<p>New Delhi: Diageo-controlled liquor maker United Spirits Ltd on Tuesday reported a 63.5 per cent rise in its consolidated net profit to Rs 350.2 crore for the third quarter ended December 2023.</p><p>The company had posted a net profit of Rs 214.2 crore in the October-December quarter a year ago, according to a regulatory filing from United Spirits Ltd (USL).</p><p>Its revenue from operations rose 5.32 per cent to Rs 6,9620 crore during the quarter under review. It was Rs 6,609.8 crore in the corresponding period of the previous fiscal.</p><p>The sales growth was "driven by continued premiumisation and resilient consumer demand," said an earning statement from USL.</p><p>USL's total expenses in the December quarter inched up 3.6 per cent to Rs 6,554.7 crore.</p><p>The total income of USL, which has brands like McDowell’s, Royal Challenge, Signature, Johnnie Walker, and Black Dog in its fold, increased 5.77 per cent to Rs 7,014.1 crore.</p>.Cipla stocks jump over 7% after earnings announcement.<p>USL CEO and MD Hina Nagarajan said: "We have delivered a resilient quarter in a challenging macro environment. While the sequential demand momentum was relatively muted, reassuringly, the premiumisation trend continues".</p><p>Its consumer engagement remained high with a slew of festivals, the cricket World Cup and peak wedding season. The focus on continuous improvement and value chain productivity is reflected in the performance, she added.</p><p>Over the outlook, Nagarajan said: "Looking ahead, we remain cautiously optimistic on growth on the back of sustained investments in our brands, belief in our innovation and renovation pipeline and the long-term India consumer potential".</p><p>Shares of United Spirits Ltd on Tuesday closed at Rs 1,107.85 apiece on BSE, down 0.07 per cent from the previous close.</p>
<p>New Delhi: Diageo-controlled liquor maker United Spirits Ltd on Tuesday reported a 63.5 per cent rise in its consolidated net profit to Rs 350.2 crore for the third quarter ended December 2023.</p><p>The company had posted a net profit of Rs 214.2 crore in the October-December quarter a year ago, according to a regulatory filing from United Spirits Ltd (USL).</p><p>Its revenue from operations rose 5.32 per cent to Rs 6,9620 crore during the quarter under review. It was Rs 6,609.8 crore in the corresponding period of the previous fiscal.</p><p>The sales growth was "driven by continued premiumisation and resilient consumer demand," said an earning statement from USL.</p><p>USL's total expenses in the December quarter inched up 3.6 per cent to Rs 6,554.7 crore.</p><p>The total income of USL, which has brands like McDowell’s, Royal Challenge, Signature, Johnnie Walker, and Black Dog in its fold, increased 5.77 per cent to Rs 7,014.1 crore.</p>.Cipla stocks jump over 7% after earnings announcement.<p>USL CEO and MD Hina Nagarajan said: "We have delivered a resilient quarter in a challenging macro environment. While the sequential demand momentum was relatively muted, reassuringly, the premiumisation trend continues".</p><p>Its consumer engagement remained high with a slew of festivals, the cricket World Cup and peak wedding season. The focus on continuous improvement and value chain productivity is reflected in the performance, she added.</p><p>Over the outlook, Nagarajan said: "Looking ahead, we remain cautiously optimistic on growth on the back of sustained investments in our brands, belief in our innovation and renovation pipeline and the long-term India consumer potential".</p><p>Shares of United Spirits Ltd on Tuesday closed at Rs 1,107.85 apiece on BSE, down 0.07 per cent from the previous close.</p>