[ad_1] Liquor company Radico Khaitan Ltd. (NS:) has seen its share price zoom over 48% in the last two months. It has moved from Rs 610.25 on May 31 to Rs 904 on July 30. The company reported its earnings for Q1 FY22 recently. Net profit jumped 35.7% to Rs 59.83 crore while net sales…
With the increasing demand for medical oxygen due to the current health scenario, many home-grown companies have stepped up efforts to contribute to the cause in their capacity. In order to extend support, Radico Khaitan has installed Oxygen Generator Plants at various locations in six districts of Uttar Pradesh as part of its CSR. The…
Liquor maker Radico Khaitan Ltd on Wednesday reported a 35.65 per cent increase in its consolidated net profit at Rs 60.87 crore for the first quarter ended June 2021, helped by volume growth and a lower base of the pandemic hit corresponding quarter. The company had posted a consolidated net profit of Rs 44.87 crore…
Radico Khaitan Q1 consolidated net profit rises 36% to Rs 60.87 cr; sales up 59%. The strong Q1 performance lifts Radico Khaitan higher. New Delhi: Liquor maker Radico Khaitan Ltd on Wednesday reported a 35.65 per cent increase in its consolidated net profit at Rs 60.87 crore for the first quarter ended June 2021, helped…
[ad_1] United Spirits Ltd, part of global spirits major Diageo, has exited from start-up liquor delivery firm, Hip Bar Pvt Ltd. The board of USL had last week approved “sale of all equity shares and CCPS (Compulsory Convertible Preference Shares)” held by it in Hip Bar Pvt Ltd, which owns the HipBar app that provides…
The Board of United Spirits at its meeting held on 23 July 2021 has inter alia approved sale of all equity shares and compulsory convertible preferential shares (CCPS) held by the Company in Hip Bar (HipBar) to Prasanna Natarajan, promoter of HipBar. The Company had fully impaired its aforesaid investment in the financial year 2020-2021….
Diageo-controlled liquor maker United Spirits Ltd on Friday reported a consolidated net profit of Rs 50.3 crore for the quarter ended June 2021, helped by double-digit growth in sales. The company had posted a net loss of Rs 246.6 crore in the April-June period a year ago when most of the liquor shops were closed…
NEW DELHI: Diageo’s alcohol-delivery ambitions in India have hit a roadblock with the UK-based liquor company exiting from its investment in Chennai-based startup HipBar at around a 98% loss. While the move comes at a time when several Indian states are putting in place norms to allow home delivery of alcohol, Diageo which invested Rs…
India’s United Spirits suffered a 69% fall in profit in the second quarter as COVID restrictions continued to hit the business. Net profit for the quarter ended 30 June stood at INR691m (£6.7m, $9.2m), compared with a profit of INR1,673m for the first quarter of 2021, the company said in an exchange filing. Nonetheless, it was…
[ad_1] New Delhi: Diageo-controlled liquor maker United Spirits Ltd on Friday reported a consolidated net profit of Rs 50.3 crore for the quarter ended June 2021, helped by double-digit growth in sales. The company had posted a net loss of Rs 246.6 crore in the April-June period a year ago when most of the liquor…