BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Alcohol-beverage being a discretionary spend and with gradual pick up in on trade demand, shift of duty-free sales and increase in-home consumption are expected to benefit the players.
However, this will be partly off-set by lack of pent-up demand (unlike Q2 FY21) and festivity (unlike Q3 FY21).
Also, Andhra Pradesh state had been part of base for both United Spirits Ltd. and United Breweries Ltd. with gradual decline in sales and it would thus be a further dampener.
Increase in excise duty in West Bengal for Indian made foreign liquor to impact the segment volumes.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.