Latest news with #AlliedBlenders&DistillersLtd
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Business Standard
6 days ago
- Business
- Business Standard
India liquor stocks rally on UK trade deal, premium spirits focus
Shares of India's Tilaknagar Industries Ltd and Allied Blenders & Distillers Ltd have surged more than 40 per cent since late April Bloomberg Indian alcoholic beverage stocks have outperformed global peers over the past three months on the back of a newly-signed UK trade deal and a focus on premium spirits. 'We expect momentum in the second half to hold,' partly fueled by the UK accord and continued premiumization in the market, said Ajay Thakur, an analyst at Anand Rathi Securities. The UK-India trade deal signed Thursday will halve import tariffs on whisky and gin to 75 per cent before reducing them to 40 per cent in a decade. That's expected to lower costs and improve margins for distillers in the South Asian nation, which often blend imported Scotch whisky with domestic grain-based spirits. Radico Khaitan Ltd plans to ship in ₹250 crore ($29 million) worth of bulk Scotch in fiscal 2026 and stands to benefit from the accord, ICICI Securities Ltd wrote in a note in June. Its shares have gained 10 per cent in the last three months. At the same time, the country's drinkmakers are expanding into premium booze to tap consumers at home and abroad. On Thursday, Tilaknagar said it will enter the Indian whisky market by buying Pernod Ricard SA's Imperial Blue brand. Still, volatility in input prices may stymie the stocks' rally, particularly given the inconsistent supply of broken rice, a key material in alcohol production. Rising competition in the premium segment is another concern. Even so, more companies breaking into the luxury liquor market can help increase brand awareness and support overall industry growth, said Thakur.
Bloomberg
6 days ago
- Business
- Bloomberg
UK Trade Deal, Premium Booze Drives Rally in India Liquor Stocks
Indian alcoholic beverage stocks have outperformed global peers over the past three months on the back of a newly-signed UK trade deal and a focus on premium spirits. Shares of India's Tilaknagar Industries Ltd and Allied Blenders & Distillers Ltd have surged more than 40% since late April, beating a Bloomberg index of international rivals. The gains could continue, supported by easing input costs from the trade pact and a shift toward higher-end liquors.
Business Standard
11-06-2025
- Business
- Business Standard
United Spirits Ltd Slips 5.31%
United Spirits Ltd has lost 2.48% over last one month compared to 0.55% fall in BSE Fast Moving Consumer Goods index and 0.05% rise in the SENSEX United Spirits Ltd fell 5.31% today to trade at Rs 1525.05. The BSE Fast Moving Consumer Goods index is down 0.03% to quote at 20620.83. The index is down 0.55 % over last one month. Among the other constituents of the index, Allied Blenders & Distillers Ltd decreased 2.71% and Prataap Snacks Ltd lost 1.6% on the day. The BSE Fast Moving Consumer Goods index went down 1.13 % over last one year compared to the 7.87% surge in benchmark SENSEX. United Spirits Ltd has lost 2.48% over last one month compared to 0.55% fall in BSE Fast Moving Consumer Goods index and 0.05% rise in the SENSEX. On the BSE, 37502 shares were traded in the counter so far compared with average daily volumes of 26342 shares in the past one month. The stock hit a record high of Rs 1700 on 03 Jan 2025. The stock hit a 52-week low of Rs 1236 on 18 Jun 2024.
