United Spirits Q2 net dips 25 per cent

United Spirits, India’s largest spirits firm from the UB Group, has reported a 25 per cent decline in net profit to Rs 69.6 crore for the quarter ended September 30, compared with Rs 93 crore in the corresponding period last fiscal. The company has been hit by high cost of raw materials and the servicing of Rs 6,000 crore debt. Total income has risen 19 per cent to Rs 1,091 crore for the quarter as the company effected price increases. Volumes grew 10 per cent.