United Spirits Declares Interim Dividend; Share Price Rises

United Spirits Ltd.'s board approved interim dividend of Rs 4 per share, with a face value of Rs 2 for the financial year 2025 in the board meeting on Thursday. The record date to determine the eligibility of shareholders is April 3. United Spirits will pay the interim dividend on April 21, the company said in the exchange filing.

The board of the company also approved appointment of Rajesh Menon as chief operating officer, and Mili Srivastava as senior general manager, ventures. Their appointment will be effective from April 1.

Menon has 22 years of working experience, which includes 16 years at the company. His expertise lies in branding, strategy, and marketing. At present, he's serving as COO and member of the Board of Directors at Royal Challengers Sports Pvt., the exchange filing said.

Srivastava also has work experience of over 20 years. She has led the business development initiatives for the company, the exchange filing said.

United Spirits Share Price Today

United Spirits share price rose 2.53% to Rs 1,395.90. It was trading 1.73% higher at Rs 1,385.05 apiece as of 11:41 a.m., as compared to a 0.47% advance in the NSE Nifty 50.

The stock has risen 21.55% in 12 months, and declined 14.84% year-to-date. The relative strength index was at 54.27.

Out of 25 analysts tracking the company, 16 maintain a 'buy' rating, four recommend a 'hold' and five suggest 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 12.2%.