Consumer Discretionary Q4 Results Preview- Alco-Bev Offer Respite, Paints, QSR Numbers To Be Weak: Nirmal Bang

Nirmal Bang Report

While the overall consumer sentiment remains muted, we expect our consumer discretionary coverage universe to grow by 7.1% YoY in Q4 FY24, driven by AlcoBev companies (~9.4% YoY growth).

Ebitda of our consumer discretionary coverage universe is expected to increase by 15.6% YoY while adjusted profit after tax is expected to increase by 18.3% YoY. Excluding Alco-Bev companies, we expect Ebitda growth of ~8.2%.

We expect the Alco-Bev space to perform relatively better compared to other subsectors with United Breweries Ltd. (our top pick in the discretionary segment) leading the growth.

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