01 Oct 2026, 16:21 IST
United Spirits Limited
HDFC Securities · BUY · target INR 1,750/sh
The note states it expects ~4% net sales growth with flat P&A volumes, a ~30% popular segment volume decline, EBITDA margin of ~19.5% (down 170bps on a high base) and a ~5% fall in adjusted PAT.
From Alcobev Q2FY27 Results Preview HSIE, written by HDFC Securities. Orivam summarised it; the view is HDFC Securities's, not Orivam's.
Open the original PDF →Research PDFs are often removed by the firms that publish them. The summary above is kept so this page still means something if that happens.