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United Spirits held a conference call on 09 November 2023 to discuss the results for the quarter ended September 2023 and way forward. Ms. Hina Nagarajan, Managing Director and Chief Executive Officer and Mr. Pradeep Jain , Executive Director and Chief Financial Officer addressed the call.
Highlights of the Concall
- Net sales at Rs 2,865 crore increased 12.2% in Q2FY24 on rebased prior year comparators driven by continued premiumisation tailwinds, and improved footprint & saliency of its innovation offerings.
- The Prestige & Above segment (P&A) accounted for 88.0% of net sales during the second quarter of fiscal 2024, up 0.5ppts over the prior year. Prestige & Above segment net sales increased 12.8% during the second quarter
- P&A sales grew in double digits again despite double Shravan period in Q2FY24 and delayed festive season. Volume growth was however modest at around 4% YoY in P&A.
- Net sales for the Popular segment gr...
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