United Spirits shares rise 1.52% after FY27 Q1 beat; Nomura lifts target to Rs 1,600
United Spirits reported a Q1 FY27 beat, with net profit up 51.6% y/y and revenue up 6%, prompting Nomura to reiterate a buy rating and raise its target price while lifting FY27–29 EPS estimates. The note highlights regulatory-driven premiumisation tailwinds in Karnataka and prospective support from the India–UK FTA. The development is stock-specific and not a broad macro driver.
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United Spirits (ONUS) reported FY27 first-quarter results that topped expectations, with net profit up 51.6% year on year to Rs 391 crore and revenue rising 6% to Rs 2,703 crore. The stock traded 1.52% higher at Rs 1,489.50 on the day. Nomura maintained its “Buy” rating and raised its target price to Rs 1,600 from Rs 1,500, while increasing FY27–29 earnings-per-share estimates by around 3%.