Latest news with #Diageo-controlled
Economic Times
3 days ago
- Business
- Economic Times
United Spirits shares in focus after Q1 profit drops 14% despite revenue growth
Shares of United Spirits are set to be in focus on Thursday after the Diageo-controlled liquor maker posted a 14% decline in consolidated net profit to Rs 417 crore for the June quarter of FY26, even as revenues inched higher on steady growth in its core beverage alcohol and sports businesses. ADVERTISEMENT United Spirits Ltd (USL) reported on Wednesday that its net profit for the quarter ended June 30 fell from Rs 485 crore a year earlier to Rs 417 crore, according to a regulatory filing. Revenue from operations rose marginally to Rs 6,295 crore, up from Rs 6,238 crore in the corresponding period last fiscal, while total expenses increased 2.79% to Rs 5,776 crore. The company said its June quarter EBITDA was Rs 644 crore, down 9.7%, largely due to a one-off indirect tax item impact and relatively higher A&P in the standalone business. Income from USL's beverage alcohol segment climbed 8.37% to Rs 2,549 crore. Its sports subsidiary, Royal Challengers Sports Private Ltd (RCSPL), which owns the RCB teams in the IPL and WPL, posted a 15.73% rise in revenue to Rs 478 net sales value grew 9.4% to Rs 3,021 crore, driven by the 8.4% growth in the standalone business and 15.7% reported growth of the sports business housed in the 100% subsidiary RCSPL, the company said. ADVERTISEMENT The Prestige & Above segment contributed 88.3% of net sales in the quarter, while the Popular segment, accounting for 9.8% of net sales, grew 13.6%. Total income was Rs 6,367 crore, up 1.5% year-on-year. Unlock 500+ Stock Recos on App 'We delivered a resilient quarter with the Prestige & Above portfolio sustaining its growth momentum, while cycling a high prior year base. The quarter also marked the completion of the Nao Spirits acquisition,' said Managing Director and CEO Praveen Someshwar. ADVERTISEMENT USL, which owns brands such as McDowell's, Royal Challenge, Signature, Johnnie Walker and Black Dog, saw its shares close at Rs 1,306.80 on the BSE on Wednesday, up 0.71%. The stock has fallen 21% so far in 2025 and is down 3.6% over the past month. Also read | Nykaa shares rally 5% as brokerages turn more bullish post Q1 results. Should you buy, sell or hold? ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
3 days ago
- Business
- Time of India
United Spirits shares in focus after Q1 profit drops 14% despite revenue growth
Shares of United Spirits are set to be in focus on Thursday after the Diageo-controlled liquor maker posted a 14% decline in consolidated net profit to Rs 417 crore for the June quarter of FY26, even as revenues inched higher on steady growth in its core beverage alcohol and sports businesses. United Spirits Ltd (USL) reported on Wednesday that its net profit for the quarter ended June 30 fell from Rs 485 crore a year earlier to Rs 417 crore, according to a regulatory filing. Revenue from operations rose marginally to Rs 6,295 crore, up from Rs 6,238 crore in the corresponding period last fiscal, while total expenses increased 2.79% to Rs 5,776 crore. Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Undo The company said its June quarter EBITDA was Rs 644 crore, down 9.7%, largely due to a one-off indirect tax item impact and relatively higher A&P in the standalone business. Business performance Income from USL's beverage alcohol segment climbed 8.37% to Rs 2,549 crore. Its sports subsidiary, Royal Challengers Sports Private Ltd (RCSPL), which owns the RCB teams in the IPL and WPL, posted a 15.73% rise in revenue to Rs 478 crore. Live Events Consolidated net sales value grew 9.4% to Rs 3,021 crore, driven by the 8.4% growth in the standalone business and 15.7% reported growth of the sports business housed in the 100% subsidiary RCSPL, the company said. The Prestige & Above segment contributed 88.3% of net sales in the quarter, while the Popular segment, accounting for 9.8% of net sales, grew 13.6%. Total income was Rs 6,367 crore, up 1.5% year-on-year. Management view 'We delivered a resilient quarter with the Prestige & Above portfolio sustaining its growth momentum, while cycling a high prior year base. The quarter also marked the completion of the Nao Spirits acquisition,' said Managing Director and CEO Praveen Someshwar. USL, which owns brands such as McDowell's, Royal Challenge , Signature, Johnnie Walker and Black Dog, saw its shares close at Rs 1,306.80 on the BSE on Wednesday, up 0.71%. The stock has fallen 21% so far in 2025 and is down 3.6% over the past month. Also read | Nykaa shares rally 5% as brokerages turn more bullish post Q1 results. Should you buy, sell or hold? ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Yahoo
20-06-2025
- Business
- Yahoo
United Spirits to buy control of India's Nao Spirits
Diageo-controlled United Spirits is acquiring a 'majority controlling stake' in Indian distiller Nao Spirits. The deal, valued at around Rs1.3bn ($15.2m), will see United Spirits initially own 97.07% of New Delhi-based Nao Spirits. United Spirits initially acquired a 22.5% stake in the maker of Hapusa and Greater Than gin three years ago. The following year, United Spirits, in which Diageo owns a majority stake, bought a further 7.5%. In a stock exchange filing yesterday (19 June), United Spirits said it will purchase 37,683 shares from investors in Nao Spirits in two tranches for around Rs538m. The company will also invest approximately Rs560m through a fresh subscription of 31,820 equity shares and 27,577 compulsorily convertible preference shares (CCPS). Upon the completion of the first tranche and the new share issuance, United Spirits will hold the 97.07% stake. A second tranche, to be finalised later, will increase United Spirits' ownership to 100%. The United Spirits board has also approved an additional investment of up to Rs200m in Nao Spirits through equity or CCPS to support its working capital and business needs. Praveen Someshwar, the MD and CEO of United Spirits, who took on the role in January and is a former PepsiCo executive, called the Nao Spirits deal a 'pivotal step in exploring future growth opportunities in Indian craft spirits'. Nao Spirits was launched in 2016 by Anand Virmani and is one of India's emerging 'craft' gin companies. Its Greater Than and Hapusa gin brands are made with Indian spices and botanicals. Virmani said the investment will help Nao Spirits 'scale further with the support of Diageo India's seasoned leadership, distribution network and production capabilities'. Bengaluru-based United Spirits has 35 manufacturing facilities across the country. It produces, markets and distributes brands including Johnnie Walker, Black Dog, Royal Challenge, McDowell's No1, and Smirnoff. In April, United Spirits took a 15% stake in Inspired Hospitality, an Indian producer that owns agave-spirit brand Pistola, for Rs56m. "United Spirits to buy control of India's Nao Spirits" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
