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For Liquor Companies, Home Delivery Alone Won’t Plug Covid-19 Hole
Why online sales are not enough for liquor companies.
26 May 2020, 06:02 PM IST
Stocks of Indian distillers have recovered some losses after the worst plunge in more than a decade as investors bet on reopening stores and home delivery of alcohol. Yet, that’s not enough as consumption, slowing even before the pandemic, may take longer to recover and revenue-starved states increase taxes on liquor.Shares of United Spirits Ltd., United Breweries (Holdings) Ltd., Radico Khaitan Ltd., and GM Breweries Ltd. have recou...
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