62 PE for 0-10% growth is quite expensive. Isn’t it?
Focus needs to be on higher margin at lower topline because they have exited all low margin franchisees and cleaned up the balance sheet. Earnings growth will justify the valuation
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United Spirits Limited Q3 FY’24 Earnings Conference Call January 24, 2024
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Prestige & Above segment clocked a double-digit growth of 10% year-on-year and overall net sales value growth of 7.5% year-on-year
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The renovated bundle of Antiquity Blue is performing well in the launched markets
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The steady strong performance of Signature and Royal Challenge American Pride
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Royal Challenge American Pride continues to be our fastest-growing innovation. We have expanded the brand to 3 new markets: Himachal, Arunachal and Uttaranchal
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In Assam, we have launched McDowell’s No. 1 premium smooth variant, which is at a premium to the core McDowell’s No. 1 Luxury in the state
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It is not just growth but growth+longevity of growth which matters.
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Hello Folks,
Interesting thread, I would like to ask about the topline growth?
i am asking because there is actually Degrowth in volume terms but due to premiumization top line in value terms is barely up in Single Teens.
secondly, about segmental information, they had actually identified another segment as Sports, which is due to IPL and other sponserships.
so, if anyone had any thoughts about volume and topline growth prospects please explain the same.
Attaching a screenshot about segmental information.
