Top Liquor Stocks in India to Buy 2024

The alcohol Market in India is rapidly growing and is currently the third-largest market for alcoholic beverages in the world. According to the Indian Council for Research on International Economic Relations (ICRIER), the Industry's market size was estimated to be 52.5 billion USD in 2020, which is expected to grow at a CAGR of 6.8% until 2023, thanks to various factors such as urbanization, rising disposable Income, and changing consumer preferences.

However, the COVID-19 pandemic caused major disruptions in production, distribution, and sales, but the industry witnessed a surge in demand for alcohol after the initial lockdowns were lifted. This blog lists down top alchohol stocks in India along with government policies and regulations, market trends, and consumer behavior.

Top Performing Liquor Companies in India

United Spirits

It is a prominent player in the Indian liquor market, with a market cap of 57,246.15 crore rupees as of May, 2023. Its share price currently stands at 793.85 rupees, with a 52-week high of 951.95 rupees and a low of 712.30 rupees. The company boasts a wide Range of popular liquor brands and has been steadily growing in recent years. The high market cap and consistent stock performance reflect investor confidence in United Spirits and its ability to deliver strong returns. With its established presence in the Indian market and growing global footprint, United Spirits is a key player to watch in the coming years.

United Breweries

United Breweries is one of the leading player in the Indian beer market, with a market cap of 36,908.31 crore rupees as of 8th May, 2023. Its share price is currently valued at 1,429.05 rupees, with a 52-week high of 1,805.00 rupees and a low of 1,354.35 rupees. The company owns a Portfolio of popular beer brands and has a strong distribution network across India. Despite facing challenges due to the COVID-19 pandemic, the company has shown resilience in adapting to changing market conditions. The consistent stock performance and high market cap reflect investor confidence in United Breweries' ability to deliver strong returns and maintain its leading position in the Indian beer market.

Radico Khaitan

Radico Khaitan is a prominent player in the Indian spirits industry with a market cap of 14,838.46 crore rupees as of 8th May, 2023. Its current share price is 1,119.55 rupees with a 52-week high of 1,229.90 rupees and a low of 731.35 rupees. The company owns a diverse portfolio of brands including Magic Moments, 8 PM, and Rampur Whisky, and has a significant presence in the premium spirits segment. Despite the challenges posed by the COVID-19 pandemic, Radico Khaitan has demonstrated resilience and adaptability in navigating the market. The company's consistent stock performance and impressive market cap reflect investor confidence in its potential for future growth and success in the Indian spirits industry.

Tilaknagar Ind

Tilaknagar Ind is one of the key players in the Indian liquor industry with a market cap of 2,498.38 crore rupees as of 8th May, 2023. Its share price is currently valued at 136.82 rupees, with a 52-week high of 140.95 rupees and a low of 50.75 rupees. The company's portfolio includes a wide range of liquor brands, including Mansion House brandy and Courrier Napoleon brandy, and it has a strong presence in the Indian Made Foreign Liquor (IMFL) segment. Tilaknagar Ind has faced challenges in recent years due to regulatory changes in the industry, but has shown resilience and has continued to innovate to maintain its competitive edge. The market cap and consistent stock performance reflect investor confidence in the company's potential for growth and success in the Indian liquor industry.

Som Distilleries

Som Distilleries is another prominent player in the Indian liquor market with a market cap of1,387.51 crore rupees as of 8th May, 2023. Its share price is currently valued at 188.10 rupees, with a 52-week high of 189.90 rupees and a low of 53.64 rupees. The company has a diverse portfolio of liquor brands, including Woodpecker and White Fox, and has a strong presence in the IMFL segment. Despite facing challenges due to the COVID-19 pandemic, Som Distilleries has demonstrated resilience and adaptability in navigating the market. The consistent stock performance and impressive market cap reflect investor confidence in the company's potential for future growth and success in the Indian liquor industry.

GM Breweries

GM Breweries is a well-known player in the Indian liquor industry with a market cap of 1,043.28 crore rupees as of 8th May, 2023. Its share price is currently valued at 570.80 rupees, with a 52-week high of 657.00 rupees and a low of 505.50 rupees. The company has a strong presence in the Indian beer market, with a diverse portfolio of beer brands including Kingfisher, London Pilsner, and Bullet. Despite facing challenges due to the COVID-19 pandemic, GM Breweries has demonstrated resilience and adaptability in navigating the market. The consistent stock performance and impressive market cap reflect investor confidence in the company's potential for future growth and success in the Indian liquor industry.

Assoc Alcohol

Associated Alcohols is a significant player in the Indian liquor market with a market cap of 679.78 crore rupees as of 8th May, 2023. Its share price is currently valued at 376.00 rupees, with a 52-week high of 528.85 rupees and a low of 315.00 rupees. The company has a diverse portfolio of liquor brands, including whisky, rum, and brandy, and has a strong presence in the country's alcohol industry. Despite facing challenges due to the COVID-19 pandemic and regulatory changes in the industry, Associated Alcohols has demonstrated resilience and adaptability in navigating the market. The consistent stock performance and market cap reflect investor confidence in the company's potential for future growth and success in the Indian liquor industry.

Jagatjit Ind

Jagatjit Industries is a company operating in the alcoholic beverages industry. It has a market cap of 463.16 crore rupees, with a current share price of 100.00 rupees as of 8th May, 2023. The company's stock price has fluctuated significantly in the past year, with a 52-week high of 123.70 rupees and a low of 53.10 rupees. Jagatjit Industries has been in business for over 75 years, and its portfolio includes popular brands such as Aristocrat, Royal Masti, and Jagatjit. Despite the challenges posed by the COVID-19 pandemic and regulatory changes in the alcohol industry, Jagatjit Industries has demonstrated resilience and innovation in adapting to changing market conditions. Its consistent market cap reflects investor confidence in the company's potential for future growth and success in the competitive Indian liquor market.

Piccadilly Agro

Piccadilly Agro Industries Limited is an Indian company engaged in the production and sale of sugar and related products. The company has a market cap of 442.45 crore rupees, with a share price of 46.89 rupees as of 8th May, 2023. The stock price has seen some fluctuations in the past year, with a 52-week high of 55.55 rupees and a low of 29.50 rupees. The agriculture industry in India is facing challenges due to weather fluctuations, government policies, and increasing competition from imported products. However, Piccadilly Agro has continued to grow and expand its operations, Investing in research and development to increase crop yields and quality. Its strong market cap reflects investor confidence in the company's long-term potential for success and profitability in the competitive Indian agriculture sector.

Northern Spirit

Northern Spirit Limited is an Indian company engaged in the production and sale of alcohol products. The company has a market cap of 413.32 crore rupees, with a current share price of 257.50 rupees as of 8th May, 2023. The stock price has seen significant fluctuations in the past year, with a 52-week high of 294.80 rupees and a low of 31.15 rupees. The alcohol industry in India has been facing challenges in recent years due to government regulations, changing consumer preferences, and the impact of the COVID-19 pandemic. However, Northern Spirit has continued to innovate and diversify its product offerings to meet consumer demand, leading to its strong market cap and investor confidence in the company's long-term potential for growth and profitability.

Khoday India

Khoday India Limited is an Indian company engaged in the production and sale of alcoholic beverages. The company has a market cap of 262.55 crore rupees, with a current share price of 78.00 rupees as of 8th May, 2023. Over the past year, the stock price has seen significant Volatility, with a 52-week high of 134.10 rupees and a low of 66.00 rupees. The alcohol industry in India has been facing challenges due to the impact of COVID-19 pandemic and government regulations. However, Khoday India has been working towards diversifying its product offerings and expanding its distribution network to ensure long-term sustainability and profitability. With a focus on innovation and customer satisfaction, Khoday India is well-positioned to navigate the challenges of the alcohol industry and emerge as a strong player in the market.

Ravi Kumar Dist

Ravi Kumar Distilleries is a relatively small company in the Indian alcohol industry, with a market cap of 41.88 crore rupees as of 8th May, 2023. Its share price is currently at 17.45 rupees, with a 52-week high of 23.80 rupees and a low of 9.00 rupees. As a small player in the industry, Ravi Kumar Distilleries faces stiff competition from larger, more established companies. However, the company has been able to maintain its position in the market and achieve steady growth. With a focus on innovation and meeting the changing tastes of consumers, Ravi Kumar Distilleries could continue to be a player in the industry.

Piccadilly Sug

Piccadilly Sugars is a company that specializes in the production and sale of sugar. As of the latest market data, the company has a market capitalization of 39.25 crore rupees and a share price of 16.88 rupees as of 8th May, 2023. Over the past 52 weeks, the stock has had a high of 26.75 rupees and a low of 13.45 rupees. While the company has a relatively small market cap compared to some of its competitors in the industry, it still serves as an important player in the sugar market. The performance of the company's stock in the market will depend on a variety of factors, including global sugar prices, production levels, and consumer demand for sugar products.

Globus Spirits

Globus Spirits Ltd. is a prominent alcoholic beverage company founded in 1992. With a market capitalization of Rs 2,484.24Cr as of 8th May, 2023, the company has established itself as a significant player in the industry. The current share price of the company is 862.50 INR with a 52-week high and low at 1425 INR and 721.50 INR respectively. Based in New Delhi, Globus Spirits specializes in producing country liquor, which is popular in rural areas. The company has been expanding its operations and now has a significant presence in North India. Globus Spirits has received several awards for its high-quality products, including the "Asia's Most Promising Brand" award in 2013. The company is committed to sustainable practices and has implemented initiatives to reduce its carbon footprint.

Assoc Alcohol and Breweries

Founded in 1989, Assoc Alcohol and Breweries Limited is a prominent player in the Indian alcoholic beverage industry. The company produces IMIL (Indian made Indian liquor) as well as international brands. With a market capitalization of Rs 679.78 Cr as of 8th May, 2023, Assoc Alcohol and Breweries is a mid-sized company in the industry. The current market share is 376.00 INR with a 52-week high and low at 528.85 INR and 315.00 INR respectively. The company's products are distributed across India and cater to a wide range of customers. Assoc Alcohol's focus on quality and customer satisfaction has helped it to establish a strong foothold in the competitive Indian alcoholic beverage market.

Som Distilleries and Breweries

Som Distilleries and Breweries Limited is an Indian company established in Bhopal in 1993. The company has a diverse portfolio of products that include alcoholic beverages such as whisky, brandy, gin, rum, and vodka. It also produces non-alcoholic beverages such as mineral water and packaged drinking water. The company's products are marketed under various brand names such as Woodpecker, Hunter, White Fox, and others. Som Distilleries and Breweries Limited has a market capitalization of Rs 1,387.51 Cr as of 8th May, 2023, making it a significant player in the Indian alcoholic beverage industry. The present market share of the company is 188.10 INR with a 52-week high and low at 189.90 INR and 53.64 INR respectively.

Sula Vineyards

Sula Vineyards is a wine company that was founded in 1999. The company has been recognized for its high-quality wines and has won multiple awards. It has a market cap of Rs 3,378.47 Cr as of 8th May, 2023, indicating its significant presence in the market. It has a market share of 401.25 INR and a 52-week high and low at 432.40 INR and 305.35 INR respectively.Additionally, the company's commitment to sustainability is evident through its use of solar energy, which powers 60% of its operations. Sula Vineyards' dedication to reducing its environmental impact demonstrates its proactive approach to sustainability, which has become increasingly important in recent years.

Key Considerations for Investing in Indian Liquor Industry Stocks

Investing in liquor stocks can be a moneymaking opportunity for investors. However, before investing, investors must be diligent in considering specific factors. To make informed decisions, here are a few important factors that require careful consideration:

• The direction and performance of the liquor industry and its market must be closely monitored, including its general expansion and achievements and any governmental changes that may affect the sector. Such changes can significantly impact the financial stability of the industry and its individual companies.

• Investors need to evaluate the monetary well-being of the liquor corporations they are contemplating investing in, which involves scrutinizing their income expansion, gain boundaries, debt-to-assets proportion, cash stream, Balance Sheet, and income report.

• Investors should consider the significance of a liquor company's brand equity. The power of a company's brand and customer involvement will dictate its success in the market.

• The experience and track record of the leadership group is critical to a liquor company's success. Assessing the CEO's management approach, the composition of the board of directors, and the organizational framework of the company helps investors in gauging the company's future prospects and its capacity to tackle unexpected obstacles.

• Assessing the value of a liquor-related stock is another crucial Factor that investors should consider before making any investment decisions in India. Investors should evaluate relevant valuation metrics, including the price-to-Earnings ratio and price-to-book ratio, and compare them with the industry peers to determine if the company is undervalued or overvalued

Besides these factors, investors must also consider the various segments of the liquor market in India, such as IMFL, beer, country liquor, wine, and Ready to Drink beverages, before making any investment decisions. Each segment has Distinctive features and operational outcomes overviews that investors ought to consider carefully. By carefully considering these factors, investors can make informed decisions while investing in liquor-related stocks in India and maximize their returns.

Conclusion

Although India does not rank among the countries with the highest per capita alcohol consumption, the vast population contributes to significant whiskey consumption. However, it is noteworthy that over the last seven years, the consumption of liquor in India has seen a steady rise of 38%, indicating an increasing demand for liquor products. This growing trend presents an opportunity for investors to explore the top liquor-related stocks in India that showcase the industry’s continuous growth. Investing in these companies could potentially provide a favorable Return on Investment, given the liquor market's ongoing expansion in India. As a result, it is worth considering the opportunity that these companies present to potential investors looking to invest in the Indian liquor industry. By analyzing the performance, financial stability, brand value, management team, and valuation metrics of these companies, investors can make informed investment decisions. It is essential to note that investing in liquor-related stocks in India requires careful consideration of various factors before making any investment decisions.