IGI Logo

United Spirits (USL) is engaged in the business of manufacture, purchase and sale of beverage alcohol and other allied spirits, including through tie-up manufacturing units and through strategic franchising of some of its brands. In 1QFY22, USL has shown strong revenue recovery of ~67% yoy and Profit growth of ~120% yoy. Going forward, with the drop in COVID positivity rates and steady increase in the vaccination coverage, we expect the recovery momentum to accelerate. Further, we expect healthy revenue growth & profitability on the back of wide distribution network & strong brand, product innovation and other category growth initiatives. Hence, we are positive on stock.

United Spirits : CMP-Rs669 Target Price:-Rs770

Above views are of the author and not of the website kindly read disclaimer