United Spirits Q3 Profit Down 4.3% to Rs 335 Crore
By Rediff Money Desk, New Delhi Jan 23, 2025 20:17
United Spirits Ltd (USL) reported a 4.3% decline in consolidated net profit to Rs 335 crore in Q3 FY25, impacted by higher expenses and severance costs. Revenue grew to Rs 7,732 crore.
New Delhi, Jan 23 (PTI) United Spirits Ltd on Thursday reported a 4.3 per cent decline in consolidated net profit at Rs 335 crore in the December quarter, impacted by higher expenses and severance costs related to a closed unit.
The company had posted a consolidated net profit of Rs 350 crore in the corresponding quarter last fiscal, United Spirits Ltd (USL) said in a regulatory filing.
Consolidated revenue from operations in the quarter under review was Rs 7,732 crore against Rs 6,962 crore in the year-ago period, it added.
Total expenses during the quarter were higher at Rs 7,256 crore compared to Rs 6,555 crore a year ago.
During the quarter ended December 31, 2024, the company has recognised a charge of Rs 65 crore under exceptional items, towards severance costs relating to a closed unit, USL said.
USL CEO & Managing Director Hina Nagarajan said, "Amidst a moderate but sequentially improving demand environment, we have delivered a quarter in line with our aspirations buoyed by the festive season and fast scale-up in the state of Andhra Pradesh."
On the outlook, she said, "Looking ahead, we remain cautiously optimistic in the short-term while remaining committed to the long-term potential of the India consumer story.
The company had posted a consolidated net profit of Rs 350 crore in the corresponding quarter last fiscal, United Spirits Ltd (USL) said in a regulatory filing.
Consolidated revenue from operations in the quarter under review was Rs 7,732 crore against Rs 6,962 crore in the year-ago period, it added.
Total expenses during the quarter were higher at Rs 7,256 crore compared to Rs 6,555 crore a year ago.
During the quarter ended December 31, 2024, the company has recognised a charge of Rs 65 crore under exceptional items, towards severance costs relating to a closed unit, USL said.
USL CEO & Managing Director Hina Nagarajan said, "Amidst a moderate but sequentially improving demand environment, we have delivered a quarter in line with our aspirations buoyed by the festive season and fast scale-up in the state of Andhra Pradesh."
On the outlook, she said, "Looking ahead, we remain cautiously optimistic in the short-term while remaining committed to the long-term potential of the India consumer story.
Source: PTI
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