United Spirits share price: HDFC Securities recommends buy for a base case target of Rs 603 and a bull case target of Rs 647
United Spirits is the leader in the Indian spirits market, with 33% volume share. It has an established portfolio of 120 brands across the price spectrum, with 13 millionaire (million cases sold per annum) brands including 4 brands with over 10mn cases per annum in sales. McDowell’s No.1, Royal Challenge, Signature, Antiquity, Black Dog, Director’s Special Black, McDowell’s Rum, McDowell’s Brandy, Bagpiper, Old Tavern, Haywards are some of the marquee brands owned by the company
Diageo over the last decade has improved United Spirits’s governance, strategy and business model that led to boost in margins in tandem with market share: Image taken from DiageoIndia.com