United Spirits tops Nuvama’s FMCG picks; Abneesh Roy expects fresh highs ahead

Abneesh Roy, Executive Director at Nuvama Institutional Equities, outlined four key reasons for his optimism about the alcoholic beverage sector: rising disposable incomes driven by GST cuts, stable raw material costs, the upcoming UK tax benefit in FY27, and sustained strong growth in the Andhra Pradesh market.

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