Page 6 - United Spirits

Stocks to watch: Tata Steel, Hero MotoCorp, Concor, United Spirits, Grasim

Grasim Industries, India Cements, JK Paper, Mahanagar Gas and Barbeque-Nation Hospitality are among 33 companies slated to post their quarterly numbers today

United Spirits Q4 profit up four-fold to Rs 203 cr; net sales up 20%

Diageo-controlled liquor maker United Spirits Ltd on Friday reported a four-fold jump in consolidated net profit to Rs 203.3 crore for the fourth quarter ended March 2021, helped by double-digit growth in sales. The company had posted a net profit of Rs 49.3 crore in the January-March period a year ago, United Spirits Ltd (USL) said in a regulatory filing. Its revenue from operations was up 19.62 per cent to Rs 7,678.1 crore as against Rs 6,419 crore in the corresponding quarter of the previous fiscal. Diageo India outgoing MD and CEO Anand Kripalu said, "The growth momentum has returned, and our Q4 performance was strong on both topline and EBITDA. While overall net sales grew 11.6 per cent in Q4, strong Scotch performance contributed to the double-digit growth of 25.8 per cent in Prestige & Above segment." It has continued "sequential momentum, good sales mix and steady margin and cash generation", USL said. Net sales increased driven by continued off-trade momentum and weaker .

Vaishali Parekh recommends buying Hero MotoCorp, United Spirits. Check why

The RSI has indicated a trend reversal for Hero MotoCorp, showing strength, and has signaled a 'buy' to suggest further upward movement in the coming days

ICRA reaffirms AA-plus rating on United Spirits' financial instruments

ICRA has reaffirmed AA-plus rating with a stable outlook on United Spirits Ltd's (USL's) Rs 3,425 crore long-term, short-term and non-fund based financial instruments

France joins US to mount multilateral challenge on China in South China Sea

France on Friday deployed a nuclear attack submarine in the South China Sea, reported Asia Times

Here are the top trading ideas by Vaishali Parekh of Prabhudas Lilladher

The RSI indicator has indicated a trend reversal near the oversold zone to signal a buy in Hindustan Unilever (HUL) stock

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

United Spirits Q3 consolidated net profit rise nearly 21% to Rs 280.3 cr

Diageo-controlled liquor maker United Spirits Ltd (USL) on Wednesday reported a 20.82 per cent rise in consolidated net profit at Rs 280.3 crore for the third quarter ended December 2020. The company's board, on Wednesday, also approved the succession plan to appoint Hina Nagarajan as the Chief Executive Officer - Designate of the company from April 1. USL had posted a net profit of Rs 232 crore in the 2019 December quarter. The company's revenues from operations jumped 7.65 per cent to Rs 8,410.3 crore in the latest December quarter. In the year-ago period, the same stood at Rs 7,812.3 crore, according to a regulatory filing. However, total expenses climbed to Rs 8,074.5 crore in the third quarter of the current fiscal as against Rs 7,503.3 crore in the same period a year ago. "Operational resilience, contextual marketing with focus on in-home occasions and renovation of our core brands supported the top-line recovery," Diageo India MD & CEO Anand Kripalu said. The third quarter

Stocks to watch: Tata Steel, Adani Green, Vedanta, Infosys, United Spirits

Shareholders of Union Bank of India approved the bank's proposal for raising up to Rs 6,800 crore equity capital to fund business growth

United Spirits CEO Kripalu quits, Hina Nagarajan to take over from Jul 1

United Spirits Ltd (USL), a part of global liquor giant Diageo, on Thursday appointed Hina Nagarajan as the company's new CEO with effect from July 1, 2021. Incumbent Anand Kripalu will step down on June 30. Nagarajan is currently the managing director of the Africa Regional Markets (ARM) at Diageo and will join USL as the CEO-Designate from April 1, the company said, adding she will take over formally from July 1 and will be a member of the Diageo Executive Committee. She will report to John Kennedy, the president of Diageo Europe and India. Nagarajan will be based in Bengaluru and will work closely with Kripalu to ensure a smooth transition, the company said. In her current role, she leads Diageo's ARM comprising operations in Ghana, Cameroon, Ethiopia, the Indian Ocean, Angola and several other countries. Before joining Diageo, she was MD China & SVP North Asia with RB (Reckitt Benckiser). She has over 30 years of experience and held several senior marketing and general ...

More cheer for United Spirits as hard liquor sales outperform beer in Q2

Higher in-home consumption and premiumisation to benefit the Diageo-owned company

United Spirits names Pradeep Jain as CFO; Churiwala gets global role

United Spirits Ltd on Friday said its Executive Director and Chief Financial Officer (CFO) Sanjeev Churiwala will be elevated at its parent Diageo as Regional Finance Director APAC

United Spirits Q1 hit by Covid-19, analysts sceptical about early recovery

Management believes worst is behind, but analysts say recovery will be tough

United Spirits Q1 loss at Rs 246.6 cr, revenue slips 47.6% due to lockdown

Shares of United Spirits Ltd on Monday settled at Rs 590.90 apiece on the BSE, down 1.36 per cent from the previous close

Investors shouldn't ignore downside risks, high valuations of UBL

Loss of peak season sales suggests tough recovery

United Breweries' outperformance unlikely to sustain in the near term

Loss of business in peak season, higher consumption cost and lower shelf life to make recovery tougher than United Spirits

United Spirits case: Sebi slaps Rs 3 cr penalty for insider trading

Markets regulator Sebi on Tuesday imposed a penalty totalling more than Rs 3 crore on three persons for insider trading activities in the shares of United Spirits Ltd.

Market Ahead, May 27: All you need to know before the opening bell

Today, a total of 21 companies, including Dabur India, Sun Pharma, and United Spirits are scheduled to announce their results.

Vedanta, United Spirits: Why are firms opting to delist in the current mkt?

If the trading volumes shrink and the market is failing to reflect the true value of the counter in the price, the listed entity may find it to be very difficult to raise equity capital, analysts say.

Johnnie Walker maker Diageo exploring options to delist in India: Report

Diageo, the maker of Johnnie Walker whiskey and Tanqueray Gin, currently owns an about 56% stake in United Spirits after slowly building it up over several years