United Spirits Ltd.'s declared an interim dividend of Rs 6 per share after releasing its financial results for quarter ended Dec. 31.
The liquor-maker saw its standalone bottom-line swell 12% year-on-year to Rs 529 crore from Rs 473 crore. Revenue also rose 5.5% to Rs 7,928 crore, compared Rs 7235 crore in Q3 FY25.
Earnings before interest, taxes, depreciation and amortisation saw an increase of 5.1% to Rs 618 crore from Rs 588 crore in the corresponding quarter of last fiscal. However, margin contracted to 16.77% from 17.13%.
The company, while announcing the Rs 6-per-share interim dividend, said it has fixed Jan. 27 as the record to determine the shareholders eligible for the dividend payout. The amount will be paid on or after Feb. 16, it said.
The company further announced that it will be increasing its shareholding in V9 Beverages Private Ltd. or 'Sober' from 15% to 25% of the equity share capital on a fully diluted basis.
"We have delivered a resilient quarter overall while navigating policy headwinds in one of our most salient markets. Strong momentum in the rest of India and at the top-end of our portfolio bodes well," said Praveen Someshwar, the company's managing director and CEO.
"We continue to make robust investments in our trademarks and execution capabilities to sustain the long-term value for all our stakeholders,” he added.
United Spirits Q3 Highlights (Cons, YoY)
- Revenue up 2.5% at Rs 7,928 crore versus Rs 7,731 crore
- Ebitda up 5.1% at Rs 618 crore versus Rs 588 crore
- Margin at 7.8% versus 7.6%
- Net profit up 11.83% at Rs 529 crore versus Rs 473 crore
Before the quarterly results were declared, shares of United Spirits settled 0.39% lower at Rs 1,318.55 on BSE, as compared to 1.28% decline in the benchmark Sensex.
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