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May 16, 2013
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14:38
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| United Spirits (Q4 FY13) |
| India Infoline Research Team/14:38,May 16,2013 |
| We downgrade the stock to Market Performer but retain 9-12 mth price target of Rs2,150. |
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Apr 04, 2013
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12:03
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| Vinod Kumar Banga, COO - Sales & Marketing, Jagatjit Industries Limited |
| Yash Ved/12:03,Apr 04,2013 |
| “We intend to sell 15 million cases in the FY 13-14 thereby achieving a growth of 13% over previous year.” |
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Mar 26, 2013
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15:14
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| United Spirits: Spirited performance |
| India Infoline Research Team/15:14,Mar 26,2013 |
| United Spirits (UNSP) has improved its market share in the Prestige and above category in the current fiscal as 9m FY13 volumes increased 18% yoy compared to 12% industry growth. |
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Mar 21, 2013
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15:54
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| Radico Khaitan: Premium servings |
| India Infoline Research Team/15:54,Mar 21,2013 |
| Premium brands are likely to double their share to 19.7% in next two years from just ~10% in FY10, led by ~17%/30% compounded increase over FY12-15 in the two brands. |
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Feb 11, 2013
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16:18
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| Radico Khaitan (Q3 FY13) |
| India Infoline Research Team/16:18,Feb 11,2013 |
| Radico Khaitan reported robust premium brands growth of ~20% yoy with Magic Moments and Morpheus brandy posting ~18% & 31% yoy rise in volumes respectively while overall volumes grew 6.5% yoy to 4.8mn cases |
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Nov 30, 2012
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10:32
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| Radico Khaitan - Call Closure |
| India Infoline Research Team/10:32,Nov 30,2012 |
| We advise investors to book profit in the stock. |
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Nov 16, 2012
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14:35
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| Tata Global Beverages Ltd - Call Closure |
| India Infoline Research Team/14:35,Nov 16,2012 |
| Tata Global Beverages Ltd - Call Closure |
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Nov 15, 2012
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15:36
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| United Spirits (Q2 FY13) |
| India Infoline Research Team/15:36,Nov 15,2012 |
| United Spirits (Q2 FY13) |
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Nov 08, 2012
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15:20
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| Radico Khaitan (Q2 FY13) |
| India Infoline Research Team/15:20,Nov 08,2012 |
| Radico Khaitan (Q2 FY13) |
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Mar 22, 2012
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16:18
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| Piruz Khambatta, CMD, Rasna Pvt Limited |
| Yash Ved/16:18,Mar 22,2012 |
| “We are targeting 40% sales growth for FY12-13.” |
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Mar 05, 2012
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11:55
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| Radico Khaitan: ‘Premium aspirations’ |
| India Infoline Research Team/11:55,Mar 05,2012 |
| We interacted with the management of Radico Khaitan to get a perspective on IMFL growth, especially the trajectory for premium brands. |
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Feb 08, 2012
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16:28
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| United Breweries (Q3 FY12) |
| India Infoline Research Team/16:28,Feb 08,2012 |
| UB reported a ~58% yoy rise in revenues but growth not comparable yoy as Q3 FY12 revenues include results of several merged entities notably Millenium Alcobev, Empee Breweries and Chennai Breweries; for 9M FY12, UBL posted 6% vol growth vs industry growth of 1.5% |
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Nov 11, 2011
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12:53
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| Radico Khaitan (Q2 FY12) |
| India Infoline Research Team/12:53,Nov 11,2011 |
| Radico reported healthy ~20% yoy revenue growth driven by higher realizations and volume growth |
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Nov 08, 2011
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15:00
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| United Spirits: Q2 FY12 |
| India Infoline Research Team/15:00,Nov 08,2011 |
| Reported PAT up 98% yoy buoyed by Rs394mn in FX gain and Rs657mn in write back of levy on ENA in previous fiscal years imposed by Maharashtra govt; standalone interest cost jumped 26% yoy due to increased cost of funds and higher borrowings for working capital and capex |
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Nov 03, 2011
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16:15
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| United Breweries (Q2 FY12) |
| India Infoline Research Team/16:15,Nov 03,2011 |
| On a like-to-like basis, UB Q2 revenues revs up ~21% yoy supported by 13% higher realization/case |
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Aug 10, 2011
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17:43
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| United Breweries: Call Closure |
| India Infoline Research Team/17:43,Aug 10,2011 |
| We had recommended a SELL on United Breweries in our report – Conviction Sell Ideas, dated 11th July, 2011 with a target price of Rs443. |
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14:06
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| United Breweries (Q1 FY12) |
| India Infoline Research Team/14:06,Aug 10,2011 |
| Upgrade to Market Performer but retain our 9-mth TP of Rs443. |
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Aug 04, 2011
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17:14
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| United Spirits (Q1 FY12) |
| India Infoline Research Team/17:14,Aug 04,2011 |
| UNSP reported Q1 volume growth of 15.4% yoy to 30.7mn cases (+6.7% qoq) albeit on a weak base (Q1 FY11 vols up just 6% yoy) |
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Aug 03, 2011
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09:39
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| Radico Khaitan (Q1 FY12) |
| India Infoline Research Team/09:39,Aug 03,2011 |
| Strong 14% yoy mainline brand growth with premium brands growing even faster at ~22% yoy. |
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Jun 29, 2011
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12:45
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| United Breweries: ‘Too much froth’ |
| India Infoline Research Team/12:45,Jun 29,2011 |
| Await better entry point; initiate with SELL |
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