Latest news with #RCSPL
Deccan Herald
4 days ago
- Business
- Deccan Herald
United Spirits Q1 profit drops 14%
Its subsidiary Royal Challengers Sports Private Limited (RCSPL), which owns the RCB team for IPL and WPL, posted a 16% growth in revenue at Rs 478 crore compared to Rs 413 crore in the year-ago period.
Economic Times
5 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
5 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)
Mint
5 days ago
- Business
- Mint
United Spirits Q1 profit slips 14 pc to ₹417 cr; revenue at ₹6,295 cr
New Delhi, Aug 13 (PTI) Diageo-controlled liquor maker United Spirits Ltd on Wednesday reported a 14 per cent decline in its consolidated net profit to ₹ 417 crore for the June quarter of FY26. The company had posted a net profit of ₹ 485 crore a year ago, according to a regulatory filing from United Spirits Ltd (USL). Its revenue from operations was marginally up at ₹ 6,295 crore during the quarter under review. It was ₹ 6,238 crore in the corresponding period of the previous fiscal. USL's total expenses stood at ₹ 5,776 crore, up 2.79 per cent in the June quarter. In the June quarter, "EBITDA was ₹ 644 crore, down 9.7 per cent, largely due to a one-off indirect tax item impact and relatively higher A&P in the standalone business", said USL in its earnings statement. In the June quarter, USL's income from the 'Beverage alcohol' segment rose 8.37 per cent to ₹ 2,549 crore. Its sports business, Royal Challengers Sports Private Ltd (RCSPL), which owns the RCB team for IPL and WPL, registered a 15.73 per cent growth in revenue to ₹ 478 crore in the June quarter. During the quarter, USL's consolidated net sales value (NSV) rose 9.4 per cent to ₹ 3,021 crore. "This was driven by the 8.4 per cent growth in the standalone business and 15.7 per cent reported growth of the sports business housed in the 100 per cent subsidiary RCSPL," it said. The Prestige & Above segment accounted for 88.3 per cent of net sales during the first quarter. The Popular segment accounted for 9.8 per cent of the net sales during the first quarter. The Popular segment net sales grew 13.6 per cent, it said. Its total income of USL, which owns brands like McDowell's, Royal Challenge, Signature, Johnnie Walker, and Black Dog in its fold, was ₹ 6,367 crore, up 1.5 per cent. "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. "Looking ahead, we remain focused on our circle of control to lead the next wave of category growth through sharper portfolio, tailored consumer engagement and revenue growth management," its Managing Director and CEO Praveen Someshwar said. Shares of United Spirits Ltd settled at ₹ 1,306.80 apiece on BSE on Wednesday, up 0.71 per cent from the previous close.
Mint
5 days ago
- Business
- Mint
United Spirits Q1 profit slips 14 pc to ₹417 cr; revenue at ₹6,295 cr
New Delhi, Aug 13 (PTI) Diageo-controlled liquor maker United Spirits Ltd on Wednesday reported a 14 per cent decline in its consolidated net profit to ₹ 417 crore for the June quarter of FY26. The company had posted a net profit of ₹ 485 crore a year ago, according to a regulatory filing from United Spirits Ltd (USL). Its revenue from operations was marginally up at ₹ 6,295 crore during the quarter under review. It was ₹ 6,238 crore in the corresponding period of the previous fiscal. USL's total expenses stood at ₹ 5,776 crore, up 2.79 per cent in the June quarter. In the June quarter, "EBITDA was ₹ 644 crore, down 9.7 per cent, largely due to a one-off indirect tax item impact and relatively higher A&P in the standalone business", said USL in its earnings statement. In the June quarter, USL's income from the 'Beverage alcohol' segment rose 8.37 per cent to ₹ 2,549 crore. Its sports business, Royal Challengers Sports Private Ltd (RCSPL), which owns the RCB team for IPL and WPL, registered a 15.73 per cent growth in revenue to ₹ 478 crore in the June quarter. During the quarter, USL's consolidated net sales value (NSV) rose 9.4 per cent to ₹ 3,021 crore. "This was driven by the 8.4 per cent growth in the standalone business and 15.7 per cent reported growth of the sports business housed in the 100 per cent subsidiary RCSPL," it said. The Prestige & Above segment accounted for 88.3 per cent of net sales during the first quarter. The Popular segment accounted for 9.8 per cent of the net sales during the first quarter. The Popular segment net sales grew 13.6 per cent, it said. Its total income of USL, which owns brands like McDowell's, Royal Challenge, Signature, Johnnie Walker, and Black Dog in its fold, was ₹ 6,367 crore, up 1.5 per cent. "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. "Looking ahead, we remain focused on our circle of control to lead the next wave of category growth through sharper portfolio, tailored consumer engagement and revenue growth management," its Managing Director and CEO Praveen Someshwar said.
