Liquor Firms

Brokerages cheer Radico Khaitan's Q3 show; premium push, margins shine

Margins were a key positive surprise, analysts said. Gross margin expanded sharply to 46.5 per cent, aided by stable ENA and grain prices and a richer product mix.

Radico Khaitan sees FY27 revenue growth above estimates on premium demand

Managing Director Abhishek Khaitan said on Thursday he expects sales volume in the company's "prestige and above" business, which makes up roughly half of its total revenue, to climb over 15%

ICICI Securities retains 'Add' on United Spirits despite Q3 volume pressure

ICICI Securities on United Spirits: Despite volume pressure, USL reported steady revenue growth, aided by premiumisation.

Nomura bets on United Spirits as India's alcohol industry turns premium

In a note starting coverage on USL with a 'Buy' rating & target of ₹1,650, Nomura said the sector is seeing a paradigm change as consumers move away from 'drinking more' to 'drinking better'.

Fake liquor factory busted in Nagpur; ₹24 lakh stock, other items seized

The state excise department has busted a factory producing counterfeit Indian-made foreign liquor in Nagpur district, seizing alcohol stock and other materials valued at Rs 24.67 lakh, officials said. The excise personnel on Tuesday conducted a raid on a bungalow at Gondwana Pimpri in the Hingna area where the illegal unit was operating, an official said. They seized 1,090 litres of counterfeit liquor blend, 356 bottles of a liquor banned for sale in Maharashtra, and 90 bulk litres of another fake liquor. Equipment such as an electronic bottle sealing machine, fake labels, bottle caps, empty bottles, and a four-wheeler vehicle were also seized, the official said. A case has been registered against seven persons, he added.

India's water scarcity, state laws creating risks for beverage giants

India bars liquor movement across state borders without permits, forcing companies to set up production in each state despite water scarcity

Triveni Engineering rises 3% on Delhi entry with premium whisky launch

Triveni Engineering shares gained after the company announced its entry into Delhi's IMFL market, expanding its presence in the fast-growing premium & super-premium whisky segment.

Radico Khaitan premium push intact; Antique raises target to ₹3,800

Antique believes Radico's flagship premium whisky brand After Dark is on track to clock 3.5 million cases in FY26, up sharply from 1.9 million cases in FY25.

Cristal Azul targets 150,000 cases and ₹150 crore India revenue by 2026

New York-born, Mexico-produced tequila Cristal Azul is targeting 1.5 lakh cases and Rs 150 crore in revenue in its first two years in India, betting on premium spirits growth

Radico Khaitan surges 6%, hits record high; analysts see more upside

Looking ahead, Radico's management remains confident of delivering strong double-digit growth in the Prestige & Above category, enhanced profitability and a continuous focus on cash flow generation.

Allied Blenders plans double-digit growth, higher margins by FY27

Allied Blenders plans to invest Rs 547 crore to strengthen backward integration, expand globally, and grow its premium and luxury portfolio, aiming for higher margins and sustainable growth

White spirits lead Radico's growth story; Q2 net profit rises 73%

Radico Khaitan's net profit jumps 73% to Rs 139.5 crore in Q3FY26 as white spirits like vodka and gin outpace brown spirits in driving premiumisation

Radico Khaitan gets temporary relief in 'Kashmyr' trademark dispute

The Chandigarh HC stayed an injunction order against Radico Khaitan in the 'Kashmyr' trademark dispute filed by Piccadilly, allowing the company to continue business operations till the next hearing

Why did Systematix initiate coverage on Radico Khaitan? 16% upside seen

Radico Khaitan is entering a phase of strong operating leverage, with margin expansion, healthy cash flows, and a visible path to debt reduction by FY27

Delhi drinkers may soon pay Gurugram-like prices for premium liquor

Delhi government is weighing bringing premium alcohol prices at par with Gurugram and Faridabad, as fixed retail margins in the capital push buyers to neighbouring cities

Flying off the shelves: Duty-free liquor sales at Indian airports rise 13%

Global drinks firms are banking on India's rising disposable incomes and Gen Z travellers' premium tastes to power growth of duty-free liquor sales in coming years

Radico up 52% in 7 months; JM Financial initiates coverage with 'Buy' call

JM Financial Institutional Securities initiated coverage on Radico Khaitan with a 'Buy' rating and a target price of ₹3,515.

Why did share of this alcoholic beverage company rise 2% in trade today?

United Breweries share price was trading 1.6 per cent higher at ₹1,824.3 per share against the previous close of ₹1,795.8 on the NSE

Higher input costs likely to hit near-term margins of United Spirits

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.

Mukul Agrawal portfolio liquor stock rallies 6%, hits new high. Do you own?

Radico Khaitan shares hit a new high, as they rallied 6% after the company reported strong earnings for the June quarter