Page 2 - United Spirits

USL extends deadline for strategic review of its liquor brands till May 31

On December 27, 2021, it had extended the deadline by three months till March 31, 2022

United Spirits Q3 profit up 27% to Rs 291 cr; net sales up 7.6%

Diageo-controlled liquor maker United Spirits Ltd on Tuesday reported a 26.62 per cent increase in consolidated net profit at Rs 291.1 crore for the third quarter ended December 2021. The company had posted a net profit of Rs 229.9 crore in the October-December period a year ago, United Spirits Ltd (USL) said in a regulatory filing. Its revenue from operations rose 7.64 per cent to Rs 8,854.5 crore, as against Rs 8,226 crore in the corresponding period of the previous fiscal. Diageo India CEO Hina Nagarajan said, "We have delivered a strong quarter, continuing the growth momentum amidst rising inflation. The broad-based growth in the Prestige & Above segment demonstrates the strength of our portfolio and the continued agility and resilience of the team." USL's net sales of 'Prestige & Above' segment increased 20 per cent with strong double-digit growth in its scotch portfolio. However, its 'Popular segment' net sales declined 1.7 per cent, while priority states were ...

Higher costs, lower volumes may sober up near-term cheer in USL

Ongoing strategic review to help improve volume, profitability in the long term

Alcohol stocks in limelight, jump up to 10%; United Spirits at record high

Pioneer Distilleries, Tilaknagar Industries, IFB Agro Industries, Khoday India, GM Breweries, Som Distilleries and United Breweries were rallied by upto 10% on the BSE in intra-day today.

United Spirits second quarter profit jumps two-fold to Rs 286 crore

During the quarter, USL's off-trade gained momentum as the second wave of the pandemic started receding, while on-trade continues to gradually recover with the easing of restrictions

Ashok Leyland, Biocon look good on charts for a rebound: Ajit Mishra

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United Spirits high on post-lockdown party; stock jumps over 7%

Its share price has risen 44% in 2021, against 21% rise in BSE FMCG index

Liquor stocks in focus; United Spirits, Pioneer Distilleries hit 52-wk high

United Breweries, Pioneer Distilleries, Globus Spirits, United Sprits and GM Breweries rallied up to 11 per cent on the BSE in intra-day trade on Wednesday

United Spirits, part of Diageo, exits liquor delivery firm Hip Bar

Hip Bar Pvt Ltd had a turnover of Rs 50 lakh in the financial year ended March 31, 2020 and its net worth was Rs 7.76 crore.

Liquor firm United Spirits Q1 posts consolidate net profit at Rs 50 crore

Diageo-controlled liquor maker United Spirits Ltd on Friday reported a consolidated net profit of Rs 50.3 crore for the quarter ended June 2021, helped by double-digit growth in sales. The company had posted a net loss of Rs 246.6 crore in the April-June period a year ago when most of the liquor shops were closed (till half of the quarter) due to the national lockdown. Its revenue from operations rose 61.44 per cent to Rs 6,168.5 crore as against Rs 3,820.7 crore in the corresponding period of the previous fiscal, United Spirits Ltd (USL) said in a regulatory filing. According to the company, the net sales increased "lapping weak prior-year comparators". "The second Covid-19 wave-induced localised lockdowns impacted the sequential recovery momentum seen over the prior quarters. Off-trade remained resilient despite restrictions," USL said in a post-earnings statement. Total expenses were at Rs 6,079.7 crore, up 50.41 per cent from Rs 4,042 crore earlier. USL's 'Prestige & Above' .

Didi says app takedown may hurt revenue, other US-listed China firms probed

Sunday's takedown order from the Cyberspace Administration of China (CAC) comes just two days after the regulator announced an investigation into Didi

Near-term headwinds could reverse United Spirits growth trajectory

Margin expansion, debt reduction and higher premium segment sales may offer some support to the stock

Stocks to watch: Tata Steel, Hero MotoCorp, Concor, United Spirits, Grasim

Grasim Industries, India Cements, JK Paper, Mahanagar Gas and Barbeque-Nation Hospitality are among 33 companies slated to post their quarterly numbers today

United Spirits Q4 profit up four-fold to Rs 203 cr; net sales up 20%

Diageo-controlled liquor maker United Spirits Ltd on Friday reported a four-fold jump in consolidated net profit to Rs 203.3 crore for the fourth quarter ended March 2021, helped by double-digit growth in sales. The company had posted a net profit of Rs 49.3 crore in the January-March period a year ago, United Spirits Ltd (USL) said in a regulatory filing. Its revenue from operations was up 19.62 per cent to Rs 7,678.1 crore as against Rs 6,419 crore in the corresponding quarter of the previous fiscal. Diageo India outgoing MD and CEO Anand Kripalu said, "The growth momentum has returned, and our Q4 performance was strong on both topline and EBITDA. While overall net sales grew 11.6 per cent in Q4, strong Scotch performance contributed to the double-digit growth of 25.8 per cent in Prestige & Above segment." It has continued "sequential momentum, good sales mix and steady margin and cash generation", USL said. Net sales increased driven by continued off-trade momentum and weaker .

Vaishali Parekh recommends buying Hero MotoCorp, United Spirits. Check why

The RSI has indicated a trend reversal for Hero MotoCorp, showing strength, and has signaled a 'buy' to suggest further upward movement in the coming days

ICRA reaffirms AA-plus rating on United Spirits' financial instruments

ICRA has reaffirmed AA-plus rating with a stable outlook on United Spirits Ltd's (USL's) Rs 3,425 crore long-term, short-term and non-fund based financial instruments

France joins US to mount multilateral challenge on China in South China Sea

France on Friday deployed a nuclear attack submarine in the South China Sea, reported Asia Times

Here are the top trading ideas by Vaishali Parekh of Prabhudas Lilladher

The RSI indicator has indicated a trend reversal near the oversold zone to signal a buy in Hindustan Unilever (HUL) stock

United Spirits slips 7% as net sales, profit fall in December quarter

The company said it is not providing quantitative guidance for fiscal 2021 as in the near-term there are still reasons to remain cautious

United Spirits Q3 consolidated net profit rise nearly 21% to Rs 280.3 cr

Diageo-controlled liquor maker United Spirits Ltd (USL) on Wednesday reported a 20.82 per cent rise in consolidated net profit at Rs 280.3 crore for the third quarter ended December 2020. The company's board, on Wednesday, also approved the succession plan to appoint Hina Nagarajan as the Chief Executive Officer - Designate of the company from April 1. USL had posted a net profit of Rs 232 crore in the 2019 December quarter. The company's revenues from operations jumped 7.65 per cent to Rs 8,410.3 crore in the latest December quarter. In the year-ago period, the same stood at Rs 7,812.3 crore, according to a regulatory filing. However, total expenses climbed to Rs 8,074.5 crore in the third quarter of the current fiscal as against Rs 7,503.3 crore in the same period a year ago. "Operational resilience, contextual marketing with focus on in-home occasions and renovation of our core brands supported the top-line recovery," Diageo India MD & CEO Anand Kripalu said. The third quarter