United Spirits beats fourth-quarter profit estimates

(Reuters) - Indian liquor company United Spirits Ltd on Thursday reported a profit for the fourth quarter that topped analysts' expectations.

Profit came in at 2.11 billion rupees ($30.9 million) in the three months ended March 31, compared with a loss of 1.04 billion rupees a year earlier, United Spirits, majority-owned by Diageo Plc, said in a statement. https://reut.rs/2KMurW4

Analysts on average had expected a profit of 1.55 billion rupees, according to Thomson Reuters data.

Revenue from operations rose 6 percent to 69 billion rupees.

($1 = 68.3750 Indian rupees)

(Reporting By Arnab Paul and Vishal Sridhar in Bengaluru)