Liquor company United spirits today said sustained sales have pushed its net profit to Rs 129.96 crore for the third quarter ended December 31, 2010.
The company had posted a net profit of Rs 96.85 crore for the corresponding quarter last fiscal, United Spirits said in a filing to the Bombay Stock Exchange (BSE).
Total income of the company stood at Rs 1,969.40 crore for the quarter ended December 31, 2010. It was Rs 1,357.97 crore in the same period previous fiscal.
"Sales during the quarter were up 14% at 30.3 million cases, an increase of nearly 3.8 million cases over the comparable period last fiscal," USL said.
The quarter saw Balaji Distilleries merger with USL, and hence financial results for the quarter also reflect the nine-month results of BDL.
"The company's key brands, particularly at the upper end of the price ladder, continue to register healthy growth in both volume and value," it added.
The company has 20 millionaire brands (selling more than a million cases a year) in its portfolio.
Meanwhile, shares of the company today closed at Rs 1,059.85 on the Bombay Stock Exchange, down 2.81% from its previous close.
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