MOSL: THE CORNER OFFICE (UNITED SPIRITS) — Significant challenges on the horizon-Valuations fair
​THE CORNER OFFICE (United Spirits) — Significant challenges on the horizon; Valuations fair, maintain Neutral
Mr Anand Kripalu —MD & CEO
Mr Anand Kripalu has served as the Chief Executive Officer and Managing Director at United Spirits since September 1, 2014. He has been a Director of United Spirits since August 14, 2014. A Bachelor in Electronics from the Indian Institute of Technology, Madras, and an MBA from the Indian Institute of Management, Calcutta, Mr Kripalu has a rich experience of over 24 years in the FMCG industry.
He has served as President of Asian Operations at Cadbury, President of South Asia and Indo-China at Mondelez India Foods, Managing Director of Cadbury Schweppes Asia-Pacific, and served the Unilever Group for over two decades. With Unilever, his key stints include setting up of the Dental Innovation Center at Mumbai, Head of Market Research, Head of Marketing for the Laundry category for both India and the Central Asia Middle East Region, General Manager of Sales & Customer Development for HLL Lifecare, and Managing Director for Unilever's East African Operations.
- The ban on sale of alcoholic beverages along highways is likely to impact the business up to 3QFY18. A favorable hearing in July to a petition filed by the Restaurant Owners Association of Tamil Nadu could help mitigate the impact.
- UNSP is confident of an improvement in the long-term pricing environment. The longer-term margin growth potential remains intact, mainly led by continued mix improvements. UNSP believes franchising of Popular brands is a win-win situation for both parties.
- In our recent report on Alcoholic Beverages, we had pointed out the risks emanating from a host of factors like (a) the impact of GST implementation on profitability, and (b) the impact of ban on sale of alcoholic beverages along highways and the prohibition decrees by various states on volumes.
United Spirits is engaged in the business of manufacture, purchase, sale and distribution of alcoholic beverages, mainly, whiskey, brandy and rum. Co. is the flagship company of the UB Group Spirits Business. Co. conducts its activities in the Indian Made Foreign Liquor (IMFL) industry segment through Tie-up manufacturing/brand franchise. Co. maintains a portfolio of 60 brands, sourced through its manufacturing network which comprises 12 owned distilleries and 27 contracted sources of supply. Co.'s brand names include, Black Dog, Single Malt, No. 1 McDowell's brandy, Caesar, Red Riband, White Mischief, Celebration XXX, Old Cask, etc.
Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.
Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.
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