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.
ICICI Securities Report
United Spirits Ltd.’s Q2 underlying revenue and volume decline of just 3% is significantly better than consensus expectations.
Flat volumes in Prestige and Above segment despite ontrade channel being largely closed (high salience) is a significant outperformance.
Renovation of core brands—McDowell’s No.1 and Royal Challenge Whisky—and reopening of on-trade channels could potentially accelerate top-line recovery and drive growth.
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