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United Spirits third-quarter profit surges nearly 43 percent


(Reuters) - Liquor giant United Spirits Ltd reported about 43 percent surge in third-quarter profit on Wednesday, driven by strong sales of its premium alcohol brands.The company posted a net profit of 1.92 billion rupees ($26.9 million) for the three months ended Dec. 31, compared with 1.35 billion rupees a year earlier, said United Spirits, which is majority owned by the world's largest liquor company, Diageo.The net earnings missed analysts' average estimate of 2.24 billion rupees, according to IBES data from Refinitiv.Sales from the company's 'prestige and above segment', which boasts ...

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First Published: Wed, January 23 2019. 20:03 IST