Buy United Spirits, target price Rs 870: Axis Securities

Axis Securities has buy call on United Spirits with a target price of Rs 870. The current market price of United Spirits Ltd. is Rs 800.55. Time period given by analyst is 4 weeks when United Spirits Ltd. price can reach defined target.

United Spirits Ltd., incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 58247.36 Crore) operating in Beverages - Alcoholic sector.

United Spirits Ltd. key Products/Revenue Segments include Beverages (Alcohol), Income From Franchise, Scrap and Other Operating Revenue for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 2559.50 Crore, down -13.16 % from last quarter Total Income of Rs 2947.50 Crore and up 14.52 % from last year same quarter Total Income of Rs 2235.00 Crore. Company reported net profit after tax of Rs 178.60 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 56.73 per cent stake in the company as of 31-Mar-2022, while FIIs owned 17.73 per cent, DIIs 10.41 per cent.