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Business News/ Markets / Stock Markets/  United Spirits Q4 result: Net profit 7.3% to 204 cr, revenue down 25%
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United Spirits Q4 result: Net profit 7.3% to ₹204 cr, revenue down 25%

The revenue from operations declined by 25 per cent to ₹5,783 crore in the March quarter as against ₹7,732 crore in the last fiscal.

products of united spirits, displayed in a wine shop in connaught place new Delhi. 31st August 2013.photographed by Ramesh PathaniaPremium
products of united spirits, displayed in a wine shop in connaught place new Delhi. 31st August 2013.photographed by Ramesh Pathania

United Spirits Ltd on Thursday reported 7.3 per cent rise in standalone net profit to 204 crore for the quarter ended March 2023. This is against a a net profit of 190 crore in the year ago period.

The revenue from operations declined by 25 per cent to 5,783 crore in the March quarter as against 7,732 crore in the last fiscal.

The total income declined to 5,799 crore for the period under review as against 7,749 crore in the year-ago period, said United Spirits in a regulatory filing.

The Bengaluru-based company also reported a 21 percent fall in its Ebitda (earnings before interest, taxes, depreciation, and amortization) to 337.4 crore from 428.6 crore in the same period last fiscal, while the EBIT margin decreased to 13.5 percent from 17.1 percent year-on-year.

The board also noted the resignation of John Thomas Kennedy as a non-executive non-independent director of the company from June 30. Consequently, he will also cease to be a member of the Audit Committee and Nomination and Remuneration Committee with effect from the aforesaid date, United Spirits added.

"We have delivered a strong year once again with robust top-line growth & resilient operating margins in an extremely volatile and inflationary environment. As an organization, we have exhibited tenacity and focus amidst macro-economic headwinds and regulatory challenges. I am pleased with the growth momentum of our Innovation and renovation offerings. The stepped up contribution in growth from the upper and mid prestige segments lend credence to our portfolio reshape strategy. This comes on the back of the successful closure of the slump sale and franchising of the strategically reviewed popular portfolio during the year. The supply chain agility programme, announced last quarter, is progressing well, in line with our overall strategy." Hina Nagarajan, CEO & Managing Director.

On Thursday, the company's scrip ended 0.15 per cent up to 797.50 on BSE.

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Published: 18 May 2023, 08:28 PM IST
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