United Spirits Ltd Achieves 28% Growth Amid Policy Challenges
United Spirits Ltd reported a significant 28% year-on-year rise in its net profit for the March quarter of FY26. Despite adverse policy impacts in certain states, the company's overall portfolio showed a growth of 8.5% excluding Maharashtra and Andhra Pradesh. The company is optimistic about the upcoming fiscal year.
Diageo-controlled United Spirits Ltd reported a notable 28% year-on-year increase in its net profit for the March quarter of FY26, reaching Rs 539 crore. This marks a substantial rise from the Rs 421 crore net profit recorded in the same period last year.
Despite the adverse impacts of local policies in Maharashtra, the company's overall operations witnessed a 4.67% increase in revenue, amounting to Rs 6,855 crore. Excluding the affected states, the company's portfolio achieved an 8.5% growth.
The company's CEO, Praveen Someshwar, expressed confidence in continued growth, citing the recent policy changes in Karnataka and the potential UK-FTA as positive developments for the business. A final dividend of Rs 11 per share has been recommended.
(With inputs from agencies.)
Google News