Bengaluru, India – May 24, 2024: United Spirits Ltd., a leading beverage alcohol company in India, reported its audited consolidated & standalone results for the fourth quarter and financial year ended 31 March 2024.
Key Highlights for Q4FY24 & FY24: (Like-for-Like)
Consolidated
• Net sales value (NSV) for Q4FY24 at INR2,783 Cr. (+11.2%) and FY24 at INR11,321 Cr. (+14.2%)
• EBITDA for Q4FY24 at INR334 Cr. (+41.6%) and FY24 at INR2,001 Cr. (+53.5%)
Standalone
• NSV for Q4FY24 at INR2,666 Cr. (+6.9%) and FY24 at INR10,692 Cr. (+10.5%)
• Prestige & Above NSV growth for Q4FY24 at 6.6% and FY24 at 11.9%
• EBITDA for Q4FY24 at INR361 Cr. (+6.9%) and FY24 at INR1,708 Cr. (+30.9%)
• EBITDA margin for Q4FY24 at 13.6% and FY24 at 16.0%
Ms. Hina Nagarajan, CEO & Managing Director, commenting on the FY24 performance, said:
“We have ended fiscal year 2023-24 delivering our double-digit growth guidance and returned to mid teen margins amidst challenging external environment. The year witnessed sequentially moderating demand on the back of sustained consumer inflation and post pandemic consumption normalisation. We have continued our premiumisation intent through innovation and renovation to secure future growth. Our most iconic trademark is being renovated and stretched upwards under the new “House of McDowell’s” umbrella that will see it reach new consumers in different sub segments and formats. In recognition of our commitment to sustainable, modern Made in India Luxury, Godawan 100 was recently crowned “Single Malt Whisky of the Year” at the London Spirits Competition, a premier event in the Global Beverage Alcohol industry. This sets the stage for us to enter the new fiscal year with even more confidence in our strategy.
