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.
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
Q4FY26 company results: Firms including Apollo Tyres, Muthoot Finance, Indian Railway Finance Corporation, and Tata Motors Passenger Vehicles are also to release their January-March earnings today
Nomura says United Spirits' plan for the IPL team could unlock a one-time payout for shareholders
Sale of RCB stake to boost cash flows and support deleveraging, while premiumisation and policy shifts underpin steady growth outlook for United Spirits
RCB and Rajasthan Royals' billion-dollar deals reveal how IPL teams are valued, from media rights and cash flows to brand power, scarcity and future growth expectations
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
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
United Spirits reported a net profit of ₹418 crore in the third quarter ended December, up from ₹335 crore in the same quarter last year
United Spirits remains confident of sustaining a 6-8% price mix over the medium term, aided by portfolio premiumisation and Maharashtra's liquor policy, even as volumes face pressure at the lower end
ICICI Securities on United Spirits: Despite volume pressure, USL reported steady revenue growth, aided by premiumisation.
Stocks to watch today, Wednesday, January 21, 2026: Cyient DLM, Shoppers Stop, HDFC Bank, Tata Steel, and Vikram Solar are among other key stocks to track today.
USL, a subsidiary of Diageo, saw revenue rise 7.6 per cent to ₹3,694 crore in Q3 FY26, while its PBIDT (profit before interest, depreciation and tax) was up 1.6 per cent to ₹650 crore
Q3FY26 company results: Firms including SRF, Persistent Systems, Gujarat Gas, IndiaMART InterMESH, and AU Small Finance Bank are also to release their October-December earnings reports today
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'.
United Spirits shares fell after it announced the resignation of Diwaker Vij, vice president - commercial finance, effective December 31, 2025