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Five AlcoBev stocks investors should bet on for up to 31% upside, as per AvendusAvendus wrote in its note that premiumisation is emerging as a key growth driver, with consumers increasingly upgrading to higher-quality brands and experiences. This transition is gradually shifting the industry from a volume-led story to a value-driven one, with stronger margin potential.By Meghna Sen  April 20, 2026, 9:18:27 AM IST (Updated)2 Min ReadShares of alcohol beverage companies such as United Breweries Ltd., United Spirits Ltd. and Radico Khaitan Ltd. are expected be in focus on Monday, April 20, following a bullish note from Avendus Capital.

"A standard bottle may hold only 750 ml of liquid, but in alcohol, it also carries aspiration, taxation, regulation and a surprising amount of investor interest," the brokerage said in its sector report.

Avendus said that alcohol remains one of India's most resilient consumption categories, with demand driven by habit, social occasions and rising aspirations, rather than pure necessity.

The sector also benefits from high entry barriers, including stringent state regulations, elevated taxation and tightly controlled distribution channels, which limit competition and support incumbents.

At the same time, premiumisation is emerging as a key growth driver, with consumers increasingly upgrading to higher-quality brands and experiences. This transition is gradually shifting the industry from a volume-led story to a value-driven one, with stronger margin potential.

Against this backdrop, the brokerage has initiated coverage on the Indian alcoholic beverages sector with a positive stance.

StockRatingTarget PriceUpsideUnited SpiritsBuy₹1,66227%Radico KhaitanBuy₹4,17731%Tilaknagar IndBuy₹55017%Allied BlendersBuy₹67117%United BreweriesAdd₹1,83723%

It has a 'Buy' rating on United Spirits with a target price of ₹1,662, implying an upside of 27%, and on Radico Khaitan with a target of ₹4,177, indicating a potential upside of 31%.

Avendus has also initiated 'Buy' ratings on Tilaknagar Industries with a target price of ₹550 and Allied Blenders with a target of ₹671, both implying an upside of 17%.

For United Breweries, the brokerage has assigned an 'Add' rating with a target price of ₹1,837, suggesting an upside of 23%.Continue ReadingNote To ReadersDisclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.(Edited by : Sriram Iyer)First Published: Apr 20, 2026 9:14 AM ISTTagsRadico Khaitanshare market todayUnited BreweriesUnited Spirits