United Spirits Q1 FY25 Consol PAT Rises 1.7% to Rs 485 Cr

United Spirits on Tuesday, July 23, reported a 1.7% year-on-year rise in its consolidated net profit to Rs 485 crore for the first quarter ending June 2024. The company had posted a consolidated net profit of Rs 477 crore in the year-ago period.

 

Key Takeaways from United Spirit’s Financial Performance

  • United Spirits reported a 1.7% Y-o-Y rise in its consolidated net profit to Rs 485 crore for the first quarter ending June 2024.
  • The company’s consolidated revenue from operations stood at Rs 6,238 crore in the first quarter of the current fiscal.
  • The total expenses in the first quarter were higher at Rs 5,619 crore.

 

The company’s consolidated revenue from operations stood at Rs 6,238 crore in the first quarter of the current fiscal compared to Rs 5,808 crore it reported a year earlier.

 

The total expenses in the first quarter were higher at Rs 5,619 crore as against Rs 5,173 crore in the corresponding period of the last fiscal year.

 

The company commenced FY25 with a steady performance in the first quarter, United Spirits Limited CEO and Managing Director Hina Nagarajan commented on the results. 

 

"Our renovation and innovation offerings are rolling out progressively with an encouraging response," Nagarajan said.

 

Looking ahead, Nagarajan added, "We remain focused on enhancing the long-term competitiveness of our portfolio, and to sustainably deliver in a soft demand environment and harness every opportunity to create long-term value for all our stakeholders.”

 

About United Spirits Limited

Diageo India, founded in India as United Spirits Limited, is the country's major beverage alcohol corporation and a subsidiary of worldwide leader Diageo PLC. The corporation produces, sells, and distributes a diverse range of premium brands, including Johnnie Walker, Black Dog, Black & White, VAT 69, Antiquity, Signature, Royal Challenge, McDowell's No.1, Smirnoff, and Captain Morgan.

 

United Spirits Limited offers a diverse brand portfolio that includes over 80 Scotch whiskies, IMFL whiskies, brandy, rum, vodka, and gin. There are nine brands that sell more than a million cases each year, with one selling more than 25 million cases yearly.

 

With a 25% market share, USL leads the Indian spirits sector. It is the world's second-biggest spirits company. In the Indian whisky market, the business holds a nearly 45% market share. In India, more than 60% of alcohol sales are whisky.

 

The company operates around 37 production sites throughout India and a 70,000-spot distribution network. USL and the well-known MasterChef Heston Blumenthal worked together to recreate the pleasure of sharing Black & White as part of the company's portfolio restructuring plan. 


In 2013, Diageo PLC acquired the majority of the shares. Over the following several years, it began reorganising the business by selling off non-core assets. Among other things, Heineken purchased the whole ownership of United Breweries (UB).Since then, Diageo PLC has introduced new products with an eye on the luxury spirit market. Over time, it has also worked on improving working capital management and decreased debt. Currently, Diageo PLC owns around 56% of the company's shares.

 

Read More About United Spirits Ltd Share Price Here!

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