Page 8 - United Spirits

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

United Spirits to reduce debt by up to Rs 2,000 crore in 2 yrs

The company has an outstanding debt of over Rs 4,000 crore as on March 31, 2016

USL writes off Rs 566-cr dues

Meanwhile, United Spirits' standalone net loss narrowed to Rs 8.99 crore for the March quarter, on account of exceptional items

United Spirits extends gain; up 10% in three days

The stock moved higher by 5% to Rs 2,600, extending its 5% gain in past two trading sessions on the BSE.

United Spirits gains on buzz of Diageo plan to hike stake

The stock was trading higher by 6% to Rs 2,495 on the BSE in otherwise weak market in noon deal.

United Spirits soars above 6% after Vijay Mallya quits as chairman

Under the agreement, the UK-based company, Diageo agreed to pay Rs 515 crore and absolve him from all the liabilities over alleged financial lapses at the firm founded by his family

As Mallya steps out, M K Sharma to take over as new USL chairman

Mallya's exit from the board of USL ended a long-drawn tussle between him and the majority owner, UK's Diageo

United Spirits gains on exit of Vijay Mallya

The stock rallied 6% to Rs 2,836 on the BSE in early morning trade.