Alcoholic beverages maker United Spirits Ltd on Wednesday reported a marginal increase in consolidated net profit at Rs 341 crore in the second quarter ended Sept. 30, 2024 impacted by a softer-than-expected demand environment.
The company had posted a consolidated net profit of Rs 339 crore in the same quarter of the last fiscal, United Spirits Ltd said in a regulatory filing.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
Consolidated revenue from operations in the quarter under review stood at Rs 6,672 crore, as against Rs 6,737 crore in the year-ago period, the company said.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
Total expenses were lower at Rs 6,264 crore in the July-September quarter, as compared to Rs 6,362 crore in the second quarter of the previous fiscal, it added.
"It is a muted quarter amidst a softer-than-expected demand environment," United Spirits CEO & Managing Director Hina Nagarajan said.
She, however, said the company remains buoyant entering the festive season on the back of structural tailwinds including the reopening of the business in the state of Andhra Pradesh after a gap of nearly five-years.
"This reinforces our faith in the overall health and long-term fundamentals of the spirits industry and business in India. Our key focus remains on executional excellence to deliver sustained profitable growth, while maintaining the long-term competitiveness of our portfolio," Nagarajan said.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
