Results
Premiumisation, distribution depth, and operating leverage in scotch and premium IMFL drive the thesis. Q1 confirms the category mix shift is real and compounding.
Buy. The premium portfolio is growing into the distribution that already exists — the cheapest kind of growth there is.
Pass it on
Know someone tracking ABDL? Research travels further than tips do.
Front Wave Research LLP · SEBI Registered Research Analyst · INH000018407. This note is research, not investment advice. Investments in securities markets are subject to market risks. Read all related documents carefully before investing.
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