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Takeaway alcohol users save the day for USL

Takeaway alcohol users save the day for USL
Takeaway alcohol users save the day for USL
At Thursday’s closing price of Rs 534.7, the stock traded at 38 times FY22 estimated earnings, which is cheaper than most consumer stocks. This may attract optimistic investors to India’s biggest spirits maker.

Synopsis

Sales at airport duty-free stores, fine-dining restaurants, bars and pubs are still a fraction of what they were before Covid-19 forced an unprecedented shutdown, impacting the operations at United Spirits (USL).

Mumbai: Mile-long queues before liquor stores were among the first striking visuals of urban India's phased unshackling through the blistering summer, but all that pent-up demand that spawned numerous memes on the true growth driver of a comatose economy wasn’t enough to fully restore the health of the country’s biggest spirits maker due to the lingering curbs on dining out.Sales at airport duty-free stores, fine-dining restaurants, bars and
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