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United Spirits standalone net profit at Rs 258.7 crores for the quarter ended September, posting a 68.97 per cent jump supported by improved sales performance. The net profit of the company in the July-September quarter a-year-ago period stood at Rs 153.1 crores.
The Diageo-controlled liquor major reported its total revenue from operations during the said quarter stood at Rs 7,128.2 crores, rising 14.70 per cent as compared to Rs 6,214.6 crore in the corresponding quarter of the previous fiscal,
As per the firm’s regulatory filing, United Spirits total expenses were registered at Rs 6,772.3 crores, jumping 12.95 per cent as compared to Rs 5,995.4 crore in the previous fiscal.
United Spirits stated, “net sales increased 14 per cent delivered through the continued strong performance of the Prestige and Above segment, an improved performance in the popular segment as well as benefiting from lapping the impact of the highway ban in the same period last year.”
“We have delivered robust gross margin improvement both in the quarter as well as the first half, driven mainly by savings from our productivity programme which more than offset the adverse impact of inflation,” USL CEO Anand Kripalu added.
