Jefferies noted that Indian alcoholic beverage stocks have significantly outperformed the broader staples sector during FY23–FY26, delivering an earnings per share (EPS) CAGR of over 30%, compared with mid-to-high single-digit growth for staples.
Jefferies has issued a 'Buy' rating for Radico Khaitan and Allied Blenders, anticipating an upside of up to 25%. Indian alcoholic beverage stocks have shown significant outperformance, with over 30% EPS CAGR during FY23-FY26, compared to mid-to-high single-digit growth in the…
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