"On the back of changing cultural attitudes and a young, increasingly affluent population, demand for premium and craft beers is rapidly emerging. The Indian beer market is expected to grow with a CAGR of 10% over the forecast period 2019-2025. The beer market is matured in India over the years but still, it is highly confined to limited varieties. The average revenue in India has grown from 200/person to 700/person during the last decade. Big players from this Industry are United Spirit, UBL & Radico. United Spirit is having high debt, while UBL is with less debt burden.
This Year Majority of the Companies have been affected due to COVID. This is the sector with more -ve effect as Tourism is still to be rebound. Average sales have fallen by -25%.
We have already discussed during Q2 that Do Not Expect Lifetime sales, Profit or Price at Least this year from third sector.
Sector Dashboard: