United Spirits - Price Increases May Drive Consensus Earnings Upgrade: ICICI Securities
We believe the company under Hina's leadership is targeting double-digit revenue growth over medium term through portfolio reshape
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ICICI Securities Report
In our view, United Spirits Ltd.’s stock appears well poised to gain (in absolute terms) in the immediate near term from potential price hike benefits.
We believe United Spirits under Hina's leadership is targeting double-digit revenue growth over the medium term through portfolio reshape. The key pillar of portfolio re-shape includes-
strong growth on prestige and above,
new growth engines and
value chain efficiency extraction.
In our opinion, (select) part of the street getting concerned on no immediate (optical) benefit, is too myopic. We believe focused approach can accelerate the journey (much efficiently).
Inflationary raw material can potentially lead to some short-term pain (in terms of margins) with Unites Spirits looking to invest behind premium brands.
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