See 30-35% upside in United Spirits: Sahil Kapoor

Sahil Kapoor of Edelweiss Broking told CNBC-TV18, "If you look at United Spirits (USL), largely the play has always been that people will move away from the country liquor to Indian Made Foreign Liquor (IMFL) and that has played out significantly over a period of time. However, what is significant for USL is that it has got hold of very premium amount of product range from Diageo and that is going to play out significantly over the next three-four years and this year, we feel that there is going to be demographic plus rise in income level due to Seventh Pay Commission and significant correction in inflation. So these two parameters are going to play and kick in significant revenue boost for USL in 2016.""If you look at strategically, the company has also exiting lot of government control market and trying to concentrate its presence in free market. So that is also going to play out in the short-term. So we feel USL is going to outperform the market. We see 30-35 percent upside in 2016," he added.