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Alcobev Virtual Conference hosted 8 companies: listed and unlisted players; Management commentaries highlight positive trends after the extreme phase of Covid-19
#UnitedSpirit #UNSP a stock worth accumulating.
Time for a thread 👇👇👇
@dmuthuk @Kiran24Rajput
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#UnitedSpirit #UNSP a stock worth accumulating.
Time for a thread 👇👇👇
@dmuthuk @Kiran24Rajput
(1/n)
United Spirit Management comments on the industry and the company.
Demand has returned to pre-Covid-19 levels. It is also benefiting from some tailwinds – duty-free shifting to duty-paid and shift from beer.
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Demand has returned to pre-Covid-19 levels. It is also benefiting from some tailwinds – duty-free shifting to duty-paid and shift from beer.
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On-premise footfalls are still lower at 25-30%, while on weekends footfalls are a bit better. Wedding impact is still there but not that visible as the rest of the top end is growing well. Overall demand, including off-premise, has improved much better than expectation.
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