UNITED SPIRITS LTD. - 532432 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Further to our intimation dated 25th July 2022 regarding investors' call, the audio recording of the call held today is available on our website. The same can be accessed through below link: https://www.diageoindia.com/investors/financials/corporate-presentations/f23q1-investor-call-recording/ UNITED SPIRITS LTD. - 532432 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Further to our intimation dated 25th July 2022 regarding investors' call, the audio recording of the call held today is available on our website. The same can be accessed through below link: https://www.diageoindia.com/investors/financials/corporate-presentations/f23q1-investor-call-recording/ UNITED SPIRITS LTD. - 532432 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Copies of the newspaper advertisement published today in 'Business Standard' and 'Prajavani' for Unaudited financial results for the quarter ended 30th June 2022.
United Spirits Q1 profit jumps five-fold to Rs 261.1 cr, net sales up 15.6%
Commenting on the results, Diageo India CEO Hina Nagarajan said: "Our business today is ahead of pre-pandemic levels, substantiating the resilience of our category." Higher consumer demand lifts USL net 207%
Double-digit inflation, scotch supply constraints and a one-time special grant to staff impacted EBITDA margin delivery, says company Q1FY23 Quarterly Result Announced for United Spirits Ltd.
Breweries & Distilleries firm United Spirits Announced Q1FY23 Result : Net sales increased 34.3%, lapping a soft prior year comparator, with growth driven by resilient consumer demand in the off-trade and recovery of the on-trade. Prestige & Above net sales grew 43.7% benefitting from premiumisation. Performance in the quarter was impacted by constraints in scotch supplies in select markets on account of ongoing pricing deliberations with the Government. Popular segment net sales grew 13.1% within which the priority states grew 17.1%. Gross margin was 40.9%, down 366bps; primarily reflecting the adverse impact of cost inflation, which was partially offset by favourable product mix and productivity savings. Our marketing reinvestment rate during the quarter was 6.5% of net sales. Staff costs includes a one-time grant for our employees for their outstanding contribution, commitment, and resilience in extremely challenging times. EBITDA was Rs. 274 Crores, up 63.5%. Reported EBITDA margin was 12.6%, up 226bps, reflecting operating leverage on fixed costs. Underlying EBITDA margin excluding the one-time special pay-out for our employees stands at 13.8%. Interest cost of Rs. 17 Crores is a non-debt related expense. Tax credit is on account of recognising a deferred tax asset, due to certainty in utilisation of the carried forward capital losses. Exceptional items include on-going business restructuring expenses. Profit after tax was Rs. 210 Crores, up 204.2% and PAT margin was 9.7%. Ms Hina Nagarajan, CEO, commenting on the quarter ended 30 June 2022 said: “We have delivered another quarter of steady performance in a challenging operating environment. Our business today is ahead of pre-pandemic levels, substantiating the resilience of our category. Double digit inflation, scotch supply constraints in select markets and a one-time special grant to our people in recognition for the outstanding contribution in extremely challenging times, impacted the EBITDA margin delivery. Looking ahead, in the shorter term, we expect inflationary pressures to continue. Our confidence in the medium to long-term prospects of our industry, the resilience of our business and our ability to navigate headwinds remains high. We remain focused in our strategy of re-shaping the portfolio towards premiumization, revenue growth management initiatives, enhancing our value chain productivity pipeline and continuing to build the organization of tomorrow, to deliver consistent growth and long-term value creation for all our stakeholders.” Result PDF UNITED SPIRITS LTD. - 532432 - Results - Financial Results For The Quarter Ended 30Th June 2022
The Board of Directors of the Company at their meeting held today inter-alia approved the unaudited financial results (standalone and consolidated) of the Company for the quarter ended 30th June 2022. The same is enclosed. Further the Limited Review Report received from the Statutory Auditors of the Company along with the Press Release are also enclosed. The aforesaid information will be available on our website www.diageoindia.com. The meeting commenced at 14.45 hours IST and concluded at 18:22 hours IST. UNITED SPIRITS LTD. - 532432 - Board Meeting Outcome for Unaudited Financials Of The Company For Quarter Ended 30Th June 2022
The Board of Directors of the Company at their meeting held today inter-alia approved the unaudited financial results (standalone and consolidated) of the Company for the quarter ended 30th June 2022. The same is enclosed. Further the Limited Review Report received from the Statutory Auditors of the Company along with the Press Release are also enclosed. UNITED SPIRITS LTD. - 532432 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
This has reference to our letter dated 6th July 2022 . The investor/analyst call for discussing the unaudited financial results of the company for quarter ended 30th June 2022 has now been rescheduled to Wednesday, 27th July 2022 at 17:30 hours (1ST). The details of the call are provided as annexure to this letter. UNITED SPIRITS LTD. - 532432 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Intimation of loss of Equity Share Certificates from the shareholder(s) under Regulation 39(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.