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United Spirits Ltd Q4FY21 consolidated PAT drops QoQ to Rs. 208.7 crore

UNITED SPIRITS LTD. has reported financial results for the period ended March 31, 2021.

Financial Results (Q4 FY20-21) – QoQ Comparison

The company has reported total income of Rs.7682.7 crores during the period ended March 31, 2021 as compared to Rs.8429.1 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.208.7 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.287 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.2.94 for the period ended March 31, 2021 as compared to Rs.4.05 for the period ended December 31, 2020.

Total Income ₹ 7682.7 crs ₹ 8429.1 crs -8.86%
Net Profit ₹ 208.7 crs ₹ 287 crs Down Tick -27.28%
EPS ₹ 2.94 ₹ 4.05 Down Tick -27.41%

Financial Results (Q4 FY20-21) – YoY Comparison

The company has reported total income of Rs.7682.7 crores during the period ended March 31, 2021 as compared to Rs.6426.9 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.208.7 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.58.4 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.2.94 for the period ended March 31, 2021 as compared to Rs.0.82 for the period ended March 31, 2020.

Total Income ₹ 7682.7 crs ₹ 6426.9 crs Up Tick 19.54%
Net Profit ₹ 208.7 crs ₹ 58.4 crs Up Tick 257.36%
EPS ₹ 2.94 ₹ 0.82 Up Tick 258.54%

Financial Results (Year ended FY 20-21) – YoY Comparison

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The company has reported total income of Rs.27458.1 crores during the 12 months period ended March 31, 2021 as compared to Rs.28845.7 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.383.6 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.658.9 crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.5.41 for the 12 months period ended March 31, 2021 as compared to Rs.9.29 for the 12 months period ended March 31, 2020.

Total Income ₹ 27458.1 crs ₹ 28845.7 crs Down Tick -4.81%
Net Profit ₹ 383.6 crs ₹ 658.9 crs Down Tick -41.78%
EPS ₹ 5.41 ₹9.29 Down Tick -41.77%

Anand Kripalu, CEO, commenting on the quarter and for year ended 31 March 2021 said: “Top line growth momentum returned, and our in-quarter performance was strong on both top-line and EBITDA aided by the weak comparatives. While overall net sales grew 11.6%, strong Scotch performance contributed to the doubledigit growth of 25.8% in Prestige & Above segment. Taxation led price hikes continued to adversely impact demand in the price conscious Popular segment. Net revenue management, stable commodity prices, efficiencies from our productivity programme enabled us to deliver healthy EBITDA margin of 18.5% in fourth quarter.

Despite a challenging start to FY21 in Q-1, our business withstood the disruption and showed progressive improvement thereafter with every passing quarter. We demonstrated agility and resilience in our performance across the value chain. Our two core brands were renovated and rolled out nationally during the year. While our underlying net sales this fiscal declined 10.8% and EBITDA margin contracted to 12.5% with a PAT of Rs. 310 Crores, we enter the new financial year with sequential momentum.

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We continue to deliver consistently solid cash flow with net cash from operating activities at Rs. 1,728 Crores. Debt at the end of this fiscal stood reduced to Rs. 556 Crores, a reduction of Rs. 1517 Crores from last fiscal end.

Our recently announced strategic review of selected Popular brands is progressing well and on track.

Over the past year, India has been in the midst of a severe Covid crisis. Through these challenging times we have acted quickly to protect our people and our business, while supporting our customers, partners, and communities. With the onset of the deadly second wave, there is ongoing uncertainty in the environment. We would not be immune from this volatility. We, however, remain focused on building the long-term health of our brands, supported by data-led insights and a culture of everyday efficiency. The medium and long-term growth drivers and opportunities for our business remain intact. We will continue to drive profitable growth and focus on strengthening the core brands. With the consumer at the heart of business and with greater agility and discipline, I am confident of our strategy, the resilience of our business and our ability to emerge stronger.”

Shares of UNITED SPIRITS LTD. was last trading in BSE at Rs.571.7 as compared to the previous close of Rs. 572.3. The total number of shares traded during the day was 78750 in over 3150 trades.

The stock hit an intraday high of Rs. 578 and intraday low of 570.1. The net turnover during the day was Rs. 45147413.

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The above news was originally posted on www.equitybulls.com

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