The Diageo-owned booze giant outperformed the Street forecast with a 14.4% growth in revenue to ₹3,433 crore. On the BSE, shares of United Spirits Ltd. closed at ₹1,500.85, up ₹42.65, or 2.92%.
United Spirits Ltd., a liquor company owned by Diageo, announced a 4.3% year-over-year (YoY) decline in net profit for the third quarter that concluded on December 31, 2024, at ₹335 crore on Thursday, January 23.
United Spirits reported a net profit of ₹350.2 crore for the quarter of the previous fiscal year. For the quarter in question, a profit of ₹405 crore was forecast by the CNBC-TV18 survey.
In comparison to ₹6,962 crore in the same time last year, the company’s consolidated revenue from operations in the reviewed quarter was ₹7,732 crore. Consolidated net revenues for the firm rose 14.4% to ₹3,433 crore from ₹3,002 crore in the same period last year.
In the current fiscal year’s quarter, EBITDA climbed 17% to ₹568 crore from ₹486.5 crore in the previous fiscal year’s quarter. An EBITDA of ₹594 crore was projected by the CNBC-TV18 survey.
In the reporting quarter, the EBITDA margin was 16.6%, up from 16.2% in the third quarter of FY24. Earnings before interest, depreciation, and amortization is known as EBITDA. For the quarter in question, a margin of 17.6% was anticipated by the CNBC-TV18 survey.
Like its standalone company, United Spirits reported a 14.4% YoY increase in consolidated net sales in Q3 FY24, hitting ₹3,433 crore. The prestige and above sector accounted for 89.2% of the ₹3,432 crore in net sales on a standalone basis.
Rapid scaling in Andhra Pradesh and strong customer demand during the busiest holiday season drove a 14.8% increase in total net sales, while the prestige & above sector witnessed a 16.1% increase. Due to value-righting initiatives and duty reductions in important countries, the well-liked division had a 9.6% increase in net sales.
Due to productivity gains and consistent sales growth management, the gross margin increased by 131 basis points to 44.7%. Eleven percent of net sales went toward advertising and promotion (A&P) costs.
After the market hours ended, the findings were released. On the BSE, shares of United Spirits Ltd. closed at ₹1,500.85, up ₹42.65, or 2.92%.
