Brokerage firm JM Financial has retained a positive outlook on the Indian alcoholic beverages sector, projecting revenue growth of 9.5 per cent in Q2 FY26. In a recent note, the firm highlighted that spirits makers are likely to outperform the beer segment, with Radico Khaitan emerging as its preferred stock. Advertisement

The brokerage expects a largely stable input-cost environment to support margins, while strong sales and operating leverage could drive expansion for select players. “We expect our alcoholic beverage coverage universe revenue to grow by 9.5 per cent in 2QFY26, faster than HPC staples and some of the large F&B players,” JM Financial said.

Stock-wise outlook:

Radico Khaitan | Buy | Target: Rs 3,515

JM Financial has a “Buy” rating on Radico Khaitan, with a target price

See Full Page