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 Certificate03-11-2022
03-11-2022
UNITED SPIRITS LTD. - 532432 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
We submit herewith information received in respect to the loss of equity share certificate from the following shareholder under Regulation 39(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.02-11-2022
UNITED SPIRITS LTD. - 532432 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
This is further to our intimation dated 18th October 2022 regarding earnings call held on 25th October 2022, the transcript of the said earnings call is available on the Company's website at https://www.diageoindia.com/investors/financials/investor-press-releases/earnings-call-transcript-fy23-q2/.02-11-2022
Near-term margin hangover may put a lid on United Spirits' upside
Even as brokerages are positive on the prospects of the two liquor majors, they face profitability challenges31-10-2022
United Spirits' consumers are not downtrading to lower priced brands, but raw material inflation remains a worry
The Prestige Above' segment accounted for 75 percent of the company's net sales during the first half of the year28-10-2022
Buy United Spirits; target of Rs 1050: ICICI Direct
ICICI Direct is bullish on United Spirits recommended buy rating on the stock with a target price of Rs 1050 in its research report dated October 25, 2022.27-10-2022
UNITED SPIRITS LTD. - 532432 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Further to our intimation dated 18th October 2022 regarding investors' call, the audio recording of the call held on 25th October 2022 is available on our website. The same can be accessed through below link: https://www.diageoindia.com/investors/financials/corporate-presentations/f23q2-investor-call-recording/26-10-2022
Results Earnings Call for Q2FY23 of United Spirits
Conference Call with United Spirits Management and Analysts on Q2FY23 Performance and Outlook. Listen to the full earnings transcript.26-10-2022
Q2FY23 Quarterly Result Announced for United Spirits Ltd.
United Spirits announced Q2FY23 results: Q2FY23: Net sales increased 17.7%, reflecting a strong quarter. Growth reflects resilient consumer demand in off-trade, rebounding in on-trade and continued mix improvement. Prestige & Above segment net sales grew 23.1% benefitting from momentum of innovation and renovation done in prior quarters. The growth was broad-based and reflects the depth of our portfolio and the strength of our brands. Popular segment net sales grew 1.7% within which the priority states grew 3.8%. Gross margin was 39.5%, primarily reflecting the adverse impact of double-digit inflation in COGS. Our marketing reinvestment rate during the quarter was 5.5% of net sales. Reported EBITDA was Rs. 446 crores, up 4.8% and EBITDA margin was 15.5%. Underlying EBITDA excluding one-offs in prior year was up 11%. Interest cost of Rs. 14 crore is on account of the customary non-debt related items. Exceptional items primarily comprise a one-time profit of Rs. 381 crores arising from the the slump sale of the business undertaking associated with 32 brands in the ‘Popular’ segment. Reported PAT, after incorporating the exceptional gain accruing from the slump sale transaction was Rs. 563 crores, up 105.9%. H1FY23: Net sales increased 24.3% lapping weak prior year comparators in Q1. Prestige & Above segment net sales increased 30.8%. The growth was driven by resilient consumer demand in off-trade, mix improvement and continued growth momentum in on-trade. Popular segment net sales increased 6.9% within which the priority states increased 9.6%. Gross margin was 40.1%, primarily due to adverse impact of inflation on COGS. A&P; re-investment rate was 5.9% of sales. Reported EBITDA was Rs. 720 crores, up 21%. Reported EBITDA margin was 14.3%, down 34 bps primarily due to reduction in gross margin and one-offs. Excluding the one-off’s, underlying EBITDA was at 14.8%, up 76 bps. Reported interest cost of Rs.31 crores is on account of non-debt related items. Excluding the one-off reversal in prior year, underlying interest costs were down 25% driven by the zero-debt status in the current financial year. Exceptional items primarily include a net one-time profit arising from the slump sale of the business undertaking associated with 32 brands in the ‘Popular’ segment partially offset by on-going business restructuring expense. Profit after tax was Rs. 773 crores and PAT margin was 15.3%. Ms Hina Nagarajan, CEO, commenting on the quarter ended 30 September 2022 said: “We have delivered a quarter of strong top-line growth and resilient bottom-line performance. The performance is underpinned by continued growth momentum and strong mix improvement from recent innovation and brand renovations. We have successfully completed the sale of the business undertaking associated with 32 brands in the ‘Popular’ segment to Inbrew Beverages Pvt. Ltd. and have given effect to the franchise of 11 other brands for a period of five years. This is aligned to our mission and key to our “Portfolio Reshape Strategy”. Result PDF25-10-2022
UNITED SPIRITS LTD. - 532432 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper Publication-Unaudited financial results for the quarter and half year ended 30th September 202222-10-2022