United Spirits Ltd Share Price (MCDOWELL-N)

CRISIL Reaffirms AAA Rating for United Spirits - 16 Apr, 2024

CRISIL Ratings has reaffirmed its CRISIL AAA rating on the long-term bank facilities of United Spirits with a stable outlook. The rating reflects USL's strong financial risk profile, minimal debt, and healthy revenue growth expected to remain at approximately 10% in fiscal 2024.

United Spirits Approves Investment in Pistola - 04 Apr, 2024

The Board of United Spirits has approved an investment in Inspired Hospitality (Pistola) by subscribing to 3,494 Compulsory Convertible Preference Shares and 10 equity shares equivalent to 15% of its issued and paid-up share capital for Rs 5.65 crore.

United Spirits Receives Tax Demand of Rs 5.51 Crore - 02 Apr, 2024

United Spirits Ltd's subsidiary, Pioneer Distilleries Ltd, has received a tax demand of ₹5.51 crore from the office of the Deputy Commissioner of State Tax, Nanded. The company plans to contest the matter by filing a rectification application or appeal before higher authorities, based on its risk-assessment process.

United Spirits Ltd's High P/E Ratio Raises Concerns - 29 Mar, 2024

United Spirits Ltd's P/E ratio of 63.5x is significantly higher than the market average, indicating a potential risk of declining share prices unless earnings outlook improves markedly.

United Spirits Ltd: Parent Company of Royal Challengers Bangalore - 24 Mar, 2024

United Spirits Limited, a subsidiary of Diageo Group and formerly known as United Breweries, is the parent company of the Royal Challengers Bangalore cricket team. With a market capitalization of Rs. 45,716 crore, the Indian alcoholic beverage company produces a wide range of spirits, beer, and wine.

United Spirits Revenue and Profits Decline in Q3 - 22 Mar, 2024

United Spirits' Q3 revenue decreased by 3%, while net profits declined by 20%. However, the company's stock is up 1.81% on the NSE.

ICICI Securities Gives Add Call on United Spirits with Target Price of Rs 1200 - 21 Mar, 2024

United Spirits reported a consolidated total income of Rs 7014.10 crore for Q3-2023, up 3.50% from the previous quarter and 150.50% YoY. The company's net profit after tax was Rs 350.30 crore in the latest quarter. Promoters held 56.67% stake in the company as of Dec 31, 2023, while FIIs owned 16.23%, DIIs 12.44%.