Alcoholic Beverages  Industry Context Turning Favourable, Recovery To Follow: Anand Rathi
A customer shops for alcoholic beverages at a store. (Photographer: David Paul Morris/Bloomberg)

Alcoholic Beverages Industry Context Turning Favourable, Recovery To Follow: Anand Rathi


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.

Anand Rathi Report

After the challenging operating environment of the last three to four years, the industry context for the alcoholic beverage sector is turning favourable, aided by supply-chain normalisation, stable to soft input costs and likely less irrational taxation.

We expect normal operations in FY22-23 and factor in a steep volume recovery.

This, and easier input costs, leverage benefits and debt reduction would drive healthy, 12-22%, earnings growth over FY20-23.

With the greater revenue assurance, we expect valuations to be buoyant.

Risks: Adverse regulatory change in key markets.

Click on the attachment to read the full report:

Anand Rathi Alcoholic_Beverages Sector Update.pdf


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