Diageo-Owned Beverages Stock Hits New 52-Week As Q1 PAT Zooms 82%

Diageo-owned liquor company, United Spirits Ltd (USL) on Friday traded new 52-week high and gained 6.27% till 11:51 am after the company reported robust Q1 performance. Current market price of United Spirits share is Rs 1036.55 per share on BSE. United Spirits stock jumped 36% in last 3-months. Check details below:

United Spirits Q1 Results: The large cap stock operating in beverages-alcoholic sector, on Thursday declared 82% year-on-year (YoY) surge in its consolidated net profit at Rs 476.7 crore for the first quarter ended June 30, 2023. The company has declared a net profit of Rs 261.10 crore in the corresponding quarter of last year.

Total revenue declared at Rs 2,171.9 crore for the quarter under consideration, up 0.1% as compared to Rs 2169 crore in the corresponding quarter of last year.

EBITDA (earnings before interest, tax, depreciation, and amortization) soared 40.6% to Rs 385.1 crore at the operating level in the first quarter of this fiscal as against Rs 274 crore declared in the corresponding period in the preceding fiscal. Meanwhile, EBITDA margin remains at 17.7% in the quarter under consideration as against 12.6% in the corresponding period of preceding fiscal.

United Spirits Stock Performance & Return: Current market price of United Spirits share is Rs 1036.55 apiece with intraday gain of 6.27%. Its 52-week high price is Rs 1041.50 per share and 52-week low price is Rs 730.90 per share, respectively. It has a market capitalisation of Rs 75,317.18 crore. United Spirits shares delivered return of 22% in last 1-year, soared 58% in last 2-years, gave return of 74% in last 3-years, and jumped 82% in last 5-years.

United Spirits About: United Spirits Ltd (United Spirits), a subsidiary of Diageo plc, manufactures and sells alcoholic beverages. The company's product portfolio comprises Indian-made foreign liquor (IMFL) whisky, brandy, rum, vodka, gin and wine, according to its official website.

Disclaimer: The stock hits new 52-week high after robust quarterly results. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.