United Spirits Limited — Results, 27-06-2025: Reply to Clarification- Financial results

United Spirits Limited has announced a board meeting on July 24, 2025, to consider the financial results for the quarter and half-year.

**Standalone Financial Highlights (FY 2024-25 vs FY 2023-24):**

- Revenue from operations rose 5.5% to ₹26,780 (unit not explicitly stated).

- Total income increased to ₹27,206.

- Total expenses grew to ₹25,085, driven by excise duty and cost of materials consumed.

- Profit before tax improved significantly by 22% to ₹2,056.

- Net profit increased 19% to ₹1,558.

- Earnings per share stood at ₹21.42 compared to ₹18.04.

**Consolidated Financial Highlights (FY 2024-25 vs FY 2023-24):**

- Revenue from operations grew 4.9% to ₹27,276 (unit not explicitly stated).

- Total income increased to ₹27,612.

- Total expenses rose to ₹25,405, with excise duty and materials as key cost centers.

- Profit before tax improved 15% to ₹2,135.

- Net profit was ₹1,582, up by 12%.

- Earnings per share rose to ₹22.28 from ₹19.83.

**Segment Performance:**

- Beverage alcohol segment revenue was ₹11,573, up 8.2%, with EBITDA rising 20.5% to ₹2,057.

- The sports segment reported an EBITDA of ₹186.

**Balance Sheet & Cash Flow:**

- Consolidated total assets increased to ₹13,248 from ₹11,249.

- Equity grew to ₹8,104.

- Net cash from operating activities rose to ₹1,947, reflecting better operational efficiency.

- Capital expenditure was ₹162.

- Dividend payout increased to ₹355.

**Other Notes:**

- Audit reports are unmodified.

- The company continues to manage legacy regulatory and litigation matters, including disputes with a bank regarding pledged assets and recoverability of amounts, with management confident of favorable outcomes.

- Exceptional items include ₹65 towards supply restructuring costs in standalone and consolidated results.

Overall, United Spirits demonstrated steady top-line growth with healthy margin expansion, supported by strong beverage alcohol performance. Improved cash generation and a raised dividend signal confidence despite ongoing legacy issues. Retail investors may note continued focus on rationalizing overseas operations and litigation resolutions alongside operational progress.