New Delhi : Liquor major United Spirits posted a net profit of Rs 929.3 crore for the second quarter ended September on the back of Rs 870 crore share sale in United Breweries Ltd. The company had reported a net loss of Rs 26.9 crore for the same period of previous fiscal.
Net sales rose to Rs 2,122.17 crore. “Our renovations strategy on our core brands has commenced with encouraging results from the re-launch of our Royal Challenge brand and we look forward to the McDowell’s No.1 re-launch that is currently underway…The highly regulated environment in respect of pricing remains a key challenge for the industry as a whole and needs to be remedied,”
United Spirits CEO Anand Kripalu said.