United Spirits - Festive- & AP-Led Volume Surge; in Line Margin
United Spirits (UNSP) reported revenue growth of 15% YoY (est. 13%) in 3QFY25, along with total volume growth of 10% (est. 8%).
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Consumer (Q2FY25 Results Preview): One more soft quarter but outlook is improving
We expect our consumer coverage to report revenue growth in mid-single-digits (6% yoy), driven by volume growth. At an aggregate level, we expect...
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United Spirits (Q1FY25 Results Review): Decent Operating Performance. Maintain ADD
UNSP’s 1QFY25 print was above our estimates; as mid-single-digit volume growth in the P&A surprised us positively despite elections-related...
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United Spirits (4QFY24): Moderating Growth Outlook. Maintain ADD
UNSP 4QFY24 print was broadly in line with our estimates, however, volume growth in the regular segment surprised us positively
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FMCG, Alco Bev & QSR (Q4FY24 Results Preview): Challenging demand environment
Demand environment continues to remain challenging: FMCG demand sentiment has stayed consistent during the quarter, largely mirroring trends seen...
327 Views