A day after the liquor company reported good results for the April-June quarter, United Spirits shares jumped 6.5 percent to a record high of Rs 1,417.30 on July 24.
The company’s net profit increased from Rs 477 crore to Rs 485 crore in Q1 of FY25, a 2 percent year-over-year increase. In addition, revenue increased by 3.5 percent to Rs 2,761 crore from Rs 2,667 crore in the same quarter of the previous fiscal year.
Despite seeming modest, both the topline and bottomline growth exceeded the expectations of most brokerages. The company’s growth was expected to be poor this year owing to the impact of inflation on price-sensitive consumers.
The company’s “prestige & above” category had a 10 percent gain, which resulted in a little over a 10 percent increase in revenues, which led the better-than-expected performance on those fronts. The segment’s volume increased by 3.5 percent as well.
As of 1:49 pm, United Spirits were trading 4.99 % higher at Rs 1,398.50.
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