
India’s alcoholic beverages sector continues to evolve as premiumisation, wider distribution, and brand consolidation support steady growth.
Rising demand across IMFL categories and gradual recovery in on-trade channels have strengthened the performance of several listed companies in December 2025.
Below is an overview of the best liquor stocks for the month based on their 5-year CAGR.
| Name | Market Cap (₹ Cr) | 1Y Return (%) | ↓5Y CAGR (%) |
| Tilaknagar Industries Ltd | 11,395.81 | 13.87 | 88.35 |
| Som Distilleries and Breweries Ltd | 2,318.72 | 4.42 | 58.96 |
| Radico Khaitan Ltd | 43,658.65 | 36.74 | 47.67 |
| Associated Alcohols & Breweries Ltd | 1,826.27 | -6.68 | 26.17 |
| Globus Spirits Ltd | 2,998.53 | 13.42 | 25.10 |
| G M Breweries Ltd | 2,311.19 | 21.91 | 24.02 |
| United Spirits Ltd | 103,378.38 | -7.88 | 19.99 |
| United Breweries Ltd | 44,980.60 | -13.02 | 9.72 |
Note: Data reflects 5-year CAGR performance as of the December 4, 2025.
Tilaknagar Industries tops the list with a 5-year CAGR of 88.35%. The company has benefited from sustained demand for its premium IMFL portfolio and gradual easing of debt, which has strengthened its balance sheet position.
Key Metrics:
Som Distilleries continues to expand its regional footprint, supported by rising volumes in beer and IMFL categories. Its 5-year CAGR of 58.96% reflects consistent operational progress.
Key Metrics:
Radico Khaitan maintains a strong presence in the premium spirits segment, aided by new product launches and improving distribution efficiency. A 5-year CAGR of 47.67% highlights its steady market performance.
Key Metrics:
The company continues to see stable demand from contracted manufacturing and state-specific operations. While recent returns have been mixed, the long-term CAGR remains supportive at 26.17%.
Key Metrics:
Globus Spirits remains active in IMFL and ENA production, with volume gains aiding a 5-year CAGR of 25.10%. Expansion in certain regions has helped keep its growth trajectory moderate.
Key Metrics:
Net profit margin helps assess how effectively companies convert revenue into profit. Here’s how the sector’s key players compare.
| Name | Net Profit Margin (%) |
| G M Breweries Ltd | 18.85 |
| Tilaknagar Industries Ltd | 15.82 |
| United Spirits Ltd | 12.75 |
| Associated Alcohols & Breweries Ltd | 7.54 |
| Som Distilleries and Breweries Ltd | 7.22 |
| Radico Khaitan Ltd | 7.12 |
| United Breweries Ltd | 4.93 |
| Globus Spirits Ltd | 0.92 |
Note: Data above is as of December 4, 2025.
This metric indicates the degree of leverage used in operations, and how conservatively companies manage borrowed funds.
| Name | Debt to Equity |
| G M Breweries Ltd | 0 |
| Tilaknagar Industries Ltd | 0.05 |
| United Spirits Ltd | 0.06 |
| Associated Alcohols & Breweries Ltd | 0.20 |
| Som Distilleries and Breweries Ltd | 0.22 |
| Radico Khaitan Ltd | 0.27 |
| United Breweries Ltd | 0.14 |
| Globus Spirits Ltd | 0.53 |
Note: Data above is as of December 4, 2025.
India’s liquor sector continues to see structural progress, supported by premiumisation, capacity expansion and wider availability across states. The varied performances across the top players highlight differences in brand strength, regional presence and financial discipline.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Dec 4, 2025, 3:36 PM IST

Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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