United Spirits Q2 Results Live: Profit Rises by 0.5% YoY

United Spirits Q2 Results Live : United Spirits has announced its Q2 results for the fiscal year, revealing a mixed performance with revenue declining by 0.96% year-on-year while profit saw a modest increase of 0.5%. The results were disclosed on October 23, 2024.

In comparison to the previous quarter, the company reported a revenue growth of 6.96%, although profit took a significant hit, decreasing by 29.69%. This indicates a challenging quarter for the beverage giant.

The Selling, General & Administrative expenses surged by 35.81% quarter-on-quarter and rose 9.12% year-on-year, impacting profitability. The operating income also faced a setback, down by 32.45% compared to the previous quarter but showing a slight increase of 0.21% year-on-year.

Earnings per share (EPS) for Q2 stood at ₹4.8, marking a 7.85% increase year-on-year, providing some positive news amidst the overall decline in revenues.

In terms of market performance, United Spirits has recorded a -5.6% return in the past week, but has shown significant gains of 23.96% over the last six months and an impressive 31.19% year-to-date return. Currently, the company's market capitalization is ₹106,655.1 crore, with a 52-week high of ₹1,647.5 and a low of ₹993.85.

Analyst sentiment appears to be mixed, with 18 analysts covering the company. Of these, 3 have rated it as a Sell, 6 as Hold, 5 as Buy, and 4 as Strong Buy. The consensus recommendation as of October 24, 2024, remains a Buy, reflecting cautious optimism among market watchers.