United Spirits - Outlook Improving; Prestige And Above Focus Continues To Yield Benefits: Motilal Oswal 
Bottles of United Spirits Ltd.’s Jura, left, and Dalmore Scotch whiskies are arranged for a photograph. (Photographer: Kuni Takahashi/Bloomberg)

United Spirits - Outlook Improving; Prestige And Above Focus Continues To Yield Benefits: Motilal Oswal 

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.

Motilal Oswal Report

We hosted the management of United Spirits Ltd. for a discussion on the near- and long-term prospects of the business. Here are the key takeaways:

Consumer sentiment continues to improve month on month. After 49% YoY volume decline in Q1 FY21, volumes had already recovered to flattish levels YoY by Q3 FY21. Thus, further sequential improvement is encouraging.

Innovation and renovation activity is also likely to pick up further. The management believes the ongoing prestige and above trend would only accelerate as high involvement categories such as alcohol would move toward premium products as they get more affordable for the population.

Click on the attachment to read the full report:

Motilal Oswal United Spirits Company Update.pdf

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