Diageo-controlled liquor maker United Spirits Ltd on Thursday (January 23) reported a 4.3% year-on-year (YoY) fall in net profit at ₹335 crore for the third quarter that ended on December 31, 2024.

In the corresponding quarter of the previous fiscal, United Spirits posted a net profit of ₹350.2 crore. The CNBC-TV18 poll had predicted a profit of ₹405 crore for the quarter under review.

The company’s consolidated revenue from operations in the quarter under review was ₹7,732 crore against ₹ 6,962 crore in the year-ago period. The company’s consolidated net sales increased 14.4% to ₹3,433 crore against ₹3,002 crore in the year-ago period.

Also Read: Indian Energy Exchange Q3 Results | Net profit grows 17%, revenue up 15%

At the operating level, EBITDA was up 17% to ₹568 crore in the third quarter of this fiscal over ₹486.5 crore in the same quarter last fiscal year. The CNBC-TV18 poll had predicted an EBITDA of ₹594 crore.

The EBITDA margin stood at 16.6% in the reporting quarter versus 16.2% in Q3 FY24. EBITDA is earnings before interest, tax, depreciation, and amortisation. The CNBC-TV18 poll had predicted a margin of 17.6% for the quarter under review.

United Spirits reported a 14.4% YoY growth in consolidated net sales, reaching ₹3,433 crore in Q3 FY24, in line with the standalone business. On a standalone basis, net sales were ₹3,432 crore, with the prestige & above segment contributing 89.2% of sales.

Also Read: Sona BLW Q3 Results | Net profit, revenue see double-digit growth; dividend declared

Total net sales grew 14.8%, driven by resilient consumer demand during the peak festive season and rapid scaling in Andhra Pradesh, while the prestige & above segment saw a 16.1% growth. The popular segment recorded a 9.6% rise in net sales, supported by value-righting measures and duty reductions in key markets.

Gross margin improved by 131 basis points to 44.7%, reflecting sustained revenue growth management and productivity enhancements. Advertising and promotion (A&P) expenses were 11% of net sales.

The results came after the close of the market hours. Shares of United Spirits Ltd ended at ₹1,500.85, up by ₹42.65, or 2.92%, on the BSE.