India-UK trade pact: Pernod, Diageo Scotch imports under tax scanner, says report
United Spirits is in focus.
· Business Today Mkts
Tax officials are examining if this relief applies to bulk Scotch concentrates imported in containers and used to produce brands like Royal Stag, Blenders Pride, and McDowell’s.
The analysis
Against that, the stock is -0.1% on the day at ₹1,380.00, and has returned -0.1% over three months. It sits 11% below its 52-week high. The fmcg sector has moved -4.2% over the same period, so United Spirits is running 4.1 points ahead of its peers.
For United Spirits, the question is how much of this is already reflected in the price and how much re-rates the fmcg peer set alongside it.
Market context
- The company directly in focus is UNITDSPR.
- Sector exposure: FMCG.
In this story
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