Select liquor stocks have rewarded investors handsomely over the past year. Backed by strong premiumization trends, resilient demand in semi-urban, urban and rural markets, and focused portfolio expansion, several companies in the alcoholic beverage segment have posted outsized returns. Here’s a look at three liquor stocks that delivered more than 60 percent returns in the past 12 months.
A key trend driving this growth is the shift in consumer preference towards premium and higher-quality products. Instead of opting for low-cost options, more people are now choosing craft beers, premium whiskies, and flavoured spirits, even if they come at a higher price. This move towards premiumisation is helping liquor companies improve their margins and expand their product offerings.
In addition to changing tastes, liquor companies are expanding their presence beyond metros and Tier-1 cities. They are actively growing their distribution in Tier-2 and Tier-3 towns, supported by better policy clarity and a more stable tax environment in many states. This wider reach is helping companies grow faster and plan for the long term.
1. Radico Khaitan Ltd
One of India’s oldest liquor manufacturers, Radico Khaitan, has transformed from a bulk spirits supplier to a leading IMFL player with a strong premium brand portfolio. The company made a strategic pivot in 1997 by launching its first in-house brand, 8PM Whisky, which quickly became a millionaire brand.
Today, it operates multiple premium offerings across categories, including whisky, vodka, rum, and gin, and has steadily strengthened its position in the branded liquor space. Radico Khaitan currently commands a market capitalization of Rs. 38,114.76 crore. Its stock trades at Rs. 2,846.10, having surged 70.40 percent over the past one year.
2. Allied Blenders & Distillers Ltd
Allied Blenders and Distillers is India’s largest domestic spirits company by annual volumes. The company is best known for its flagship brand Officer’s Choice Whisky, and has a broad product portfolio spanning five major liquor categories.
With 37 manufacturing units comprising bottling plants and distilleries, ABD has a widespread production footprint and a strong rural presence. It continues to invest in new launches, premiumization, and brand marketing.
ABDL has a market capitalization of Rs. 13,765.94 crore, with the stock currently trading at Rs. 492.15. Over the last one year, it has delivered an impressive return of 63.48 percent.
3. Tilaknagar Industries Ltd
Tilaknagar Industries, with a legacy of over 90 years, has emerged as a strong force in the Indian IMFL market, particularly in the brandy segment. Originally founded as Maharashtra Sugar Mills in 1933, the company now owns the popular Mansion House and Courrier Napoleon brandies.
It also has offerings in whisky, rum, and gin categories and has recently entered the premium space with Monarch Legacy Edition Brandy. Its wide manufacturing presence across 12 states supports its strong distribution network.
Tilaknagar Industries has a market cap of Rs. 9,524.01 crore. Its stock currently trades at Rs. 491.45, having delivered a stellar 102.99 percent return over the past year.
Written By Manan Gangwar
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