United Spirits shares jump 4% after JP Morgan upgrades to ‘Overweight'; target raised to Rs 1,760
United Spirits shares: JP Morgan upgraded the stock to 'Overweight' from 'Neutral' and increased its target price to ₹1,760, up from ₹1,415.
United Spirits shares: JP Morgan upgraded United Spirits due to increased confidence in the company's earnings growth outlook, supported by stronger margin visibility and favorable regulatory developments. The brokerage raised its EBITDA estimates by 3% for FY26 and 7% for FY27, highlighting an improved growth trajectory in the Prestige & Above segment.
Tired of too many ads?
Remove Ads
United Spirits Q4 earnings
Tired of too many ads?
Remove Ads
Shares of United Spirits rose nearly 4% to Rs 1,609.60 on the BSE in Tuesday's trade after global brokerage JP Morgan upgraded the stock to 'Overweight' from 'Neutral' and raised its target price to Rs 1,760 from Rs 1,415.The upgrade is driven by JP Morgan's growing confidence in United Spirits' earnings growth trajectory , backed by improved margin visibility and regulatory tailwinds. The brokerage has revised its EBITDA estimates upward by 3% for FY26 and 7% for FY27, citing a better growth outlook in the company's Prestige & Above portfolio.JP Morgan highlighted several favourable regulatory developments that could support United Spirits' performance. These include the reopening of the Andhra Pradesh market, expansion of retail outlets in Uttar Pradesh, excise reforms in Madhya Pradesh aimed at boosting premium product salience, and the ongoing privatization of retail liquor sales in Jharkhand.Despite the stock declining 7% year-to-date while the Nifty has gained 4%, the brokerage believes upward revisions in earnings per share (EPS) and improved visibility on growth could help the stock outperform in the coming quarters.United Spirits reported a 75% year-on-year rise in net profit to Rs 421 crore for the fourth quarter of FY25, up from Rs 241 crore in the same period last year. Revenue from operations rose 2% to Rs 6,634 crore, compared to Rs 6,511 crore a year ago. On a sequential basis, net profit increased 26% from Rs 335 crore in Q3FY25, though revenue fell 14% from Rs 7,732 crore.EBITDA for Q4FY25 stood at Rs 460 crore, up 38% year-on-year. For the full year, EBITDA rose 12% to Rs 2,243 crore.The company's net sales value (NSV) for Q4FY25 rose 9% year-on-year to Rs 3,031 crore, while full-year NSV increased 7% to Rs 12,069 crore. Underlying NSV for the quarter grew 10% to Rs 3,068 crore, and for FY25, it was up 7% at Rs 12,106 crore.Headquartered in Bengaluru, United Spirits (also known as Diageo India) operates one of the largest alcohol manufacturing footprints in India with 35 facilities. Its portfolio includes well-known brands such as Johnnie Walker, Black Dog, Black & White, VAT 69, Antiquity, Smirnoff, and Signature.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
an hour ago
- News18
Rs 1.2 Lakh Monthly Salary, Still Can't Buy a Home In India? Viral Post Sparks Debate
Akhilesh concluded the post with a powerful remark: 'The market is not broken. It's working exactly as designed—for someone else.' A recent post on social media platform X has reignited concerns over India's growing real estate affordability crisis. A techie named Akhilesh shared a striking anecdote about his friend in Gurugram who earns a hefty Rs 20 lakh per year, yet still finds himself priced out of the housing market. According to the post, Akhilesh's friend takes home around Rs 1.2 lakh per month after taxes and deductions. He lives modestly—no car, no kids, no extravagant lifestyle. Despite this, every residential project he visits in Gurugram starts at a staggering Rs 2.5 crore. These homes boast features like infinity pools, zen gardens, biometric lifts, and imported marble floors, making it clear that developers are targeting luxury buyers, not average professionals. The viral post struck a chord with many, especially young urban professionals. The core argument is simple: even those in the top 5% of India's income bracket can't comfortably buy a home in metro cities without compromising their financial security. Owning a house would mean living paycheck to paycheck, with no room for emergencies or even basic leisure. Akhilesh concluded the post with a powerful remark: 'The market is not broken. It's working exactly as designed—for someone else." The post captures a larger trend—how rapid urbanisation, speculative investments, and a push for ultra-luxury housing are making homeownership increasingly elusive, even for India's high earners. Anarock's Report Reveals Ultra-Luxury House In Demand Anarock's Annual Residential Report 2024 reveals that 59% of new housing projects in Delhi NCR, 18% in Hyderabad, and 12% in MMR were priced above Rs 2.5 crore, showing a rise in demand for premium homes among wealthy buyers and NRIs. NRIs, in particular, are playing a key role in this expansion, actively acquiring premium properties in major Indian metros as part of long-term wealth preservation strategies, noted a recent report by GRI Club. While the majority of new supply is focused on ultra-luxury homes, there is a noticeable shortage of homes in the upper mid-income and premium segments. Since the RERA law came into effect in 2017, there has been a significant increase in trust for developers who follow rules and deliver on time. This has led to a growing preference from NRIs for projects by such developers. About the Author Business Desk Location : New Delhi, India, India First Published: June 08, 2025, 08:20 IST News business Rs 1.2 Lakh Monthly Salary, Still Can't Buy a Home In India? Viral Post Sparks Debate
India.com
2 hours ago
- India.com
Mukesh Ambani reveals why he didn't take admission in..., donates Rs 151 crore to....
Mukesh Ambani reveals why he didn't take admission in…, donates Rs 151 crore to… New Delhi: One of the most richest men in the world Mukesh Ambani has recently donated a hopping whopping amount of Rs 151 crore to the prestigious Institute of Chemical Technology (ICT), making it the biggest donation in the history of the institute. Notably, the chairman of the country's most valuable company – Reliance Industries – studied at the institute. Earlier known as the University Department of Chemical Technology (UDCT), the ICT was established in the year 1933 by the University of Bombay. It was given the status of a deemed university in 2008 and subsequently renamed as ICT. Ambani announced the donation at the launch of Anita Patil's book 'The Divine Scientist'. The book is based on the life of Padma Vibhushan Professor Man Mohan Sharma. Many students consider him to be the greatest guru of Indian chemical engineering. While speaking about Guru Dakshina, the Reliance Chairman discussed several topics and announced a donation of Rs 151 crore to the institute at the behest of Sharma. 'When they tell us something, we just listen. They told me, 'Mukesh, you have to do something big for ICT', and I am happy to announce that it is for Professor Sharma,' Ambani said. Why Did You Not Go To IIT-Bombay Responding to the question, why did you not go to IIT-Bombay? Ambani stated, 'Visiting the UDCT campus always feels like visiting a sacred temple. Professor Sharma, I regard you as my most respected Guru, my guide and source of inspiration.' He recalled his fond memories of the institute and also praised Patil, saying, 'It is a very difficult task to write the life of a great man like Sharma.' I chose UDCT over IIT -Bombay.' Ambani stated that Sharma's inaugural lecture solidified his belief in Sharma's exceptional abilities. He described Sharma as a transformative figure, capable of converting curiosity into practical knowledge, then into profitable ventures, and finally into enduring wisdom. Ambani attributed major growth within India's chemical sector to Sharma bestowing upon him the title of 'Rashtra Guru' (national teacher).
Time of India
2 hours ago
- Time of India
Government approves shifting of Gurgaon's Kherki Daula toll plaza on Delhi-Jaipur NH to Pachgaon
NEW DELHI: The government has approved shifting of Gurgaon's Kherki Daula toll plaza on the Delhi-Jaipur National Highway (NH-48) to Pachgaon, a place beyond Manesar, paving the way for easy commute for lakhs of office goers. Tired of too many ads? go ad free now When the plaza is moved to Pachgaon, over 15 kilometres from Gurgaon, commuters travelling between Delhi and Manesar also won't have to pay toll. Locals have been demanding its removal since 2014. TOI has learnt that Union road transport and highways minister has approved the plan, and to ensure the new spot doesn't see any congestion, the National Highways Authority of India (NHAI) will go for Multi Lane Free Flow (MLFF) toll collection system. For the new facility, the Haryana government has provided nearly 28 acres of land to the highway authority, sources said. The process of shifting and starting the MMLF system to collect toll at Pachgaon may take around six months. 'Pachgaon is the ideal location as it falls beyond Gurgaon and Manesar. Since there is an interchange of the Western Peripheral Expressway and the NH-48 at Pachgaon, the new toll collection point couldn't have been beyond the intersection,' a source said. In the MMLF system, vehicles don't need to stop as overhead cameras installed for each lane will read the vehicle registration number and automatically deduct the charge from the FASTag wallet linked to the vehicle. Sources said a decision has also been taken to have an integrated system to ensure that traffic coming from the Dwarka Expressway side and heading towards Jaipur don't end up paying toll at this point once again as user fee. Tired of too many ads? go ad free now 'This is very much possible. Once the annual toll pass for private vehicles is rolled out most of the issues will be resolved automatically,' said a source. The shifting of the toll plaza will end conflicts between operators and people from areas adjoining Kherki Daula, and fulfil the promise the Haryana and central governments have been making for the past seven to eight years. Locals have been demanding that the NHAI shift the toll plaza citing that the govt has recovered more than the investment made in constructing the Delhi-Gurgaon Expressway by private players and the highway authority. In a written reply to a question in Lok Sabha in March, the road transport ministry said against Rs 2,489 crore incurred as cost for the NH-48's Delhi-Gurgaon stretch, the toll collection has been around Rs 2,775 crore, around 11% more than the investment. After completion of this 27-km Delhi-Gurgaon Expressway, commuters were paying user fees at Sirhaul (Delhi-Gurgaon border) and Kherki Daula toll plazas. Tolling was stopped at the Delhi-Gurgaon border in 2014, bringing relief to commuters travelling between Dhaula Kuan in Delhi and Kherki Daula. However, those going beyond this point paid toll for the entire stretch. At present, NHAI collects toll through its agency. Meanwhile, sources said the decision to shift the Kherki Daula toll plaza by the road transport ministry will create more pressure on the Delhi government and the Municipal Corporation of Delhi (MCD) to do away with physical entry fee collection booths on the capital's borders to prevent congestion. Traffic jams at these places defeat the purpose of huge investment in building highways and expressways for faster connectivity to Delhi.
