يحاول ذهب - حر
Strong Growth Outlook for United Spirits
August 19, 2025
|Financial Express Kolkata
Expects EBIT to Moderate, Stay Ahead of Revenue
-
UNITED SPIRITS (UNSP) POSTED Q1FY26 P&A (premium and high-end liquor brands) net sales/volumes growth of 9%/9% y-o-y while, ex-Andhra, P&A net sales/volume rose 3%/1% y-o-y. The gap in performance is due to Andhra being a lower prestige market. Price/mix was flat overall during the quarter though ex-Andhra it was 2.3%. United Spirits's overall EBITDA decreased 9.4% y-o-y—affected by investments behind key trademarks and brands.
Given Maharashtra's recent spirits taxes hike (likely 16%/14% United Spirits's overall/P&A sales), we expect P&A volume to be hurt and possibility of downtrading. Apart from this, glass and freight cost will inch up with planned maintenance in near term. Hence, we are cutting FY26E/27E EPS by 8%/4%, yielding TP of ₹1,710; retain 'BUY'.
هذه القصة من طبعة August 19, 2025 من Financial Express Kolkata.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Financial Express Kolkata
Financial Express Kolkata
Santa Claus rally to drive small-, mid-caps
AT A GLANCE
1 min
December 18, 2025
Financial Express Kolkata
Startup layoffs moderate; funding remains tight
AFTER THREE BRUISING years of funding slowdown and aggressive cost-cutting, the country's startup ecosystem is beginning to show early signs of labour market stabilisation, with layoffs easing both in scale and frequency in 2025.
1 min
December 18, 2025
Financial Express Kolkata
Starbucks smells the coffee
Price-sensitive consumers, high rentals prompt shift away from premiumisation
1 mins
December 18, 2025
Financial Express Kolkata
Quality-adjusted HDI changes perspective
It offers a more nuanced understanding of health, education, and economic opportunities. Focusing on qualitative aspects is crucial for India's growth
3 mins
December 18, 2025
Financial Express Kolkata
Tier-2 cities lead employment boom as job mkt grows 23%
INDIA'S JOB MARKET ended 2025 on a high, clocking a robust 23% year-on-year rise in hiring activity, signalling broad-based employer confidence and steady expansion across industries.
1 min
December 18, 2025
Financial Express Kolkata
Belgium top court upholds extradition of Mehul Choksi
THE HIGHEST COURT of Belgium — Court of Cassation-- has rejected the appeal of fugitive diamantaire Mehul Choksi against India’s extradition request, while endorsing a lower court's view that there are no grounds for his claims of flagrant denial of justice, torture or inhuman and degrading treatment in India, according to the order released on Wednesday.
1 min
December 18, 2025
Financial Express Kolkata
Redesigning Management Learning in AI-Infused Classrooms
I has quietly become part of the foundation of how people learn today.
1 min
December 18, 2025
Financial Express Kolkata
IndiGo COO, aviation officials appear before House panel
A PARLIAMENTARY PANEL examining the recent air traffic disruptions tried to fix responsibility for Indigo’s mass cancellation of flights as senior aviation officials and IndiGo COO Isidro Porqueras appeared before it on Wednesday, but found the replies of the airline and DGCA “evasive and unconvincing”, according to sources.
1 min
December 18, 2025
Financial Express Kolkata
Sweet sorghum may also work as ethanol feedstock
THE GOVERNMENT IS conducting a study to assess the feasibility of sweet sorghum as an alternative feedstock for production of ethanol to diversify the raw material base for the biofuel, the food ministry said in Parliament on Wednesday.
1 min
December 18, 2025
Financial Express Kolkata
Hyundai's Creta holds lead, but rival engines roar louder
MID-SIZE SUV BATTLE HEATS UP
2 mins
December 18, 2025
Listen
Translate
Change font size