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FMCG & Alco Bev - 1QFY22 Results Preview Report - HDFC Securities
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FMCG & Alco Bev 4QFY21 Results Preview - HDFC Securities
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Alcobev sales may give States’ revenue a high too
March 15, 2021
During the pandemic, various S tates increased tax on the alcobev segment by imposing a Covid cess or rising the excise duty - The Hindu
During the pandemic, various S tates increased tax on the alcobev segment by imposing a Covid cess or rising the excise duty - The Hindu×
Sales of alcobev firms is looking up, thanks to Covid cess rollback, easing regulations
With the alcoholic beverage industry starting to recover, various State governments can expect higher excise duty collection to prop up their falling revenues.
Excise duty on alcohol is the third-largest source of States’ own tax revenues with an estimated contribution of between 12 per cent and 14 per cent. A RBI report (State Finances: A Study of Budgets) shows that during 2019-20, 29 States and the UTs of Delhi and Puducherry had budgeted a combined ₹1,75,501.42 crore from State excise on liquor. This was 16 per cent higher than the ₹
FMCG & Alco Bev - Q3FY21 Results Preview - HDFC Securities
Posted On: 2021-01-13 08:55:24 (Time Zone: Arizona, USA)
Mr. Varun Lohchab, Head Institutional Research, HDFC Securities & Mr. Naveen Trivedi, Institutional Research Analyst, HDFC Securities
Aggregate revenue/EBITDA to grow by 8/7%: Our FMCG coverage universe is expected to deliver growth of 8/7% YoY in revenue/ EBITDA (ex-GSK, 6/6%) in 3QFY21 (vs. 5/8% in 3QFY20 and 7/5% in 2QFY21). Recovery in demand continued across segments as easing of restrictions lifted sentiments. Discretionary categories like personal care, OOH, liquor, and tobacco, which were laggards in 1HFY21, saw healthy recovery. However, growth for categories like packaged foods, essentials and hygiene segments witnessed moderation, while growth in healthcare continued to remain healthy. Despite the reduced growth divergence within categories, the divergence between urban and rural recovery continued to remain significant. Rural demand was the key dri
Courtesy: Stranger and Sons
Synopsis
Stranger & Sons wants to be an aspirational Indian gin brand. In order to achieve that, it is limiting its potential consumer base to the top 2% of the population by income who can pay for expensive alcohol. But how sustainable is this strategy in a price-sensitive and whiskey-dominated market like India?
This New Year’s celebration was like none other. Confined to our homes, while missing the dressing up and the dance floor, the party mood, however, was still in full swing and the spirits were high. Thanks to a smaller guest list, fewer get-togethers across the year, and months of saved discretionary income, most consumers are now open to experiment with premium alcohol brands.“When we started, we weren’t looking to replace any gin brand in the
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