India's alcohol industry set for margin, rev growth in FY25, ICRA says

Som Distilleries and Breweries

19/03/2024 08:36

** India's alcoholic beverages industry is set for margin
improvement, revenue growth in FY2025, ICRA says
    ** Projects rev growth of 8-10% for domestic alcohol cos,
11-13% growth for Indian made foreign liquor cos on customer
preference for premium products
    ** ICRA expects beer to witness good season in Q1 
anticipating a hot summer
    ** Says margin growth to be driven by moderation in input
costs and packaging materials such as glass bottles 
    ** Shares of United Spirits  UNSP.NS  fall 1.5%, United
Breweries  UBBW.NS  down 3.1% and  Tilaknagar Industries
 TILK.NS  down 0.4%, while those of Radico Khaitan  RADC.NS 
rise 2.6%, G M Breweries up 0.5% and Som Distilleries  SDB.NS 
edge 0.1% higher
    


 (Reporting by Sethuraman NR)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))