Friday, December 19, 2025 | 08:07 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

United Spirits Q3 profit down 9 percent, misses estimates

Image

Reuters

(Reuters) - United Spirits Ltd, India's largest liquor company, posted about 9 percent fall in third-quarter profit on Tuesday and missed estimates, hurt by higher marketing investment.

The company, majority-owned by Diageo Plc, said profit was 1.35 billion rupees ($21.17 million) in the quarter ended Dec. 31, compared with 1.48 billion rupees, a year earlier. http://bit.ly/2Bm73tF

Analysts on an average estimated a profit of 2.02 billion rupees, according to Thomson Reuters Eikon data.

($1 = 63.7700 Indian rupees)

(Reporting by Jessica Kuruthukulangara in Bengaluru; Editing by Arun Koyyur)

 

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 23 2018 | 7:35 PM IST

Explore News