United Spirits to do well; like Dabur, Mario & HUL: Edelweiss

Liquor and fast moving consumer goods (FMCG) earnings remain in focus. In an interview to CNBC-TV18, Abneesh Roy of Edelweiss Securities shared his take on the sector.

Roy said United Spirits should do well. We have current target price at Rs 3,350, he added.

According to him, liquor industry has seen a big shift and most of the market share is controlled by two multinational companies which have a pull rather than push strategy in liquor which was working earlier.

Talking about ITC, he said in second half volume growth should be better for cigarette business. It did well in FMCG especially in personal care and food.

On FMCG front, he said we like Dabur India, Emami, Marico and Hindustan Unilever.

We also like Britannia Industries because it will continue to gain market share and very well placed in terms of pricing power and innovation.

Watch accompanying video for more details.