Discover and read the best of Twitter Threads about #UNSP

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Diageo-Backed United Spirit May Sell Mass (popular) Brands
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#UnitedSpirits (#UNSP)

Time for thread πŸ‘‡πŸ»πŸ‘‡πŸ»πŸ‘‡πŸ»

@dmuthuk @Kiran24Rajput

(1/n)
UNSP, a unit of drinks major Diageo, has tasked investment bank Morgan Stanley to find potential buyers for select β€œpopular” mass-priced brands as it looks to take on French rival Pernord Ricard and adopt a premiumisation strategy

2/n
For the year ended 31 March 2020, UNSPs "prestige and above" segment represented 65% of its total net sales and 51% of total sales volume.

3/n
Read 8 tweets
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 πŸ‘‡πŸ‘‡πŸ‘‡

@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.
(2/n)
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.
(3/n)
Read 12 tweets

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