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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The country’s largest liquor company just announced solid Q3 numbers. It has a product portfolio its peers envy. Its advertising budget is the largest. Yet, it’s the worst performing liquor stock.
Investors should have been pleased with United Spirits’ third-quarter results, released earlier this week.
Both revenue and net profit beat estimates, with the top line hitting a new quarterly high of Rs 3,694 crore, a rise of 7.6% from the year-ago period. The net profit was Rs 529 crore, up 11.8% year-on-year. By any yardstick, these are solid numbers in a market where companies are increasingly finding it challenging to get consumers to enjoy a drink or two. Yet, investors appear disappointed.
USL’s stock opened 3% lower on Wednesday morning and trailed the larger market through the day even as …
With a top-10 whisky in its fold, Amit Dahanukar’s Tilaknagar finally gets to sell India’s tipple of choice. But the acquisition is much bigger than the brandy maker, and integrating it will not be easy.
Led by MD and CEO Hina Nagarajan, its whisky brands have outpaced many of French rival Pernod Ricard’s for the first time in several years.
The maker of Officer’s Choice whisky may have lost ground to peers but Chhabria is hoping new leadership and a course correction will sway investors.
