NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Anand Rathi Report
We remain upbeat after our interaction with United Breweries Ltd.'s management. We continue to see steady demand growth for United Breweries as it recoups margins partially to low teens over the next two-three years.
We believe the new management's consumer-centricity, growth and capacity focus would yield steady revenue growth and margin gains. We believe major concerns regarding volume decline, market-share loss and weaker margins are largely behind and, ahead, the company should see steady volumes/earnings.
We maintain our Buy on the stock, with a higher 12-month Rs 2,350 target price, 75 times FY26e. The stock quotes at 87 times/67 times FY25e/26e earnings per share.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
