ICICI Direct has given Buy recommendation for United Spirits with a target price of Rs. 770 in its research report issued on Jul 26, 2021

ICICI Direct’s research report on United Spirits

United Spirits (USL) is India’s leading alcoholic beverage company and subsidiary of global leader Diageo plc. It manufactures, sells premium liquor brands such as Johnnie Walker, Black Dog, Black & White, Vat 69, Antiquity, Signature, Royal Challenge, McDowell’s No 1, Smirnoff and Captain Morgan.


Prestige and above segment forms 67% of its revenues It aims to grow its revenues in double digits and expects its operating margin to remain in mid to high-teen levels in the medium term


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