FY16 results on May 26, 2016
United Spirits Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 26, 2016, inter alia, to consider the Audited Financial Results of the Company for the quarter and year ended March 31, 2016.Further, the Trading Window of the Company has been closed from April 01, 2016 and will remain closed till May 28, 2016. Smirnoff hangover adds to Diageo's Indian woes
MUMBAI: Drinks giant Diageo's top brands reported a decline or flat growth last financial year even as the world's biggest liquor company consolidated control over United Spirits (USL), for which it paid $3 billion, making it the most expensive acquisition in Indian consumer industry. The British behemoth's largest selling trademark Smirnoff vodka dropped 28% in volume sales, declining to 6.15 lakh cases from 8.5 lakh cases in FY15, according to the trade figures sourced by this newspaper. VAT 69 scotch whisky sales stood at 2.7 lakh cases, down from 3.5 lakh cases, declining in double digits. The duty-paid sales of the core Johnnie Walker scotch whiskies, which include Red Label and Black Label, was down 14% to 2.03 lakh cases in the last fiscal. Black & White whisky, also among the four large Diageo brands operating in India, bucked the trend with volume sales rising 23%. Diageo, which is putting a messy takeover and troubled partnership with Vijay Mallya behind it, said the short-term view of numbers didn't present the right perspective. The acquisition saw Diageo handing over key brands to USL, hoping its international portfolio to gain big, riding on the distribution prowess of the largest Indian distiller. The... Buy United Spirits with a target of Rs 2,600: Mitesh Thacker
Buy United Spirits Ltd with a target of Rs 2,600 and a stop loss of Rs 2,480 United Spirits shares rally 8% intraday on Diageo stake hike buzz, company denies
Shares of United Spirits rallied 8 per cent intraday on reports that Diageo Plc may raise stake in the liquor maker to 72 per cent from 54.78 per cent. Clarifies on news item
With reference to the news flashed on CNBC TV 18 stating, "Diageo in initial talk to hike stake in united spirit to 72%.", United Spirits Ltd has submitted to BSE a copy of Clarification is enclosed. Clarification sought from United Spirits Ltd
The Exchange has sought clarification from United Spirits Ltd on May 03, 2016 with reference to the news flashed on CNBC TV 18 stating, "Diageo in initial talk to hike stake in united spirit to 72%." The reply is awaited. Vijay Mallya row: DRT to resume hearing today
The Debt Recovery Tribunal will resume hearing on bankers' plea for securing the first right on the USD 75 million severance package that Mallya had already received for quitting Diageo-owned United Spirits (USL) as its Chairman under a sweetheart deal. DRT to resume hearing on banks' plea countering UBHL'S claims
The Debt Recovery Tribunal on Thursday will resume hearing on counter objections filed by SBI-led consortium of banks against Vijay Mallya-controlled UBHL's claim of Rs 594 crore from them for compensating the losses incurred by it due to the sale of USL equity shares by lenders at 'cheaper rate'. Kaushik Chatterjee joins Pincon Spirit as CEO
Kaushik Chatterjee has joined Pincon Spirit Ltd as the Chief Executive Officer of the company. Prior to joining Pincon, Chatterjee was the Chief Operating Officer of United Spirits Ltd - RPC ...
United Spirits starts rethink of key brands' marketing strategy
United Spirits is leveraging neuroscience to study consumer behaviour and is partnering with Nielsen Holdings for the same