Was Diageo aware of diversion of funds by Mallya before USL takeover?
The 'King of good times' has given Diageo a good hangover24-06-2017
24-06-2017
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 Ltd22-06-2017
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, ..31-05-2017
Industry has lost crores due to prohibition;this is anything but ease of doing business'
Diageo-USL official says impulsive decisions by State governments impact businesses28-05-2017
Intimation Regarding Investors Meeting Schedule
Intimation regarding Investors Meeting Schedule12-05-2017