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United Spirits held a conference call on 24 January 2024 to discuss the results for the quarter ended December 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
- The company mentioned that demand trend remains subdued. Seasonal uptick was below expectations. This was despite a slew of festivals, the Cricket World Cup and peak wedding season.
- Premiumisation trend remains intact as the company is not seeing any sort of down-trading.
- The scheme for the Pioneer Distilleries Limited (PDL) merger came into operation on 30th December 2022 but is effective 1st April’2021. All current & previous period comparators include the impact of the merger. All accounts referred as ‘rebased’ are reinstated for PDL merger as well as adjusted for slump sale and franchising of the strategically reviewed ...
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