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PRESTIGE AND ABOVE BRANDS
Quote of the day by iconic Donatella Versace: ‘Die and born again, die and born again. It's the…’ – Italian designer on reinvention and rising after every fallLife's inevitable setbacks, from career stumbles to personal loss, can feel like endings. However, fashion icon Donatella Versace's quote, ...- United Spirits set to cut 100 jobs to curb costs, streamline operationsUnited Spirits is cutting around 100 jobs in India as part of parent Diageo's global cost-saving drive. This significant workforce reductio...
- Will a strong brand play the role it is supposed to? 4 consumer electricals stocks with upside potential of up to 28%Many companies in this space have underperformed the broader market. The underperformance did not happen without reason. Margins were under...
- For investors with ability to understand and take risks: 6 small-caps from different sectors with upside potential of up to 26%The mood across global markets is not great at this point of time. News headlines point in directions we would rather they did not. But suc...
- Titan's big wager on the premiumisation boom now rests on watches priced above ₹25,000Titan is significantly increasing its focus on premium watches. The company anticipates that timepieces priced above Rs 25,000 will soon ac...
- Diageo India bets big on premium demandDemand for premium alcohol in India remains robust despite global challenges, says Diageo India's managing director Praveen Someshwar. Howe...
- Officer’s Choice whiskey maker targets premium spirits segment despite war-linked inflation worriesAllied Blenders and Distillers sees strong growth in premium spirits. The company prioritizes profitability over mass volumes. This strateg...
- Gold, housing plays take a hit as PM Modi's austerity pitch rattles consumer-facing stocksJewellery and real estate stocks experienced a sharp decline after Prime Minister Modi urged financial restraint, advising citizens to post...
- Liquor maker Radico Khaitan resumes Gulf shipments as tensions easeRadico Khaitan's exports to the Gulf are resuming after a halt due to regional conflict. Shipments stalled in March and April but are now g...
- India's premium liquor boom defies global slowdownIndia's demand for premium liquor is surging. This trend defies global patterns where consumers are buying less expensive options. Despite ...
- JM Financial initiates ‘Buy’ on this liquor stock. Check target, upside potentialIndian stock markets, including the Sensex and Nifty, experienced a significant downturn, erasing early gains and falling sharply. Initial ...
- Nomura says United Spirits is at the cusp of a developing upcycle; initiates with Buy rating. 3 reasons whyNomura has initiated coverage on United Spirits with a Buy rating, citing premiumisation tailwinds, easing regulatory environment and innov...
- United Spirits shares in focus after Q3 PAT declines 4% YoY, net sales grow 14%United Spirits share price: On a consolidated basis, the company’s net sales value (NSV) for the quarter stood at Rs 3,433 crore, marking a...
- TTK Prestige Rs 200 crore buyback: Last day to buy shares for eligibilityTTK Prestige announced its first-ever Rs 200 crore share buyback at Rs 1,200 per share, marking a 19% premium from its recent closing price...
- Diageo aims to be top consumer product company in India, expands play in premium segment"Our mission is to be the top CPG company in India delivering a sustained double-digit topline growth with mid to high teen margins and als...
- Radico Khaitan skids after Q3 profit falls 6% YoYThe company’s consolidated revenue from operations rose to Rs 3,306.67 crore during the quarter under review against Rs 3,037.90 crore in t...
- Diageo may let go of some USL brandsThe maker of Johnnie Walker whiskey, Smirnoff vodka and Captain Morgan rum has roped in investment bank Morgan Stanley to help streamline i...
- With Prestige retail assets, Blackstone to be largest mall operator in IndiaThe private equity major is eyeing opportunities in both metro and non-metro cities to support the next level of growth in retail portfolio.
- Ecommerce an opportunity for alcohol industry: Anand Kripalu, MD, United SpiritsThe maker of Johnnie Walker Scotch and Smirnoff Vodka said it is seeing a consumer demand revival now compared with slow sales in FY18, whi...
- USL posts net profit of Rs 19.92 crore; Sales increased 11%The maker of McDowell's No 1 and Royal Challenge whisky saw its volume sales increase 0.4% at 27.3 million cases in the April-June period.
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