United Spirits Q2 Results: Net profit falls 2%, misses estimates as Popular segment slumps
United Spirits reported a 2.1% year-on-year decline in September-quarter net profit to ₹462 crore, missing the CNBC-TV18 poll estimate of ₹471 crore. Revenue grew 2.8% to ₹3,258 crore, while EBITDA fell 4.3% to ₹643 crore as higher advertising and promotion spending weighed on margins. The Prestige & Above segment grew 6.3%, partly offset by a 22.7% decline in the Popular segment.
United Spirits reported a 2.1% year-on-year decline in September-quarter net profit to ₹462 crore, missing the CNBC-TV18 poll estimate of ₹471 crore. Revenue grew 2.8% to ₹3,258 crore, while EBITDA fell 4.3% to ₹643 crore as higher advertising and promotion spending weighed on margins. The Prestige & Above segment grew 6.3%, partly offset by a 22.7% decline in the Popular segment.
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