USL Q3 results: United Spirits Ltd on Thursday reported a 4.3 percent drop in consolidated profit to Rs 335 crore in the December quarter, impacted by higher costs and severance costs related to a closed unit.
The company posted a consolidated profit of Rs 350 crore for the corresponding fiscal quarter, United Spirits Ltd (USL) said in an official filing.
Consolidated income from operations for the quarter under review was Rs 7,732 crore as against Rs 6,962 crore in the previous period, it added.
Total expenses during the quarter were higher at Rs 7,256 crore compared to Rs 6,555 crore last year.
During the quarter ended December 31, 2024, the company saw a charge of Rs 65 crore under exceptional items, in decommissioning costs related to the closed unit, USL said.
USL’s CEO and Managing Director Hina Nagarajan said, “Amid challenging but improving conditions, we have delivered a quarter that is in line with our ambitions fueled by the festive season and rapid growth in the state of Andhra Pradesh.” In his view, he said, “Looking ahead, we remain optimistic in the short term while committed to the long-term sustainability of the Indian consumer story.”
