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All you need to know about GM Breweries

<ul><li>Shares of some of the top breweries and distilleries have witnessed strong uptrend in the last one year.</li><li>Analysts believe unlocking activity across the country will boost <keyword id="467119" type="General" weightage="20" keywordseo="beer-consumption" source="Orion">beer consumption</keyword>.</li><li>Although the pandemic restricted mobility, in-home consumption and premiumisation increased as per a top executive at a leading alcoholic beverages firm.</li></ul>Beer seems to be losing popularity among Indians since the pandemic hit the country early last year. On the other hand, sales of spirits have picked up ever since Indians had to stay at home. So, have people shifted to premium alcoholic beverages or is this just a temporary blip? It could well be a temporary phenomenon as bars in India have been mostly shut for the last 18 months. There are few reasons for this change. One is that beer is widely consumed outdoors like bars, pubs, parties etc. This also has to do with the not so common Indian family culture of hoarding beer at home. Bars have been shut for almost 18 months in the country. While that has hurt beer sales, companies covered for all of it and more with increased demand for whisky, vodka and rum. The combined June quarter revenue of the top five listed companies in this space jumped 72% year-on-year. As per Elara Securities, the <keyword id="1577673" type="General" weightage="20" keywordseo="spirits-segment" source="Orion">spirits segment</keyword> has outperformed beer due to reasonable product pricing in some states versus premium beer. Also, spirits don’t have any storage issues like refrigeration. Top 5 <keyword id="34531" type="General" weightage="20" keywordseo="liquor-companies" source="Orion">liquor companies</keyword> in terms of market cap <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Stock gains last one year </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Market Cap (as of 18 Aug 2021) </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Revenue (Apr 2020 to June 2021) </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Profit (Apr 2020 to June 2021) </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">United Spirits </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">22% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹52,652 cr </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹33,586 cr </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹360 cr </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">United Breweries </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">46% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹39,528 cr </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹12,894 cr </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹144 cr </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Radico Khaitan </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">123% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹12,078 cr </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹13,230 cr </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹338 cr </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Globus Spirits </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">496% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹2,730 cr </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹2,229 cr </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹196 cr </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">GM Breweries </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">41% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹1,055 cr </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹1,535 cr </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹91 cr </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table>Data source: BSE McDowell’s owner <keyword id="6355394" type="General" weightage="20" keywordseo="united-spirits" source="Orion">United Spirits</keyword>, Kingfisher maker <keyword id="81868" type="General" weightage="20" keywordseo="united-breweries" source="Orion">United Breweries</keyword>, Magic Moments vodka manufacturer <keyword id="61385" type="General" weightage="20" keywordseo="radico-khaitan" source="Orion">Radico Khaitan</keyword>, Country Club whisky seller <keyword id="163727" type="General" weightage="20" keywordseo="globus-spirits" source="Orion">Globus Spirits</keyword> and <keyword id="1068936" type="General" weightage="20" keywordseo="gm-breweries" source="Orion">GM Breweries</keyword>, which owns brandy brand Pioneer Doctor, are the top five liquor companies in India. United Spirits is the liquor giant in the country with the highest revenues and a $7 billion market capitalisation. “As the pandemic restricted mobility, in-home consumption and premiumisation increased – consumers discovered that drinking at home was safer and lighter on the wallet, leaving them with more to spend on better quality alcohol. Restricted overseas travel also resulted in a shift from duty-free to duty-paid purchases,” said Anand Kripalu, managing director and chief executive officer of United Spirits, in the company’s FY21 annual report. Spirit industry pick up while beer business slows down Analysts say that the beer industry has been affected due to lack of on-premise drinking since the pandemic. “Beer has also been severely affected due to work from home, which in turn has marred on-premise volumes,” said a report by Elara Securities. The report stated that the beer industry volumes have declined 30% in FY21 primarily due to COVID-19 lockdown in the months of April-July 2020. But hope floats ⁠— as infections fall and vaccinations rise ⁠— that bars will reopen again and beer will be back in demand. It helped these companies that some states including Delhi have announced home delivery of liquor due to COVID-19. However, even that has not helped beer sales because retailers like to push for high-margin hard liquor, said analysts at Elara Securities. Business has been so good for Radico Khaitan ⁠— which sells brands like Magic Moments, Jaisalmer Indian Craft Gin and 8 PM whisky⁠ — it has repaid most of its debt and the stock has more than doubled in the last one year. “Radico Khaitan is the leader in vodka in India – with over 45% volume and value market share – and an emerging competitor in <keyword id="6396190" type="General" weightage="20" keywordseo="whiskey" source="Orion">whiskey</keyword>, brandy, rum and gin. It has seen a steady improvement in cash generation and repaid most of its debt,” said a report by Goldman Sachs on August 10 while it initiated coverage on the company’s stock with a “buy” rating. The market value of Globus Spirits, the company behind Country Club and French Castle, has grown nearly 6 times in the last one year. Amarjeet Maurya, assistant vice president, mid caps at Angel Broking said the broking firm is positive on the company’s stock because of healthy revenue growth of nearly 61% and profit growth of close to 197% in June quarter. Going forward, he expects the company to report healthy income and profit on capacity expansion plan and newer product launches. <div type="image" title="liquor revenue chart" height="900" width="1200" msid="85469105" hostid="261"></div> “The outlook for Indian alcoholic beverages continues to remain positive due to favourable demographics, expanding middle class, rising disposable income levels, greater preference for premium food and drink experiences and greater acceptance of alcoholic beverages in social circles. Increased consumption of liquor in rural areas will be another major reason for the growth in the market,” United Spirits said in its FY21 annual report. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/oyo-is-looking-to-hire-over-300-engineers-in-the-next-6-months-to-clear-path-to-profitability/articleshow/85456655.cms">OYO is looking to hire over 300 engineers in the next 6 months to clear ‘path to profitability’</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/emcure-pharmaceuticals-to-raise-1100-crore-via-fresh-issue/articleshow/85453985.cms">Emcure Pharmaceuticals to raise ₹1,100 crore via fresh issue; Bain Capital to sell stake via IPO</a>

Indians drank less beer during the pandemic but liquor companies are still high on profits ⁠— here’s why

Both indices, <keyword id="19896381" type="General" weightage="20" keywordseo="Nifty" source="keywords">Nifty</keyword> and <keyword id="19896382" type="General" weightage="20" keywordseo="Sensex" source="keywords">Sensex</keyword>, opened the day in green. While Nifty was up by 0.13% at 24,351.30 points, Sensex was trading marginally above 80,000 points at 80,142.30 points, up by 0.23%, as of 10:20 am. All broad market indices opened in the green, with India VIX jumping up by 2.92%. As for sectoral indices, Nifty PSU Bank led by 1.11%, while <keyword id="19989715" type="General" weightage="20" keywordseo="IT" source="keywords">IT</keyword>, private bank and <keyword id="20051327" type="General" weightage="20" keywordseo="oil-and-gas" source="keywords">oil and gas</keyword> were trading in red. During early morning trade, <keyword id="19950117" type="General" weightage="20" keywordseo="Maruti" source="keywords" meta.keywordsubtype="org" meta.entityname="Maruti" meta.hostid="261" meta.entityid="Maruti">Maruti</keyword>, Larsen and Toubro, <keyword id="20051210" type="General" weightage="20" keywordseo="Adani-Ports" source="keywords" meta.keywordsubtype="org" meta.entityname="Adani Ports" meta.hostid="261" meta.entityid="Adani Ports">Adani Ports</keyword>, Titan, and Cipla saw marginal gains, while ONGC, Dr. Reddy, Ultratech cement, <keyword id="22163816" type="General" weightage="20" keywordseo="shri-ram-finance" source="keywords">Shri Ram Finance</keyword> and IndusInd bank were amongst the laggards. Sumit Pokharna, VP &amp; Fundamental Research, Kotak Securities anticipates Q1FY25 to be a weak quarter for most oil and gas companies, except for GAIL and PLNG. "ONGC’s EBITDA is likely to decline ~6% QoQ on lower net oil realization and also lower oil production. For oil marketing companies, EBITDA could decline ~35-43% on weaker gross refinery margins and also QoQ lower auto-fuel marketing margins. Further, with the full impact of Rs2/liter price cut in March and higher Brent prices, marketing margins on auto fuels were also weaker on a quarterly basis. However, GAIL and PLNG should benefit from higher gas consumption", he continued. As for corporate earnings, Delta and GM breweries are set to declare their Q1FY25 results today. As Aditya Gaggar, Director of Progressive Shares notes, "A zone of 51,900-52,000 will be considered a strong support area while 52,900 will serve as a critical hurdle. The railways and fertilizer counters have regained their momentum in yesterday's trade and some of the counters have already given a strong breakout with a considerable volume indicating an extension of their uptrend". "From the energy sector, we continue to remain bullish on ONGC and Reliance. With gains of over 1.60%, the FMCG sector has given a highest-ever closing which resulted in a fresh all-time high breakout but for confirmation, follow-up buying is a must. Selective buying was witnessed in the metal segment where HindCopper and Nalco have provided a firm breakout. Some stocks from mid and smallcap segments look strong namely, Kopran, Olectra Greentech, Sadhana Nitrochem, Sunteck Realty, and Ultramarine Pigments", he notes.

Stock market today: Sensex trading at 80k points, Maruti, Adani Ports take lead

Both the <keyword id="6484188" type="CITY" weightage="80" keywordseo="Sensex">Sensex</keyword> and the <keyword id="6354813" type="COMPANY" weightage="80" keywordseo="nifty">Nifty</keyword> inched up in afternoon deals on Wednesday even as traders remained fence sitters ahead of the futures and options expiry. The sentiment in Asia is flat. Meanwhile, here is a snapshot of how markets are trading around noon with a special focus on the futures and options space: 
 
MAJOR INDICES: 
 
NIFTY rose 16 points to 8,353. Infosys, HCL Tech and Hindalco were the top gainers. 
SENSEX gained 52 points to 27,512 levels. 
HANG SENG Index, in Hong Kong, rose 0.4 percent to 24,601 points 
China's SHANGHAI weighted Index rose 8 points to 3,681 points 
Japan NIKKEI Index down 0.1% to 20,302 points 
 
SECTORAL INDICES: 
 
BANK NIFTY rose 19 to 18,301 points. 
CNX IT Index jumped 113 at 11,439 points 
CNX FMCG Index down 181 at 19,972 points 
CNX Metal Index fell 6 to 2,098 points 
CNX Pharma Index lost 26 at 11,890 points 
CNX PSU Bank dropped 49 points to 3,163 levels. 
 
FUTURES AND OPTIONS 
 
MAJOR GAINERS 
Ceat Ltd. 
Arvind Mills 
Bosch 
 
MAJOR LOSERS 
Tata Comm 
Glenmark 
JP Associates 
 
TOP OI GAINERS 
M&amp;M Fin 
Shriram Transport 
Idea 
 
TOP TRADED FUTURES 
Reliance Industries 
HDFC Bank 
Tata Motors 
 
52-WEEK HIGHS 
Bajaj Finserv 
DCM Ltd. 
GM Breweries 
 
ADVANCE-DECLINE RATIO 
Nifty: 27/23 
Sensex: 16/14 
Futures: 71/87 
Broader Market: 1,493/931 
 
Image credit: Indiatimes

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All you need to know about GM Breweries

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