Top Liquor Stocks: Home-Grown Alcohol Brands Spark Big Gains in 2024

The rising popularity of home-grown alcohol brands is fueling a surge in the stock prices of Indian distilleries listed on the country’s benchmark indices. With more and more people choosing local beverages, shares of companies like Radico Khaitan and Piccadily Agro Industries have seen impressive gains in 2024. Here are the top 7 liquor stocks that have delivered the biggest returns so far this year:

1. Ravi Kumar Distilleries (RKDL) – Known for both its own liquor products and partnerships with other leading Indian liquor brands, RKDL’s stock has risen by 23.04% in 2024.
2. United Spirits – The maker of popular brands like Johnnie Walker, Antiquity, and Signature, United Spirits’ stock has soared by 30.38% this year.
3. GM Breweries – Specializing in country liquor and Indian-made foreign liquor, GM Breweries has seen its stock jump by 32.32% in 2024.
4. Radico Khaitan – Known for its Magic Moments brand, Radico Khaitan’s stock has climbed 33.31%, with notable investors like Zerodha co-founder Nikhil Kamath backing it.
5. Tilaknagar Industries – Makers of Mansion House Brandy and Courrier Napoleon Brandy, Tilaknagar’s shares have surged by 41.02% in 2024.
6. Associated Alcohols and Breweries – With a gain of 74.93%, Associated Alcohols has become one of the top performers in the liquor sector this year.
7. Piccadily Agro Industries – The biggest winner, with a staggering 164.87% return, Piccadily is best known for its award-winning Indri Single Malt.

Why the Growth?

India’s alcohol consumption is on the rise, and the country’s home-grown alcohol brands are making a name for themselves globally. With products like Piccadily’s Indri and Amrut Fusion (which won the Best Whiskey award at the International Spirits Challenge), Indian-made spirits are gaining international recognition. As a result, the Indian alcoholic beverages sector, valued at $52.4 billion, is becoming an important player in the global spirits market—and investors are taking notice.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Always consult a financial advisor before making any investment decisions.