Meeting Of Board Of Directors To Be Held On July 23, 2017.
Meeting of Board of Directors to be held on July 23, 2017 to consider Un-audited financial Results of the company for the quarter and three months ended June 30,2017 and issue of non-convertible debentures on private placement. Allied Blenders gets new CEO
Allied Blenders & Distillers has appointed Paramjit Singh Gill as its President and CEO. Gill joins ABD from United Spirits (USL) where he served as the President of All India operations. Gill...
Allied Blenders appoints ex-United Spirits executive Paramjit Gill as president & CEO
Allied Blenders, maker of Officer's Choice whisky, says Paramjit Singh Gill will be responsible for delivering profitable growth and driving the firm's strategic agenda Was Diageo aware of diversion of funds by Mallya before USL takeover?
The 'King of good times' has given Diageo a good hangover
George Clooney sells tequila brand to Diageo for $1 billion
For distiller Diageo Plc, the purchase of George Clooney's tequila brand Casamigos will be its biggest since the $3.2 billion acquisition of India's United Spirits Ltd United Spirits: Premium brands aid Q4 show
Investors cheered a healthy operational performance by United Spirits Ltd (USL) in the March quarter (Q4) and pushed the stock up 11 per cent intra-day on Wednesday. Despite a fall in overall volumes and sales, higher value products grouped under the prestige and above segment (brands such as McDowell's No 1, Royal Challenge, Signature) grew at a healthy clip. This segment contributes 58 per cent to total revenue and has helped offset a decline in the entry or popular segment. A host of factors, including prohibition in Bihar, demonetisation and the highway ban issue pulled down revenue of the popular segment. A strong show by the prestige and above segment reflects the continuing trend of premiumisation, which has helped operating profit. Even as revenue fell 1.1 per cent to ~2,014 crore, margins expanded 730 basis points (bps) to 12.6 per cent. Excluding one-offs, sales grew a decent seven per cent. Gross margin improvement and lower employee and other expenses aided profit. This, .. 