Abneesh Roy, Executive Director of Nuvama Institutional Equities, has expressed a strong positive outlook for United Spirits , forecasting that the stock could achieve a new all-time high within the next year. He identified United Spirits as his top pick among recently announced quarterly results from fast-moving consumer goods (FMCG) companies, citing several fundamental drivers supporting his bullish thesis.

Roy detailed four primary reasons for his optimism. First, strong performance in markets like Karnataka and Andhra Pradesh is effectively compensating for a decline in Maharashtra. Second, the company reported multi-quarter high gross margins and overall margins. Third, the cost outlook for key raw materials, specifically extra neutral alcohol (ENA) and glass, appears to be under

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