Bengaluru, India – January 23, 2025: United Spirits Ltd., one of the leading beverage alcohol companies
in India, reported its unaudited consolidated & standalone results for the quarter and nine months
ended 31 December 2024.
Key Highlights for the quarter:
Consolidated
• Net sales value (NSV) at INR 3,433 Cr.; EBITDA at INR 568 Cr.
• NSV grew by 14.4% and EBITDA grew 16.9%.
Standalone
• Net sales value (NSV) at INR 3,432 Cr., with Prestige & Above saliency of 89.2%.
• Total NSV grew 14.8%, Prestige & Above NSV grew 16.1%.
• EBITDA at INR 588 Cr., grew 19.8%, with EBITDA margin at 17.1%
Ms. Hina Nagarajan, CEO & Managing Director, commenting on the Q3FY25 performance, said Amidst a moderate but sequentially improving demand environment, we have delivered a quarter in line with our aspirations buoyed by the festive season and fast scale-up in the state of Andhra Pradesh.
Looking ahead, we remain cautiously optimistic in the short-term while remaining committed to
the long-term potential of the India consumer story.”
Q3FY25 performance highlights:
Consolidated:
• Consolidated net sales at INR 3,433 Cr., up 14.4% year-on-year, broadly in-line with growth in the standalone
business.
• Consolidated EBITDA was at INR 568 Cr., growth of 16.9% year-on-year.
• Q3FY25 consolidated profit after tax was at INR 335 Cr
Standalone:
• Net sales at INR 3,432 Cr. increased 14.8% year-on-year with Prestige & Above segment growing 16.1%.
Growth was driven by resilient consumer demand in peak festive season and a fast scale-up in Andhra
Pradesh.
• Net sales for the Popular segment grew 9.6%. Value righting done a few quarters ago along with the duty reduction in the most salient state, provided the necessary growth tailwinds.
• Gross margin was 44.7%, up 131 bps versus last year on the back of sustained revenue growth management interventions and productivity flow-through.
• A&P re-investment rate was 11.0% of net sales, reflecting the seasonality of the peak consumption quarter and investment behind the brands and innovations.
• EBITDA at INR 588 Cr., an increase of 19.8% year-on-year.
• EBITDA margin was 17.1%, expansion of 71 bps versus last year.
• Interest cost was at INR 20 Cr. and is on account of customary non-debt related expenses.
• Profit after tax was INR 473 Cr. with a net profit margin of 13.8%.
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