Liquor major United Spirits Wednesday reported a 42.83 per cent increase in its standalone net profit to Rs 192.4 crore for the quarter ended December 31 backed by a healthy sales growth.
The company had posted a net profit of Rs 134.7 crore in the October-December period of 2017-18, Diageo-controlled firm said in a regulatory filing.
Its total income during the quarter under review was at Rs 7,825 crore, up 9.27 per cent, as against Rs 7,160.9 crore in the corresponding quarter of previous fiscal.
"During the quarter, overall net sales growth was 11 per cent, benefitting from lapping the impact of expected route to market changes last year, while also driven by momentum in Prestige & Above segment," USL CEO Anand Kripalu said.
Total expenses in the third quarter were up 7.78 per cent at Rs 7,506.5 crore as against Rs 6,964.5 crore in the same period last fiscal.
Shares of United Spirits today settled at Rs 581.25 apiece on BSE, down 3 per cent from the previous close.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app