Policy changes weigh on popular segment, but Street stays positive on demand recovery and improving mix
United Spirits: The stock price of the breweries & distilleries company quoted higher for the third straight day, surging 6 per cent during the period.
The liquor maker said premium demand remains healthy despite inflationary pressures and AI-driven employment uncertainty affecting sentiment in some consumer segments
The liquor maker reported higher quarterly sales, supported by double-digit growth in its prestige and above portfolio despite the impact of Maharashtra's policy changes
Jefferies said that premiumisation is the most important structural trend, with consumers trading up from country liquor and lower-end IMFL to Prestige & Above (P&A) segments.
Here's why Nandish Shah technical research analyst of HDFC Securities recommends a 'Bull Spread' strategy on Cipla and United Spirits derivatives for the July series.
As per the India-UK FTA, New Delhi will be reducing duty on UK whisky and gin from 150 per cent to 75 per cent and further to 40 per cent in the tenth year of the deal.
While companies have started to pass input cost rise to consumers, inflation, according to G Chokkalingam, founder and head of research at Equinomics Research has not become a major issue yet.
JM Financial has set a target price of ₹1,400 per share, implying a potential upside of 4.55 per cent from the current market price.
Diageo India reports resilient quarterly growth led by premium portfolio despite adverse impact from Maharashtra liquor policy changes
Pernod Ricard reported strong growth in India mainly driven by premiumisation thus giving a positive outlook for other liquor companies operating in the country.
A key trend in RCB, Rajasthan Royals deals is the shift from individual ownership to institutional and consortium-based ownership and IPL evolution as a global sports asset class.
Karnataka's new alcohol policy may benefit United Spirits and United Breweries as tax reforms and pricing flexibility could drive premiumisation, analysts said
Liquor stocks: Karnataka Chief Minister Siddaramaiah today announced a shift to a global taxation standard and the complete deregulation of alcohol pricing.
ICICI Securities says Indian units of global firms like HUL and Nestle India command premium valuations, making domestic listings a value unlocking strategy
Among key trends, spirits companies such as Radico Khaitan Ltd. and United Spirits Ltd. continued to outperform beer major United Breweries Ltd. on volumes, JM Financial said