Latest news with #UnitedSpiritsLimited
Business Upturn
6 days ago
- Business
- Business Upturn
United Spirits Q1 Results: Revenue jumps 8.4% YoY to Rs 2,549 crore, net profit down 13.7% YoY
United Spirits Limited (USL) reported its Q1 results, showing mixed performance. The company's net profit for the quarter stood at ₹258 crore, down 13.7% compared to ₹299 crore in the same period last year. Revenue, however, grew 8.4% year-on-year (YoY) to ₹2,549 crore, up from ₹2,352 crore, driven by steady demand across key markets. EBITDA declined 9.4% to ₹415 crore versus ₹458 crore in Q1 last year, while margins contracted to 16.3% from 19.5% YoY. Praveen Someshwar, CEO & Managing Director, commenting on the Q1FY26 performance, stated, '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.' In the meantime, United Spirits shares ended the day at ₹1,307, up 0.71% from the previous close. The stock opened at ₹1,300.10, hitting a high of ₹1,309 and a low of ₹1,294.50 during the session. Over the past year, United Spirits has seen a 52-week high of ₹1,700 and a low of ₹1,271.10. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
India.com
04-06-2025
- Business
- India.com
Meet owner of Kohli's RCB, took over after Vijay Mallya left India, his name is...
In these collection of pictures, we find out all about the current owners of IPL 2025 champions Royal Challengers Bengaluru after the exit of Vijay Mallya. Image credit: X (Formerly Twitter) Kingfisher founder Vijay Mallya bought RCB franchise in 2007 for over $111 million, according to media reports. Image credit: X (Formerly Twitter) Vijay Mallya left the country after 2016 due to unpaid loans in India. Diageo India took control of United Spirits with RCB. Now, RCB is fully owned by United Spirits Limited. Image credit: X (Formerly Twitter) Mahendra Kumar Sharma (Chairman) and Anand Kripalu (MD & CEO) of United Spirits Limited are the main people behind RCB's ownership. Image credit: X (Formerly Twitter) RCB's currently brand value is over Rs 1000 crore since the exit of Vijay Mallya from United Spirits Limited. RCB have won the IPL 2025 title after 18 years with a six-run win over PBKS in the final in Ahmedabad on Tuesday. RCB have got Rs 20 crore prize money from BCCI for winning the IPL 2025 title.
