United Spirits slips 7% as net sales, profit fall in December quarter

The company said it is not providing quantitative guidance for fiscal 2021 as in the near-term there are still reasons to remain cautious

Shares of United Spirits slipped 7 per cent to Rs 597 on the BSE in Thursday's intra-day trade following its December quarter numbers announcement. Despite a rebound in performance, the management remains cautiously optimistic due to continued uncertainty in the medium term. In the past one month, the stock has outperformed the market by surging 14 per cent as against a 1 per cent gain in the S&P BSE Sensex till Wednesday.

“Despite a quicker rebound than originally expected, in the near-term, there are still reasons to remain cautious and consequently, the company is not providing quantitative guidance for fiscal