Ashok Leyland Q4 Result 2024: Net Profit Rises 20% to ₹900 crore
United Spirits Q3 Results FY2023, Net Profit at Rs. 110.5 crores
On 24th January 2023, United Spirits announced its results for the third quarter of FY2023.
Key Highlights:
- Reported net sales value (NSV) at Rs. 2,781 Crores
- EBITDA at Rs. 368 Crores, with reported EBITDA margin at 13.2% is down 332bps, primarily driven by inflation-led gross margin contraction partly off-set by targeted A&P calibration.
- Exceptional charge of Rs. 151 Crores. is primarily on account of the supply agility program
- Interest costs of Rs. 24 Crores are on account of the customary non-debt related items and partially related to the debt of the merged entity.
- Profit after tax was Rs. 110.5 Crores with a net profit margin of 4.0% on account of the exceptional charge in the quarter
Business Highlights:
- Rebased Net Sales volume increased by 9.7% & underlying Net Sales Volume grew 11.5% (excluding the one-off Bulk Scotch sale impact from the prior year comparator) reflecting another good quarter driven by off-trade momentum & continued recovery of the On-trade
- Prestige & Above segment net sales grew 11.7% with strong double-digit growth in our scotch portfolio.
- Rebased net sales for the popular segment grew 2.3%.
- Gross margin at 40.6%, down 438bps versus last year, driven by input cost inflation both for Glass & ENA partly offset by superior mix and productivity.
- A&P's re-investment rate was 10.0% of sales.
Disclaimer: Investment/Trading is subject to market risk, past performance doesn’t guarantee future performance. The risk of trading/investment loss in securities markets can be substantial. Also, the above report is compiled from data available on public platforms.
Trending on 5paisa
06
Tanushree Jaiswal
Discover more of what matters to you.
Corporate Actions Related Articles