The stock of United Spirits Limited (USL), the country's largest liquor company by market capitalisation (mcap), has gained 11 per cent over the past week on double-digit growth guidance, rising premiumisation trend, operationally in-line performance in the March (Q4FY24) quarter and a rally in consumer stocks. Nevertheless, near-term demand woes could be a cause for concern.
The revenue growth of the company came in at 7 per cent year-onyear (Y-o-Y), mirroring the growth of the prestige and above (P&A) segment. This segment, comprising premium brands, accounts for 88 per cent of the revenues. The popular segment saw a revenue growth rate of 3.7 per cent on volumes of 4 per cent.
The ongoing premiumisation trend is aiding the growth of the P&A portfolio, and better pricing is helping drive value growth in the category.
Denne historien er fra June 06, 2024-utgaven av Business Standard.
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Denne historien er fra June 06, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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