Beverages industry
33 companies · ₹4.1 L cr · 13 with AI deep dives
5y revenue CAGR
median 18.28%(p25 9.45% · p75 33.09%)
5y avg ROCE
median 11.05%(p25 2.14% · p75 18.68%)
Debt / equity
median 0.5x(p25 0.26x · p75 0.82x)
AI sector brief
from the bucket's latest earnings calls · as of 2026-03-31tailwindPremiumisation the dominant growth engine across spirits players7 managements
Every spirits management described the P&A tier growing significantly faster than base portfolios. RADICO P&A FY26 volumes +28.5%, with record Q4 EBITDA margin of 19%. ABDL P&A…
- RADICO (Q4FY26): “EBITDA margin during the quarter stood at 19%, expanding 565 basis points year-on-year…”
4 more themes from this quarter's earnings calls are locked. A free account opens the full brief: every theme with verbatim management quotes, the demand picture, companies running against the tide, and the regulatory & disruption watch. Sign up free →
| Company | Mcap | AI verdict | Signals | Stated KPIs (latest call) |
|---|---|---|---|---|
| Varun Beverages Ltd | ₹1.5 L cr | Unlock | latent operating leverageroce compounderearnings quality strong | |
| United Spirits Ltd | ₹1.1 L cr | Unlock | roce compounderroce compounder consumernet cash | |
| Radico Khaitan Ltd | ₹57,409 cr | Unlock | earnings quality strong | |
| United Breweries Ltd | ₹37,942 cr | Unlock | ||
| Allied Blenders & Distillers Ltd | ₹17,388 cr | Unlock | roce compounderroce compounder consumerearnings quality weakdeleveraging | |
| Tilaknagar Industries Ltd | ₹11,062 cr | Unlock | latent operating leverageearnings quality weakdeleveraging | |
| India Glycols Ltd | ₹7,654 cr | Unlock | earnings quality strong | |
| Piccadily Agro Industries Ltd | ₹7,289 cr | Unlock | latent operating leveragedeleveraging | |
| Globus Spirits Ltd | ₹2,567 cr | Unlock | earnings quality strong | |
| G M Breweries Ltd | ₹2,049 cr | Unlock | roce compounderearnings quality weak | |
| Associated Alcohols & Breweries Ltd | ₹1,525 cr | Unlock | net cash | |
| Som Distilleries & Breweries Ltd | ₹1,469 cr | Unlock | capex coming onlineearnings quality strong | |
| Sula Vineyards Ltd | ₹1,344 cr | Unlock | earnings quality strong | |
| BCL Industries Ltd | ₹1,020 cr | Unlock | latent operating leverageearnings quality strongdeleveraging | |
| IFB Agro Industries Ltd | ₹930 cr | Unlock | latent operating leverageearnings quality strongcapital destroyer | |
| Jagatjit Industries Ltd | ₹596 cr | Unlock | latent operating leveragelevering upcapital destroyer | |
| Monika Alcobev Ltd | ₹461 cr | Unlock | roce compounderearnings quality weak | |
| Fratelli Vineyards Ltd | ₹416 cr | Unlock | latent operating leveragedeleveraging | |
| Agribio Spirits Ltd | ₹348 cr | Unlock | latent operating leveragecapex coming online | |
| Suraj Industries Ltd | ₹278 cr | Unlock | latent operating leveragecapex coming onlinelevering up | |
| Cupid Breweries & Distilleries Ltd | ₹265 cr | Unlock | capex coming onlinenet cash | |
| Comfort Intech Ltd | ₹172 cr | Unlock | latent operating leveragecapital destroyer | |
| Shri Gang Industries & Allied Products Ltd | ₹142 cr | Unlock | earnings quality strong | |
| Valencia Nutrition Ltd | ₹86 cr | Unlock | capex coming onlineearnings quality weak | |
| Alcokraft Distillery Ltd | ₹77 cr | Unlock | earnings quality strong | |
| Kati Patang Lifestyle Ltd | ₹69 cr | Unlock | ||
| Tahmar Enterprises Ltd | ₹62 cr | Unlock | capex coming onlinecapex ahead of revenue | |
| Winsome Breweries Ltd | ₹55 cr | Unlock | ||
| Ravikumar Distilleries Ltd | ₹47 cr | Unlock | latent operating leveragelevering upcyclical peak base | |
| Orient Beverages Ltd | ₹40 cr | Unlock | earnings quality strong | |
| Silver Oak (India) Ltd | ₹28 cr | Unlock | levering up | |
| Ans Ltd | ₹10 cr | Unlock | ||
| Transglobe Foods Ltd | ₹7 cr | Unlock |