The stock of United Spirits (USL), the country's largest alcoholic beverage maker, has surged by 20 per cent over the past three months. This growth is driven by a combination of factors: better-than-expected performance in the first quarter (Q1) of 2024-25 (FY25), a strong premiumisation trend, excise duty cuts in Karnataka, and projections of double-digit growth for the financial year.
One of the key catalysts is the reduction in excise duty slabs in Karnataka, the largest spirits market in India. These cuts are expected to lower the prices of premium liquor in the state. The state government's move to rationalise the slabs aims to stay competitive with the pricing of premium liquor in neighbouring states. This is expected to result in lower prices, higher volumes, and increased excise revenue for the government.
この記事は Business Standard の September 16, 2024 版に掲載されています。
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この記事は Business Standard の September 16, 2024 版に掲載されています。
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