United Spirits profit zooms
Spirits (USL), the merged entity of UB Group spirits entities, reported 394% jump in profit before tax (PBT) to Rs 170.6 crore (Rs 34.6 crore) in the first half of FY’07.
By TNN |
BANGALORE: United Spirits (USL), the merged entity of UB Group spirits entities, reported 394% jump in profit before tax (PBT) to Rs 170.6 crore (Rs 34.6 crore) in the first half of FY’07. USL’s net sales vaulted 33% to Rs 1,287 crore from Rs 957 crore during H1.
Earnings before interest depreciation and tax at Rs 239 crore were nearly double the comparative period figures of Rs 122 crore. The net profit for the period stood at Rs 101.4 crore as against Rs 9.2 crore.
A company statement said this performance has been made possible through healthy double digit growth in sales of the profitable main line brands, which reported sales of over 29.4 million cases in the first half. Overall volumes are in excess of 32 million cases.
Key brands like McDowell’s No 1, Antiquity Blue, Signature, Royal Challenge, Bagpiper, White Mischief and Romanov have all registered healthy double digit growths. The drive initiated by the company to push value rather than volume saw a nearly 5% rise over the previous year in the share of the value brands, which now stand at 92% of the total volume (compared to 72% a couple of years ago).
The company’s recent introduction in the value Scotch segment — Black Dog Centenary Scotch Whisky has received a very encouraging response from the markets where it has been introduced, the company stated.
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