United Spirits is up 10 per cent over the past month on expectations of a strong growth in Q3 led by the festival season, launches and improved outlook across segments.
The Nifty 50, in comparison, is flat over this period.
While there are multiple triggers for the Indian market leader in the spirits segment, in the near term, the Street will track the results of the December quarter (Q3FY25) and outlook/guidance, especially for the Prestige and Above (P&A) or the premium segment.
Most brokerages have pegged the volume growth for United Spirits at 9 per cent and sales growth at 14 per cent.
The higher revenue is on account of changed policy in Andhra Pradesh, launches and a higher share of the premium segment in the product mix.
Elara Securities expects the P&A segment to grow by 13.4 per cent over the year-ago quarter which will be its highest in the past five quarters.
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