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Premiumisation vs scale: JM Financial stays bullish on United Spirits, Allied Blenders despite packaging cost pressures

Posted on May 19, 2026
By Financial Express
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1 min read

Premiumisation vs scale: JM Financial stays bullish on United Spirits, Allied Blenders despite packaging cost pressures

On United Spirits, the Diageo subsidiary, JM Financial retained an 'Add' rating and raised its 12-month price target to Rs 1,445 from Rs 1,400, implying an upside of about 9% from the current price