United Spirits Ltd

United Spirits has appointed Praveen Someshwar, Chief Executive Officer - Designate (DIN: 01802656) as Additional Director/ Managing Director / Chief Executive Officer with effect from 01 April 2025. Powered by Capital Market - Live

United Spirits has fixed 03 April 2025 as record date for payment of interim dividend of Rs 4 per equity share of face value of Rs 2 for FY 2024-25. The dividend will be paid on or after 21 April 2025. Powered by Capital Market - Live

The company added that the appointments were made based on the recommendation of the Nomination and Remuneration Committee. Praveen Someshwar is a dynamic business leader with over three decades of experience in driving transformation, strategy, and execution within the media and FMCG industries. He is recognized as a passionate leader committed to driving change and has a proven track record in business transformation and development across multiple markets. He served as the managing director and CEO of HT Media, one of India's largest and most well-known media groups. In this role, he led various digital, print, and radio outlets, successfully transforming the traditional media powerhouse into a digital-first, tech-driven organization. He enjoyed a highly successful 24-year career at PepsiCo, where he held various general management, finance, and strategy roles across India and the Asia Pacific region. During his time at PepsiCo, he also served as the CEO of India Foods, overseeing iconic brands such as Lay's, Kurkure, and Quaker. Additionally, he was the CEO of South Asia Beverages, where he expanded the company's portfolio in categories such as juices, sports drinks, and low-sugar formulations across India, Bangladesh, Nepal, Bhutan, and Sri Lanka. Praveen is a Chartered Accountant (CA) and Cost & Management Accountant (CMA), and he holds a Bachelor of Commerce (Honors) degree from Delhi University. Meanwhile, the company's board of directors has approved the payment of an interim dividend of Rs 4 per equity share for the financial year 2024-2025. The interim dividend will be paid on or after 21 April. The company has set 3 April as the record date to determine eligible shareholders for the payment. United Spirits is the largest Indian spirits company that manufactures, sells, and distributes beverage alcohol, producing and selling around 60 million cases of Scotch whisky, IMFL whisky, brandy, rum, vodka, gin, and wine. Its portfolio of over 15 brands includes McDowell's No. 1, Royal Challenge, Signature, and Antiquity, as well as Diageo's iconic brands such as Johnnie Walker, VAT 69, Black & White, Smirnoff, and Ciroc. The spirits maker's standalone net profit jumped 36.31% to Rs 473 crore in Q3 FY25 as against Rs 347 crore posted in Q3 FY24. Revenue from operations (excluding excise duty) stood at Rs 3,432 crore in Q3 FY25, up 14.82% YoY. Powered by Capital Market - Live

United Spirits announced that the Board of Directors of the Company at its meeting held on 27 March 2025, inter alia, have recommended the interim dividend of Rs 4 per equity Share (i.e. 200%) , subject to the approval of the shareholders.Powered by Capital Market - Live

United Spirits will hold a meeting of the Board of Directors of the Company on 27 March 2025.Powered by Capital Market - Live

United Spirits has fixed 02 April 2025 as record date for purpose of payment of interim dividend, if declared. Powered by Capital Market - Live

United Spirits Ltd is down for a fifth straight session today. The stock is quoting at Rs 1328.4, down 0.49% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.04% on the day, quoting at 22936.25. The Sensex is at 75951.67, down 0.02%.United Spirits Ltd has lost around 8.88% in last one month.Meanwhile, Nifty FMCG index of which United Spirits Ltd is a constituent, has eased around 6.06% in last one month and is currently quoting at 52480.5, down 0.23% on the day. The volume in the stock stood at 2.06 lakh shares today, compared to the daily average of 8.67 lakh shares in last one month. The benchmark February futures contract for the stock is quoting at Rs 1327.55, down 0.53% on the day. United Spirits Ltd jumped 16.16% in last one year as compared to a 3.33% rally in NIFTY and a 2.83% fall in the Nifty FMCG index.The PE of the stock is 61.98 based on TTM earnings ending December 24.Powered by Capital Market - Live

Revenue from operations (excluding excise duty) stood at Rs 3,432 crore in Q3 FY25, up 14.82% YoY, mainly driven by resilient consumer demand in peak festive season and a fast scale-up in Andhra Pradesh. Prestige & Above segment accounted for 89.2% of net sales during the quarter, up 1.0 ppts over the prior year. Prestige & above segment net sales increased 16.1% in Q3 FY25. Popular segment accounted for 9.7% of net sales during the third quarter of FY25, down 0.5 ppt compared to the same period last year. Popular segment net sales value registered a growth of 9.6% during the quarter. Profit before tax jumped 35.86% to Rs 621 crore in Q3 FY25 as compared to Rs 457 crore recorded in Q3 FY24. EBITDA stood at Rs 588 crore in Q3 FY25, registering a growth of 19.75% YoY. EBITDA margin improved to 17.1% in Q3 FY25 as compared to 16.4% reported in Q3 FY24. Gross margin was at 44.7% in Q3 FY25, up 131 bps versus last year on the back of sustained revenue growth management interventions and productivity flow-through. A&P re-investment rate was 11% of net sales, reflecting the seasonality of the peak consumption quarter and investment behind the brands and innovations. Interest cost was at Rs 20 crore and is on account of customary non-debt-related expenses. Hina Nagarajan, managing director & chief executive officer (CEO) of United Spirits, said, 'Amidst a moderate but sequentially improving demand environment, we have delivered a quarter in line with our aspirations buoyed by the festive season and fast scale-up in the state of Andhra Pradesh. Looking ahead, we remain cautiously optimistic in the short term while remaining committed to the long-term potential of the India consumer story.' United Spirits is the largest Indian spirits company that manufactures, sells, and distributes beverage alcohol, producing and selling around 60 million cases of Scotch whisky, IMFL whisky, brandy, rum, vodka, gin, and wine. Its portfolio of over 15 brands includes McDowell's No. 1, Royal Challenge, Signature, and Antiquity, as well as Diageo's iconic brands such as Johnnie Walker, VAT 69, Black & White, Smirnoff, and Ciroc. Shares of United Spirits shed 0.79% to Rs 1,488.90 on the BSE.Powered by Capital Market - Live

Net profit of United Spirits declined 4.29% to Rs 335.00 crore in the quarter ended December 2024 as against Rs 350.00 crore during the previous quarter ended December 2023. Sales rose 14.36% to Rs 3433.00 crore in the quarter ended December 2024 as against Rs 3002.00 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales3433.003002.00 14 OPM %16.4616.19 - PBDT617.00522.00 18 PBT545.00459.00 19 NP335.00350.00 -4 Powered by Capital Market - Live

United Spirits Ltd rose for a third straight session today. The stock is quoting at Rs 1433.05, up 1.34% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.43% on the day, quoting at 23211.05. The Sensex is at 76656.14, down 0.5%. United Spirits Ltd has dropped around 9.28% in last one month. Meanwhile, Nifty FMCG index of which United Spirits Ltd is a constituent, has dropped around 1.05% in last one month and is currently quoting at 55240, up 1.15% on the day. The volume in the stock stood at 4.43 lakh shares today, compared to the daily average of 9.34 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 1434.05, up 1.17% on the day. United Spirits Ltd is up 34% in last one year as compared to a 8.15% gain in NIFTY and a 0.14% gain in the Nifty FMCG index.The PE of the stock is 74.02 based on TTM earnings ending September 24.Powered by Capital Market - Live