UNITED SPIRITS LTD. - 532432 - Update On Effective Date For Appointment Of Director
This has reference to our intimation dated 24th January 2023 in relation to appointment of Mr. Pradeep Jain (Chief Financial Officer) as an additional director and whole-time director on the board of the Company designated as 'Executive Director & Chief Financial Officer'. Kindly note that the aforesaid appointment is effective from today i.e., 1st February 2023. UNITED SPIRITS LTD. - 532432 - Announcement under Regulation 30 (LODR)-Credit Rating
Intimation of voluntary withdrawal of credit rating from ICRA Ltd UNITED SPIRITS LTD. - 532432 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Transcript of the Earnings Call for the quarter ended 31st December 2022 UNITED SPIRITS LTD. - 532432 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Publication-Unaudited financial results for the quarter ended 31st December 2022 UNITED SPIRITS LTD. - 532432 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Intimation regarding issue of Letter of Confirmation in lieu of Duplicate Share Certificate UNITED SPIRITS LTD. - 532432 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Further to our intimation dated 9th January 2023 regarding investors' call, the audio recording of the call held on 25th January 2023 is available on our website. UNITED SPIRITS LTD. - 532432 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Intimation of loss of equity share certificate pursuant to Regulation 39(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. UNITED SPIRITS LTD. - 532432 - Royal Challengers Sports Private Limited, A 100% Subsidiary Of The Company, Has Today Won The Bid To Operate The Bangalore Team For The Women'S Indian Premier League.
Royal Challengers Sports Private Limited, a 100% subsidiary of the Company, has today won the bid to operate the Bangalore team for the Women's Indian Premier League.
United Spirits nears 52-week low as provisions, high input costs hurt Q3 report card
Total income in October-December 2022 quarter declined to Rs 6,631 crore as against Rs 8,917 crore in the year-ago period, United Spirits said in a regulatory filing Q3FY23 Quarterly Result Announced for United Spirits Ltd.
Breweries & distilleries firm United Spirits announced Q3FY23 results: Q3FY23: Rebased NSV increased 9.7% & underlying NSV grew 11.5% (excluding the one-off bulk scotch sale impact from prior year comparator) reflecting another good quarter driven by off-trade momentum & continued recovery of the On-trade. Prestige & above segment net sales grew 11.7% with strong double-digit growth in our scotch portfolio. Rebased net sales for popular segment grew 2.3%. Gross margin at 40.6%, down 438 bps versus last year, driven by input cost inflation both for glass & ENA partly offset by superior mix and productivity. A&P; re-investment rate was 10.0% of sales. We continue to invest in our brands & are focussed on improving consumer penetration and engagement. EBITDA at Rs 368 crore, with reported EBITDA margin of 13.2% is down 332 bps, primarily driven by inflation-led gross margin contraction partly offset by targeted A&P; calibration. Exceptional charge of Rs 151 crore. is primarily on account of the supply agility program. Interest costs of Rs 24 crore are on account of the customary non-debt-related items and partially related to the debt of the merged entity. Profit after tax was Rs 111 crore with net profit margin of 4% on account of the exceptional charge in the quarter 9MFY23: Rebased net sales registered a growth of 20.9% on the back of strong premiumisation trend, continued momentum in off-trade, on premise recovery, sustained home consumption trends and favourable prior year comparatives Within the above, Prestige & Above segment grew 22.7%. Rebased net sales for popular segment grew 2.3%. Gross margin at 41%, down 453 bps versus last year, weighed down by glass & ENA inflation, partly offset by favourable mix and productivity. Rebased EBITDA was Rs 967 crore, up 8.4%. EBITDA margin at 13.5% is down 156 bps, primarily due to gross margin contraction. Reported interest cost at Rs 68 crore. is down 25% after excluding the one-off reversal benefit from the previous year comparator. Interest is on account of customary non-debt-related items and partially related to the debt of the merged entity. Ms. Hina Nagarajan, Managing Director & CEO, commenting on the Q3FY23 performance, said: “We delivered a good quarter in an extremely volatile environment carefully navigating through Route to Market changes & input commodity cost inflation. This is the first quarter post the slump sale and franchising of the strategically reviewed popular portfolio. During the quarter, we have completed the merger of Pioneer Distilleries Limited to progress towards a simplified legal entity footprint. I am also happy to announce that the Board of Directors have approved a multi-year supply chain agility programme. The programme is expected to strengthen our end-to-end supply chain thereby making it fit for the future. This is in addition to our everyday efficiency savings as we continue to build a more agile and sustainable business. Looking ahead, in the shorter term, we do expect inflationary headwinds to continue. However, we remain optimistic about the medium to longer term business prospects & our ability to harness growth opportunities with sharpened focus and our reshaped portfolio. We remain confident in our strategy to create an organization of the future and thereby deliver value to all our stakeholders in a sustainable and consistent manner.” Result PDF