United Spirits Ltd

Diageo-owned liquor firm United Spirits Ltd (USL) on Thursday, July 20, reported an 82 percent year-on-year (YoY) jump in consolidated net profit at Rs 476.7 crore for Q1FY24. In the corresponding quarter last year, the company posted a net profit of Rs 261.10 crore.

Spirit war brews up as Delhi refuses to renew sales licence of Pernod Ricard

The excise department of the government of the national capital territory of Delhi had last week decided not to renew the sales licence of Pernod Ricard, said official sources. India is one of the growth markets for Pernod Ricard.

Diageo-Backed USL May Look To Sell Mass Brands Bagpiper, Old Tavern, White Mischief & Haywards

Diageo picks Morgan Stanley as advisor. Company inherited many of its existing brands when it acquired United Spirits Ltd (USL) from Vijay Mallya in 2013 in its biggest India bet.

USL Q3 net profit up 15% to Rs 232cr

USL CEO Anand Kripalu said, "during the third quarter, we continued to experience substantial inflation in our key raw material costs. While this resulted in significant compression in gross margin, we still delivered an EBITDA margin of 16.4 per cent, up 207bps.

United Spirits Q2 net profit down 28.6% to Rs 157.6 cr

Its revenue from operations rose 2.26 per cent to Rs 7,299.9 crore during the quarter under review from Rs 7,138.3 crore in the corresponding quarter last year.

United Spirits Q4 net down 40% at Rs 126.2 cr

Revenue from operations during the quarter under review stood at Rs 7,215.6 crore as against Rs 6,900.4 crore in the corresponding period of the previous fiscal, up 4.56 per cent.

Nifty likely to see profit booking after rally; these 3 stocks could return 6-8%

The market is expected to cool off a bit in the near-term after the recent rally. It is advisable to stick to large-caps and quality mid-cap names

Crucial resistance for Nifty at 10,740-10,750; USL among YES Securities' top bets

A sustained move above the 200-SMA i.e. 10,753 will extend the uptrend taking the Index to levels of 10,850-10,980. However, failure to cross this resistance on the way up can trigger profit booking.

Buy United Spirits, target Rs 3600: Mazhar Mohammad

"The momentum in this counter shall further get strengthened on a close above Rs 3,330 kind of levels. Hence, in anticipation of a breakout positional traders should create a long position for a target of Rs 3,600 levels with a stop of Rs 3,250," says Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory, Chartviewindia.in.

Overall economy appears positive despite prohibition threats: USL Chairman

In his address to shareholders at the 18th Annual General Meeting of the company here, he said the year that went by was a challenging one, with complex regulations and continued legacy issues.

Vijay Mallya resigns as Chairman of Bayer CropScience

Embattled businessman Vijay Mallya is quitting as the Chairman of Bayer CropScience Ltd after over 12 years of holding the position in the company

Diageo may not recover Rs 900 cr loan from Vijay Mallya co

The world's largest spirits maker, Diageo, which acquired control of United Spirits (USL) in 2012, had issued a guarantee to Standard Chartered Bank for a USD 135 million (around Rs 900 crore) loan to Watson to release certain USL shares that were to be acquired as part of the deal.

NSE asks USL to make Mallya probe report public; co refuses

Besides, the company was also asked to clarify on any submissions made by it to the Central Government or other authorities in connection with this matter. To this, the company said that the "key findings of the inquiry and the steps taken by the USL Board were promptly and transparently disclosed" on April 27.

Here are top 10 stocks to focus on January 12

Here are top 10 stocks to focus on January 12 – Marico Industries, Hindustan Unilever (HUL), Infosys, United Spirits Ltd (USL), LIC Housing Finance, Adani Enterprises, Sesa Sterlite, Hindustan Zinc Limited, Cairn India, Kansai Nerolac Paints and Pipavav Defence.

United Spirits charts plan to sell Whyte & Mackay

The board at its meeting today considered a potential sale of Whyte & Mackay Ltd. "The board proposes to initiate a process, based on the outline timetable provided under UK law in connection with the decision of the Office of Fair Trading, to explore a potential sale of W&M," United Spirits Ltd (USL) said in a filing to the BSE.

Morgan Stanley buys United Spirits' shares worth Rs 229 cr

Morgan Stanley Asia purchased 10.80 lakh shares of United Spirit Limited for an estimated Rs 229 crore. The stake amounted to 0.74 percent of United Spirits through an open market transaction.

Diageo-USL deal to boost premium liquor brand market: CCI

After seeking clarifications and changes four times in a proposed acquisition of majority stake by UK-based Diageo in UB group's United Spirits Ltd, fair trade regulator CCI has ruled that the deal would give a boost to entry of premium brands in alcoholic beverage market.

Deal will have 15% positive impact on USL's EPS: Religare

Varun Lochab of Religare Capital Markets explains to CNBC-TV18 that the sale of USL stake to Diageo would have a 10-15 percent positive impact on USL's EPS.

Need to invest despite rising interest cost: UB Group

In an interview to CNBC-TV18, Ravi Nedungadi, President and CFO of the company said that strong volume growth aided sales this quarter. The company is optimistic that they will be able to maintain double-digit growth.