United Spirits Q2 Outcomes: Alcoholic drinks maker United Spirits Ltd on Wednesday reported a marginal improve in consolidated web revenue at Rs 341 crore within the second quarter ended September 30, 2024 impacted by a softer-than-expected demand setting.
The corporate had posted a consolidated web revenue of Rs 339 crore in the identical quarter of the final fiscal, United Spirits Ltd mentioned in a regulatory submitting.
Consolidated income from operations within the quarter below evaluation stood at Rs 6,672 crore, as in opposition to Rs 6,737 crore within the year-ago interval, the corporate mentioned.
Complete bills have been decrease at Rs 6,264 crore within the July-September quarter, as in comparison with Rs 6,362 crore within the second quarter of the earlier fiscal, it added.
“It’s a muted quarter amidst a softer-than-expected demand setting,” United Spirits CEO & Managing Director Hina Nagarajan mentioned.
She, nonetheless, mentioned the corporate stays buoyant coming into the festive season on the again of structural tailwinds together with the reopening of the enterprise within the state of Andhra Pradesh after a niche of practically five-years.
“This reinforces our religion within the general well being and long-term fundamentals of the spirits trade and enterprise in India. Our key focus stays on executional excellence to ship sustained worthwhile development, whereas sustaining the long-term competitiveness of our portfolio,” Nagarajan mentioned.