United Spirits shrugs off reverse turnaround in Q2 results

United Spirits rose 0.92% to Rs 2,722.25 at 12:05 IST on BSE after the company reported a net loss of Rs 27.83 crore in Q2 September 2014 compared with net profit of Rs 94.27 crore in Q2 September 2013.

The company announced Q2 results after market hours on Thursday, 13 November 2014.

Meanwhile, the S&P BSE Sensex was up 82.50 points or 0.3% at 28,023.14

On BSE, so far 18,237 shares were traded in the counter as against average daily volume of 47,690 shares in the past one quarter.

The stock hit a high of Rs 2,759.65 and a low of Rs 2,698 so far during the day. The stock had hit a record high of Rs 2,940.55 on 15 April 2014. The stock had hit a 52-week low of Rs 2,226 on 5 September 2014.

The stock had outperformed the market over the past one month till 13 November 2014, gaining 11.91% compared with the Sensex's 5.9% rise. The scrip had also outperformed the market in past one quarter, gaining 17.78% as against Sensex's 7.8% rise.

The large-cap firm has an equity capital of Rs 145.33 crore. Face value per share is Rs 10.

United Spirits' (USL) revenue rose 8.1% to Rs 2156.50 crore in Q2 September 2014 over Q2 September 2013. Volumes of USL India rose 5.8% to 29.70 million cases in Q2 September 2014 over Q2 September 2013. Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 5% to Rs 233.30 crore in Q2 September 2014 over Q2 September 2013.

Traditionally, the second quarter of the fiscal year is a lean quarter. This year was no different, company said. Sales of the prestige and the above category of brands grew 19% in volume terms to clock 9.2 million cases in Q2 September 2014 over Q2 September 2013. A continuing emphasis on driving value rather than volume led the company to realign the route to market structure in some states. As a result the overall volumes grew by 5.8% to 29.70 million cases in Q2 September 2014 over Q2 September 2013, while value grew 8.3% to Rs 2178.60 crore in Q2 September 2014 over Q2 September 2013. The prestige and the above category of brands volumes represents 31% of the total volume. It has been and will continue to be the company's endeavour to keep pushing up this share of the P&A range in its overall bran & portfolio, USL said in a statement.

USL produces alcohol beverages.

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