United Spirits Ltd Q1FY25 Financial Highlights and Market Performance

On July 23, 2024, United Spirits Ltd, a major beverage alcohol company in India, shared its unaudited financial results for the first quarter ending June 30, 2024.

Key Highlights for the Quarter

United Spirits Ltd’s Net Sales Value (NSV) reached ₹2,761 crore, while EBITDA stood at ₹713 crore. The NSV saw a 3.5% increase year-on-year, though EBITDA remained largely unchanged compared to the previous year.

On a standalone basis, NSV was ₹2,352 crore, with 88% of this coming from Prestige & Above products. The overall NSV grew by 8.3% year-on-year, with the Prestige & Above segment showing a 10.1% increase. EBITDA for the standalone segment was ₹458 crore, marking an 18.9% rise from the previous year, with a margin of 19.5%.

Q1FY25 Performance Highlights

In the first quarter of FY25, United Spirits Ltd. saw consolidated net sales of ₹2,761 crore, a 3.5% increase. This growth was balanced by the timing of the men’s IPL matches. The consolidated EBITDA was ₹713 crore, remaining nearly the same as last year. The consolidated profit after tax for Q1FY25 was ₹485 crore.

On a standalone basis, net sales rose to ₹2,352 crore, an 8.3% year-on-year increase, thanks to a better footprint, new and improved products, and effective revenue management strategies. Within this, the Prestige & Above segment grew by 10.1%. However, net sales for the Popular segment fell by 2.4% year-on-year due to inflation affecting price-sensitive consumers.

Ms Hina Nagarajan, CEO and Managing Director, commenting on the Q1FY25 performance, said, “We have commenced fiscal 2025 with a steady performance in the first quarter. Our renovation and innovation offerings are rolling out progressively with an encouraging response. Looking ahead, we remain focused on enhancing the long-term competitiveness of our portfolio, and to sustainably deliver in a soft demand environment and harness every opportunity to create long-term value for all our stakeholders.”

About United Spirits Ltd

Diageo India, known as United Spirits Ltd. (USL), is India’s top beverage alcohol company and a subsidiary of the global giant Diageo PLC. The company produces, sells, and distributes a wide range of premium brands, including Johnnie Walker, Black Dog, Black & White, VAT 69, Antiquity, Signature, Royal Challenge, McDowell’s No.1, Smirnoff, and Captain Morgan.

On July 24, 2024, the share price of United Spirits Ltd opened at ₹1,360.00, touching the high price of ₹1,417.30 as of 01:44 PM on NSE.

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