Goldman Sachs has initiated a ‘Buy’ rating on United Spirits Limited (USL), setting a target price of ₹1,650, indicating a potential 14% upside from the current market price (CMP) of ₹1,446.75. Key insights from Goldman Sachs’s report include:
- Premiumisation Trend: India’s spirit market is experiencing a shift towards premium products, positioning USL well to capitalize on this trend.
- India-UK Trade Deal: A potential trade agreement between India and the UK could reduce import tariffs on Scotch, which would further boost growth in this category.
- Market Dynamics: While there is a near-term consumption slowdown in India impacting USL, growth in Andhra Pradesh is expected to help offset this effect.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.
