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United Spirits Q3 net up 21.5% y-o-y, income up 2.3%

Quarterly operating profit stood at Rs 237 crore, up 7 percent over the same period the previous year. The company said a 12 percent increase in the price of extra neutral alcohol (ENA)—the company’s primary raw material—impacted operating profit by Rs 38 crore

The News International Team

Liquor major  United Spirits reported a standalone net profit of Rs 78.8 crore for the December quarter, up 21.5 percent year-on-year. Quarterly income rose 2.3 percent year-on-year to Rs 2318 crore.

The company said sales of its strategic Prestige & above brands grew 4.7 percent in volume terms and 9 percent in value terms. Overall, volume sales were down around 2 percent, while sales in value terms were up 5.3 percent.

Quarterly earnings before interest,tax,depreciation and amortisation (EBITDA) operating profit stood at Rs 237 crore, up 7 percent over the same period the previous year. The company said a 12 percent increase in the price of extra neutral alcohol (ENA)—the company’s primary raw material—impacted operating profit by Rs 38 crore.

The company’s quarterly operating margins improved by 50 basis points year-on-year to 10.2 percent.

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