Diageo India loss rises as demand for vodka falls, spending rises2 min read . Updated: 21 Nov 2013, 01:01 AM IST
Firm reports `43.4 crore loss for nine months to 31 March, wider than `12.6 crore loss for all of 2011-12
Bangalore: Diageo India Pvt. Ltd reported a loss of ₹ 43.4 crore for the nine months to 31 March, wider than its loss of ₹ 12.6 crore for all of 2011-12, as weak demand for vodka and higher spending to promote its newest whiskey brand, Rowson’s Reserve, weighed on earnings.
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more