United Spirits enjoys strong Q3 - The Spirits Business
India’s United Spirits has reported an increase in its third-quarter profit due to demand for premium brands.
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India’s United Spirits has reported an increase in its third-quarter profit due to demand for premium brands.
Get latest articles and stories on Latest News at LatestLY. United Spirits Ltd (USL), owned by British multinational alcoholic beverage company Diageo, on Tuesday said it has closed its over 200-year-old manufacturing unit in Uttar Pradesh. Latest News | United Spirits Closes over 200 Years Old Plant in Utttar Pradesh.
India’s Supreme Court has ordered a district court in Mohali to resolve urgently a trademark dispute which typifies the intense competition between the global spirits companies in the country. Ron Emler investigates.
In a regulatory filing, United Spirits said the results of the quarter were not comparable to the June quarter of last fiscal as the company completed a slump sale of the entire business undertaking associated with 32 brands to Inbrew Beverages on September 30, 2022.
The company had posted a net profit of Rs 261 crore in the April-June quarter of the last fiscal.