Alcohol stocks are creating a buzz. Let’s Explore >>
Dalal Street bulls are already in a celebratory mood, and alcoholic beverage maker stocks have added to their high spirits.
India, the third-largest alcohol market globally, following China and the US has seen remarkable and significant growth.
Som Distilleries & Breweries leads with a remarkable 108% return since April, while Tilaknagar Industries, a brandy and whiskey maker, impressed with 91% returns.
United Spirits follows closely with a strong 34% return. After a tough FY23, alcohol producers are recovering, thanks to reduced raw material costs.
Premiumisation drives growth in the premium and above (P&A) segment, offering long-term opportunities for liquor firms.
The Indian whiskey market eyes $22B by 2025. In the near future, prospects are bright with the festive season and ICC World Cup on the horizon.