Neutral United Spirits; target of Rs 1150: Motilal Oswal
Motilal Oswal recommended Neutral rating on United Spirits with a target price of Rs 1150 in its research report dated January 25, 2024.29-01-2024
29-01-2024
United Spirits Q3 Results Review - Prestige And Above Outperformance Sustains: Motilal Oswal
Healthy operating margin.25-01-2024
UNITED SPIRITS LTD. - 532432 - Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015
Disclosure under regulation 30 of SEBI (LODR) 201524-01-2024
UNITED SPIRITS LTD. - 532432 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Further to our intimation dated 10th January 2024 regarding investors call, the recording of the call held today is available on our website.24-01-2024
United Spirits Results Earnings Call for Q3FY24
Conference Call with United Spirits Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.24-01-2024
UNITED SPIRITS LTD. - 532432 - Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015
Disclosure under Regulation 30 of SEBI (LODR) 201524-01-2024
UNITED SPIRITS LTD. - 532432 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Intimation regarding issue of Letter of Confirmation24-01-2024
UNITED SPIRITS LTD. - 532432 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper publication of the financial results for the quarter ended 31st December 202324-01-2024
UNITED SPIRITS LTD. - 532432 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Intimation of loss of equity share certificate24-01-2024
Q3FY24 Quarterly Result Announced for United Spirits Ltd.
Breweries & Distilleries company United Spirits announced Q3FY24 results: Financial Performance - Consolidated Net Sales Value (NSV): Rs 3,002 Crore, an increase of 8.0% YoY. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization): Rs 487 Crore, a 30.8% growth YoY. Financial Performance - Standalone Net Sales Value (NSV): Rs 2,989 Crore, Prestige & Above segment sales constituting 88% of NSV. Total NSV Growth: 7.5% YoY. Prestige & Above Segment NSV Growth: 10.0% YoY. EBITDA: Rs 491 Crore, a 33.6% increase from the previous year, with an EBITDA margin of 16.4%. Profitability Consolidated Profit After Tax (PAT): Rs 350 Crore. Standalone Profit After Tax (PAT): Rs 348 Crore, net profit margin standing at 11.6%. Segment Performance Prestige & Above: Strong growth, with segment net sales up 13.8% during 9MFY24. Popular Segment: Net sales declined by 4.6% during 9MFY24. Hina Nagarajan, CEO & Managing Director, commented on the quarter's performance: "We have delivered a resilient quarter in a challenging macro environment. While the sequential demand momentum was relatively muted, reassuringly, the premiumisation trend continues. Our consumer engagement remained high with a slew of festivals, the cricket World Cup, and peak wedding season. The focus on continuous improvement and value chain productivity is reflected in the performance. Looking ahead, we remain cautiously optimistic on growth on the back of sustained investments in our brands, belief in our innovation and renovation pipeline, and the long-term India consumer potential." Result PDF23-01-2024