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United Spirits Q3 profit rises nearly 21% to Rs 280.3 crore due to operational resilience

The company's revenues from operations jumped 7.65 per cent to Rs 8,410.3 crore in the latest December quarter. In the year-ago period, the same stood at Rs 7,812.3 crore

January 27, 2021 / 10:58 PM IST
United Spirits | The company reported lower standalone profit at Rs 229.9 crore in Q3FY21 against Rs 258.8 crore in Q3FY20, revenue fell to Rs 2,488.3 crore from Rs 2,582.5 crore YoY. The company appointed Hina Nagarajan as Managing Director & CEO.

United Spirits | The company reported lower standalone profit at Rs 229.9 crore in Q3FY21 against Rs 258.8 crore in Q3FY20, revenue fell to Rs 2,488.3 crore from Rs 2,582.5 crore YoY. The company appointed Hina Nagarajan as Managing Director & CEO.

Diageo-controlled liquor maker United Spirits Ltd (USL) on Wednesday reported a 20.82 per cent rise in consolidated net profit at Rs 280.3 crore for the third quarter ended December 2020. The company's board, on Wednesday, also approved the succession plan to appoint Hina Nagarajan as the Chief Executive Officer – Designate of the company from April 1.

USL had posted a net profit of Rs 232 crore in the 2019 December quarter. The company's revenues from operations jumped 7.65 per cent to Rs 8,410.3 crore in the latest December quarter. In the year-ago period, the same stood at Rs 7,812.3 crore, according to a regulatory filing.

JK Paper Q3 net profit dips 51% to Rs 64.59 crore

However, total expenses climbed to Rs 8,074.5 crore in the third quarter of the current fiscal as against Rs 7,503.3 crore in the same period a year ago. "Operational resilience, contextual marketing with focus on in-home occasions and renovation of our core brands supported the top-line recovery," Diageo India MD & CEO Anand Kripalu said.