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United Spirits Q2 Results: Profit Rises Marginally At Rs 341 Crore

Consolidated revenue of United Spirits from operations in the quarter under review stood at Rs 6,672 crore.

<div class="paragraphs"><p>Total expenses were lower at Rs 6,264 crore in the July-September quarter.</p><p>Range of liquor brands manufactured by United Spirits Ltd. (Source: Company website)</p></div>
Total expenses were lower at Rs 6,264 crore in the July-September quarter.

Range of liquor brands manufactured by United Spirits Ltd. (Source: Company website)

Alcoholic beverages maker United Spirits Ltd on Wednesday reported a marginal increase in consolidated net profit at Rs 341 crore in the second quarter ended Sept. 30, 2024 impacted by a softer-than-expected demand environment.

The company had posted a consolidated net profit of Rs 339 crore in the same quarter of the last fiscal, United Spirits Ltd said in a regulatory filing.

Consolidated revenue from operations in the quarter under review stood at Rs 6,672 crore, as against Rs 6,737 crore in the year-ago period, the company said.

Total expenses were lower at Rs 6,264 crore in the July-September quarter, as compared to Rs 6,362 crore in the second quarter of the previous fiscal, it added.

"It is a muted quarter amidst a softer-than-expected demand environment," United Spirits CEO & Managing Director Hina Nagarajan said.

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She, however, said the company remains buoyant entering the festive season on the back of structural tailwinds including the reopening of the business in the state of Andhra Pradesh after a gap of nearly five-years.

"This reinforces our faith in the overall health and long-term fundamentals of the spirits industry and business in India. Our key focus remains on executional excellence to deliver sustained profitable growth, while maintaining the long-term competitiveness of our portfolio," Nagarajan said.

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