Page 7 - United Spirits

United Spirits falls over 6% after Diageo issues profit warning

Diageo, which has operations across 180 countries, said it expected currency effects to knock 175 million pounds off net sales

After 2 yrs of muted sales, United Spirits eyes double-digit growth in FY19

Lower working capital intensity, healthy operating cash flows, and non-core asset sales helped bring down the overall debt by about Rs 8 billion to Rs 32.7 billion in FY18

USL faces headwind as concerns over GST on extra neutral alcohol remain

While the stock has gained, analysts say investors should be cautious, given regulatory headwinds and valuations

United Spirits Q3 profit slips 9% to Rs 1.3 bn on the back of market change

Shares of United Spirits on Tuesday settled at Rs 3,750.75 apiece on BSE, down 0.79% from previous close

United Spirits allots NCDs worth Rs 750 cr on private placement basis

The tenure of the debentures is three years and the interest offered is 7.5 per cent per annum

United Spirits results lift liquor stocks

Shares of all liquor makers rose on Friday after United Spirits (USL) reported higher than expected growth in profit and margins.The strong showing by the Diageo-owned company indicated the sector was able to weather the storm created by the ban on sale of liquor on highways and the new goods and services tax (GST).USL shares rose 23 per cent at one, the highest in a day over four years, after it reported an 84 per cent increase in net profit, a 57 per cent jump in earnings before interest taxes, depreciation and amortisation (Ebitda) and a 631 basis points increase in Ebitda margins for the quarter ended September. The stock ended with a 17.6 per cent gain, at Rs 3,029. Shares of Globus Spirits gained 16 per cent, while Pioneer Distilleries and GM Breweries gained 10 per cent each."In spite of the GST and highway ban issues, United Spirits delivered an impressive 14 per cent year-on-year Ebitda growth in the financial year's first half. Further, improving cash flows and a reducing ...

United Spirits Q2 net profit jumps 85% to Rs 153 crore

The liquor major had posted a net profit of Rs 82.5 crore in the same period last fiscal

Liquor stocks gain after Supreme Court clarifies on Highway liquor ban

United Spirits, Globus Spirits, GM Breweries, Pincon Spirit and Radico Khaitan were up in the range

United Spirits extends rally post Q4 results; up 22% in one week

The stock moved higher by 5.4% to Rs 2,470, extending its over 16% rally in past four trading days.

United Spirits: Premium brands aid Q4 show

Investors cheered a healthy operational performance by United Spirits Ltd (USL) in the March quarter (Q4) and pushed the stock up 11 per cent intra-day on Wednesday. Despite a fall in overall volumes and sales, higher value products grouped under the prestige and above segment (brands such as McDowell's No 1, Royal Challenge, Signature) grew at a healthy clip. This segment contributes 58 per cent to total revenue and has helped offset a decline in the entry or popular segment. A host of factors, including prohibition in Bihar, demonetisation and the highway ban issue pulled down revenue of the popular segment. A strong show by the prestige and above segment reflects the continuing trend of premiumisation, which has helped operating profit. Even as revenue fell 1.1 per cent to ~2,014 crore, margins expanded 730 basis points (bps) to 12.6 per cent. Excluding one-offs, sales grew a decent seven per cent. Gross margin improvement and lower employee and other expenses aided profit. This, ..

United Spirits rallies 10% on improved EBITDA margins

The stock rallied 10% to Rs 2,305 on BSE in intra-day trade on back of heavy volumes.

United Spirits extends gain on good Q3 earnings

The stock rallied nearly 6% to Rs 2,194 in intra-day trade, extending its previous week's 9% gain on the BSE

United Spirits pare early gains to fall 6%

The stock was up 1% at Rs 2,104, falling nearly 6% from its early morning high on the BSE

United Spirits extends rally on heavy volumes

The stock rallied nearly 6% to Rs 2,199, extending its Tuesday's over 5% surge on the BSE.

United Spirits hits 52-week low

Post Q2FY17 results, in past six trading sessions the stock fallen 10% against 2% fall in S&P BSE Sensex.

Liquor shares in focus; Pioneer Distilleries surges over 50% in four sessions

United Spirits, Globus Spirits, Som Distilleries, Empee Distilleries and GM Breweries were up between 5%-8%

United Spirits Ltd to shed 300 jobs

Company wants to align its resources to meet its goals of becoming a trusted and respected consumer goods company

Outlook subdued for United Spirits

Concerns persist on volume growth due to liquor bans in states

United Spirits officials face ED heat

They are facing probe transfer of Rs 4,000 crore by the company in 2007 to its overseas arm based in British Virgin Islands

USL to cut debt by up to Rs 2 ,000 cr in 2 yrs

Diageo-controlled liquor firm United Spirits Ltd (USL) is looking to reduce its debt by up to Rs 2,000 crore in the next two years through various measures that include sale of shares and properties earlier owned by embattled businessman Vijay Mallya."We are looking at a debt reduction of Rs 1,000-2,000 crore in the next two years. On an annualised basis, it would be around Rs 1,000-odd crore," USL chief financial officer Sanjeev Churiwala told analysts in a conference call on Friday.USL has an outstanding debt of over Rs 4,000 crore as on March 31, 2016.Churiwala said the company will consider steps, including divesting 13 properties earlier owned by embattled liquor baron Vijay Mallya and sale of USL shares currently under litigation with IDBI Bank."Sales of 13 properties would fetch around Rs 500-700 crore," Churiwala said.Mallya, however, has the first right to buy the properties as a part of the deal he had signed with Diageo in February to exit from USL.In February Mallya, resign