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Kingfisher beer maker United Breweries posts 16% slump in first-quarter profit India's United Breweries Ltd reported a 15.8% fall in June-quarter profit on Friday, dragged by higher excise duty and costs. The liquor maker, partly owned by the Dutch brewer Heineken NV, said its standalone profit fell to 1.36 billion rupees ($16.5 million) in the quarter ended June 30 from 1.62 billion rupees a year earlier. Total expenses rose 1.7%, outpacing a 0.9% increase in revenue to 52.41 billion rupees. The margin on the earnings before interest and taxes contracted 9...
Kingfisher beer maker United Breweries posts 16% slump in first-quarter profit
Kingfisher beer maker United Breweries posts 16% slump in first-quarter profit
Source: Reuters
29/07/2023 9:24:45 AM
Buy United Spirit Ltd For Target Rs.1,205 - Religare Broking Muted revenue due to seasonality: United Spirits’ net revenue from operations declined by 1% YoY/12.9% QoQ to Rs 2,172 Cr. Within divisions, its premium category Prestige & Above (P&A) segment revenue stood at Rs 1,876, up by 21.2% YoY while it declined by 13.7% sequentially on the account of high base of previous quarter. Its Popular and Other segment declined significantly by 54.3% YoY and 7.5% sequentially to Rs 296 Cr. Robust margin expansion: Its Gross profit was reporte...
Buy United Spirit Ltd For Target Rs.1,205 - Religare Broking
Buy United Spirit Ltd For Target Rs.1,205 - Religare Broking
Source: Religare Broking Ltd
27/07/2023 3:37:28 PM
United Spirits shines on reporting 83% rise in Q1 consolidated net profit United Spirits is currently trading at Rs. 1034.50, up by 59.10 points or 6.06% from its previous closing of Rs. 975.40 on the BSE. The scrip opened at Rs. 1000.00 and has touched a high and low of Rs. 1043.95 and Rs. 975.20 respectively. So far 339696 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1043.95 on 21-Jul-2023 and a 52 week low of Rs. 730.90 on 27-Feb-2023. Last one week high and low of the scrip sto...
United Spirits shines on reporting 83% rise in Q1 consolidated net profit
United Spirits shines on reporting 83% rise in Q1 consolidated net profit
Source: Accord Fintech
21/07/2023 12:36:22 PM
India`s United Spirits posts Q1 profit jump on tumbling expenses, premium sales India's United Spirits, which sells the Smirnoff brand of vodka and the Black Dog brand of whisky, reported a more-than-22% jump in Q1 profit on Thursday, as tumbling costs outpaced slowing demand and sales in its premium segment grew. The Bengaluru-based company's profit rose to 2.38 billion Indian rupees ($29.05 million) in the quarter ended June 30 from 1.95 billion rupees a year ago. Total expenses sank about 26% to 49.97 billion rupees, led by a 25% fall in costs of raw mat...
India`s United Spirits posts Q1 profit jump on tumbling expenses, premium sales
India`s United Spirits posts Q1 profit jump on tumbling expenses, premium sales
Source: Reuters
20/07/2023 6:03:52 PM
ADD United Spirits Ltd For Target Rs.900 - ICICI Securities Portfolio reshape playing out well, for now Continued outperformance in Prestige & Above (P&A) in Q4FY23 driven by portfolio reshape initiatives through innovations and renovations is pleasing. Further, balanced volume (~10% YoY) and price / mix growth (~12% YoY) in Q4FY23 vs largely mix driven growth in previous few quarters is also good though it had benefits of BIO normalisation. Popular portfolio underperformed with 18% YoY volume decline. Gross margins improved sequentially wi...
ADD United Spirits Ltd For Target Rs.900 - ICICI Securities
ADD United Spirits Ltd For Target Rs.900 - ICICI Securities
Source: ICICI Securities Ltd
2/06/2023 1:13:33 PM
Neutral United Spirits Ltd For Target Rs. 780 - Motilal Oswal M cost pressure persists * United Spirits (UNSP) reported a beat on all parameters. However, the management indicated that demand remains weak in the lower end of the prestige portfolio and popular. With socializing returning to normalcy and high tourist traffic, demand is expected to improve. * Gross margin benefitted from the reversal of indirect tax provisions; adjusting for it, gross margin would be 42.6% (est. 42.1%). * A&P spends increased significantly to 13.8% of sales du...
Neutral United Spirits Ltd For Target Rs. 780 - Motilal Oswal
Neutral United Spirits Ltd For Target Rs. 780 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
20/05/2023 12:10:08 PM
Stock Picks : United Spirits Ltd By ICICI Direct United Spirits Ltd Buy United Spirits Ltd 427- 428 CMP 802.45 ; Target 811.80; Stop Loss 791.70   Coforge Ltd Buy Coforge Ltd 427- 428 CMP 4204.00 ; Target 4257.00; Stop Loss 4153.70   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above ...
Stock Picks : United Spirits Ltd By ICICI Direct
Stock Picks : United Spirits Ltd By ICICI Direct
Source: ICICI Direct
17/05/2023 11:26:54 AM
Stock Picks : Grasim Ltd and United Spirits Ltd By ICICI Direct Grasim Ltd  Buy Grasim Ltd @ 1598-1602 CMP 1606.20 Stop Loss 1586.40 Target 1623.00    United Spirits Ltd Buy United Spirits Ltd @ 766.5-768 CMP 770.05 Stop Loss 760.70 Target 779.70       To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration...
Stock Picks : Grasim Ltd and United Spirits Ltd By ICICI Direct
Stock Picks : Grasim Ltd and United Spirits Ltd By ICICI Direct
Source: ICICI Direct Ltd
22/03/2023 10:42:49 AM
India's United Spirits December-quarter profit falls as sales drop, expenses weigh  Indian alcoholic beverage maker United Spirits Ltd on Tuesday reported a 64.4% slump in quarterly profit, hurt by soaring input costs, falling sales and a one-time expense. The maker of Johnny Walker whiskey reported a profit of 1.11 billion rupees ($13.61 million) in the quarter ended Dec. 31, down from 3.11 billion rupees in the previous year. The sector has been grappling with high cost of extra neutral alcohol and soda ash. Meanwhile, bottle prices have spiked due to inflation...
India's United Spirits December-quarter profit falls as sales drop, expenses weigh
India's United Spirits December-quarter profit falls as sales drop, expenses weigh
Source: Reuters
25/01/2023 11:43:58 AM
Neutral United Spirits Ltd For Target Rs. 880 - Motilal Oswal RM cost headwind to hurt near-term earnings, FY24 outlook better Key takeaways from our meeting with the management of United Spirits (UNSP) to obtain an update on its medium-term and near-term growth prospects: * Management remains clear that the recently concluded sale of popular brands was essential as the company did not have a right to win in this sub-segment. UNSP has retained McDowell’s No.1 and Director’s Special (DSP) in the popular segment. While McDowell’s N...
Neutral United Spirits Ltd For Target Rs. 880 - Motilal Oswal
Neutral United Spirits Ltd For Target Rs. 880 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd.
23/12/2022 10:28:13 AM
Buy United Spirit Ltd For Target Rs.1,093 - Religare Broking Improving realization and premiumization to drive growth Premium products to drive growth: USL reported its Q2 revenue at Rs 2,880 Cr registering a robust growth of 17.7% YoY and it sold 22.3 Mn cases which was up by 8.3% YoY. Amongst segments, Prestige & Above which is its premium segment accounts for 78.4% of the total revenue saw a growth of 23.1% YoY, led by initiatives such as premiumization and innovation taken in preceding quarters as well as strong brand value. Meanwhile, its p...
Buy United Spirit Ltd For Target Rs.1,093 - Religare Broking
Buy United Spirit Ltd For Target Rs.1,093 - Religare Broking
Source: Religare Broking Ltd
31/10/2022 10:33:44 AM
Add United Spirits For Target Rs.940 - ICICI Securities On the way to a ‘breakout growth’ Revenue growth print (at 18% YoY) was robust (ahead of consensus estimates) on the back of 14% YoY volume growth in Prestige & Above portfolio. Gross margins contracted to a multi-year low (39.5%), with costs control and cut in discretionary spends (including ad-spends) translating to a decent (in the current context) EBITDA margin print of 15.5%. We note that the current performance needs to be seen in the context of some operational headw...
Add United Spirits For Target Rs.940 - ICICI Securities
Add United Spirits For Target Rs.940 - ICICI Securities
Source: ICICI Securities Ltd
25/10/2022 11:33:01 AM
Buy United Spirit Ltd For Target Rs. 980 - Religare Broking * Mcdowell-N has had a prolonged consolidation phase that lasted nearly 6 years (2015-2021) and it finally witnessed a breakout from the same in September 2021. * It made a new record high at 1019.95 levels in November 2021 post that consolidation breakout however profit taking in the following months again retraced the stock to the neckline (breakout) area of the pattern. * It has been gradually inching higher for the last 4 months and looks set to regain momentum now. We thus recommen...
Buy United Spirit Ltd For Target Rs. 980 - Religare Broking
Buy United Spirit Ltd For Target Rs. 980 - Religare Broking
Source: Religare Broking Ltd
25/10/2022 11:28:56 AM
India`s United Spirits profit doubles on one-off gain  India's United Spirits Ltd said on Friday its quarterly profit more than doubled from a year earlier, driven by a one-off gain from the sale of some brands to Inbrew. The Johnnie Walker whiskey maker said profit came in at 5.63 billion rupees ($67.83 million) for the three months ended Sept. 30, compared with 2.73 billion rupees a year earlier. Analysts on average had expected a profit of 2.36 billion rupees, according to Refinitiv IBES data. United Spirits, the Indian unit...
India`s United Spirits profit doubles on one-off gain
India`s United Spirits profit doubles on one-off gain
Source: Reuters
22/10/2022 10:58:50 AM
Diwali Fundamental Muhurat Picks By ARETE Securities VIP Industries Ltd. CMP: INR 683 VIP Industries is India's largest luggage manufacturing company which manufactures luggage and travel accessories. It is based in Mumbai, India and is the world's second-largest and Asia's largest luggage maker. The company has more than 8,000 retail outlets across India and a network of retailers in 50 countries. It acquired United Kingdom-based luggage brand Carlton in 2004 Key Investment Rationales Immense scope for margin expansio...
Diwali Fundamental Muhurat Picks By ARETE Securities
Diwali Fundamental Muhurat Picks By ARETE Securities
Source: ARETE Securities Ltd
19/10/2022 2:39:41 PM
Diwali Funadamental Muhurat Picks 2022 By Religare Broking Asian Paints Ltd: CMP 3,198, Target 3,952, Upside 23.6% Poised for colourful future Asian Paints is the market leader in India and 9th largest paint company globally. It has a strong hold over the decorative segment with a market share of 55%. It manufactures a wide range of coatings for decorative and industrial use and offer wall coverings, adhesives and services under their portfolio. Over the last few years, the company has forayed into the Home Décor segment including k...
Diwali Funadamental Muhurat Picks 2022 By Religare Broking
Diwali Funadamental Muhurat Picks 2022 By Religare Broking
Source: Religare Broking Ltd
18/10/2022 11:46:10 AM
Buy United Spirit Ltd For Target Rs.945 - Religare Broking * Mcdowell-N has had a prolonged consolidation phase that lasted nearly 6 years (2015-2021) and it finally witnessed a breakout from the same in September 2021. * After the initial surge post-breakout, it has been trading with the corrective bias for the last nine months. And, it retraced to the neckline (breakout) area of the previous consolidation zone of late, which is now acting as strong support. *  The recent rebound reaffirms our bullish view and we expect gradual recovery f...
Buy United Spirit Ltd For Target Rs.945 - Religare Broking
Buy United Spirit Ltd For Target Rs.945 - Religare Broking
Source: Religare Broking Ltd
5/09/2022 4:37:53 PM
United Spirits Q1 net profit zooms 204.34% at Rs 210.30 cr The company reported standalone net profit of Rs 210.30 crore for the quarter ended June 30, 2022 as compared to Rs 69.10 crore in the same period last year, registering a year-on-year growth of 204.34 per cent. Net revenue of the company rose substantially by 34.31 per cent at Rs 2,169.30 crore in April-June quarter of this fiscal as against Rs 1,615.10 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 30.93 per cent to Rs 1,895.10 cro...
United Spirits Q1 net profit zooms 204.34% at Rs 210.30 cr
United Spirits Q1 net profit zooms 204.34% at Rs 210.30 cr
Source: Dion Global Solutions Ltd
27/07/2022 10:48:51 AM
Buy United Spirit Ltd For Target Rs.880 - Religare Broking Religare Super Ideas**   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ000174330   Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
Buy United Spirit Ltd For Target Rs.880 - Religare Broking
Buy United Spirit Ltd For Target Rs.880 - Religare Broking
Source: Religare Broking Ltd
25/07/2022 10:39:36 AM
Weekly Tech Picks - United Spirits Limited, ITC Limited, The Federal Bank Limited, UltraTech Cement Limited By Axis Securities United Spirits Limited • On the daily chart, the stock has witnessed “down sloping channel” breakout around 780 levels on a closing basis • This breakout is accompanied with huge volumes indicating increased participation • In addition, the stock has confirmed higher tops and bottoms formation • The stock is well placed above its 20, day SMA which reconfirmed bullish trend • The daily and weekly strength indicator RSI is in bullish mode...
Weekly Tech Picks - United Spirits Limited, ITC Limited, The Federal Bank Limited, UltraTech Cement Limited By Axis Securities
Weekly Tech Picks - United Spirits Limited, ITC Limited, The Federal Bank Limited, UltraTech Cement Limited By Axis Securities
Source: Axis Securities Ltd
4/07/2022 11:18:29 AM
United Spirits shines on getting nod to sell 32 brands to Inbrew United Spirits is currently trading at Rs. 821.85, up by 43.20 points or 5.55% from its previous closing of Rs. 778.65 on the BSE. The scrip opened at Rs. 800.50 and has touched a high and low of Rs. 826.30 and Rs. 780.30 respectively. So far 59481 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 1019.75 on 09-Nov-2021 and a 52 week low of Rs. 597.10 on 28-May-2021. Last one week high and low of the scrip stood a...
United Spirits shines on getting nod to sell 32 brands to Inbrew
United Spirits shines on getting nod to sell 32 brands to Inbrew
Source: Accord Fintech
30/05/2022 10:30:56 AM
Stock Picks - NTPC Ltd And United Spirits By ICICI Direct NTPC Limited Buy NTPC Limited @ 148-148.5 CMP 146.70 Stop Loss 149.30 Target 151.20   United Spirits Buy United Spirits @ 927.00-929.00 CMP 930.85 Stop Loss 918.70 Target 936.80   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all participants are for ...
Stock Picks - NTPC Ltd And United Spirits By ICICI Direct
Stock Picks - NTPC Ltd And United Spirits By ICICI Direct
Source: ICICI Direct
6/04/2022 12:39:42 PM
Update on United Spirits Ltd By Yes Securities Strong outlook ahead as premiumization drive and margin improvement continues Result summary * Standalone performance – Revenue grew 15.9% YoY in Q3FY22 and 14.3% adjusted for prior year one‐off sale of bulk scotch led by underlying volume growth of 3.7%. Gross margin down by 49bps to 44.1% owing to RM inflation partially offset by superior mix and improved productivity. EBITDA margin up by robust 159bps driven by lower employee and other expenses partially offset by higher A&...
Update on United Spirits Ltd By Yes Securities
Update on United Spirits Ltd By Yes Securities
Source: Yes Securities Ltd
10/02/2022 11:04:11 AM
Reduce United Spirits Ltd For Target Rs.815 - Edelweiss Financial Services Right strategy but stiff competition United Spirits’ (USL) Q3FY22 revenue (up 15.9% YoY) came in below our estimates, while EBITDA (up 27.9% YoY) and PAT (up 26.6% YoY) came in ahead of our estimates. As we had highlighted, ad spends are up sharply (up 26.3% YoY) on the back of rising competitive intensity. Overall volume growth was 3.7% YoY. The P&A volumes grew 7.9% YoY (up 4.2% on 2-year CAGR basis). Overall, we like USL’s new strategic direction; however intensifying...
Reduce United Spirits Ltd For Target Rs.815 - Edelweiss Financial Services
Reduce United Spirits Ltd For Target Rs.815 - Edelweiss Financial Services
Source: Edelweiss Financial Services Ltd
31/01/2022 9:53:12 AM
Neutral United Spirits Ltd For Target Rs.920 - Motilal Oswal Performance below our expectations; outlook unclear * UNSP’s 3QFY22 performance came in below our estimates. Unlike other Discretionaries, its weak two-year average sales, EBITDA, and PAT (6-8% range) was despite a near normal quarter. * This is especially disappointing given the context of relatively softer input cost inflation, a highly favorable tax environment (no excise increases in the FY22 state budgets), and higher than usual realization led sales growth. * It is fairly...
Neutral United Spirits Ltd For Target Rs.920 - Motilal Oswal
Neutral United Spirits Ltd For Target Rs.920 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
29/01/2022 10:13:42 AM
Key News - Life Insurance Corporation Ltd , Vedanta Ltd , Cipla Ltd, United Spirits Ltd , Federal Bank Ltd By ARETE Securities Key New Tube Investments to buy 70% stake in e-tractor co Cellestial for Rs 161 cr Marking its aggressive foray into e-mobility space, Murugappa group company Tube Investments of India (TII) has decided to come up with a 100 per cent subsidiary to focus on clean mobility and is planning to infuse around Rs 350 crore into the newly-formed arm through a combination of equity, preference and debt instruments. The new subsidiary will also acquire a 70 per cent stake in Cellestial EMobili...
Key News - Life Insurance Corporation Ltd , Vedanta Ltd , Cipla Ltd, United Spirits Ltd , Federal Bank Ltd By ARETE Securities
Key News - Life Insurance Corporation Ltd , Vedanta Ltd , Cipla Ltd, United Spirits Ltd , Federal Bank Ltd By ARETE Securities
Source: ARETE Securities Ltd
27/01/2022 9:51:35 AM
Stock Picks - United Spirits Ltd and Bharat Electronics​​​​​​​​​​​​​​ Ltd By ICICI Direct United Spirits Ltd Buy United Spirits Ltd @ 913.00-915.00 CMP 915.00 TGT 931.00 SL 905.30   Bharat Electronics Ltd Buy Bharat Electronics Ltd @ 216.50-217.50 CMP 217.40 TGT 221.50 SL 214.80   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all participants are for informat...
Stock Picks - United Spirits Ltd and Bharat Electronics​​​​​​​​​​​​​​ Ltd By ICICI Direct
Stock Picks - United Spirits Ltd and Bharat Electronics​​​​​​​​​​​​​​ Ltd By ICICI Direct
Source: ICICI Direct
5/01/2022 11:12:36 AM
Neutral United Spirits Ltd For Target Rs.1,025 - Motilal Oswal Emerging headwinds; fair valuations – downgrade to Neutral United Spirits (UNSP) has been the second best performer in our Coverage Universe since our upgrade to Buy rating in Jan’21 (only marginally below Titan), with the stock price moving up nearly 60% since. It has also comfortably outperformed its other largecap alcobev peer, UBBL, since our upgrade. a) The strategic refresh under the new CEO as well as b) the ongoing strategic review of the Popular portfolio (to be conclu...
Neutral United Spirits Ltd For Target Rs.1,025 - Motilal Oswal
Neutral United Spirits Ltd For Target Rs.1,025 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
11/12/2021 9:53:29 AM
Buy United Spirits Ltd For Target Rs.1050 - ICICI Direct Premiumisation trend continues to strengthen… About the stock: United Spirits (USL) is India’s leading alcoholic beverage company and subsidiary of global leader Diageo plc. It manufactures, sells premium liquor brands such as Johnnie Walker, Black Dog, Black & White, Vat 69, Antiquity, Signature, Royal Challenge, McDowell’s No 1, Smirnoff and Captain Morgan. * Prestige and above segment comprises 67% of its revenues * It aims to grow its revenues in double dig...
Buy United Spirits Ltd For Target Rs.1050 - ICICI Direct
Buy United Spirits Ltd For Target Rs.1050 - ICICI Direct
Source: ICICI Direct
1/12/2021 10:08:52 AM
Buy United Spirits Ltd For Target Rs.1,015 - Emkay Global Raising growth targets * UNSP posted a strong performance in Q2, with sales/underlying EBITDA growing by 14%/ 30% to Rs24.4bn/Rs4bn, beating estimates by 3%/13%. P&A growth was robust at 20%, led by strong 14% realization gains. Operating margins were higher on mix and lower ad spends. * Management presented its new growth strategy to achieve double-digit sales growth, led by much higher P&A growth vs. historic 9-10% rates. While execution remains key, commentary highlights incr...
Buy United Spirits Ltd For Target Rs.1,015 - Emkay Global
Buy United Spirits Ltd For Target Rs.1,015 - Emkay Global
Source: Emkay Global Financial Services Ltd
26/11/2021 9:36:35 AM
Reduce United Spirits Ltd For Target Rs.870 - Edelweiss Financial Services Decent results; stock pricey United Spirits (USL) reported higher-than-expected Q2FY22 revenue and adjusted EBITDA (ex-one-offs) growth of 14% YoY and 29% YoY, respectively. Gross margin expanded by 207bps YoY, but dipped 41bps QoQ—as we had indicated earlier. Meanwhile, lower ad spends (down 88bps YoY) lifted adjusted EBITDA margin by 190bps YoY. Overall volume growth was up 3.5% YoY (1% dip on two-year basis). The P&A segment’s volume grew 6.1% YoY (up 5.7% on two-year ba...
Reduce United Spirits Ltd For Target Rs.870 - Edelweiss Financial Services
Reduce United Spirits Ltd For Target Rs.870 - Edelweiss Financial Services
Source: Edelweiss Financial Services Ltd
11/11/2021 11:03:45 AM
Reduce United Spirits Ltd For Target Rs.870 - Edelweiss Financial Services Decent results; stock pricey United Spirits (USL) reported higher-than-expected Q2FY22 revenue and adjusted EBITDA (ex-one-offs) growth of 14% YoY and 29% YoY, respectively. Gross margin expanded by 207bps YoY, but dipped 41bps QoQ—as we had indicated earlier. Meanwhile, lower ad spends (down 88bps YoY) lifted adjusted EBITDA margin by 190bps YoY. Overall volume growth was up 3.5% YoY (1% dip on two-year basis). The P&A segment’s volume grew 6.1% YoY (up 5.7% on two-year...
Reduce United Spirits Ltd For Target Rs.870 - Edelweiss Financial Services
Reduce United Spirits Ltd For Target Rs.870 - Edelweiss Financial Services
Source: Edelweiss Financial Services Ltd
4/11/2021 9:58:27 AM
Weekly Tech Picks - United Spirits Ltd, NTPC Ltd, Triveni Engineering & Industries Ltd, Tata Motors Ltd By Axis Securities United Spirits Limited * On the daily chart, the stock has witnessed a “Flag” continuation breakout around 840 levels indicating resumption of earlier up move * The stock is well placed above its 20, 50 and 100 day SMA’s which reconfirm bullish sentiments * Rising volumes at breakout zone signals increased participation * The stock is in up trend forming a series of higher tops and bottoms * The daily and weekly strength indicator RSI is in...
Weekly Tech Picks - United Spirits Ltd, NTPC Ltd, Triveni Engineering & Industries Ltd, Tata Motors Ltd By Axis Securities
Weekly Tech Picks - United Spirits Ltd, NTPC Ltd, Triveni Engineering & Industries Ltd, Tata Motors Ltd By Axis Securities
Source: Axis Securities Ltd
3/10/2021 9:39:53 AM
Buy United Spirits Ltd : Recovery evident, longer term prospects remain attractive - Motilal Oswal Buy United Spirits Ltd For Target Rs.975 Recovery evident, longer term prospects remain attractive We interacted with the management of United Spirits (UNSP) for an update on overall market conditions. Here are the key takeaways: * Recovery has been strong in recent months, with on-trade re-opening and off trade demand remaining healthy. Especially heading into 3QFY22 (a historically important quarter for spirit consumption), the recovery is encouraging. * The ‘strategy refr...
Buy United Spirits Ltd : Recovery evident, longer term prospects remain attractive - Motilal Oswal
Buy United Spirits Ltd : Recovery evident, longer term prospects remain attractive - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
24/09/2021 10:19:33 AM
Buy United Spirits Limited Target Rs.760 - Religare Broking Derivative Ideas  MCDOWELL-N FUTS added around 12% in open interest in as LONG buildup was seen in it. Current chart pattern also indicates further up move in its price. We suggest buying in MCDOWELL-N as per below levels. Strategy:- BUY MCDOWELL-N BETWEEN 727-730 SL 715 TARGET 760.   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is INZ000174330 ...
Buy United Spirits Limited Target Rs.760 - Religare Broking
Buy United Spirits Limited Target Rs.760 - Religare Broking
Source: Religare Broking Ltd
2/09/2021 11:11:45 AM
Stock Picks - Buy United Spirits Ltd For Target Rs. 765 - ICICI Direct Technical Observations * has rebounded after taking support at 61.8% retracement of recent upmove (|630-731) coincided with 20 days EMA signaling resumption of uptrend and fresh entry opportunity * Going ahead we expect it to endure its current up move and head towards | 765 levels as it is the 161.8% external retracement of its recent breather (|731—675) * The recent price rise was accompanied by strong volumes which was 8 times its average 200 day volume (23 lacs) and po...
Stock Picks - Buy United Spirits Ltd For Target Rs. 765 - ICICI Direct
Stock Picks - Buy United Spirits Ltd For Target Rs. 765 - ICICI Direct
Source: ICICI Direct
30/08/2021 10:53:11 AM
Weekly Tech Picks - United Spirits Ltd, HDFC Asset Management Company Ltd, Adani Ports and Special Economic Zone Ltd, SBI Life Insurance Company Ltd By Axis Securities United Spirits Limited On the daily chart, the stock has rebounded from its earlier breakout zone of 680 levels indicating resumption of the uptrend The stock is well placed above its 20 and 50-day SMA’s which reconfirm bullish sentiments Rising volumes near support zone 27 August, 2021 signals increased participation on correction The stock is in strong up trend across all the time frames forming a series of higher tops and bottoms The daily and weekly strength indi...
Weekly Tech Picks - United Spirits Ltd, HDFC Asset Management Company Ltd, Adani Ports and Special Economic Zone Ltd, SBI Life Insurance Company Ltd By Axis Securities
Weekly Tech Picks - United Spirits Ltd, HDFC Asset Management Company Ltd, Adani Ports and Special Economic Zone Ltd, SBI Life Insurance Company Ltd By Axis Securities
Source: Axis Securities Ltd
29/08/2021 8:40:50 AM
Buy United Spirits Ltd For Target Rs. 770 By Angel Broking Ltd 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 heal...
Buy United Spirits Ltd For Target Rs. 770 By Angel Broking Ltd
Buy United Spirits Ltd For Target Rs. 770 By Angel Broking Ltd
Source: Angel Broking Ltd
26/07/2021 12:05:04 PM
Buy United Spirits Ltd Target Rs. 685 - Religare Broking Derivative Ideas MCDOWELL-N FUTS added around 24% in open interest as LONG buildup was seen in it. Current chart pattern also indicates further up move in its price. We suggest buying in MCDOWELL-N in cash as per below levels. Strategy:- BUY MCDOWELL-N BETWEEN 664-665 STOPLOSS 656 TARGET 685.   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is INZ000174...
Buy United Spirits Ltd Target Rs. 685 - Religare Broking
Buy United Spirits Ltd Target Rs. 685 - Religare Broking
Source: Religare Broking Ltd
19/07/2021 11:57:11 AM
Weekly Tech Picks - United Spirits Ltd, Chambal Fertilizers & Chemicals Ltd, Dixon Technologies (India) Ltd, Asian Paints Ltd - Axis Securities United Spirits Limited * On the weekly chart, the stock has witnessed “Consolidation Range” (500- 650) breakout indicating resumption of earlier up move * On the weekly chart, the stock continue to trend higher forming a series of higher Tops and higher Bottoms formation * Stock is well placed above its 20, 50 and 100 Day SMA which supports bullish sentiments * The daily and weekly strength indicator RSI is in bullish mode which supports rising strength as well as mome...
Weekly Tech Picks - United Spirits Ltd, Chambal Fertilizers & Chemicals Ltd, Dixon Technologies (India) Ltd, Asian Paints Ltd - Axis Securities
Weekly Tech Picks - United Spirits Ltd, Chambal Fertilizers & Chemicals Ltd, Dixon Technologies (India) Ltd, Asian Paints Ltd - Axis Securities
Source: Axis Securities Ltd
21/06/2021 9:27:27 AM
Add United Spirits Ltd For Target Rs. 650 - ICICI Securities Resilient off-trade and margin performance Strong Prestige & Above segment and a resilient off-trade channel aided volume print of +8% in 4QFY21. Restrictions in on-trade and issues in West Bengal and Andhra Pradesh continued to impact. Favourable gross margins, costs controls and operating leverage helped deliver a superior margin performance (EBITDA margin up 490 bps YoY to 18.5%). Improved cash generation aided net debt reduction to Rs5bn. OCF/FCF generation in FY21 was Rs17.3bn / R...
Add United Spirits Ltd For Target Rs. 650 - ICICI Securities
Add United Spirits Ltd For Target Rs. 650 - ICICI Securities
Source: ICICI Securities Ltd
18/06/2021 9:24:12 AM
Buy United Spirits Ltd For Target Rs. 710 - ICICI Direct Strong operational performance amid tough scenario United Spirits continued its strong momentum in Q4, reporting 8% YoY growth in volumes mainly led by resilience in off-trade channels and strong performance of prestige and above segment. Net revenues grew 12% YoY to | 2224 crore (I-direct estimate: | 1991 crore) in spite of softer on-trade channel. Prestige & above segment volumes grew 19% YoY to 10 million cases while popular segment reported largely flat volumes at 9.7 million cases...
Buy United Spirits Ltd For Target Rs. 710 - ICICI Direct
Buy United Spirits Ltd For Target Rs. 710 - ICICI Direct
Source: ICICI Direct
17/06/2021 9:51:48 AM
Buy United Spirits Ltd For Target Rs. 685 - Motilal Oswal Better-than-expected results; lockdown leads to sharp EPS cut * United Spirits (UNSP) reported in-line sales and significantly better-thanexpected EBITDA and PAT in 4QFY21. The key highlight of the result was the net debt declining to INR5.6b at end-FY21 (from INR20.7b at end-FY20) – the net debt has halved even over Sep’20 levels. While deleveraging has historically been a key success area for UNSP, it was particularly laudable in FY21 given the weak operating environment. The...
Buy United Spirits Ltd For Target Rs. 685 - Motilal Oswal
Buy United Spirits Ltd For Target Rs. 685 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
17/06/2021 9:30:19 AM
Key News - JSW Steel Ltd, United Spirits Ltd, Tax arbitration, Amara Raja Batteries Ltd by ARETE Securities Key News JSW Steel posts massive 18-fold hike in consol Q4 PAT at Rs 4,198 cr Sajjan Jindal-led JSW Steel reported a lower-than-expected consolidated net profit attributable to the owners of the company at Rs 4,198 crore in the March quarter, as against a meager Rs 231 crore clocked in the corresponding period last year. The company’s top line in the period under review stood at Rs 26,456 crore, up 51 per cent from the same period last year lent support to the bottomline. The comp...
Key News - JSW Steel Ltd, United Spirits Ltd, Tax arbitration, Amara Raja Batteries Ltd by ARETE Securities
Key News - JSW Steel Ltd, United Spirits Ltd, Tax arbitration, Amara Raja Batteries Ltd by ARETE Securities
Source: ARETE Securities Ltd
24/05/2021 9:22:22 AM
Buy United Spirits Ltd For Target Rs.647 - HDFC Securities Our Take: United Spirits (UNSP) is the leader in the Indian spirits market, with ~33% volume share. It has an established portfolio of ~120 brands across the price spectrum, with 13 millionaire (million cases sold per annum) brands including 4 brands with over 10mn cases per annum in sales. McDowell’s No.1, Royal Challenge, Signature, Antiquity, Black Dog, Director’s Special Black, McDowell’s Rum, McDowell’s Brandy, Bagpiper, Old Tavern, Haywards are some of the ma...
Buy United Spirits Ltd For Target Rs.647 - HDFC Securities
Buy United Spirits Ltd For Target Rs.647 - HDFC Securities
Source: HDFC Securities Ltd
30/03/2021 10:21:58 AM
United Spirits Ltd : Volume misses estimate; recovery continues - Emkay Global Volume misses estimate; recovery continues * Q3 results were marginally below expectations with net sales declining 4% to Rs25bn due to weaker P&A performance, impacted by high comparables and AP. EBITDA declined 10% to Rs3.8bn, missing estimates by 7%. APAT fell 11%. * Excluding Andhra Pradesh, P&A growth was better at 4.5%. Pipeline correction post higher stocking in Q2 ahead of the festive season has also resulted in the slight miss, in our view. Recovery trends across marke...
United Spirits Ltd : Volume misses estimate; recovery continues - Emkay Global
United Spirits Ltd : Volume misses estimate; recovery continues - Emkay Global
Source: Emkay Global Financial Services Ltd
1/02/2021 8:55:58 AM
United Spirits Ltd : Gradual revenue recovery; resilient margins - HDFC Securities Add United Spirits Ltd For Target Rs.640  Gradual revenue recovery; resilient margins UNSP continued its recovery in 3QFY21, with revenue/EBITDA decline of 4/10% YoY (HSEI -5/-17%). Recovery in P&A was strong with value/volume decline of 1/0% YoY, despite the heavy base (strong new year demand in base quarter). Underlying growth in P&A (ex-AP impact) was strong at 4.5%. The reopening of pubs and bars and targeted marketing campaigns for in-home occasions supported the recov...
United Spirits Ltd : Gradual revenue recovery; resilient margins - HDFC Securities
United Spirits Ltd : Gradual revenue recovery; resilient margins - HDFC Securities
Source: HDFC Securities Ltd
30/01/2021 10:34:50 AM
Update On United Spirits Ltd By Yes Securities Ltd 3Q investor call takeaways – marginal disappointment on growth, demand normalization still some time away * View – After a good recovery in 2Q, 3Q growth was slightly disappointing as the on‐trade channel also opened up. While it can be explained to some extent by high base and recovery in beer, this increases the uncertainty with regards to timing of normalization of demand which might be an overhang for valuations. While multiples at 33x FY23 are undemanding, given the uncer...
Update On United Spirits Ltd By Yes Securities Ltd
Update On United Spirits Ltd By Yes Securities Ltd
Source: Yes Securities Ltd
29/01/2021 10:05:07 AM