Q1 2025 United Spirits Ltd Earnings Call Transcript
Key Points
- United Spirits Ltd (BOM:532432) reported an overall net sale value growth of 8.3% over the prior year same quarter.
- The company achieved a gross profit of INR1,046 crores with a gross margin of 44.5%.
- EBITDA for the quarter stands at INR458 crores, a growth of 18.9% over the prior year same quarter.
- The company has successfully countered inflation through efficiencies across the value chain and revenue growth management initiatives.
- United Spirits Ltd (BOM:532432) remains committed to delivering its growth guidance on a full fiscal year basis.
- The demand environment remains soft, with consumers favoring their preferred brands and a relatively slower spend.
- Key ingredient extra neutral alcohol remains inflationary, impacting cost management.
- The premiumization ladder is still below the company's aspiration compared to previous years.
- The company has requested to look at the first half of the fiscal year as one consolidated block due to rapid sequential changes in the demand environment.
- There are ongoing discussions with the Karnataka state government regarding the rollout of new excise policies, which are currently on hold.
Ladies and gentlemen, good day, and welcome to the United Spirits Limited Q1 FY25 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.
Thank you, Nisha. Good evening, everyone, and welcome to United Spirits First Quarter Ended FY25 Earnings Call. 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 operating environment and business performance, which 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 will be referring to the financial releases available on the Stock Exchange and on company's website.
With that, I now request Hina to commence
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