20-quarter listed-company comparison

Alcoholic Beverages Stocks in India

Alcoholic Beverages: United Spirits Ltd owns the largest revenue base; Tilaknagar Industries Ltd has the fastest current growth.

01 · the index people search for

Nifty Alcoholic Beverages Index — Constituents & Performance

The Alcoholic Beverages companies below are the listed Indian Alcoholic Beverages universe this page tracks — the same constituent set people search for as the Nifty Alcoholic Beverages index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.

02 · the sector itself · before any single company

How has Alcoholic Beverages moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 18% ahead of NIFTY 500. Earnings across its companies grew 19% on average over the last four reported quarters.

FADING · −1 in 4w~Price and the fundamentals both up6 of 14 companies ahead of NIFTY 500 by 5% or more over three months1 is 20% or more behind over a year while earnings grew 20% or more

RS ↑1w · 6/14 >200d (+0) · 6/14 lead (−1) · EPS 8/14↑

Alcoholic Beverages, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 14 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

03 · sector relative strength, before individual stocks

Is Alcoholic Beverages outperforming NIFTY 500?

Alcoholic Beverages has underperformed NIFTY 500 by 6.6% over the last 52 weeks. Over 13 weeks the gap is a lead of 1.6%. 6 of 14 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. G M Breweries Ltd is the strongest against the sector itself at +37.3%. Readings are as of 2026-07-19.

+1.6%Sector vs NIFTY 500 · 13 weeks

-6.6%Sector vs NIFTY 500 · 52 weeks

6/14Stocks leading NIFTY 500

7/14Stocks leading sector

Sector metric: 17.9 as of 2026-07-19 · CONSOLIDATION · falling.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Alcoholic Beverages has underperformed NIFTY 500 by 6.6% over 52 weeks and 1.6% over 13 weeks. 6 of 14 covered companies beat NIFTY on Mansfield relative strength, while 7 of 14 beat the sector itself. United Spirits Ltd leads with revenue of ₹12,626 crore, based on 14 of 14 comparable companies through Jun 2026.

Companies

complete canonical membership

Combined market value

₹2.6 L Cr

United Spirits Ltd

Revenue growing

10/14

positive TTM year-on-year growth

Beating NIFTY 500

6/14

positive Mansfield relative strength

Comparing 5 of 14

04 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%

Radico Khaitan Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 100% evidence confidence.

Associated Alcohols & Breweries Ltd looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.

United Spirits Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.

How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

Company	Score	Price stage	Growth & earnings/35	Capital efficiency/25	Valuation/20	Relative strength/20
1Radico Khaitan LtdRADICO	78.6/100Favorable setup100% evidence	LEADER	31.2/35 Revenue 19.3% · PAT 76.4% · OPM change 6 pp 100% evidence	20.6/25 ROCE 24.2% · OPM 21% 100% evidence	7.2/20 P/E 81.8× · PEG 1.91 100% evidence	19.6/20 RS sector 35.4% · RS bench 34.6% · 1Y 60.6%12 of 12 weeks ahead 100% evidence
Exact sum: 31.2 + 20.6 + 7.2 + 19.6 = 78.6 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2G M Breweries LtdGMBREW	69.3/100Favorable setup74% evidence	ASLEEP	28.7/35 Revenue 21.3% · PAT 30% · OPM change 4 pp 95% evidence	15.6/25 ROCE 18% · OPM 23% 95% evidence	11.5/20 P/E 14.9× · PEG — 15% evidence	13.5/20 RS sector 37.3% · RS bench -7.1% · 1Y 25.4%0 of 10 weeks ahead 70% evidence
Exact sum: 28.7 + 15.6 + 11.5 + 13.5 = 69.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Piccadily Agro Industries LtdPICCADIL	64.3/100Mixed-positive evidence83% evidence	TURNING	22.7/35 Revenue 26.8% · PAT 34% · OPM change -5 pp 88% evidence	16.3/25 ROCE 18% · OPM 21% 100% evidence	11.0/20 P/E 52.6× · PEG 1.75 65% evidence	14.3/20 RS sector 4.3% · RS bench 18.3% · 1Y 20.8%3 of 10 weeks ahead 70% evidence
Exact sum: 22.7 + 16.3 + 11 + 14.3 = 64.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4India Glycols LtdINDIAGLYCO	63.9/100Mixed-positive evidence96% evidence	BREAKING OUT	20.1/35 Revenue 11.7% · PAT 26.8% · OPM change 0 pp 88% evidence	15.9/25 ROCE 12.4% · OPM 17% 100% evidence	12.3/20 P/E 26.3× · PEG 0.77 100% evidence	15.6/20 RS sector 17.8% · RS bench 17.1% · 1Y 32.9%9 of 12 weeks ahead 100% evidence
Exact sum: 20.1 + 15.9 + 12.3 + 15.6 = 63.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5United Spirits LtdUNITDSPR	60.0/100Mixed-positive evidence100% evidence	BREAKING OUT	15.5/35 Revenue 3.1% · PAT 24.4% · OPM change -5 pp 100% evidence	18.7/25 ROCE 26.4% · OPM 16% 100% evidence	9.0/20 P/E 59.5× · PEG 3.12 100% evidence	16.8/20 RS sector 11% · RS bench 10.3% · 1Y 15.8%3 of 12 weeks ahead 100% evidence
Exact sum: 15.5 + 18.7 + 9 + 16.8 = 60 · Decision use: Price leads the evidence: RS versus the benchmark is 10.3%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
6IFB Agro Industries LtdIFBAGRO	58.5/100Mixed-positive evidence74% evidence	TURNING	28.1/35 Revenue 38.9% · PAT 90.3% · OPM change 1 pp 95% evidence	11.6/25 ROCE 12.7% · OPM 8% 95% evidence	11.3/20 P/E 15.4× · PEG — 15% evidence	7.5/20 RS sector -7% · RS bench -6.2% · 1Y 20.8%10 of 10 weeks ahead 70% evidence
Exact sum: 28.1 + 11.6 + 11.3 + 7.5 = 58.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7Globus Spirits LtdGLOBUSSPR	50.0/100Mixed-positive evidence83% evidence	ASLEEP	27.8/35 Revenue 7.9% · PAT 100% · OPM change 2 pp 100% evidence	8.6/25 ROCE 11.4% · OPM 10% 100% evidence	10.8/20 P/E 25.6× · PEG — 15% evidence	2.8/20 RS sector -11.5% · RS bench -12.4% · 1Y -29%0 of 12 weeks ahead 100% evidence
Exact sum: 27.8 + 8.6 + 10.8 + 2.8 = 50 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -11.5% and the one-year return is -29%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
8Allied Blenders & Distillers LtdABDL	48.4/100Mixed-negative evidence93% evidence	LEADER	14.4/35 Revenue 8% · PAT -12.5% · OPM change 0 pp 100% evidence	14.4/25 ROCE 18.4% · OPM 12% 100% evidence	4.2/20 P/E 77.7× · PEG 4.13 65% evidence	15.4/20 RS sector 11.1% · RS bench 10.1% · 1Y 34.7%12 of 12 weeks ahead 100% evidence
Exact sum: 14.4 + 14.4 + 4.2 + 15.4 = 48.4 · Decision use: Price leads the evidence: RS versus the benchmark is 10.1%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
9Associated Alcohols & Breweries LtdASALCBR	40.9/100Mixed-negative evidence81% evidence	ASLEEP	9.2/35 Revenue -5.3% · PAT -4.6% · OPM change -3 pp 95% evidence	14.0/25 ROCE 18% · OPM 11% 95% evidence	13.3/20 P/E 18.5× · PEG — 50% evidence	4.4/20 RS sector -20.9% · RS bench -17% · 1Y -30.2%3 of 10 weeks ahead 70% evidence
Exact sum: 9.2 + 14 + 13.3 + 4.4 = 40.9 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
10Tilaknagar Industries LtdTI	37.5/100Mixed-negative evidence85% evidence	ASLEEP	9.3/35 Revenue 100% · PAT -80% · OPM change -7 pp 100% evidence	11.0/25 ROCE 11.8% · OPM 16% 80% evidence	8.3/20 P/E 50.9× · PEG — 50% evidence	8.9/20 RS sector 1.5% · RS bench 0.8% · 1Y -6.5%0 of 12 weeks ahead 100% evidence
Exact sum: 9.3 + 11 + 8.3 + 8.9 = 37.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
11Sula Vineyards LtdSULA	34.9/100Adverse evidence77% evidence	ASLEEP	9.2/35 Revenue -4% · PAT -63.5% · OPM change -2.1 pp 83% evidence	11.3/25 ROCE 7.5% · OPM 20.6% 95% evidence	10.2/20 P/E 53.2× · PEG — 50% evidence	4.2/20 RS sector -29.5% · RS bench -16.4% · 1Y -41.8%0 of 10 weeks ahead 70% evidence
Exact sum: 9.2 + 11.3 + 10.2 + 4.2 = 34.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
12United Breweries LtdUBL	34.2/100Adverse evidence79% evidence	BASING	11.5/35 Revenue 3.6% · PAT -6.8% · OPM change -2 pp 88% evidence	6.3/25 ROCE 10.7% · OPM 6% 100% evidence	8.5/20 P/E 110× · PEG — 15% evidence	7.9/20 RS sector -11.4% · RS bench -12.2% · 1Y -30.2%0 of 12 weeks ahead 100% evidence
Exact sum: 11.5 + 6.3 + 8.5 + 7.9 = 34.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
13Jagatjit Industries LtdJAGAJITIND	33.6/100Thin evidence · provisional58% evidence	TURNING	14.5/35 Revenue -48.3% · PAT 100% · OPM change -8 pp 62% evidence	5.1/25 ROCE 10.5% · OPM -13% 76% evidence	9.4/20 P/E 60.1× · PEG — 15% evidence	4.6/20 RS sector -15.4% · RS bench -17.4% · 1Y -34.4%2 of 11 weeks ahead 70% evidence
Exact sum: 14.5 + 5.1 + 9.4 + 4.6 = 33.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
14Som Distilleries & Breweries LtdSDBL	22.5/100Adverse evidence70% evidence	ASLEEP	5.2/35 Revenue -14.8% · PAT -80% · OPM change -36 pp 83% evidence	5.6/25 ROCE 5.7% · OPM -24% 95% evidence	8.7/20 P/E 105× · PEG — 15% evidence	3.0/20 RS sector -36.3% · RS bench -28.9% · 1Y -54.3%2 of 10 weeks ahead 70% evidence
Exact sum: 5.2 + 5.6 + 8.7 + 3 = 22.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

Showing 10 of 14 companies

05 · what price has already done

Market action

Radico Khaitan Ltd has the strongest one-year price move in Alcoholic Beverages at +60.6%. It also leads on Mansfield relative strength against NIFTY at +34.6%. 6 of 14 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.

Price and relative strength

Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

06 · compare level, then change

Revenue Scale & Growth Durability

United Spirits Ltd has the highest Revenue among the 14 Alcoholic Beverages companies compared here, at ₹12,626 crore. United Breweries Ltd is next at ₹9,240 crore. Tilaknagar Industries Ltd has the highest Revenue growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: United Spirits Ltd is the scale leader at ₹12,626 crore, 36.6% ahead of United Breweries Ltd. Tilaknagar Industries Ltd's growth is stored at the ≥100% scoring cap from a ₹3,016 crore base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderUnited Spirits Ltd · ₹12,626 crore

Gap36.6% versus #2 · United Breweries Ltd

Persistence6/8 recent comparable periods

Coverage14/14 companies · 234 observations

Investor read: United Spirits Ltd is the scale benchmark; Tilaknagar Industries Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: United Spirits Ltd's growth falls below Tilaknagar Industries Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

Revenuelargest

1United Spirits Ltd UNITDSPR₹12.6K Cr

2United Breweries Ltd UBL₹9.2K Cr

3Radico Khaitan Ltd RADICO₹6.2K Cr

4India Glycols Ltd INDIAGLYCO₹4.2K Cr

5Allied Blenders & Distillers Ltd ABDL₹4.0K Cr

Revenue growthfastest growers

1Tilaknagar Industries Ltd TI100%

2IFB Agro Industries Ltd IFBAGRO⚠ unverified39%

3Piccadily Agro Industries Ltd PICCADIL27%

4G M Breweries Ltd GMBREW⚠ unverified21%

5Radico Khaitan Ltd RADICO19%

Revenue · company comparison

14/14 level · 14/14 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Company	Revenue	Revenue growth	Reported
United Spirits Ltd UNITDSPR	₹2.7K Cr	-10%	Jun 2026
United Breweries Ltd UBL	₹2.3K Cr	-3.1%	Mar 2026
Radico Khaitan Ltd RADICO	₹1.7K Cr	12%	Jun 2026
Tilaknagar Industries Ltd TI	₹1.0K Cr	156%	Jun 2026
Allied Blenders & Distillers Ltd ABDL	₹979 Cr	6.1%	Jun 2026
India Glycols Ltd INDIAGLYCO	₹976 Cr	13%	Mar 2026
Globus Spirits Ltd GLOBUSSPR	₹789 Cr	13%	Jun 2026
IFB Agro Industries Ltd IFBAGRO⚠ unverified	₹398 Cr	36%	Jun 2026
Piccadily Agro Industries Ltd PICCADIL	₹335 Cr	31%	Mar 2026
Associated Alcohols & Breweries Ltd ASALCBR⚠ unverified	₹281 Cr	5.2%	Jun 2026
G M Breweries Ltd GMBREW⚠ unverified	₹200 Cr	23%	Jun 2026
Som Distilleries & Breweries Ltd SDBL⚠ unverified	₹181 Cr	-47%	Mar 2026
Sula Vineyards Ltd SULA⚠ unverified	₹135 Cr	7.3%	Mar 2026
Jagatjit Industries Ltd JAGAJITIND	₹76 Cr	-34%	Mar 2026

Full 20-quarter history · every available company

Revenue · reported quarter history

Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Allied Blenders & Distillers Ltd · ABDL

Sep 2021—

Dec 2021—

Mar 2022₹740 Cr

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023₹771 Cr

Jun 2023₹814 Cr

Sep 2023₹851 Cr

Dec 2023₹895 Cr

Mar 2024₹768 Cr

Jun 2024₹758 Cr

Sep 2024₹868 Cr

Dec 2024₹974 Cr

Mar 2025₹921 Cr

Jun 2025₹923 Cr

Sep 2025₹990 Cr

Dec 2025₹1.0K Cr

Mar 2026₹1.0K Cr

Jun 2026₹979 Cr

Associated Alcohols & Breweries Ltd · ASALCBR⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024₹252 Cr

Sep 2024₹255 Cr

Dec 2024₹327 Cr

Mar 2025₹242 Cr

Jun 2025₹267 Cr

Sep 2025₹254 Cr

Dec 2025₹260 Cr

Mar 2026₹238 Cr

Jun 2026₹281 Cr

G M Breweries Ltd · GMBREW⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹154 Cr

Mar 2023₹156 Cr

Jun 2023₹147 Cr

Sep 2023₹152 Cr

Dec 2023₹157 Cr

Mar 2024₹160 Cr

Jun 2024₹152 Cr

Sep 2024₹149 Cr

Dec 2024₹166 Cr

Mar 2025₹169 Cr

Jun 2025₹163 Cr

Sep 2025₹181 Cr

Dec 2025₹202 Cr

Mar 2026₹202 Cr

Jun 2026₹200 Cr

Globus Spirits Ltd · GLOBUSSPR

Sep 2021₹382 Cr

Dec 2021₹347 Cr

Mar 2022₹479 Cr

Jun 2022₹495 Cr

Sep 2022₹480 Cr

Dec 2022₹592 Cr

Mar 2023₹541 Cr

Jun 2023₹570 Cr

Sep 2023₹567 Cr

Dec 2023₹687 Cr

Mar 2024₹590 Cr

Jun 2024₹642 Cr

Sep 2024₹638 Cr

Dec 2024₹602 Cr

Mar 2025₹655 Cr

Jun 2025₹700 Cr

Sep 2025₹661 Cr

Dec 2025₹717 Cr

Mar 2026₹632 Cr

Jun 2026₹789 Cr

India Glycols Ltd · INDIAGLYCO

Sep 2021₹780 Cr

Dec 2021₹795 Cr

Mar 2022₹642 Cr

Jun 2022₹808 Cr

Sep 2022₹670 Cr

Dec 2022₹554 Cr

Mar 2023₹619 Cr

Jun 2023₹689 Cr

Sep 2023₹775 Cr

Dec 2023₹904 Cr

Mar 2024₹926 Cr

Jun 2024₹969 Cr

Sep 2024₹961 Cr

Dec 2024₹975 Cr

Mar 2025₹863 Cr

Jun 2025₹1.0K Cr

Sep 2025₹1.1K Cr

Dec 2025₹1.1K Cr

Mar 2026₹976 Cr

Jun 2026—

Piccadily Agro Industries Ltd · PICCADIL

Sep 2021₹91 Cr

Dec 2021₹110 Cr

Mar 2022₹166 Cr

Jun 2022₹184 Cr

Sep 2022₹116 Cr

Dec 2022₹115 Cr

Mar 2023₹200 Cr

Jun 2023₹219 Cr

Sep 2023₹114 Cr

Dec 2023₹178 Cr

Mar 2024₹269 Cr

Jun 2024₹196 Cr

Sep 2024₹185 Cr

Dec 2024₹182 Cr

Mar 2025₹255 Cr

Jun 2025₹214 Cr

Sep 2025₹212 Cr

Dec 2025₹276 Cr

Mar 2026₹335 Cr

Jun 2026—

Radico Khaitan Ltd · RADICO

Sep 2021₹709 Cr

Dec 2021₹766 Cr

Mar 2022₹790 Cr

Jun 2022₹757 Cr

Sep 2022₹761 Cr

Dec 2022₹792 Cr

Mar 2023₹832 Cr

Jun 2023₹954 Cr

Sep 2023₹925 Cr

Dec 2023₹1.2K Cr

Mar 2024₹1.1K Cr

Jun 2024₹1.1K Cr

Sep 2024₹1.1K Cr

Dec 2024₹1.3K Cr

Mar 2025₹1.3K Cr

Jun 2025₹1.5K Cr

Sep 2025₹1.5K Cr

Dec 2025₹1.5K Cr

Mar 2026₹1.5K Cr

Jun 2026₹1.7K Cr

Som Distilleries & Breweries Ltd · SDBL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹149 Cr

Mar 2023₹253 Cr

Jun 2023₹385 Cr

Sep 2023₹248 Cr

Dec 2023₹266 Cr

Mar 2024₹382 Cr

Jun 2024₹513 Cr

Sep 2024₹290 Cr

Dec 2024₹301 Cr

Mar 2025₹339 Cr

Jun 2025₹528 Cr

Sep 2025₹270 Cr

Dec 2025₹251 Cr

Mar 2026₹181 Cr

Jun 2026—

Sula Vineyards Ltd · SULA⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹191 Cr

Mar 2023₹113 Cr

Jun 2023₹108 Cr

Sep 2023₹134 Cr

Dec 2023₹203 Cr

Mar 2024₹123 Cr

Jun 2024₹121 Cr

Sep 2024₹132 Cr

Dec 2024₹200 Cr

Mar 2025₹126 Cr

Jun 2025₹110 Cr

Sep 2025₹131 Cr

Dec 2025₹180 Cr

Mar 2026₹135 Cr

Jun 2026—

Tilaknagar Industries Ltd · TI

Sep 2021₹201 Cr

Dec 2021₹206 Cr

Mar 2022₹241 Cr

Jun 2022₹230 Cr

Sep 2022₹274 Cr

Dec 2022₹303 Cr

Mar 2023₹357 Cr

Jun 2023₹304 Cr

Sep 2023₹354 Cr

Dec 2023₹377 Cr

Mar 2024₹359 Cr

Jun 2024₹313 Cr

Sep 2024₹375 Cr

Dec 2024₹340 Cr

Mar 2025₹384 Cr

Jun 2025₹409 Cr

Sep 2025₹398 Cr

Dec 2025₹623 Cr

Mar 2026₹949 Cr

Jun 2026₹1.0K Cr

United Breweries Ltd · UBL

Sep 2021₹1.4K Cr

Dec 2021₹1.6K Cr

Mar 2022₹1.7K Cr

Jun 2022₹2.4K Cr

Sep 2022₹1.7K Cr

Dec 2022₹1.6K Cr

Mar 2023₹1.8K Cr

Jun 2023₹2.3K Cr

Sep 2023₹1.9K Cr

Dec 2023₹1.8K Cr

Mar 2024₹2.1K Cr

Jun 2024₹2.5K Cr

Sep 2024₹2.1K Cr

Dec 2024₹2.0K Cr

Mar 2025₹2.3K Cr

Jun 2025₹2.9K Cr

Sep 2025₹2.1K Cr

Dec 2025₹2.1K Cr

Mar 2026₹2.3K Cr

Jun 2026—

United Spirits Ltd · UNITDSPR

Sep 2021₹2.5K Cr

Dec 2021₹2.9K Cr

Mar 2022₹2.5K Cr

Jun 2022₹2.4K Cr

Sep 2022₹2.9K Cr

Dec 2022₹2.8K Cr

Mar 2023₹2.5K Cr

Jun 2023₹2.7K Cr

Sep 2023₹2.9K Cr

Dec 2023₹3.0K Cr

Mar 2024₹2.8K Cr

Jun 2024₹2.8K Cr

Sep 2024₹2.8K Cr

Dec 2024₹3.4K Cr

Mar 2025₹2.9K Cr

Jun 2025₹3.0K Cr

Sep 2025₹3.2K Cr

Dec 2025₹3.7K Cr

Mar 2026₹3.1K Cr

Jun 2026₹2.7K Cr

Revenue growth · reported quarter history

Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Allied Blenders & Distillers Ltd · ABDL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 20234.2%

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024-0.4%

Jun 2024-6.9%

Sep 20242.0%

Dec 20248.8%

Mar 202520%

Jun 202522%

Sep 202514%

Dec 20253.0%

Mar 20269.3%

Jun 20266.1%

Associated Alcohols & Breweries Ltd · ASALCBR⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 20256.0%

Sep 2025-0.4%

Dec 2025-20%

Mar 2026-1.7%

Jun 20265.2%

G M Breweries Ltd · GMBREW⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 20232.0%

Mar 20242.6%

Jun 20243.4%

Sep 2024-2.0%

Dec 20245.7%

Mar 20255.6%

Jun 20257.2%

Sep 202521%

Dec 202522%

Mar 202620%

Jun 202623%

Globus Spirits Ltd · GLOBUSSPR

Sep 2021—

Dec 2021—

Mar 202234%

Jun 202233%

Sep 202226%

Dec 202271%

Mar 202313%

Jun 202315%

Sep 202318%

Dec 202316%

Mar 20249.1%

Jun 202413%

Sep 202413%

Dec 2024-12%

Mar 202511%

Jun 20259.0%

Sep 20253.6%

Dec 202519%

Mar 2026-3.5%

Jun 202613%

India Glycols Ltd · INDIAGLYCO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202224%

Sep 2022-14%

Dec 2022-30%

Mar 2023-3.6%

Jun 2023-15%

Sep 202316%

Dec 202363%

Mar 202450%

Jun 202441%

Sep 202424%

Dec 20247.9%

Mar 2025-6.8%

Jun 20257.3%

Sep 202514%

Dec 202513%

Mar 202613%

Jun 2026—

Piccadily Agro Industries Ltd · PICCADIL

Sep 2021—

Dec 2021—

Mar 20228.5%

Jun 2022-11%

Sep 202227%

Dec 20224.6%

Mar 202320%

Jun 202319%

Sep 2023-1.7%

Dec 202355%

Mar 202435%

Jun 2024-11%

Sep 202462%

Dec 20242.3%

Mar 2025-5.2%

Jun 20259.2%

Sep 202515%

Dec 202552%

Mar 202631%

Jun 2026—

Radico Khaitan Ltd · RADICO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202226%

Sep 20227.3%

Dec 20223.4%

Mar 20235.3%

Jun 202326%

Sep 202322%

Dec 202347%

Mar 202430%

Jun 202419%

Sep 202421%

Dec 202411%

Mar 202521%

Jun 202532%

Sep 202534%

Dec 202520%

Mar 202615%

Jun 202612%

Som Distilleries & Breweries Ltd · SDBL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202379%

Mar 202451%

Jun 202433%

Sep 202417%

Dec 202413%

Mar 2025-11%

Jun 20252.9%

Sep 2025-6.9%

Dec 2025-17%

Mar 2026-47%

Jun 2026—

Sula Vineyards Ltd · SULA⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 20236.5%

Mar 20248.1%

Jun 202411%

Sep 2024-1.0%

Dec 2024-1.4%

Mar 20252.6%

Jun 2025-9.3%

Sep 2025-1.1%

Dec 2025-9.9%

Mar 20267.3%

Jun 2026—

Tilaknagar Industries Ltd · TI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202270%

Sep 202236%

Dec 202247%

Mar 202348%

Jun 202332%

Sep 202329%

Dec 202324%

Mar 20240.6%

Jun 20243.0%

Sep 20245.9%

Dec 2024-9.8%

Mar 20257.0%

Jun 202531%

Sep 20256.1%

Dec 202583%

Mar 2026147%

Jun 2026156%

United Breweries Ltd · UBL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022118%

Sep 202218%

Dec 20221.9%

Mar 20233.3%

Jun 2023-6.7%

Sep 202312%

Dec 202313%

Mar 202421%

Jun 20248.8%

Sep 202412%

Dec 20249.7%

Mar 20258.9%

Jun 202516%

Sep 2025-3.0%

Dec 20253.7%

Mar 2026-3.1%

Jun 2026—

United Spirits Ltd · UNITDSPR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 202240%

Sep 202216%

Dec 2022-5.7%

Mar 2023-1.3%

Jun 202310%

Sep 2023-1.4%

Dec 20238.0%

Mar 202411%

Jun 20243.5%

Sep 2024-0.9%

Dec 202414%

Mar 20255.9%

Jun 20259.4%

Sep 202512%

Dec 20257.5%

Mar 20263.7%

Jun 2026-10%

07 · compare level, then change

Operating Economics & Margin Trend

G M Breweries Ltd has the highest OPM among the 14 Alcoholic Beverages companies compared here, at 23%. Piccadily Agro Industries Ltd is next at 21%. Radico Khaitan Ltd has the highest Margin change at +6 percentage points, so level and change sit with different companies. 14 of 14 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: G M Breweries Ltd leads opm at 23%; Radico Khaitan Ltd leads margin change at +6 percentage points.

LeaderG M Breweries Ltd · 23%

Gap9.5% versus #2 · Piccadily Agro Industries Ltd

Persistence6/8 recent comparable periods

Coverage14/14 companies · 269 observations

Investor read: G M Breweries Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

OPMhighest

1G M Breweries Ltd GMBREW⚠ unverified23%

2Piccadily Agro Industries Ltd PICCADIL21%

3Radico Khaitan Ltd RADICO21%

4Sula Vineyards Ltd SULA⚠ unverified21%

5India Glycols Ltd INDIAGLYCO17%

Margin changefastest expanders

1Radico Khaitan Ltd RADICO+6.0 pp

2G M Breweries Ltd GMBREW⚠ unverified+4.0 pp

3Globus Spirits Ltd GLOBUSSPR+2.0 pp

4IFB Agro Industries Ltd IFBAGRO⚠ unverified+1.0 pp

5Allied Blenders & Distillers Ltd ABDL0.0 pp

Operating margin · company comparison

14/14 level · 14/14 change

All-company data · latest reported quarter

Company	OPM	Margin change	Reported
G M Breweries Ltd GMBREW⚠ unverified	23%	+4.0 pp	Jun 2026
Radico Khaitan Ltd RADICO	21%	+6.0 pp	Jun 2026
Piccadily Agro Industries Ltd PICCADIL	21%	−5.0 pp	Mar 2026
Sula Vineyards Ltd SULA⚠ unverified	21%	−2.1 pp	Mar 2026
India Glycols Ltd INDIAGLYCO	17%	0.0 pp	Mar 2026
United Spirits Ltd UNITDSPR	16%	−5.0 pp	Jun 2026
Tilaknagar Industries Ltd TI	16%	−7.0 pp	Jun 2026
Allied Blenders & Distillers Ltd ABDL	12%	0.0 pp	Jun 2026
Associated Alcohols & Breweries Ltd ASALCBR⚠ unverified	11%	−3.0 pp	Jun 2026
Globus Spirits Ltd GLOBUSSPR	10%	+2.0 pp	Jun 2026
IFB Agro Industries Ltd IFBAGRO⚠ unverified	8.0%	+1.0 pp	Jun 2026
United Breweries Ltd UBL	6.0%	−2.0 pp	Mar 2026
Jagatjit Industries Ltd JAGAJITIND	-13%	−8.0 pp	Mar 2026
Som Distilleries & Breweries Ltd SDBL⚠ unverified	-24%	−36.0 pp	Mar 2026

Full 20-quarter history · every available company

OPM · reported quarter history

Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Allied Blenders & Distillers Ltd · ABDL

Sep 2021—

Dec 2021—

Mar 20224.2%

Jun 2022—

Sep 2022—

Dec 2022—

Mar 20236.0%

Jun 20236.0%

Sep 20238.0%

Dec 20237.0%

Mar 20248.0%

Jun 202410%

Sep 202412%

Dec 202412%

Mar 202515%

Jun 202512%

Sep 202513%

Dec 202514%

Mar 202617%

Jun 202612%

Associated Alcohols & Breweries Ltd · ASALCBR⚠ unverified

Sep 202117%

Dec 202116%

Mar 202213%

Jun 202211%

Sep 20227.4%

Dec 20229.0%

Mar 20238.0%

Jun 202312%

Sep 202311%

Dec 202311%

Mar 20247.6%

Jun 202411%

Sep 202410%

Dec 202412%

Mar 202515%

Jun 202514%

Sep 20259.0%

Dec 202516%

Mar 202617%

Jun 202611%

G M Breweries Ltd · GMBREW⚠ unverified

Sep 202125%

Dec 202121%

Mar 202216%

Jun 202215%

Sep 202222%

Dec 202222%

Mar 202320%

Jun 202318%

Sep 202320%

Dec 202316%

Mar 202416%

Jun 202421%

Sep 202418%

Dec 202418%

Mar 202517%

Jun 202519%

Sep 202525%

Dec 202526%

Mar 202626%

Jun 202623%

Globus Spirits Ltd · GLOBUSSPR

Sep 202120%

Dec 202114%

Mar 202215%

Jun 202211%

Sep 20226.7%

Dec 20227.4%

Mar 202311%

Jun 202313%

Sep 20237.0%

Dec 20236.0%

Mar 20243.3%

Jun 20247.0%

Sep 20244.7%

Dec 20246.0%

Mar 20256.0%

Jun 20258.0%

Sep 20259.0%

Dec 202510%

Mar 202611%

Jun 202610%

India Glycols Ltd · INDIAGLYCO

Sep 20218.5%

Dec 20216.9%

Mar 202212%

Jun 20227.7%

Sep 202210%

Dec 202212%

Mar 202316%

Jun 202315%

Sep 202312%

Dec 202311%

Mar 202411%

Jun 202413%

Sep 202412%

Dec 202413%

Mar 202517%

Jun 202514%

Sep 202514%

Dec 202516%

Mar 202617%

Jun 2026—

Piccadily Agro Industries Ltd · PICCADIL

Sep 202121%

Dec 20217.4%

Mar 202211%

Jun 20229.5%

Sep 202211%

Dec 202215%

Mar 20237.0%

Jun 202311%

Sep 202321%

Dec 202319%

Mar 202425%

Jun 202414%

Sep 202423%

Dec 202426%

Mar 202526%

Jun 202518%

Sep 202522%

Dec 202528%

Mar 202621%

Jun 2026—

Radico Khaitan Ltd · RADICO

Sep 202116%

Dec 202116%

Mar 20229.8%

Jun 202212%

Sep 202212%

Dec 202212%

Mar 20239.0%

Jun 202313%

Sep 202313%

Dec 202312%

Mar 202411%

Jun 202413%

Sep 202414%

Dec 202414%

Mar 202514%

Jun 202515%

Sep 202516%

Dec 202517%

Mar 202619%

Jun 202621%

Som Distilleries & Breweries Ltd · SDBL⚠ unverified

Sep 20216.0%

Dec 20216.3%

Mar 20228.1%

Jun 202213%

Sep 202212%

Dec 202211%

Mar 202311%

Jun 202313%

Sep 202311%

Dec 202312%

Mar 202411%

Jun 202413%

Sep 202412%

Dec 202412%

Mar 202512%

Jun 202513%

Sep 202515%

Dec 20258.0%

Mar 2026-24%

Jun 2026—

Sula Vineyards Ltd · SULA⚠ unverified

Sep 202120%

Dec 202133%

Mar 202227%

Jun 202227%

Sep 202231%

Dec 202234%

Mar 202327%

Jun 202328%

Sep 202333%

Dec 202335%

Mar 202424%

Jun 202428%

Sep 202425%

Dec 202427%

Mar 202523%

Jun 202517%

Sep 202519%

Dec 202518%

Mar 202621%

Jun 2026—

Tilaknagar Industries Ltd · TI

Sep 202115%

Dec 202116%

Mar 202211%

Jun 20229.5%

Sep 202211%

Dec 202213%

Mar 202312%

Jun 202313%

Sep 202313%

Dec 202314%

Mar 202413%

Jun 202416%

Sep 202418%

Dec 202418%

Mar 202520%

Jun 202523%

Sep 202515%

Dec 202518%

Mar 202616%

Jun 202616%

United Breweries Ltd · UBL

Sep 202112%

Dec 202111%

Mar 202215%

Jun 202211%

Sep 202213%

Dec 20225.0%

Mar 20233.0%

Jun 202310%

Sep 202310%

Dec 20238.0%

Mar 20247.0%

Jun 202412%

Sep 202411%

Dec 20247.0%

Mar 20258.0%

Jun 202511%

Sep 20256.0%

Dec 202511%

Mar 20266.0%

Jun 2026—

United Spirits Ltd · UNITDSPR

Sep 202119%

Dec 202118%

Mar 202217%

Jun 202215%

Sep 202215%

Dec 202213%

Mar 20239.0%

Jun 202327%

Sep 202316%

Dec 202316%

Mar 202412%

Jun 202426%

Sep 202418%

Dec 202416%

Mar 202517%

Jun 202521%

Sep 202521%

Dec 202517%

Mar 202619%

Jun 202616%

Margin change · reported quarter history

Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Allied Blenders & Distillers Ltd · ABDL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023+1.8 pp

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024+2.0 pp

Jun 2024+4.0 pp

Sep 2024+4.0 pp

Dec 2024+5.0 pp

Mar 2025+7.0 pp

Jun 2025+2.0 pp

Sep 2025+1.0 pp

Dec 2025+2.0 pp

Mar 2026+2.0 pp

Jun 20260.0 pp

Associated Alcohols & Breweries Ltd · ASALCBR⚠ unverified

Sep 2021−3.8 pp

Dec 2021−7.2 pp

Mar 2022−6.0 pp

Jun 2022−8.6 pp

Sep 2022−9.6 pp

Dec 2022−7.3 pp

Mar 2023−5.1 pp

Jun 2023+0.9 pp

Sep 2023+4.0 pp

Dec 2023+1.7 pp

Mar 2024−0.3 pp

Jun 2024−0.8 pp

Sep 2024−1.4 pp

Dec 2024+1.3 pp

Mar 2025+7.4 pp

Jun 2025+3.0 pp

Sep 2025−1.0 pp

Dec 2025+4.0 pp

Mar 2026+2.0 pp

Jun 2026−3.0 pp

G M Breweries Ltd · GMBREW⚠ unverified

Sep 2021+4.2 pp

Dec 2021−4.1 pp

Mar 2022−5.3 pp

Jun 2022−8.3 pp

Sep 2022−3.4 pp

Dec 2022+1.4 pp

Mar 2023+3.8 pp

Jun 2023+2.7 pp

Sep 2023−1.7 pp

Dec 2023−6.0 pp

Mar 2024−4.0 pp

Jun 2024+3.0 pp

Sep 2024−2.0 pp

Dec 2024+2.0 pp

Mar 2025+1.0 pp

Jun 2025−2.0 pp

Sep 2025+7.0 pp

Dec 2025+8.0 pp

Mar 2026+9.0 pp

Jun 2026+4.0 pp

Globus Spirits Ltd · GLOBUSSPR

Sep 2021+1.9 pp

Dec 2021−7.5 pp

Mar 2022−9.8 pp

Jun 2022−14.7 pp

Sep 2022−13.5 pp

Dec 2022−6.4 pp

Mar 2023−4.6 pp

Jun 2023+1.7 pp

Sep 2023+0.3 pp

Dec 2023−1.4 pp

Mar 2024−7.3 pp

Jun 2024−6.0 pp

Sep 2024−2.3 pp

Dec 20240.0 pp

Mar 2025+2.7 pp

Jun 2025+1.0 pp

Sep 2025+4.3 pp

Dec 2025+4.0 pp

Mar 2026+5.0 pp

Jun 2026+2.0 pp

India Glycols Ltd · INDIAGLYCO

Sep 2021−3.3 pp

Dec 2021−2.7 pp

Mar 2022+0.9 pp

Jun 2022−0.7 pp

Sep 2022+1.7 pp

Dec 2022+5.1 pp

Mar 2023+3.6 pp

Jun 2023+7.3 pp

Sep 2023+1.9 pp

Dec 2023−1.0 pp

Mar 2024−5.0 pp

Jun 2024−2.0 pp

Sep 20240.0 pp

Dec 2024+2.0 pp

Mar 2025+6.0 pp

Jun 2025+1.0 pp

Sep 2025+2.0 pp

Dec 2025+3.0 pp

Mar 20260.0 pp

Jun 2026—

Piccadily Agro Industries Ltd · PICCADIL

Sep 2021+7.0 pp

Dec 2021−4.8 pp

Mar 2022+7.1 pp

Jun 2022−1.9 pp

Sep 2022−10.6 pp

Dec 2022+7.6 pp

Mar 2023−4.0 pp

Jun 2023+1.5 pp

Sep 2023+10.5 pp

Dec 2023+4.0 pp

Mar 2024+18.0 pp

Jun 2024+3.0 pp

Sep 2024+2.0 pp

Dec 2024+7.0 pp

Mar 2025+1.0 pp

Jun 2025+4.0 pp

Sep 2025−1.0 pp

Dec 2025+2.0 pp

Mar 2026−5.0 pp

Jun 2026—

Radico Khaitan Ltd · RADICO

Sep 2021−1.3 pp

Dec 2021−2.5 pp

Mar 2022−4.9 pp

Jun 2022−3.2 pp

Sep 2022−3.9 pp

Dec 2022−3.7 pp

Mar 2023−0.8 pp

Jun 2023+0.8 pp

Sep 2023+1.2 pp

Dec 20230.0 pp

Mar 2024+2.0 pp

Jun 20240.0 pp

Sep 2024+1.0 pp

Dec 2024+2.0 pp

Mar 2025+3.0 pp

Jun 2025+2.0 pp

Sep 2025+2.0 pp

Dec 2025+3.0 pp

Mar 2026+5.0 pp

Jun 2026+6.0 pp

Som Distilleries & Breweries Ltd · SDBL⚠ unverified

Sep 2021+4.9 pp

Dec 2021+11.2 pp

Mar 2022+0.7 pp

Jun 2022+23.3 pp

Sep 2022+5.8 pp

Dec 2022+5.2 pp

Mar 2023+3.0 pp

Jun 2023−0.4 pp

Sep 2023−0.8 pp

Dec 2023+0.6 pp

Mar 20240.0 pp

Jun 20240.0 pp

Sep 2024+1.0 pp

Dec 20240.0 pp

Mar 2025+1.0 pp

Jun 20250.0 pp

Sep 2025+3.0 pp

Dec 2025−4.0 pp

Mar 2026−36.0 pp

Jun 2026—

Sula Vineyards Ltd · SULA⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+11.6 pp

Dec 2022+0.8 pp

Mar 2023+0.3 pp

Jun 2023+0.6 pp

Sep 2023+2.0 pp

Dec 2023+1.8 pp

Mar 2024−3.1 pp

Jun 2024+0.1 pp

Sep 2024−7.7 pp

Dec 2024−8.9 pp

Mar 2025−1.4 pp

Jun 2025−11.4 pp

Sep 2025−5.9 pp

Dec 2025−8.8 pp

Mar 2026−2.1 pp

Jun 2026—

Tilaknagar Industries Ltd · TI

Sep 2021+0.7 pp

Dec 2021+2.5 pp

Mar 2022+5.4 pp

Jun 2022−7.8 pp

Sep 2022−3.7 pp

Dec 2022−2.8 pp

Mar 2023+1.3 pp

Jun 2023+3.5 pp

Sep 2023+1.6 pp

Dec 2023+1.0 pp

Mar 2024+1.0 pp

Jun 2024+3.0 pp

Sep 2024+5.0 pp

Dec 2024+4.0 pp

Mar 2025+7.0 pp

Jun 2025+7.0 pp

Sep 2025−3.0 pp

Dec 20250.0 pp

Mar 2026−4.0 pp

Jun 2026−7.0 pp

United Breweries Ltd · UBL

Sep 2021+7.1 pp

Dec 2021−2.5 pp

Mar 2022−1.7 pp

Jun 2022+2.4 pp

Sep 2022+1.5 pp

Dec 2022−6.0 pp

Mar 2023−12.3 pp

Jun 2023−0.9 pp

Sep 2023−3.0 pp

Dec 2023+3.0 pp

Mar 2024+4.0 pp

Jun 2024+2.0 pp

Sep 2024+1.0 pp

Dec 2024−1.0 pp

Mar 2025+1.0 pp

Jun 2025−1.0 pp

Sep 2025−5.0 pp

Dec 2025+4.0 pp

Mar 2026−2.0 pp

Jun 2026—

United Spirits Ltd · UNITDSPR

Sep 2021+5.5 pp

Dec 2021+0.5 pp

Mar 2022−0.7 pp

Jun 2022+4.4 pp

Sep 2022−3.7 pp

Dec 2022−4.6 pp

Mar 2023−8.0 pp

Jun 2023+11.6 pp

Sep 2023+1.0 pp

Dec 2023+3.0 pp

Mar 2024+3.0 pp

Jun 2024−1.0 pp

Sep 2024+2.0 pp

Dec 20240.0 pp

Mar 2025+5.0 pp

Jun 2025−5.0 pp

Sep 2025+3.0 pp

Dec 2025+1.0 pp

Mar 2026+2.0 pp

Jun 2026−5.0 pp

08 · compare level, then change

Profit Scale & Acceleration

United Spirits Ltd has the highest Net profit among the 14 Alcoholic Beverages companies compared here, at ₹1,884 crore. Radico Khaitan Ltd is next at ₹704 crore. Globus Spirits Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: United Spirits Ltd leads with ₹1,884 crore of TTM profit, 167.6% above Radico Khaitan Ltd. Globus Spirits Ltd shows ≥100% on the scoring scale (312.5% uncapped) growth from a ₹99 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderUnited Spirits Ltd · ₹1,884 crore

Gap167.6% versus #2 · Radico Khaitan Ltd

Persistence6/8 recent comparable periods

Coverage14/14 companies · 234 observations

Investor read: United Spirits Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

Net profitlargest

1United Spirits Ltd UNITDSPR₹1.9K Cr

2Radico Khaitan Ltd RADICO₹704 Cr

3United Breweries Ltd UBL₹413 Cr

4India Glycols Ltd INDIAGLYCO₹293 Cr

5Allied Blenders & Distillers Ltd ABDL₹210 Cr

Profit growthfastest growers

1Globus Spirits Ltd GLOBUSSPR100%

2IFB Agro Industries Ltd IFBAGRO⚠ unverified90%

3Radico Khaitan Ltd RADICO76%

4Piccadily Agro Industries Ltd PICCADIL34%

5G M Breweries Ltd GMBREW⚠ unverified30%

Net profit · company comparison

14/14 level · 13/14 change

All-company data · latest reported quarter

Company	Net profit	Profit growth	Reported
United Spirits Ltd UNITDSPR	₹463 Cr	11%	Jun 2026
Radico Khaitan Ltd RADICO	₹230 Cr	76%	Jun 2026
United Breweries Ltd UBL	₹102 Cr	4.1%	Mar 2026
India Glycols Ltd INDIAGLYCO	₹87 Cr	36%	Mar 2026
Allied Blenders & Distillers Ltd ABDL	₹45 Cr	-20%	Jun 2026
Piccadily Agro Industries Ltd PICCADIL	₹45 Cr	13%	Mar 2026
G M Breweries Ltd GMBREW⚠ unverified	₹38 Cr	46%	Jun 2026
Tilaknagar Industries Ltd TI	₹32 Cr	-64%	Jun 2026
Globus Spirits Ltd GLOBUSSPR	₹26 Cr	44%	Jun 2026
IFB Agro Industries Ltd IFBAGRO⚠ unverified	₹20 Cr	18%	Jun 2026
Associated Alcohols & Breweries Ltd ASALCBR⚠ unverified	₹18 Cr	-25%	Jun 2026
Sula Vineyards Ltd SULA⚠ unverified	₹9 Cr	-34%	Mar 2026
Jagatjit Industries Ltd JAGAJITIND	₹-17 Cr	-450%	Mar 2026
Som Distilleries & Breweries Ltd SDBL⚠ unverified	₹-57 Cr	-338%	Mar 2026

Full 20-quarter history · every available company

Net profit · reported quarter history

Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Allied Blenders & Distillers Ltd · ABDL

Sep 2021—

Dec 2021—

Mar 2022₹-2 Cr

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023₹-1 Cr

Jun 2023₹-3 Cr

Sep 2023₹11 Cr

Dec 2023₹-4 Cr

Mar 2024₹-2 Cr

Jun 2024₹11 Cr

Sep 2024₹48 Cr

Dec 2024₹57 Cr

Mar 2025₹79 Cr

Jun 2025₹56 Cr

Sep 2025₹63 Cr

Dec 2025₹64 Cr

Mar 2026₹38 Cr

Jun 2026₹45 Cr

Associated Alcohols & Breweries Ltd · ASALCBR⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024₹18 Cr

Sep 2024₹15 Cr

Dec 2024₹26 Cr

Mar 2025₹22 Cr

Jun 2025₹24 Cr

Sep 2025₹14 Cr

Dec 2025₹27 Cr

Mar 2026₹24 Cr

Jun 2026₹18 Cr

G M Breweries Ltd · GMBREW⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹26 Cr

Mar 2023₹35 Cr

Jun 2023₹20 Cr

Sep 2023₹22 Cr

Dec 2023₹23 Cr

Mar 2024₹87 Cr

Jun 2024₹25 Cr

Sep 2024₹22 Cr

Dec 2024₹22 Cr

Mar 2025₹60 Cr

Jun 2025₹26 Cr

Sep 2025₹35 Cr

Dec 2025₹42 Cr

Mar 2026₹54 Cr

Jun 2026₹38 Cr

Globus Spirits Ltd · GLOBUSSPR

Sep 2021₹53 Cr

Dec 2021₹31 Cr

Mar 2022₹49 Cr

Jun 2022₹37 Cr

Sep 2022₹22 Cr

Dec 2022₹27 Cr

Mar 2023₹36 Cr

Jun 2023₹39 Cr

Sep 2023₹13 Cr

Dec 2023₹44 Cr

Mar 2024₹0 Cr

Jun 2024₹15 Cr

Sep 2024₹1 Cr

Dec 2024₹0 Cr

Mar 2025₹5 Cr

Jun 2025₹18 Cr

Sep 2025₹22 Cr

Dec 2025₹30 Cr

Mar 2026₹21 Cr

Jun 2026₹26 Cr

India Glycols Ltd · INDIAGLYCO

Sep 2021₹37 Cr

Dec 2021₹24 Cr

Mar 2022₹67 Cr

Jun 2022₹28 Cr

Sep 2022₹24 Cr

Dec 2022₹50 Cr

Mar 2023₹40 Cr

Jun 2023₹51 Cr

Sep 2023₹38 Cr

Dec 2023₹42 Cr

Mar 2024₹42 Cr

Jun 2024₹60 Cr

Sep 2024₹50 Cr

Dec 2024₹57 Cr

Mar 2025₹64 Cr

Jun 2025₹73 Cr

Sep 2025₹65 Cr

Dec 2025₹68 Cr

Mar 2026₹87 Cr

Jun 2026—

Piccadily Agro Industries Ltd · PICCADIL

Sep 2021₹9 Cr

Dec 2021₹2 Cr

Mar 2022₹6 Cr

Jun 2022₹8 Cr

Sep 2022₹3 Cr

Dec 2022₹7 Cr

Mar 2023₹5 Cr

Jun 2023₹11 Cr

Sep 2023₹11 Cr

Dec 2023₹44 Cr

Mar 2024₹43 Cr

Jun 2024₹13 Cr

Sep 2024₹25 Cr

Dec 2024₹25 Cr

Mar 2025₹40 Cr

Jun 2025₹18 Cr

Sep 2025₹27 Cr

Dec 2025₹48 Cr

Mar 2026₹45 Cr

Jun 2026—

Radico Khaitan Ltd · RADICO

Sep 2021₹73 Cr

Dec 2021₹79 Cr

Mar 2022₹50 Cr

Jun 2022₹62 Cr

Sep 2022₹54 Cr

Dec 2022₹61 Cr

Mar 2023₹43 Cr

Jun 2023₹68 Cr

Sep 2023₹65 Cr

Dec 2023₹75 Cr

Mar 2024₹54 Cr

Jun 2024₹75 Cr

Sep 2024₹81 Cr

Dec 2024₹95 Cr

Mar 2025₹92 Cr

Jun 2025₹131 Cr

Sep 2025₹140 Cr

Dec 2025₹155 Cr

Mar 2026₹179 Cr

Jun 2026₹230 Cr

Som Distilleries & Breweries Ltd · SDBL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹11 Cr

Mar 2023₹16 Cr

Jun 2023₹34 Cr

Sep 2023₹15 Cr

Dec 2023₹18 Cr

Mar 2024₹20 Cr

Jun 2024₹41 Cr

Sep 2024₹19 Cr

Dec 2024₹22 Cr

Mar 2025₹24 Cr

Jun 2025₹42 Cr

Sep 2025₹20 Cr

Dec 2025₹5 Cr

Mar 2026₹-57 Cr

Jun 2026—

Sula Vineyards Ltd · SULA⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022₹39 Cr

Mar 2023₹14 Cr

Jun 2023₹14 Cr

Sep 2023₹23 Cr

Dec 2023₹43 Cr

Mar 2024₹14 Cr

Jun 2024₹15 Cr

Sep 2024₹14 Cr

Dec 2024₹28 Cr

Mar 2025₹13 Cr

Jun 2025₹2 Cr

Sep 2025₹6 Cr

Dec 2025₹9 Cr

Mar 2026₹9 Cr

Jun 2026—

Tilaknagar Industries Ltd · TI

Sep 2021₹11 Cr

Dec 2021₹10 Cr

Mar 2022₹23 Cr

Jun 2022₹1 Cr

Sep 2022₹14 Cr

Dec 2022₹76 Cr

Mar 2023₹59 Cr

Jun 2023₹26 Cr

Sep 2023₹37 Cr

Dec 2023₹44 Cr

Mar 2024₹31 Cr

Jun 2024₹40 Cr

Sep 2024₹58 Cr

Dec 2024₹54 Cr

Mar 2025₹77 Cr

Jun 2025₹89 Cr

Sep 2025₹53 Cr

Dec 2025₹-105 Cr

Mar 2026₹-15 Cr

Jun 2026₹32 Cr

United Breweries Ltd · UBL

Sep 2021₹80 Cr

Dec 2021₹91 Cr

Mar 2022₹163 Cr

Jun 2022₹162 Cr

Sep 2022₹134 Cr

Dec 2022₹-2 Cr

Mar 2023₹10 Cr

Jun 2023₹136 Cr

Sep 2023₹107 Cr

Dec 2023₹86 Cr

Mar 2024₹82 Cr

Jun 2024₹174 Cr

Sep 2024₹132 Cr

Dec 2024₹39 Cr

Mar 2025₹98 Cr

Jun 2025₹184 Cr

Sep 2025₹46 Cr

Dec 2025₹81 Cr

Mar 2026₹102 Cr

Jun 2026—

United Spirits Ltd · UNITDSPR

Sep 2021₹286 Cr

Dec 2021₹295 Cr

Mar 2022₹179 Cr

Jun 2022₹261 Cr

Sep 2022₹548 Cr

Dec 2022₹214 Cr

Mar 2023₹103 Cr

Jun 2023₹477 Cr

Sep 2023₹339 Cr

Dec 2023₹350 Cr

Mar 2024₹241 Cr

Jun 2024₹485 Cr

Sep 2024₹341 Cr

Dec 2024₹335 Cr

Mar 2025₹421 Cr

Jun 2025₹417 Cr

Sep 2025₹464 Cr

Dec 2025₹418 Cr

Mar 2026₹539 Cr

Jun 2026₹463 Cr

Profit growth · reported quarter history

Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Allied Blenders & Distillers Ltd · ABDL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024336%

Dec 2024—

Mar 2025—

Jun 2025409%

Sep 202531%

Dec 202512%

Mar 2026-52%

Jun 2026-20%

Associated Alcohols & Breweries Ltd · ASALCBR⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 202533%

Sep 2025-6.7%

Dec 20253.9%

Mar 20269.1%

Jun 2026-25%

G M Breweries Ltd · GMBREW⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023-12%

Mar 2024149%

Jun 202425%

Sep 20240.0%

Dec 2024-4.4%

Mar 2025-31%

Jun 20254.0%

Sep 202559%

Dec 202591%

Mar 2026-10%

Jun 202646%

Globus Spirits Ltd · GLOBUSSPR

Sep 2021—

Dec 2021—

Mar 2022-3.9%

Jun 2022-34%

Sep 2022-58%

Dec 2022-13%

Mar 2023-27%

Jun 20235.4%

Sep 2023-41%

Dec 202363%

Mar 2024-100%

Jun 2024-62%

Sep 2024-92%

Dec 2024-100%

Mar 2025—

Jun 202520%

Sep 20252,100%

Dec 2025—

Mar 2026320%

Jun 202644%

India Glycols Ltd · INDIAGLYCO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022-87%

Sep 2022-35%

Dec 2022108%

Mar 2023-40%

Jun 202382%

Sep 202358%

Dec 2023-16%

Mar 20245.0%

Jun 202418%

Sep 202432%

Dec 202436%

Mar 202552%

Jun 202522%

Sep 202530%

Dec 202519%

Mar 202636%

Jun 2026—

Piccadily Agro Industries Ltd · PICCADIL

Sep 2021—

Dec 2021—

Mar 2022200%

Jun 2022-33%

Sep 2022-67%

Dec 2022250%

Mar 2023-17%

Jun 202338%

Sep 2023267%

Dec 2023529%

Mar 2024760%

Jun 202418%

Sep 2024127%

Dec 2024-43%

Mar 2025-7.0%

Jun 202538%

Sep 20258.0%

Dec 202592%

Mar 202613%

Jun 2026—

Radico Khaitan Ltd · RADICO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 20221.6%

Sep 2022-26%

Dec 2022-23%

Mar 2023-14%

Jun 20239.7%

Sep 202320%

Dec 202323%

Mar 202426%

Jun 202410%

Sep 202425%

Dec 202427%

Mar 202570%

Jun 202575%

Sep 202573%

Dec 202563%

Mar 202695%

Jun 202676%

Som Distilleries & Breweries Ltd · SDBL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 202371%

Mar 202425%

Jun 202421%

Sep 202427%

Dec 202422%

Mar 202520%

Jun 20252.4%

Sep 20255.3%

Dec 2025-77%

Mar 2026-338%

Jun 2026—

Sula Vineyards Ltd · SULA⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 20239.4%

Mar 2024-4.9%

Jun 20246.9%

Sep 2024-37%

Dec 2024-35%

Mar 2025-3.8%

Jun 2025-87%

Sep 2025-58%

Dec 2025-68%

Mar 2026-34%

Jun 2026—

Tilaknagar Industries Ltd · TI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 202227%

Dec 2022660%

Mar 2023157%

Jun 20232,500%

Sep 2023164%

Dec 2023-42%

Mar 2024-47%

Jun 202454%

Sep 202457%

Dec 202423%

Mar 2025148%

Jun 2025123%

Sep 2025-8.6%

Dec 2025-294%

Mar 2026-119%

Jun 2026-64%

United Breweries Ltd · UBL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022423%

Sep 202268%

Dec 2022-102%

Mar 2023-94%

Jun 2023-16%

Sep 2023-20%

Dec 2023—

Mar 2024720%

Jun 202428%

Sep 202423%

Dec 2024-55%

Mar 202520%

Jun 20255.8%

Sep 2025-65%

Dec 2025108%

Mar 20264.1%

Jun 2026—

United Spirits Ltd · UNITDSPR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022422%

Sep 202292%

Dec 2022-27%

Mar 2023-42%

Jun 202383%

Sep 2023-38%

Dec 202364%

Mar 2024134%

Jun 20241.7%

Sep 20240.6%

Dec 2024-4.3%

Mar 202575%

Jun 2025-14%

Sep 202536%

Dec 202525%

Mar 202628%

Jun 202611%

09 · compare level, then change

Return On Capital Employed

United Spirits Ltd has the highest ROCE among the 14 Alcoholic Beverages companies compared here, at 26.4%. Radico Khaitan Ltd is next at 24.2%. Jagatjit Industries Ltd has the highest ROCE change at +9 percentage points, so level and change sit with different companies. 14 of 14 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: United Spirits Ltd leads ROCE at 26.4%, 2.2 percentage points above Radico Khaitan Ltd. Jagatjit Industries Ltd has the strongest latest improvement at +9 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderUnited Spirits Ltd · 26.4%

Gap9.1% versus #2 · Radico Khaitan Ltd

Persistence4/8 recent comparable periods

Coverage14/14 companies · 189 observations

Investor read: United Spirits Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

ROCEhighest

1United Spirits Ltd UNITDSPR26%

2Radico Khaitan Ltd RADICO24%

3Allied Blenders & Distillers Ltd ABDL18%

4Associated Alcohols & Breweries Ltd ASALCBR⚠ unverified18%

5G M Breweries Ltd GMBREW⚠ unverified18%

ROCE changefastest improvers

1Jagatjit Industries Ltd JAGAJITIND+9.0 pp

2Globus Spirits Ltd GLOBUSSPR+7.4 pp

3Radico Khaitan Ltd RADICO+6.9 pp

4IFB Agro Industries Ltd IFBAGRO⚠ unverified+4.8 pp

5G M Breweries Ltd GMBREW⚠ unverified+3.7 pp

Return on capital · company comparison

14/14 level · 14/14 change

All-company data · latest reported quarter

Company	ROCE	ROCE change	Reported
United Spirits Ltd UNITDSPR	28%	+0.8 pp	Jun 2026
Radico Khaitan Ltd RADICO	24%	+6.9 pp	Jun 2026
Allied Blenders & Distillers Ltd ABDL	24%	+1.2 pp	Jun 2026
G M Breweries Ltd GMBREW⚠ unverified	22%	+3.7 pp	Jun 2026
Piccadily Agro Industries Ltd PICCADIL	21%	+1.9 pp	Mar 2026
Associated Alcohols & Breweries Ltd ASALCBR⚠ unverified	18%	−5.4 pp	Jun 2026
Globus Spirits Ltd GLOBUSSPR	15%	+7.4 pp	Jun 2026
United Breweries Ltd UBL	12%	−2.2 pp	Mar 2026
India Glycols Ltd INDIAGLYCO	11%	−0.4 pp	Mar 2026
Sula Vineyards Ltd SULA⚠ unverified	9.1%	−7.3 pp	Mar 2026
IFB Agro Industries Ltd IFBAGRO⚠ unverified	8.5%	+4.8 pp	Jun 2026
Tilaknagar Industries Ltd TI	6.9%	−18.0 pp	Jun 2026
Som Distilleries & Breweries Ltd SDBL⚠ unverified	6.2%	−11.0 pp	Mar 2026

Full 20-quarter history · every available company

ROCE · reported quarter history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Allied Blenders & Distillers Ltd · ABDL

Sep 2021—

Dec 2021—

Mar 20225.0%

Jun 2022—

Sep 2022—

Dec 2022—

Mar 202312%

Jun 2023—

Sep 2023—

Dec 202331%

Mar 202430%

Jun 202434%

Sep 202416%

Dec 202430%

Mar 202522%

Jun 202538%

Sep 202524%

Dec 202529%

Mar 202624%

Jun 2026—

Associated Alcohols & Breweries Ltd · ASALCBR⚠ unverified

Sep 202129%

Dec 2021—

Mar 202221%

Jun 2022—

Sep 202217%

Dec 2022—

Mar 202311%

Jun 2023—

Sep 202312%

Dec 2023—

Mar 202413%

Jun 2024—

Sep 202415%

Dec 2024—

Mar 202520%

Jun 202523%

Sep 202518%

Dec 202521%

Mar 202616%

Jun 202618%

G M Breweries Ltd · GMBREW⚠ unverified

Sep 202118%

Dec 2021—

Mar 202215%

Jun 2022—

Sep 202216%

Dec 2022—

Mar 202316%

Jun 2023—

Sep 202316%

Dec 202320%

Mar 202412%

Jun 202425%

Sep 202412%

Dec 202424%

Mar 202512%

Jun 202518%

Sep 202513%

Dec 202522%

Mar 202616%

Jun 202622%

Globus Spirits Ltd · GLOBUSSPR

Sep 202134%

Dec 2021—

Mar 202229%

Jun 2022—

Sep 202220%

Dec 2022—

Mar 202317%

Jun 2023—

Sep 202316%

Dec 2023—

Mar 20248.9%

Jun 20247.7%

Sep 20245.2%

Dec 20245.4%

Mar 20255.5%

Jun 20257.1%

Sep 20257.9%

Dec 202512%

Mar 202612%

Jun 202615%

India Glycols Ltd · INDIAGLYCO

Sep 20215.7%

Dec 2021—

Mar 20226.5%

Jun 2022—

Sep 20226.7%

Dec 2022—

Mar 20237.8%

Jun 2023—

Sep 20239.5%

Dec 202311%

Mar 20249.8%

Jun 202412%

Sep 20249.8%

Dec 202412%

Mar 202511%

Jun 202514%

Sep 202512%

Dec 202514%

Mar 202611%

Jun 2026—

Piccadily Agro Industries Ltd · PICCADIL

Sep 202119%

Dec 2021—

Mar 202221%

Jun 2022—

Sep 202215%

Dec 2022—

Mar 202315%

Jun 2023—

Sep 202319%

Dec 202337%

Mar 202431%

Jun 202445%

Sep 202421%

Dec 202432%

Mar 202520%

Jun 202528%

Sep 2025—

Dec 202527%

Mar 202621%

Jun 2026—

Radico Khaitan Ltd · RADICO

Sep 202119%

Dec 2021—

Mar 202216%

Jun 2022—

Sep 202214%

Dec 2022—

Mar 202311%

Jun 2023—

Sep 202312%

Dec 202315%

Mar 202414%

Jun 202415%

Sep 202415%

Dec 202417%

Mar 202517%

Jun 202521%

Sep 202521%

Dec 202525%

Mar 202624%

Jun 2026—

Som Distilleries & Breweries Ltd · SDBL⚠ unverified

Sep 2021-2.2%

Dec 2021—

Mar 20220.8%

Jun 2022—

Sep 202213%

Dec 2022—

Mar 202315%

Jun 2023—

Sep 202316%

Dec 202322%

Mar 202418%

Jun 202422%

Sep 202420%

Dec 202422%

Mar 202517%

Jun 202519%

Sep 202517%

Dec 202517%

Mar 20266.2%

Jun 2026—

Sula Vineyards Ltd · SULA⚠ unverified

Sep 2021—

Dec 2021—

Mar 202216%

Jun 2022—

Sep 2022—

Dec 2022—

Mar 202322%

Jun 2023—

Sep 202324%

Dec 202329%

Mar 202423%

Jun 202425%

Sep 202421%

Dec 202420%

Mar 202516%

Jun 202515%

Sep 202513%

Dec 202510%

Mar 20269.1%

Jun 2026—

Tilaknagar Industries Ltd · TI

Sep 20219.7%

Dec 2021—

Mar 202216%

Jun 2022—

Sep 202214%

Dec 2022—

Mar 202320%

Jun 2023—

Sep 202319%

Dec 202328%

Mar 202421%

Jun 202426%

Sep 202423%

Dec 202424%

Mar 202525%

Jun 202533%

Sep 202514%

Dec 202511%

Mar 20266.9%

Jun 2026—

United Breweries Ltd · UBL

Sep 202112%

Dec 2021—

Mar 202213%

Jun 2022—

Sep 202218%

Dec 2022—

Mar 202310%

Jun 2023—

Sep 20238.3%

Dec 202311%

Mar 202412%

Jun 202415%

Sep 202414%

Dec 202414%

Mar 202514%

Jun 202515%

Sep 202512%

Dec 202514%

Mar 202612%

Jun 2026—

United Spirits Ltd · UNITDSPR

Sep 202127%

Dec 2021—

Mar 202226%

Jun 2022—

Sep 202225%

Dec 2022—

Mar 202319%

Jun 2023—

Sep 202322%

Dec 202327%

Mar 202424%

Jun 202429%

Sep 202422%

Dec 202427%

Mar 202528%

Jun 202528%

Sep 202519%

Dec 202528%

Mar 202624%

Jun 202628%

ROCE change · reported quarter history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Allied Blenders & Distillers Ltd · ABDL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023+6.8 pp

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024+17.7 pp

Jun 2024—

Sep 2024—

Dec 2024−1.5 pp

Mar 2025−7.1 pp

Jun 2025+3.2 pp

Sep 2025+8.0 pp

Dec 2025−1.0 pp

Mar 2026+1.2 pp

Jun 2026—

Associated Alcohols & Breweries Ltd · ASALCBR⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−12.4 pp

Dec 2022—

Mar 2023−10.2 pp

Jun 2023—

Sep 2023−4.2 pp

Dec 2023—

Mar 2024+1.9 pp

Jun 2024—

Sep 2024+2.7 pp

Dec 2024—

Mar 2025+6.6 pp

Jun 2025—

Sep 2025+3.4 pp

Dec 2025—

Mar 2026−3.3 pp

Jun 2026−5.4 pp

G M Breweries Ltd · GMBREW⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−2.3 pp

Dec 2022—

Mar 2023+1.1 pp

Jun 2023—

Sep 2023+0.6 pp

Dec 2023—

Mar 2024−3.9 pp

Jun 2024—

Sep 2024−4.0 pp

Dec 2024+3.9 pp

Mar 2025−0.3 pp

Jun 2025−6.7 pp

Sep 2025+1.1 pp

Dec 2025−1.2 pp

Mar 2026+4.3 pp

Jun 2026+3.7 pp

Globus Spirits Ltd · GLOBUSSPR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−14.7 pp

Dec 2022—

Mar 2023−12.4 pp

Jun 2023—

Sep 2023−4.1 pp

Dec 2023—

Mar 2024−7.9 pp

Jun 2024—

Sep 2024−10.4 pp

Dec 2024—

Mar 2025−3.4 pp

Jun 2025−0.6 pp

Sep 2025+2.7 pp

Dec 2025+6.8 pp

Mar 2026+6.2 pp

Jun 2026+7.4 pp

India Glycols Ltd · INDIAGLYCO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+1.0 pp

Dec 2022—

Mar 2023+1.3 pp

Jun 2023—

Sep 2023+2.8 pp

Dec 2023—

Mar 2024+2.0 pp

Jun 2024—

Sep 2024+0.3 pp

Dec 2024+1.4 pp

Mar 2025+1.6 pp

Jun 2025+1.9 pp

Sep 2025+2.0 pp

Dec 2025+1.3 pp

Mar 2026−0.4 pp

Jun 2026—

Piccadily Agro Industries Ltd · PICCADIL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−4.2 pp

Dec 2022—

Mar 2023−6.3 pp

Jun 2023—

Sep 2023+4.2 pp

Dec 2023—

Mar 2024+15.8 pp

Jun 2024—

Sep 2024+2.4 pp

Dec 2024−4.5 pp

Mar 2025−11.3 pp

Jun 2025−17.0 pp

Sep 2025—

Dec 2025−5.0 pp

Mar 2026+1.9 pp

Jun 2026—

Radico Khaitan Ltd · RADICO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−5.1 pp

Dec 2022—

Mar 2023−4.8 pp

Jun 2023—

Sep 2023−2.0 pp

Dec 2023—

Mar 2024+2.7 pp

Jun 2024—

Sep 2024+3.6 pp

Dec 2024+1.8 pp

Mar 2025+3.6 pp

Jun 2025+5.2 pp

Sep 2025+5.9 pp

Dec 2025+7.8 pp

Mar 2026+6.9 pp

Jun 2026—

Som Distilleries & Breweries Ltd · SDBL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+15.2 pp

Dec 2022—

Mar 2023+13.7 pp

Jun 2023—

Sep 2023+3.0 pp

Dec 2023—

Mar 2024+3.1 pp

Jun 2024—

Sep 2024+3.9 pp

Dec 2024+0.6 pp

Mar 2025−0.4 pp

Jun 2025−2.6 pp

Sep 2025−3.4 pp

Dec 2025−5.4 pp

Mar 2026−11.0 pp

Jun 2026—

Sula Vineyards Ltd · SULA⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023+5.6 pp

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024+1.0 pp

Jun 2024—

Sep 2024−2.2 pp

Dec 2024−8.6 pp

Mar 2025−6.1 pp

Jun 2025−9.4 pp

Sep 2025−8.4 pp

Dec 2025−9.6 pp

Mar 2026−7.3 pp

Jun 2026—

Tilaknagar Industries Ltd · TI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+4.7 pp

Dec 2022—

Mar 2023+4.1 pp

Jun 2023—

Sep 2023+4.9 pp

Dec 2023—

Mar 2024+1.5 pp

Jun 2024—

Sep 2024+4.1 pp

Dec 2024−4.0 pp

Mar 2025+3.7 pp

Jun 2025+7.3 pp

Sep 2025−9.8 pp

Dec 2025−13.4 pp

Mar 2026−18.0 pp

Jun 2026—

United Breweries Ltd · UBL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022+5.9 pp

Dec 2022—

Mar 2023−2.6 pp

Jun 2023—

Sep 2023−9.9 pp

Dec 2023—

Mar 2024+1.4 pp

Jun 2024—

Sep 2024+5.2 pp

Dec 2024+2.8 pp

Mar 2025+2.2 pp

Jun 2025−0.1 pp

Sep 2025−1.8 pp

Dec 2025+0.1 pp

Mar 2026−2.2 pp

Jun 2026—

United Spirits Ltd · UNITDSPR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022−1.7 pp

Dec 2022—

Mar 2023−7.2 pp

Jun 2023—

Sep 2023−3.2 pp

Dec 2023—

Mar 2024+5.1 pp

Jun 2024—

Sep 2024+0.2 pp

Dec 2024−0.7 pp

Mar 2025+4.6 pp

Jun 2025−1.6 pp

Sep 2025−2.9 pp

Dec 2025+1.9 pp

Mar 2026−4.6 pp

Jun 2026+0.8 pp

10 · compare level, then change

Valuation Against Growth & Quality

India Glycols Ltd has the lowest PEG among the 14 Alcoholic Beverages companies compared here, at 0.77×. Piccadily Agro Industries Ltd is next at 1.75×. G M Breweries Ltd has the lowest P/E at 14.9×, so level and change sit with different companies. 5 of 14 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: India Glycols Ltd has the lowest comparable PEG at 0.77×, 56% below Piccadily Agro Industries Ltd. Only 5 of 14 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderIndia Glycols Ltd · 0.77×

Gap56% versus #2 · Piccadily Agro Industries Ltd

Persistence0/8 recent comparable periods

Coverage5/14 companies · 46 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

PEGlowest PEG

1India Glycols Ltd INDIAGLYCO0.8

2Piccadily Agro Industries Ltd PICCADIL1.8

3Radico Khaitan Ltd RADICO1.9

4United Spirits Ltd UNITDSPR3.1

5Allied Blenders & Distillers Ltd ABDL4.1

P/Elowest P/E

1G M Breweries Ltd GMBREW⚠ unverified14.9

2IFB Agro Industries Ltd IFBAGRO⚠ unverified15.4

3Associated Alcohols & Breweries Ltd ASALCBR⚠ unverified18.5

4Globus Spirits Ltd GLOBUSSPR25.6

5India Glycols Ltd INDIAGLYCO26.3

Valuation · company comparison

5/14 level · 14/14 change

All-company data · latest reported quarter

Company	PEG	P/E	Reported
United Breweries Ltd UBL	10.3	98.1	Mar 2026
Allied Blenders & Distillers Ltd ABDL	4.1	76.0	Jun 2026
United Spirits Ltd UNITDSPR	3.1	51.9	Jun 2026
Radico Khaitan Ltd RADICO	1.9	83.1	Jun 2026
Piccadily Agro Industries Ltd PICCADIL	1.8	39.0	Mar 2026
India Glycols Ltd INDIAGLYCO	0.8	20.6	Mar 2026
Tilaknagar Industries Ltd TI	0.6	42.4	Jun 2026
Globus Spirits Ltd GLOBUSSPR	—	27.4	Jun 2026
G M Breweries Ltd GMBREW⚠ unverified	—	16.8	Jun 2026
Associated Alcohols & Breweries Ltd ASALCBR⚠ unverified	—	19.5	Jun 2026
Som Distilleries & Breweries Ltd SDBL⚠ unverified	—	15.7	Mar 2026
Sula Vineyards Ltd SULA⚠ unverified	—	40.5	Mar 2026
IFB Agro Industries Ltd IFBAGRO⚠ unverified	—	14.9	Jun 2026
Jagatjit Industries Ltd JAGAJITIND	—	29.0	Mar 2026

Full 20-quarter history · every available company

PEG · reported quarter history

Allied Blenders & Distillers Ltd · ABDL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024—

Dec 2024—

Mar 2025—

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 20264.1

India Glycols Ltd · INDIAGLYCO

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 20240.3

Sep 20240.5

Dec 20240.6

Mar 20250.3

Jun 20251.3

Sep 20250.6

Dec 20251.4

Mar 20260.8

Jun 2026—

Piccadily Agro Industries Ltd · PICCADIL

Sep 20210.5

Dec 20210.4

Mar 20220.3

Jun 2022—

Sep 20221.4

Dec 2022—

Mar 2023—

Jun 20230.6

Sep 20237.3

Dec 2023—

Mar 2024—

Jun 20244.0

Sep 2024—

Dec 2024—

Mar 2025—

Jun 20252.9

Sep 20252.8

Dec 2025—

Mar 20261.8

Jun 2026—

Radico Khaitan Ltd · RADICO

Sep 20211.6

Dec 20211.9

Mar 20222.3

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 20249.1

Jun 20244.8

Sep 20245.5

Dec 20245.9

Mar 20254.9

Jun 20253.3

Sep 20251.9

Dec 2025—

Mar 2026—

Jun 2026—

Tilaknagar Industries Ltd · TI

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 20240.7

Dec 20240.8

Mar 20250.6

Jun 2025—

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

United Breweries Ltd · UBL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 20245.9

Sep 20243.5

Dec 2024—

Mar 20254.1

Jun 202510.3

Sep 2025—

Dec 2025—

Mar 2026—

Jun 2026—

United Spirits Ltd · UNITDSPR

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 20231.4

Jun 2023—

Sep 20238.6

Dec 2023—

Mar 202411.3

Jun 2024—

Sep 20245.9

Dec 20246.7

Mar 20254.5

Jun 2025—

Sep 20254.3

Dec 20252.7

Mar 20262.2

Jun 20263.1

P/E · reported quarter history

Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Allied Blenders & Distillers Ltd · ABDL

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 2022—

Mar 2023—

Jun 2023—

Sep 2023—

Dec 2023—

Mar 2024—

Jun 2024—

Sep 2024182.6

Dec 2024213.3

Mar 202575.4

Jun 202561.1

Sep 202560.0

Dec 202566.8

Mar 202641.4

Jun 202676.0

Associated Alcohols & Breweries Ltd · ASALCBR⚠ unverified

Sep 202170.3

Dec 202184.4

Mar 202279.0

Jun 202272.9

Sep 202286.3

Dec 202270.7

Mar 202353.5

Jun 202365.9

Sep 202377.7

Dec 202380.3

Mar 202478.1

Jun 2024110.3

Sep 2024156.0

Dec 2024174.5

Mar 2025231.2

Jun 202525.0

Sep 202519.6

Dec 202520.3

Mar 202614.5

Jun 202619.5

G M Breweries Ltd · GMBREW⚠ unverified

Sep 202111.2

Dec 202115.1

Mar 202214.0

Jun 202210.9

Sep 202211.4

Dec 202210.9

Mar 20239.8

Jun 202310.3

Sep 202312.9

Dec 202312.9

Mar 20247.7

Jun 20249.3

Sep 202413.6

Dec 202412.0

Mar 202511.0

Jun 202512.9

Sep 202512.5

Dec 202521.2

Mar 202618.1

Jun 202616.8

Globus Spirits Ltd · GLOBUSSPR

Sep 202122.5

Dec 202120.8

Mar 202224.1

Jun 202214.9

Sep 202213.8

Dec 202213.6

Mar 202312.6

Jun 202320.4

Sep 202314.2

Dec 202314.2

Mar 202413.6

Jun 202415.7

Sep 202449.2

Dec 202441.0

Mar 2025168.3

Jun 2025118.1

Sep 2025119.5

Dec 202561.9

Mar 202631.4

Jun 202627.4

India Glycols Ltd · INDIAGLYCO

Sep 202111.2

Dec 202114.1

Mar 202215.3

Jun 202210.6

Sep 202215.7

Dec 202215.5

Mar 202313.3

Jun 202317.4

Sep 202316.5

Dec 202316.5

Mar 202413.7

Jun 202415.8

Sep 202420.9

Dec 202420.8

Mar 202516.4

Jun 202527.4

Sep 202521.2

Dec 202524.5

Mar 202620.6

Jun 2026—

Piccadily Agro Industries Ltd · PICCADIL

Sep 20218.7

Dec 202110.9

Mar 202212.0

Jun 202212.0

Sep 202214.3

Dec 202221.0

Mar 202317.8

Jun 202329.2

Sep 202342.1

Dec 202377.8

Mar 202459.4

Jun 202479.7

Sep 202478.7

Dec 202490.9

Mar 202550.3

Jun 202552.8

Sep 202558.9

Dec 202548.8

Mar 202639.0

Jun 2026—

Radico Khaitan Ltd · RADICO

Sep 202140.7

Dec 202156.6

Mar 202241.8

Jun 202241.9

Sep 202252.8

Dec 202255.0

Mar 202370.1

Jun 202373.3

Sep 202371.0

Dec 202393.5

Mar 202492.0

Jun 202491.1

Sep 2024102.5

Dec 2024119.7

Mar 2025106.3

Jun 2025100.8

Sep 202595.5

Dec 202595.6

Mar 202666.7

Jun 202683.1

Som Distilleries & Breweries Ltd · SDBL⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022-44.4

Jun 202217.8

Sep 202230.0

Dec 202222.3

Mar 202322.4

Jun 202332.5

Sep 202339.6

Dec 202329.3

Mar 202424.7

Jun 202425.9

Sep 202424.1

Dec 202421.4

Mar 202524.8

Jun 202532.8

Sep 202526.7

Dec 202521.7

Mar 202615.7

Jun 2026—

Sula Vineyards Ltd · SULA⚠ unverified

Sep 2021—

Dec 2021—

Mar 2022—

Jun 2022—

Sep 2022—

Dec 202250.0

Mar 202355.2

Jun 202345.6

Sep 202344.8

Dec 202346.5

Mar 202449.5

Jun 202445.3

Sep 202443.1

Dec 202440.3

Mar 202532.1

Jun 202536.6

Sep 202538.9

Dec 202539.1

Mar 202640.5

Jun 2026—

Tilaknagar Industries Ltd · TI

Sep 2021-442.8

Dec 2021110.6

Mar 202287.6

Jun 202232.0

Sep 202242.1

Dec 202250.1

Mar 202339.1

Jun 202335.5

Sep 202338.2

Dec 202339.4

Mar 202429.9

Jun 202434.2

Sep 202436.1

Dec 202443.4

Mar 202523.8

Jun 202529.4

Sep 202530.8

Dec 202533.6

Mar 202631.4

Jun 202642.4

United Breweries Ltd · UBL

Sep 2021164.5

Dec 2021125.3

Mar 2022112.9

Jun 2022108.1

Sep 202290.9

Dec 202281.7

Mar 202376.8

Jun 2023118.6

Sep 2023132.3

Dec 2023165.9

Mar 2024135.5

Jun 2024128.1

Sep 2024128.9

Dec 2024113.7

Mar 2025120.4

Jun 2025113.8

Sep 2025100.9

Dec 2025112.9

Mar 202698.1

Jun 2026—

United Spirits Ltd · UNITDSPR

Sep 202184.3

Dec 202174.5

Mar 202271.4

Jun 202257.7

Sep 202252.8

Dec 202256.1

Mar 202345.8

Jun 202363.4

Sep 202359.1

Dec 202363.3

Mar 202464.9

Jun 202465.5

Sep 202482.3

Dec 202479.9

Mar 202569.4

Jun 202563.0

Sep 202558.8

Dec 202559.3

Mar 202650.6

Jun 202651.9

11 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Alcoholic Beverages comparison names 5 specific ways its own evidence can mislead, all listed below. All 14 companies here report on comparable dates, so no rank carries a stale marker. 5 draw at least one figure from a second feed with too little overlap to cross-check. A high growth rate can still be a low-base artefact.

Keep these limits visible

A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
5 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.

12 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 14 Alcoholic Beverages companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-31. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company

Market dataThrough 2026-07-31 · weekly price and relative-strength history

Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.

Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.

Source standing8 cross-checked · 6 unverified · 0 withheld, of 14 graded companies.

How a second data feed is admitted, and what happens when it disagrees

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.

13 · questions investors ask, short speakable answers

Alcoholic Beverages company comparison FAQs

These 24 answers restate the Alcoholic Beverages comparison above in question form. Every one is computed from the same 14 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-31. Nothing here is estimated, and none of it is a recommendation.

Is the Alcoholic Beverages sector outperforming NIFTY 500?

Which Alcoholic Beverages company is largest by revenue?

United Spirits Ltd leads with revenue of ₹12,626 crore, based on 14 of 14 comparable companies through Jun 2026.

Which Alcoholic Beverages company is growing fastest?

Tilaknagar Industries Ltd has the fastest current revenue growth at 100%, across 14 of 14 comparable companies.

Which Alcoholic Beverages company has the strongest 4-Factor Sector Score?

Radico Khaitan Ltd ranks first at 78.6/100 with 100% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Alcoholic Beverages company has the lowest comparable PEG?

India Glycols Ltd has the lowest comparable PEG at 0.77, among 5 of 14 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Alcoholic Beverages comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

What is the Nifty Alcoholic Beverages index?

The Nifty Alcoholic Beverages index tracks India's listed Alcoholic Beverages companies as a single basket. This page follows the same 14 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Alcoholic Beverages sector rather than to its largest constituent. Figures are as of Jun 2026.

Which are the best Alcoholic Beverages stocks in India?

Ranked by this page's four-factor score, Radico Khaitan Ltd places first among 14 listed Alcoholic Beverages companies, followed by G M Breweries Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Alcoholic Beverages stocks are listed in India?

This comparison covers 14 listed Alcoholic Beverages companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

Which Alcoholic Beverages company is the biggest?

United Spirits Ltd is the largest, with trailing-twelve-month revenue of ₹12,626 crore, ahead of United Breweries Ltd at ₹9,240 crore. That covers 14 of 14 companies with comparable reporting through Jun 2026.

Which Alcoholic Beverages company has the best profit margins?

G M Breweries Ltd has the highest operating margin at 23%, from 14 of 14 comparable companies. Radico Khaitan Ltd shows the biggest recent improvement, at +6 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Alcoholic Beverages company makes the most profit?

United Spirits Ltd earns the most, at ₹1,884 crore of trailing-twelve-month net profit, from 14 of 14 comparable companies. Globus Spirits Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Alcoholic Beverages company earns the highest return on capital?

United Spirits Ltd leads on return on capital employed at 26.4%, across 14 of 14 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Alcoholic Beverages stock is the cheapest?

On PEG — where a LOWER number is cheaper — India Glycols Ltd screens cheapest at 0.77×. Only 5 of 14 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Is the Alcoholic Beverages sector beating the market?

Alcoholic Beverages has underperformed NIFTY 500 by 6.6% over the last 52 weeks and 1.6% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 6 of 14 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Alcoholic Beverages stock has the strongest price momentum?

Radico Khaitan Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Alcoholic Beverages company scores highest for research priority?

Radico Khaitan Ltd scores 78.6 out of 100 with 100% evidence confidence, from 31.2 points on growth and earnings, 20.6 on capital efficiency, 7.2 on valuation and 19.6 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Alcoholic Beverages companies does this comparison cover, and over what period?

It compares 14 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Alcoholic Beverages sector?

The 14 Alcoholic Beverages companies on this page carry ₹2,60,305 crore of combined market value. United Spirits Ltd is the largest at ₹1,10,259 crore, about 42% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.

What is the Alcoholic Beverages sector's P/E ratio?

The median price-to-earnings ratio across the 14 Alcoholic Beverages companies on this page is 53.2×, measured on the 14 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-08-05.

How is the Alcoholic Beverages sector performing?

6 of the 14 covered Alcoholic Beverages companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 6.6% behind NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.