United Spirits Ltd (NSE:UNITDSPR)
₹ 1,342.3 -1.2 (-0.09%) Market Cap: 975.89 Bil Enterprise Value: 949.10 Bil PE Ratio: 61.35 PB Ratio: 11.98 GF Score: 89/100
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Q3 2024 United Spirits Ltd Earnings Call Transcript

Jan 24, 2024 / 10:30AM GMT
Release Date Price: ₹1112.2 (+0.37%)

Key Points

Positve
  • The prestige and above segment clocked a double-digit growth of 10% year on year.
  • Overall net sales value growth of 7.5% year on year.
  • Strong performance in the Scotch portfolio, led by Johnnie Walker.
  • Successful launch and positive reception of the Don Julio tequila brand.
  • Recognition for CSR efforts, including the CSR of the Year Award from Spirits Magazine.
Negative
  • Muted sequential demand momentum compared to prior trailing quarters.
  • Challenges in the external environment on COGS, particularly with neutral alcohol spirit.
  • Significant decline in the popular segment, with a 20% volume drop.
  • Continued inflationary pressures on ENA (Extra Neutral Alcohol).
  • Subdued demand environment with no significant improvement between December and January.
Operator

Ladies and gentlemen, good day, and welcome to the United Spirits Limited Q3 FY24 earnings conference call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Ms. Shweta Arora, Head of Investor Relations, United Spirits Limited. Thank you and over to you, ma'am.

Shweta Arora
United Spirits Ltd - Head of Investor Relations

Good afternoon, everyone, and welcome to United Spirits third-quarter and nine months ended December 31, 2023, earnings conference call. I wish you all a very happy new year. Today on the call, we have with us our Managing Director and CEO; Ms. Hina Nagarajan, who is joined by our CFO and Executive Director, Mr. Pradeep Jain.

We will kick off today's call with Hina sharing her thoughts on overall business performance. This will be followed by Pradeep taking us through the financial highlights of the quarter, post which, we will open the forum for Q&A. We'll be referring to the financial releases available on the stock exchange in our company's website. With that, I now

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