While the quarter is expected to be healthy if it pans out as envisaged, the estimate changes for FY26/27E would be modest.
(Various brands of liquor bottles kept on shelves for display. Photo Source: pxhere)
AlcoBev companies in Dolat Capital's universe (United Spirits/Radico Khaitan/United Breweries) are expected to report revenue /gross profit/Ebitda/adjusted profit after tax growth of 11.3/12.5/12.8/20.4% YoY. Growth will largely be driven by volumes (especially in IMFL), low-single digit price mix and modest gross margin expansion.