** Jefferies highlights key takeaways from Australian government's FY25-26 budget, which includes several measures aimed at supporting consumers and businesses alike

** Budget includes tax relief, energy bill rebates and student loan debt reduction to boost demand, brokerage says

** Highlights budget's A$39 million to fight supermarket pricing practices and A$240 million for new supermarket openings

** Jefferies sees beer excise tax freeze until August 2027 as positive for hospitality and alcohol producers

** A$157 million allocation for tobacco industry enforcement to have positive impact on Viva Energy VEA.AX, Ampol ALD.AX, Coles COL.AX and Woolies WOW.AX, Jefferies says

** Brokerage views omission of A$20,000 asset write-off for small to medium enterprises as negative for Metcash's MTS.AX Total Tools, JB Hi-Fi JBH.AX and Harvey Norman HVN.AX

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))