Latest news with #UnitedSpirits
NDTV
2 days ago
- Entertainment
- NDTV
Siddharth Mallya Breaks Down In Emotional Video After RCB Win IPL Title After 18 Years
In a moment that captured the emotional weight of an 18-year-long wait, Siddharth Mallya - son of former RCB owner Vijay Mallya - broke down in tears after Royal Challengers Bengaluru finally lifted their maiden IPL trophy in 2025. The franchise, often mocked for its inability to win despite having star-studded squads over the years, ended its title drought this week, sparking celebrations across the cricketing world - and in the Mallya household. Siddharth Mallya shared a heartfelt video on Instagram shortly after RCB's nail-biting win in the final. In the clip, he's visibly overwhelmed and chokes up while trying to speak. "Eighteen long, long years... I don't even know what to say," he says, wiping away tears and holding back emotion. The reel quickly went viral, resonating with fans who've followed the team through its highs and heartbreaking lows. View this post on Instagram A post shared by Sid (@sidmallya) Although Siddharth is no longer formally associated with the team, his connection to RCB runs deep. During the franchise's early years, he served as a director and played an active role in its branding and outreach, even fronting the team's digital initiatives. RCB was initially owned by United Spirits, which was then under Vijay Mallya's control. Fugitive businessman Vijay Mallya, currently living in the UK and wanted in India on financial fraud charges, also took to social media to celebrate RCB's historic win. He posted on X (formerly Twitter): "RCB are IPL Champions finally after 18 years. Superb campaign right through the 2025 tournament. A well-balanced team Playing Bold with outstanding coaching and support staff. Many congratulations! Ee sala cup namde!!" The tweet drew mixed reactions online - with some fans welcoming his joy as a founding owner, and others pointing out the irony of his continued presence in RCB-related celebrations despite his legal controversies.
Business Standard
3 days ago
- Business
- Business Standard
United Spirits rises as foreign broker turns bullish, hikes target to Rs 1,760
United Spirits jumped 2.18% to Rs 1,583 after a leading foreign brokerage upgraded the stock to 'Overweight' from 'Neutral' and raised the target price to Rs 1,760 from Rs 1,415. The upgrade reflects improved confidence in the companys earnings trajectory, supported by better margin visibility and regulatory tailwinds. The brokerage also revised its EBITDA estimates higher by 3% for FY26 and 7% for FY27, driven by a stronger growth outlook in United Spirits Prestige & Above portfolio. It highlighted several supportive regulatory moves, including the reopening of Andhra Pradesh, retail outlet expansion in Uttar Pradesh, excise reforms in Madhya Pradesh, and the privatization of liquor sales in Jharkhand. United Spirits is one of the leading beverage alcohol companies in India. Its standalone net profit jumped 17.44% to Rs 451 crore in Q4 FY25 as against Rs 384 crore in Q4 FY24. Revenue from operations (excluding excise duty) stood at Rs 2,946 crore in Q4 FY25, up 10.50% YoY, driven by continued resilience of its portfolio in a challenging consumer environment as well as due to a favourable base as business commenced in the state of Andhra Pradesh in Sep-24 after a gap of 5 years. The Prestige & Above segment accounted for 87.7% of net underlying sales during the fourth quarter of fiscal 2025.
Time of India
3 days ago
- Business
- Time of India
United Spirits shares jump 4% after JP Morgan upgrades to ‘Overweight'; target raised to Rs 1,760
United Spirits Q4 earnings Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of United Spirits rose nearly 4% to Rs 1,609.60 on the BSE in Tuesday's trade after global brokerage JP Morgan upgraded the stock to 'Overweight' from 'Neutral' and raised its target price to Rs 1,760 from Rs 1, upgrade is driven by JP Morgan's growing confidence in United Spirits' earnings growth trajectory , backed by improved margin visibility and regulatory tailwinds. The brokerage has revised its EBITDA estimates upward by 3% for FY26 and 7% for FY27, citing a better growth outlook in the company's Prestige & Above Morgan highlighted several favourable regulatory developments that could support United Spirits' performance. These include the reopening of the Andhra Pradesh market, expansion of retail outlets in Uttar Pradesh, excise reforms in Madhya Pradesh aimed at boosting premium product salience, and the ongoing privatization of retail liquor sales in the stock declining 7% year-to-date while the Nifty has gained 4%, the brokerage believes upward revisions in earnings per share (EPS) and improved visibility on growth could help the stock outperform in the coming Spirits reported a 75% year-on-year rise in net profit to Rs 421 crore for the fourth quarter of FY25, up from Rs 241 crore in the same period last year. Revenue from operations rose 2% to Rs 6,634 crore, compared to Rs 6,511 crore a year ago. On a sequential basis, net profit increased 26% from Rs 335 crore in Q3FY25, though revenue fell 14% from Rs 7,732 for Q4FY25 stood at Rs 460 crore, up 38% year-on-year. For the full year, EBITDA rose 12% to Rs 2,243 company's net sales value (NSV) for Q4FY25 rose 9% year-on-year to Rs 3,031 crore, while full-year NSV increased 7% to Rs 12,069 crore. Underlying NSV for the quarter grew 10% to Rs 3,068 crore, and for FY25, it was up 7% at Rs 12,106 in Bengaluru, United Spirits (also known as Diageo India) operates one of the largest alcohol manufacturing footprints in India with 35 facilities. Its portfolio includes well-known brands such as Johnnie Walker, Black Dog, Black & White, VAT 69, Antiquity, Smirnoff, and Signature.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
3 days ago
- Business
- Economic Times
United Spirits shares jump 4% after JP Morgan upgrades to ‘Overweight'; target raised to Rs 1,760
United Spirits shares: JP Morgan upgraded the stock to 'Overweight' from 'Neutral' and increased its target price to ₹1,760, up from ₹1,415. United Spirits shares: JP Morgan upgraded United Spirits due to increased confidence in the company's earnings growth outlook, supported by stronger margin visibility and favorable regulatory developments. The brokerage raised its EBITDA estimates by 3% for FY26 and 7% for FY27, highlighting an improved growth trajectory in the Prestige & Above segment. Tired of too many ads? Remove Ads United Spirits Q4 earnings Tired of too many ads? Remove Ads Shares of United Spirits rose nearly 4% to Rs 1,609.60 on the BSE in Tuesday's trade after global brokerage JP Morgan upgraded the stock to 'Overweight' from 'Neutral' and raised its target price to Rs 1,760 from Rs 1, upgrade is driven by JP Morgan's growing confidence in United Spirits' earnings growth trajectory , backed by improved margin visibility and regulatory tailwinds. The brokerage has revised its EBITDA estimates upward by 3% for FY26 and 7% for FY27, citing a better growth outlook in the company's Prestige & Above Morgan highlighted several favourable regulatory developments that could support United Spirits' performance. These include the reopening of the Andhra Pradesh market, expansion of retail outlets in Uttar Pradesh, excise reforms in Madhya Pradesh aimed at boosting premium product salience, and the ongoing privatization of retail liquor sales in the stock declining 7% year-to-date while the Nifty has gained 4%, the brokerage believes upward revisions in earnings per share (EPS) and improved visibility on growth could help the stock outperform in the coming Spirits reported a 75% year-on-year rise in net profit to Rs 421 crore for the fourth quarter of FY25, up from Rs 241 crore in the same period last year. Revenue from operations rose 2% to Rs 6,634 crore, compared to Rs 6,511 crore a year ago. On a sequential basis, net profit increased 26% from Rs 335 crore in Q3FY25, though revenue fell 14% from Rs 7,732 for Q4FY25 stood at Rs 460 crore, up 38% year-on-year. For the full year, EBITDA rose 12% to Rs 2,243 company's net sales value (NSV) for Q4FY25 rose 9% year-on-year to Rs 3,031 crore, while full-year NSV increased 7% to Rs 12,069 crore. Underlying NSV for the quarter grew 10% to Rs 3,068 crore, and for FY25, it was up 7% at Rs 12,106 in Bengaluru, United Spirits (also known as Diageo India) operates one of the largest alcohol manufacturing footprints in India with 35 facilities. Its portfolio includes well-known brands such as Johnnie Walker, Black Dog, Black & White, VAT 69, Antiquity, Smirnoff, and Signature.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Mint
3 days ago
- Business
- Mint
Buy or sell: Vaishali Parekh recommends three stocks to buy today — 3 June 2025
Buy or sell stocks: After opening lower in the early morning session, the Indian stock market showed resilience and demonstrated a sharp recovery on Monday. The Nifty 50 index successfully defended the previous swing low of 24 462 established on 22 May 2025 and closed with a marginal loss 24,716. The BSE Sensex went off 77 points and closed at 81,373. The Bank Nifty index added 153 points and ended at 55,903. Broader market indices continued their outperformance trajectory, with the Small Cap index surging over 1%, while Nifty Bank reclaimed the psychologically significant 55900 level. The mid and small-cap segments reinforced their relative strength, advancing 0.62% and 1.19%, respectively, demonstrating sustained investor appetite for these market segments. Vaishali Parekh, Vice President—Technical Research at Prabhudas Lilladher, believes the Indian stock market sentiment will remain positive until the Nifty 50 index is above 24,500. The Prabhudas Lilladher expert said the key benchmark index is facing a hurdle at 25,000, and the 50-stock index may soon touch 25,500 once it breaks above 25,000 on a closing basis. Speaking on the outlook of the Nifty 50 today, Vaishali Parekh said, "The Nifty 50 index, after witnessing a huge gap down opening in the morning session, recovered significantly as the day progressed and closed on a flat note with overall bias sustained and as mentioned earlier, a decisive breach above the 25,000 zone shall confirm a breakout with upside targets of 25,500 and 26,300 levels achievable in the coming days. At the same time, on the downside, the 24,500 zone is positioned as the important and strong support level which needs to be sustained to maintain the overall bias intact." "The Bank Nifty index, after a long period of the rangebound session, has indicated a breakout closing wise above the tough resistance hurdle of 55,800 zones to strengthen the trend and can anticipate a further rise in the coming days and can trigger fresh upside targets of 57,700 and 60,300. The near-term support shall be maintained near the 54,500 zone as mentioned earlier, which needs to be sustained as of now," said Parekh. Parekh said that immediate support for Nifty today is placed at 24,600, while the resistance is seen at 24,900. The Bank Nifty would have a daily range of 55,600 to 56,600. Regarding stocks to buy today, Vaishali Parekh recommended buying these three buy or sell stocks: United Spirits, Harrisons Malayalam, and Lupin. 1] United Spirits: Buy at ₹ 1551, Target ₹ 1650, Stop Loss ₹ 1520; 2] Harrisons Malayalam: Buy at ₹ 220, Target ₹ 240, Stop Loss ₹ 210; and 3] Lupin: Buy at ₹ 1463, Target ₹ 1510, Stop Loss ₹ 1440. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
