United Spirits Ltd

United Spirits Ltd Share Price

United Spirits Ltd (USL) is an Indian alcoholic beverages company that is majority-owned by Diageo plc, a British multinational alcoholic beverages company. USL was founded in 1999 and is headquartered in Bangalore, India. In 2012, Diageo acquired a controlling 54.8% stake in USL, making it the majority owner. Diageo later increased its stake to 55.2% in 2013. The company reported net sales of over ₹10,200 crore (approximately $1.4 billion) for the fiscal year 2021-22. It is one of the leading liquor companies in the Indian market. USL has a large distribution network across India, with access to over 2.5 million retail outlets. It operates 80 bottling plants across the country. Check out the share price of United Spirits Limited for more insights.

United Spirits Ltd Business Segments

• The company remains optimistic about growth, driven by sustained investments in its brands, belief in innovation, and the long-term potential of the Indian consumer market.
• United Spirits’ product portfolio includes Indian-made foreign liquor such as whisky, brandy, rum, vodka, gin, and wine. Notable brands under their umbrella include Johnnie Walker, McDowells, Signature, and Smirnoff.

Key Personnel of United Spirits Ltd

Hina Nagarajan - CEO and Managing Director 
Hina Nagarajan was appointed CEO and Managing Director of United Spirits Ltd. in July 2021. Over a 20-year period, she served in various leadership roles at Diageo, including Managing Director for Diageo's Africa Regional Markets. She is considered an experienced and well-respected leader in the Indian alcoholic beverage market.

Management Outlook of United Spirits Ltd

• USL is focused on premiumizing its product portfolio and expanding its presence in the fast-growing premium and super-premium spirits segments.
• It is also looking to expand into new spirit categories like gin, vodka, and craft whisky to cater to evolving consumer preferences.

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Highlights of United Spirits Ltd Quarterly Results

United Spirits Ltd. Announces Q3FY24 Quarterly Results

• Consolidated net profit of ₹350.2 crore for the October-December quarter, which is a 63% increase compared to the same period in the previous year when it was ₹214.2 crore.
•  In Q3FY24, the consolidated revenue from operations were at ₹6,962 crore, reflecting a 5.3% YoY growth. 
• Earnings Before Interest Tax Depreciation and Amortisation (EBITDA): The EBITDA for the October-to-December quarter was ₹487 crore, representing a 30.8% YoY increase