United Spirits Q2 Net Profit Falls 2.1%, Misses Estimate
United Spirits reported September-quarter net profit of ₹462 crore, down from ₹472 crore a year earlier and below the CNBC-TV18 poll estimate of ₹471 crore. Revenue rose.
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01:14:57 PM UTC
SquawkNews
India's United Spirits NSE:UNITDSPR reported a 2% fall in second-quarter profit on Wednesday, weighed down by weak sales of lower-priced brands amid regulatory changes($1 = 95.19 Indian rupees)
Diageo-controlled liquor maker United Spirits Ltd on Wednesday (October 28) reported a 2.1% year-on-year decline in net profit to ₹462 crore for the September quarter, compared with ₹472 crore in the year-ago period.The profit figure was below the CNBC-TV18 poll estimate of ₹471 crore. Revenue rose…