United Spirits Likely Has Significant Scope for Medium-Term Business Growth -- Market Talk

Dow Jones01-15

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)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment