United Spirits posts marginal rise in Q2 net profit at Rs 341 crore

United Spirits Q2 Results: Alcoholic beverages shaper United Spirits Ltd connected Wednesday reported a marginal summation successful consolidated nett net astatine Rs 341 crore successful the 2nd 4th ended September 30, 2024 impacted by a softer-than-expected request environment.

The institution had posted a consolidated nett net of Rs 339 crore successful the aforesaid 4th of the past fiscal, United Spirits Ltd said successful a regulatory filing.

Consolidated gross from operations successful the 4th nether reappraisal stood astatine Rs 6,672 crore, arsenic against Rs 6,737 crore successful the year-ago period, the institution said.

Total expenses were little astatine Rs 6,264 crore successful the July-September quarter, arsenic compared to Rs 6,362 crore successful the 2nd 4th of the erstwhile fiscal, it added.

"It is simply a muted 4th amidst a softer-than-expected request environment," United Spirits CEO & Managing Director Hina Nagarajan said.

She, however, said the institution remains buoyant entering the festive play connected the backmost of structural tailwinds including the reopening of the concern successful the authorities of Andhra Pradesh aft a spread of astir five-years.

"This reinforces our religion successful the wide wellness and semipermanent fundamentals of the spirits manufacture and concern successful India. Our cardinal absorption remains connected executional excellence to present sustained profitable growth, portion maintaining the semipermanent competitiveness of our portfolio," Nagarajan said.