Latest news with #UnitedSpirits
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Business Standard
4 hours ago
- Business
- Business Standard
ITC, Radico Khaitan, VST: How to trade sin stocks amid GST reforms?
Technical charts show that alcohol and tobacco-related stocks such as ITC, VST Industries and United Spirits seem to be unfavourably placed, and could fall up to 18 per cent from here. Rex Cano Mumbai Listen to This Article Shares of alcohol beverages, and tobacco products are in focus amid talks of likely higher taxes on these products. According to reports, the finance ministry has proposed a 40 per cent 'sin tax' on alcohol and tobacco related products. The government is planning a major overhaul of the Goods and Services Tax (GST) structure, wherein a majority of the daily-use products could be shifted to lower GST slabs. Prime Minister Narendra Modi in his Independence Day speech suggested that the 'next-generation' GST reforms may be announced as a Diwali gift to the common man. So while broader
Mint
a day ago
- Business
- Mint
Stocks to buy for short term: From HAL to UBL— Jigar Patel of Anand Rathi recommends 3 shares
Stocks to buy for the short term: Snapping their six-week losing streak, the Indian stock market benchmark Nifty 50 ended over a per cent higher last week, ending August 14. The index is expected to extend the gains, buoyed by favourable global signals. US President Donald Trump has indicated he may rethink secondary tariffs on India. There are also expectations that the Russia-Ukraine war could be near its end. According to Jigar S. Patel, Senior Manager of Equity Research at Anand Rathi Share and Stock Brokers, sustained upside momentum will require a decisive move above 24,700, which could set the stage for a relief rally towards the 24,800–25,000 zone. Conversely, a decline below 24,350 could lead to a retest of the 24,200–23,800 area, where both the 200-day EMA and SMA converge. "This confluence of supports, along with emerging positive RSI divergence on intraday charts and the RSI nearing its daily support zone, suggests the possibility of the correction's final phase. Until confirmation of a breakout, traders are advised to maintain a light position and refrain from aggressive commitments," said Patel. Jigar Patel recommends buying shares of HAL, UBL, and United Spirits for the next two to three weeks. HAL is showing promising technical signals, with a bullish divergence forming on the daily RSI near the 38.2 per cent Fibonacci retracement level. This critical zone also aligns with the S3 Camarilla monthly pivot and the 200-day exponential moving average (DEMA), enhancing its significance as a strong support area. The confluence of these technical factors indicates potential for an upward reversal. "Traders are advised to initiate long positions in the ₹ 4,575– ₹ 4,500 range, aiming for a target of ₹ 5,000. To safeguard against downside risk, a stop loss should be maintained below ₹ 4,300 on a daily closing basis. The current technical setup suggests that HAL could witness renewed buying interest if it sustains above this support cluster," said Patel. HaL technical chart UBL has witnessed a steep 17 per cent decline from its April 2025 peak, currently trading just above ₹ 1,900. The fall, however, has been marked by unusual volume patterns. On 28 July 2025, a large bearish candle formed on very low volumes, while on 29 July 2025, higher volumes accompanied a small candle body, hinting at indecision. The 30 July 2025 session saw another big red candle but with comparatively lower volumes, indicating a lack of aggressive selling. Since then, UBL's price action has shown consistent wick formations in the ₹ 1,890– ₹ 1,920 range, suggesting possible exhaustion of selling pressure. This zone also coincides with the S3 Camarilla monthly pivot and the 400-day EMA, reinforcing it as a key support area. "Technically, this sets up a potential buying opportunity between ₹ 1,930 and ₹ 1,900, targeting ₹ 2,120, with a recommended stop-loss at ₹ 1,815 on a daily closing basis," said Patel. UBL technical chart United Spirits has undergone a sharp 21 per cent correction from its recent peak and is currently trading just above the ₹ 1,300 mark. Despite sustained selling pressure since early July 2025, the decline was not accompanied by significant volumes — a notable technical observation. The most striking anomaly occurred on 25 July 2025, when a large bearish candle formed on very low volumes, hinting at a potential exhaustion of selling momentum. Since then, United Spirits stock has consistently held the ₹ 1,280– ₹ 1,300 support zone, which coincides with a key historical demand area and the S1 quarterly floor pivot. Furthermore, the daily RSI has exhibited bullish divergence, indicating the possibility of an impending reversal. "Given these technical factors, a buying opportunity emerges in the ₹ 1,320– ₹ 1,300 range, with an upside target of ₹ 1,455. Traders should maintain a stop-loss at ₹ 1,230 on a daily closing basis to manage risk effectively," said Patel. United Spirits technical chart Read all market-related news here Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.
Time of India
5 days ago
- Business
- Time of India
Alcohol segment resilient unlike other FMCG categories which are more price sensitive: Diageo India MD
Alcohol demand in India remains resilient despite steep excise duty hikes, Diageo India 's managing director said, underlining strong consumer spending even as other fast-moving consumer goods (FMCG) face demand pressure due to price sensitivity. Independence Day 2025 Before Trump, British used tariffs to kill Indian textile Bank of Azad Hind: When Netaji gave India its own currency Swadeshi 2.0: India is no longer just a market, it's a maker Speaking to investors on Thursday, Someshwar said consumer spending on alcoholic beverages in Maharashtra recorded strong double-digit growth, even after the state raised excise duties by nearly 50% last month. 'Early indicators suggest consumer spend is seeing mid-teen growth,' Someshwar said. 'However, we need to get to 30%–35% growth in consumer spending to be revenue-neutral. What gives me comfort is that there is strong double-digit growth, although we still have a long way to bridge.' Maharashtra have sharply raised excise duties on Indian-made foreign liquor (IMFL) by over 50%, a move that substantially pushed up retail prices for consumers. Duties on country liquor and imported premium spirits were also raised, while the excise duty on beer and wine remains unchanged. India's second-most populous state is one of the country's largest markets for alcoholic beverages. Someshwar added that Maharashtra continues to contribute a double-digit share to Diageo India's overall sales, and the company has implemented a 30%–35% price increase in the state following the duty hike. Sales of spirits, including whiskey, rum, brandy and vodka, have slowed in recent months across several states due to distribution changes, increased taxation and pressure on discretionary spending, with many consumers cutting back on alcohol consumption. United Spirits , the Indian subsidiary of global liquor giant Diageo Plc, reported a 9.4% rise in net sales value (NSV) for the quarter ended June, driven largely by strong performance in its premium portfolio. Prestige and above (P&A) brands accounted for 88.3 percent of total volumes during the period, the company said in its earnings statement. "We genuinely believe there are early signs of recovery, and things can improve further in rural markets,' added Someshwar during the post-earnings call on Thursday. 'Monsoons were pretty healthy and will help, and it's already showing up across other FMCG businesses.' As per the India-UK free trade agreement (FTA) announced last month, tariffs on UK-made whisky and gin will be halved to 75% initially, eventually dropping to 40% over a ten-year period. The company behind Royal Challenge, McDowell's No. 1, and Smirnoff, said the impact of the tariff reduction would likely begin to reflect in the April–June quarter of the next fiscal year as there is a long pipeline of imported products already in transit or in stock, so the effect will be visible with a lag. India is one of the world's largest markets for whisky, though high import duties have historically limited access to premium international brands.
Business Standard
5 days ago
- Business
- Business Standard
United Spirits consolidated net profit declines 14.02% in the June 2025 quarter
Sales rise 9.42% to Rs 3021.00 crore Net profit of United Spirits declined 14.02% to Rs 417.00 crore in the quarter ended June 2025 as against Rs 485.00 crore during the previous quarter ended June 2024. Sales rose 9.42% to Rs 3021.00 crore in the quarter ended June 2025 as against Rs 2761.00 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 3021.002761.00 9 OPM % 21.1225.79 - PBDT 661.00725.00 -9 PBT 585.00653.00 -10 NP 417.00485.00 -14
Economic Times
5 days ago
- Business
- Economic Times
United Spirits shares in focus after Q1 profit drops 14% despite revenue growth
Shares of United Spirits are set to be in focus on Thursday after the Diageo-controlled liquor maker posted a 14% decline in consolidated net profit to Rs 417 crore for the June quarter of FY26, even as revenues inched higher on steady growth in its core beverage alcohol and sports businesses. ADVERTISEMENT United Spirits Ltd (USL) reported on Wednesday that its net profit for the quarter ended June 30 fell from Rs 485 crore a year earlier to Rs 417 crore, according to a regulatory filing. Revenue from operations rose marginally to Rs 6,295 crore, up from Rs 6,238 crore in the corresponding period last fiscal, while total expenses increased 2.79% to Rs 5,776 crore. The company said its June quarter EBITDA was Rs 644 crore, down 9.7%, largely due to a one-off indirect tax item impact and relatively higher A&P in the standalone business. Income from USL's beverage alcohol segment climbed 8.37% to Rs 2,549 crore. Its sports subsidiary, Royal Challengers Sports Private Ltd (RCSPL), which owns the RCB teams in the IPL and WPL, posted a 15.73% rise in revenue to Rs 478 net sales value grew 9.4% to Rs 3,021 crore, driven by the 8.4% growth in the standalone business and 15.7% reported growth of the sports business housed in the 100% subsidiary RCSPL, the company said. ADVERTISEMENT The Prestige & Above segment contributed 88.3% of net sales in the quarter, while the Popular segment, accounting for 9.8% of net sales, grew 13.6%. Total income was Rs 6,367 crore, up 1.5% year-on-year. Unlock 500+ Stock Recos on App 'We delivered a resilient quarter with the Prestige & Above portfolio sustaining its growth momentum, while cycling a high prior year base. The quarter also marked the completion of the Nao Spirits acquisition,' said Managing Director and CEO Praveen Someshwar. ADVERTISEMENT USL, which owns brands such as McDowell's, Royal Challenge, Signature, Johnnie Walker and Black Dog, saw its shares close at Rs 1,306.80 on the BSE on Wednesday, up 0.71%. The stock has fallen 21% so far in 2025 and is down 3.6% over the past month. Also read | Nykaa shares rally 5% as brokerages turn more bullish post Q1 results. Should you buy, sell or hold? ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
