Time to raise a toast to liquor stocks? Selectively, say analysts

Shares of liquor companies have tumbled between 8 per cent and 32 per cent thus far in calendar year 2022 as raw material prices and low demand have hit breweries and distilleries. By comparison, the benchmark Nifty50 and the broader Nifty 500 indices have shed 8.6 per cent and 10.2 per cent, respectively, during this period, reveals ACE Equity data.

Analysts believe the worst may be over for the sector, with out-of-home (OOH) consumption picking up, and reduction in taxes by some state governments allowing related companies room to pass on cost pressure to consumers.

Amid these developments, Allied Blenders