Liquor Stocks: Radico Khaitan, Allied Blenders, Tilaknagar, and More Rally Up To 7% On Premium Demand Outlook

Shares of liquor companies rallied in Friday’s session. Globus Spirits surged about 7%, while Radico Khaitan, Allied Blenders and Distillers, and Tilaknagar Industries gained nearly 6% each.

Meanwhile, United Spirits and United Breweries rose around 4%, outperforming the broader market.

Strong India Growth by Pernod Ricard

The rally followed strong quarterly results from Pernod Ricard, which reported solid growth in India.

• India sales grew 11% year-on-year in Q3.
• 9-month revenue increased 6% YoY.
• India performed better than key markets like the US and China.

The company said demand in India remains strong and expects better growth in the second half of the year.

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Premiumisation Driving Demand

Pernod Ricard highlighted that India’s spirits market is benefiting from premiumisation, meaning consumers are shifting to higher-priced and premium brands.

Strong growth was seen in imported and premium products, along with local brands. The company also launched a new spirits range, showing confidence in future demand.

Conclusion

Liquor stocks rose on optimism around premium demand and strong India growth from Pernod Ricard. 

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