The Economic Times

Cheers! Elara Capital sees 17% upside potential in United Breweries after Karnatakas new excise policy, heres why

Karnataka's new excise policy is set to benefit United Breweries significantly. The state is shifting to a global taxation standard, deregulating alcohol pricing. This move is expected to lead to price corrections in the economy beer segment, where United Breweries holds a substantial market share. Analysts predict a positive impact on the company's revenue and earnings.