Top Indian Liquor Stocks to Invest in for 2024

Eivod Desk
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Top Liquor Stocks in India
Top Liquor Stocks in India

Here's a breakdown of the top performing liquor companies in India along with key considerations for investing:


Companies

CompanyFoundedMarket Cap (Cr.)CMPBrands
United Breweries Ltd. (UBL)185729,5791,404Kingfisher, Heineken, Kalyani Black Label
United Spirits Ltd. (USL)185858,925881McDowell's, Black Dog, Royal Challenge, Captain Morgan
Associated Alcohols & Breweries Ltd. (AABL)19953,965834Sterling Reserve Whisky, Haywards 5000 Rum
Radico Khaitan Ltd. (RKL)194316,792829Magic Moments, 8PM Whisky, Old Monk Rum
Piccadilly Agro Industries Ltd. (PAI)19921,227587Imperial Gold Whisky, Blue Diamond Vodka
Khoday India Ltd. (KIL)1985599456Maharaja Whisky, London Pride Gin
Northern Spirits Ltd. (NSL)1978829445Black Stone Whisky, Mansion House XO Brandy
Tilaknagar Industries Ltd. (TIL)19218,152407Mansion House, Chelsea Vodka, London Club Gin
G M Breweries Ltd. (GMB)19831,255396White Owl Craft Beer, Be:One Premium Lager
Piccadilly Sugar Mills Ltd. (PSM)1941571382Maharaja Whisky, Blue Diamond Vodka
Som Distilleries & Breweries Ltd. (SDBL)19823,972372Imperial Blue Scotch, Goa Gold Whisky, Blue Moon Rum
Jagatjit Industries Ltd. (JIL)19601,736330Royal Oak Whisky, Monarch Rum
Globus Spirits Ltd. (GSL)19894,952301Hercules Rum, London Club Gin, XXX Rum
Ravi Kumar Distilleries Pvt. Ltd. (RKDL)198055.0623.35Celebration Rum, Black & White Whisky

*Current Share Price as of 8th Jan 2024

Established Leaders:

United Spirits Ltd. (USL): The undisputed king of spirits, with iconic brands like McDowell's and Black Dog. Offers stability and solid growth, but less room for explosive gains.

United Breweries Ltd. (UBL): The "Kingfisher" of beers, dominating the market with strong regional presence. Look for steady growth in the beer segment.

Premium Spirits & Niche Players


Radico Khaitan Ltd. (RKL): The master of premium spirits, known for Magic Moments and Old Monk Rum. Offers high growth potential in the premium segment.

Tilaknagar Industries Ltd. (TIL): Strong regional player in South India, with Mansion House and Chelsea Vodka. High growth potential in expanding regional markets.

Som Distilleries & Breweries Ltd. (SDBL): Quality-focused player with Imperial Blue Scotch and Goa Gold Whisky. Look for steady growth in regional markets with premium offerings.

G M Breweries Ltd. (GMB): Craft beer and niche spirits specialist, popular for White Owl beers and Be:One Lager. Growth potential in the rapidly growing craft beer segment.

Regional Powerhouses

Associated Alcohols & Breweries Ltd. (AABL): Diverse portfolio across multiple states, with Sterling Reserve Whisky and Haywards 5000 Rum. Offers potential for expansion in new markets.

Jagatjit Industries Ltd. (JIL): North India stronghold with Royal Oak Whisky and Monarch Rum. Look for growth in their established regional market.

Piccadilly Agro Industries Ltd. (PAI): Affordable IMFL specialist in North India, known for Imperial Gold Whisky and Blue Diamond Vodka. Offers high growth potential in price-sensitive markets.

Northern Spirits Ltd. (NSL): Punjab leader with Black Stone Whisky and Mansion House XO Brandy. Look for continued dominance in their regional market.

Khoday India Ltd. (KIL): Rajasthan's strong player with Maharaja Whisky and London Pride Gin. High growth potential in expanding regional market.

Growth Aspirants

Ravi Kumar Distilleries Pvt. Ltd. (RKDL): Growing regional player with Celebration Rum and Black & White Whisky. Offers high growth potential but with higher risk due to being private.

Piccadilly Sugar Mills Ltd. (PSM): Diversified into liquor with Maharaja Whisky and Blue Diamond Vodka. Look for synergy between sugar and liquor businesses.

Globus Spirits Ltd. (GSL): Strong presence in South India and rural markets with Hercules Rum and London Club Gin. Offers high growth potential in untapped markets.


Key Considerations

  • Market leadership: USL and UBL have dominant market shares, offering stability but potentially lower growth. Smaller companies might offer higher growth potential.
  • Brand portfolio: Look for companies with strong brand recognition across various segments (IMFL, country liquor, beer) or unique niche brands.
  • Regional focus: Understand the company's geographic reach and potential for expansion in growing markets.
  • Financial performance: Analyze financials like revenue growth, profitability, and debt levels to assess financial health.
  • Valuation: Compare market capitalization and share price to historical data and industry benchmarks to ensure fair valuation.


Investing in the Indian liquor industry involves risks

  • Regulatory changes: Government policies like price hikes or license restrictions can impact demand and profitability.
  • Social factors: Public sentiment towards alcohol consumption can affect sales.
  • Economic slowdown: Reduced disposable income can affect demand for liquor.


Remember, careful research and analysis are crucial before making any investment decisions. Consider consulting a financial advisor for personalized advice based on your risk tolerance and investment goals.

This information should provide a good starting point for your research into Indian liquor stocks. Remember to do your own due diligence before making any investment decisions.

DISCLAIMER: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. Though this is just for informational purposes, We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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