Page 4 - United Spirits

Stocks to Watch today, Jan 1: Auto, Karur Vysya, PNB, Lodha, United Spirits

Stocks to Watch on Monday, January 1, 2024: The RBI has allowed ICICI Prudential Asset Management Company to acquire aggregate holding of up to 9.95 per cent in Karur Vysya Bank

Samvat 2080: Stock picks by HDFC Sec, Kotak Sec, ICICI Direct, JM Financial

Here's a list of Diwali picks recommended by top brokerage and research firms that can help you build your portfolio for Samvat 2080.

United Spirits Q2 PAT falls to Rs 339 cr, revenue declines to Rs 6,736.5 cr

Its revenue from operations was Rs 6,736.5 crore during the quarter under review. It was Rs 8,282.7 crore in the corresponding period of the previous fiscal

United Spirits rallies 7%; hits record high on healthy Q1 performance

In Q1FY24, the company's EBITDA jumped 84 per cent YoY to Rs 385 crore, margins expanded 638 bps to 17.7 per cent.

United Spirits reports net profit at Rs 477 crore for first quarter

United Spirits on Thursday reported a consolidated net profit of Rs 477 crore for the first quarter ended June 2023. The company had posted a net profit of Rs 261 crore in the April-June quarter of the last fiscal. Total income rose to Rs 5,830 crore in the first quarter. It stood at Rs 7,157 crore in the year-ago period. In a regulatory filing, United Spirits said the results of the quarter were not comparable to the June quarter of last fiscal as the company completed a slump sale of the entire business undertaking associated with 32 brands to Inbrew Beverages on September 30, 2022. United Spirits CEO & Managing Director Hina Nagarajan said the company has commenced fiscal 2024 with a robust first quarter performance. "While inflationary pressures remain, our strategy to reshape the portfolio combined with revenue growth management and focus on everyday efficiency is driving sustainable growth across the Prestige & Above segment," she added. Royal Challengers Sports, the ...

Number of crorepati employees at ITC, HUL, United Spirits up nearly 25% YoY

At ITC, the number of crorepati employees jumped by 36 per cent year-on-year to 257 in FY23 from 189 in the previous year. In HUL, 205 managers earned more than Rs 1 crore in annual salary in FY23

Spirits maker Diageo is 'positive' about the opportunity in India

Spirits maker Diageo India is "positive" about the opportunity in India and advocated for an inflation-indexed price increase and a harmonised tax structure for the liquor sector in the country. Diageo India MD & CEO Hina Nagarajan said there are frequent changes at the policy level by the state governments. "Our desired state would be if we could get inflation-indexed price increases. Even an industry which is quite regulated like pharmaceuticals gets that, so our request to the government is please look at some of these models," said Nagarajan. She is "optimistic" about this and said "hopefully" it will come as they are working along with the governments on this proposal. The British spirits maker is "positive" about the opportunity as a whole in India and advocated for placing alcohol under the GST regime, which would have collateral benefits of shutting down the illicit liquor trade, making it a far more controlled industry even for the state governments. She said ...

United Spirits Q4 results: Standalone net profit rises 7.3% to Rs 204 cr

The company's standalone revenue from operation fell 25.20 per cent to Rs 5,783 crore for the March quarter as compared to Rs 7,732 crore in the year-ago period

United Spirits Q3 net declines 27% to Rs 214 cr, income dips to Rs 6,631 cr

Diageo-controlled liquor maker United Spirits on Tuesday said its consolidated net profit declined by 27 per cent to Rs 214 crore in the third quarter ended December 31, 2022. The company had reported a net profit of Rs 295 crore in the October-December quarter of last fiscal. Total income declined to Rs 6,631 crore for the period under review as against Rs 8,917 crore in the year-ago period, United Spirits said in a regulatory filing. For the nine months ended December 31, 2022, the Bengaluru-based company reported a net profit of Rs 1,023 crore as compared with Rs 632 crore in the year-ago period. Total income declined to Rs 22,079 crore as against Rs 23,306 crore in the April-December period of last financial year, it said. "We delivered a good quarter in an extremely volatile environment, carefully navigating through the route to market changes and input commodity cost inflation," United Spirits Managing Director & CEO Hina Nagarajan said. This is the first quarter post the .

F&O Strategy: Nandish Shah recommends Bull Call Spread on Glenmark Pharma

The derivative analyst from HDFC Securities also recommends buying United Spirits November futures for a price target of Rs 940.

Vinay Rajani of HDFC Securities recommends Buy on KIMS, United Spirits

On the broader market outlook, the technical analyst sees 18,350 as the next resistance for the Nifty 50, and support at 17,800-level.

Near-term margin hangover may put a lid on United Spirits' upside

Even as brokerages are positive on the prospects of the two liquor majors, they face profitability challenges

United Spirits Q2 net profit rises 91% to Rs 548 cr, sales at Rs 8,283 cr

Diageo-controlled liquor maker United Spirits Ltd on Friday reported a 91.23 per cent increase in its consolidated net profit to Rs 547.7 crore for the second quarter ended September, helped by an exceptional gain from slump sale of its business undertaking. The company had posted a net profit of Rs 286.4 crore in the July-September quarter a year ago, United Spirits Ltd (USL) said in a regulatory filing. However, its revenue from operations was almost flat to Rs 8,282.7 crore during the quarter under review as against Rs 8,208.8 crore in the corresponding period of the previous fiscal. In its earning statement, USL said: "Growth reflects resilient consumer demand in off-trade, rebounding in on-trade and continued mix improvement." USL's profit before exceptional items and tax in the September quarter was at Rs 357.5 crore as compared to Rs 389.7 crore last year. Exceptional items primarily comprise a one-time profit of Rs 381 crores arising from the slump sale of the business ...

Can Bira 91 deal trigger gains for alcohol stocks? Here's what charts say

After an exciting 2021, shares of major alcohol manufacturers have been under pressure so far this year. Here's what charts suggest is in store for them

A sobering reality for alcobev makers despite spirited volume gains

Raw material pressures, lack of pricing power key worries for Street despite spirited volume gains

Alcohol-maker Diageo halts some whiskey sales to push for price hikes

The move to stop sales rather than see margins continue to erode is a risky bet, analysts at Mumbai-based Dolat Capital wrote last month, that could complicate the firm's pivot to premium products.

India at 75: Gupta to Mallya - 6 leaders who began well but lost their way

They started something big, different and new. But somewhere down the line, they lost their way, even landed on the wrong side of the law. Here's a look at six high-fliers who fell from grace

TCS, Infy, SBI lift Sensex 548 pts ahead of Fed outcome; Nifty tops 16,600

Stock market live updates: As of 7:45 AM, the SGX Nifty Futures quoted at 16,475 levels, indicating a downside of 8 odd-points on the Nifty50.

United Spirits Q1 profit jumps five-fold to Rs 261.1 cr, net sales up 15.6%

Commenting on the results, Diageo India CEO Hina Nagarajan said: "Our business today is ahead of pre-pandemic levels, substantiating the resilience of our category."

Regulatory overhangs to pose challenge for alcobev industry: United Spirits

Regulatory overhangs will pose challenges for the alcoholic industry though it holds potential for spirit companies in the country, United Spirits Ltd (USL) said in its latest annual report.