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Hot Pursuit News

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(25 May 2024, 12:32)

United Spirits Q4 PAT soars 88% YoY to Rs 384 cr

The spirits maker's standalone net profit surged 88.24% to Rs 384 crore in Q4 FY24 as against Rs 204 crore posted in Q4 FY23.


Net sales stood at Rs 2,666 crore in Q4 FY24, up 6.9% from Rs 2,494 crore recorded in the same period a year ago.

The rise in the net sales was mainly driven by competitive performance of the company’s renovation and innovation offerings and resilient consumer demand.

The Prestige & Above segment accounted for 86.6% of net sales during the fourth quarter of financial year 2024, down 0.3ppts over the prior year. Prestige & Above segment net sales increased 6.6% during the fourth quarter.

The Popular segment accounted for 11.6% of net sales during the quarter, down 3.4ppt compared to the same period last year. The Popular segment net sales grew 3.3% during the fourth quarter.

Profit before exceptional items and tax soared 96.4% year on year to Rs 491 crore in the quarter ...

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