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United Spirits nears 52-week low as provisions, high input costs hurt Q3 report card

Total income in October-December 2022 quarter declined to Rs 6,631 crore as against Rs 8,917 crore in the year-ago period, United Spirits said in a regulatory filing

January 25, 2023 / 03:44 PM IST
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The share price of Diageo-backed United Spirits tumbled over 6 percent on January 25, a day after its Q3 net profit tanked 64 percent year-to-year (YoY) to Rs 110 crore on lower top line and weak operating performance.

Revenue from operations in October-December 2022 quarter declined to Rs 2,781 crore as against Rs 2,880 crore in the year-ago period, United Spirits said in a regulatory filing.

The stock closed at Rs 766 apiece on the NSE, down by 6.2 percent amid high volumes of 4.4 million shares. The stock is down 11 percent year-to-date and its 52-week low is Rs 712.

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