to conclude by March 2026
ICICI Securities has maintained its Add rating on the stock with a revised target price of ₹1,550 per share (previously ₹1,450), while Nuvama has retained its Buy rating with a target price of ₹1710
The company's Q2FY26 net profit rose to ₹464 crore on 11.6% higher revenue; CEO Praveen Someshwar says festive and wedding season to drive H2 growth
Liquor stocks in focus: Radico Khaitan sees substantial long-term opportunity in premium and luxury brands owing to rising affluence, evolving preference, and rising demand for elevated experiences.
Heavy rains in Q2FY26 adversely affected seasonal categories such as carbonated drinks, ready-to-drink juices, beer, ice creams, and hair/skin summer care products.
Jefferies has a target price of ₹2,800 per share for Radico Khaitan, ₹1,315 for United Spirits, and ₹620 for Allied Blenders
United Spirits' revenue grew in the June quarter, driven by volume growth, but margins were hit by higher advertising and promotional costs. Brokerages see price correction as a potential opportunity.
Technical charts show that alcohol and tobacco-related stocks such as ITC, VST Industries and United Spirits seem to be unfavourably placed, and could fall up to 18 per cent from here.
Diageo-controlled liquor maker United Spirits Ltd on Wednesday reported a 14 per cent decline in its consolidated net profit to Rs 417 crore for the June quarter of FY26. The company had posted a net profit of Rs 485 crore a year ago, according to a regulatory filing from United Spirits Ltd (USL). Its revenue from operations was marginally up at Rs 6,295 crore during the quarter under review. It was Rs 6,238 crore in the corresponding period of the previous fiscal. USL's total expenses stood at Rs 5,776 crore, up 2.79 per cent in the June quarter. In the June quarter, "EBITDA was Rs 644 crore, down 9.7 per cent, largely due to a one-off indirect tax item impact and relatively higher A&P in the standalone business", said USL in its earnings statement. In the June quarter, USL's income from the 'Beverage alcohol' segment rose 8.37 per cent to Rs 2,549 crore. Its sports business, Royal Challengers Sports Private Ltd (RCSPL), which owns the RCB team for IPL and WPL, registered a 15.7