0648 GMT - United Spirits has significant scope for medium-term business growth as India's premiumization trend gains momentum, Nomura analysts say in a research report. Consumer demographics and preferences are evolving toward premium prestige & above brands, the analysts say. This has driven strong revenue CAGR of 15% for United Spirits over FY 2022-2025, and has boosted the company's prestige & above brands' contribution to 90% from 73%, the analysts note. The alcoholic-beverage company's rich parentage, strong brands and higher-than-peer marketing spending provide scope for it to capture untapped opportunities in its portfolio. Nomura initiates coverage of the stock with a buy rating and a target price of INR1,650.00. Shares last closed at INR1,335.75. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
January 15, 2026 01:48 ET (06:48 GMT)
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