May 3, 2018 / 7:08 AM / 20 days ago

BUZZ-Diageo Plc: China, India will help H2 growth - top analyst

** Credit Suisse says China and India says Diageo Plc’s H2 growth should accelerate with contributions from China and India

** Mainland China and India will contribute 2.3 pct to co’s growth in H2 vs 1.2 pct in H1, broker says

** Johnnie Walker and Smirnoff maker company said in Jan it expects currency to reduce the value of FY sales by 460 mln pounds and earnings by 60 mln pounds

** However, co left its guidance unchanged for 3 years ending 2019

** China is becoming significant growth driver, CS analyst Sanjeet Ahuja says, sees co’s India unit United Spirits Ltd contributing about 1 pct to co’s organic growth

** USL should benefit from re-stocking as well as further price increases in key states, which should finally drive double-digit growth for the first time since it was consolidated in FY15, top analyst Ahuja says

Reporting by Derek Francis

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