Jefferies backs Indian liquor stocks; Radico Khaitan top pick with Rs 4,500 target
Jefferies favours Indian alcoholic beverage names, tagging Radico Khaitan its top pick (TP Rs 4,500) with a buy on Allied Blenders (Rs 780, 25% upside) and a hold on United Spirits (Rs 1,560, 13% upside). Premiumisation, young demographics and the UK-India FTA seen powering 30% earnings CAGR and 12% P&A volume growth.
Jefferies favors Indian liquor stocks, naming Radico Khaitan top pick (TP Rs 4500), buy on Allied Blenders (Rs 780), hold on United Spirits (Rs 1560). Premiumisation, young demographics, and UK-India FTA seen driving sustained volume and margin growth.