United Spirits Ltd (NSE:MCDOWELL-N)
₹ 1202.4 7.65 (0.64%) Market Cap: 874.35 Bil Enterprise Value: 856.15 Bil PE Ratio: 67.23 PB Ratio: 12.53 GF Score: 89/100
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Q1 2020 United Spirits Ltd Earnings Call Transcript

Jul 23, 2019 / 06:30AM GMT
Release Date Price: ₹590.35 (-1.53%)
Operator

Ladies and gentlemen, good day and welcome to the United Spirits Limited First Quarter FY '20 Results Conference Call. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. Anand Kripalu, Managing Director and Chief Executive Officer; and Mr. Sanjeev Churiwala, ED and Chief Financial Officer from United Spirits Limited. Thank you and over to you, sir.

Anand Kripalu
United Spirits Limited - MD, CEO & Additional Director

Thank you very much and very good afternoon, everyone, and a very warm welcome to the FY '20 Q1 results call.

Before we open up the lines for Q&A, as we typically do, I just wanted to provide a context of our results that we announced last evening. As you may have seen in the published results, net sales grew 10% in the first quarter, partially benefiting from a one-time sale of our surplus Scotch stock in the U.K. Excluding that, underlying net sales grew 6%. The Prestige & Above segment grew 9% on a solid base of 19% net sales growth in the same quarter

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