United Spirits

United Spirits News

United Spirits exits liquor delivery firm Hip Bar

While cities like Mumbai and Kolkata have already allowed doorstep delivery of alcohol, it is yet to gain momentum in…

July 26, 2021 3:34 pm

Liquor stocks fall as Delhi govt hikes excise duty by 70%; United Breweries, Radico Khaitan drop up to 6%

United Breweries share price fell the most as much as 6 per cent to Rs 912, while United Spirits shares…

May 5, 2020 12:42 pm

Diageo brand contributes Rs 237 crore to United Spirits revenues

United Spirits S/L net sales were up 13% y-o-y to R22.8b (est. of R23.3 billion). Gross sales grew 11% y-o-y…

Updated: June 1, 2016 12:59 am

United Spirits to reduce debt by up to Rs 2,000 crore in 2 yrs

Diageo-controlled liquor firm United Spirits Ltd (USL) is looking to reduce its debt by up to Rs 2,000 crore in…

May 29, 2016 2:05 pm

United Spirits Q4 net loss at Rs 8.99 crore

Liquor major United Spirits standalone net loss narrowed to Rs 8.99 crore for the fourth quarter ended March 2016, on…

May 26, 2016 11:28 pm

USL writes off Rs 566 cr related to dues from UB Group firms

Diageo-owned United Spirits Ltd today said it has written off Rs 566 crore in connection with recovery of funds that…

May 26, 2016 11:09 pm

United Spirits shares rally 8% intraday on Diageo stake hike buzz, company denies

Shares of United Spirits rallied 8 per cent intraday on reports that Diageo Plc may raise stake in the liquor…

May 3, 2016 5:19 pm

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Vijay Mallya exits USL but over 2 lakh investors still stuck in Kingfisher Airlines

In an irony of sorts, over two lakh investors are estimated to be stuck with shares of long- grounded Kingfisher…

February 28, 2016 6:26 pm

USL to pursue recovery of Rs 1,337-cr loan from UBHL

A day after Vijay Mallya, founder chairman of United Spirits Ltd (USL), struck a deal with Diageo for dropping all…

February 27, 2016 1:02 am

United Spirits shares sure over 6% intraday after Vijay Mallya quits as chairman

United Spirits shares surged over 5 per cent in the early trade on Friday after it informed stock exchanges that…

Updated: February 26, 2016 4:21 pm

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Diageo to pay Vijay Mallya over Rs 515 crore as separation fee

Flamboyant businessman Vijay Mallya will get USD 75 million (Rs 515 crore) from Diageo as part of an “agreement” for…

February 26, 2016 9:37 am

7 stocks that trended in today’s trade: United Spirits, NTPC, Chembond Chemicals and more

NTPC shares closed 2.41 per cent up at Rs 121.35 after state-owned Life Insurance Corporation (LIC) increased its stake in…

Updated: February 26, 2016 5:27 pm

Sensex closes 178 points up on bullish growth projections in Economic Survey 2016, Nifty50 settles at 7,030; Quick Heal down over 7%

Benchmark indices the BSE Sensex and NSE Nifty snapped a three-day losing streak on Friday on account of buying in…

Updated: February 26, 2016 4:15 pm

Vijay Mallya, other directors skip United Spirits EGM

Shareholders also raised questions on the company turning sick

January 23, 2016 12:23 am

United Spirits Ltd gets shareholders’ nod to be guarantor for loan by arm

Crisis ridden United Spirits Ltd (USL) today said it has received shareholders’ nod to issue a guarantee to a bank…

January 11, 2016 1:06 pm

United Spirits seeks shareholders nod to report sick to BIFR

Diageo-owned United Spirits is seeking approval from its shareholders to report sick to BIFR as its accumulated losses as on…

Updated: December 30, 2015 9:59 am

United Spirits’ networth more than halves in 4 years

Crisis-ridden United Spirits today said its networth has eroded by more than 50 per cent of its peak networth due…

December 29, 2015 8:34 pm

Vijay Mallya sidesteps queries on quitting as United Spirits chairman

An agitated and angry Vijay Mallya on Tuesday evaded media queries on his stepping down as chairman of United Spirits…

Updated: November 25, 2015 1:51 pm

Vijay Mallya set to chair United Spirits AGM today

United Spirits Limited (USL), India’s largest liquor maker, is all set to hold its crucial annual general meeting here on…

Updated: November 24, 2015 12:33 am

Vijay Mallya storm set to break over United Spirits in Rs 2,000 cr case: All you wanted to know in 5 points

United Spirits (USL) AGM is scheduled for Nov 24 and it is likely to be a stormy one over the…

Updated: November 3, 2015 4:56 pm

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United Spirits Photos

United Spirits Q2 profit increases to Rs 929 crore

United Spirits, India’s largest maker of alcoholic beverages (whisky and wine), on Monday reported a standalone net profit of Rs…

Updated: November 3, 2015 12:30 am

United Spirits AGM set to be stormy

The annual general meeting of United Spirits (USL), which is scheduled for November 24, is likely to see some stormy…

Updated: November 3, 2015 12:28 am

United Spirits Q2 net profit at Rs 929 crore

Liquor major United Spirits today posted a net profit of Rs 929.3 crore for the second quarter ended September 30,…

November 2, 2015 9:15 pm

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Diageo’s India unit United Spirits eyes high-end spirits to reverse market share loss

Diageo says that India’s United Spirits Ltd will scale back its roster of more than 150 brands and focus on…

Updated: October 29, 2015 12:23 pm

United Bank of India, Vijay Mallya, UB Group, wilful defaulter, Archana Bhargava

United Spirits, Kingfisher Airlines face axe for listing violations

More than 100 listed companies, including United Spirits Ltd and long-grounded Kingfisher Airlines, have been slapped penalties for violating the…

August 23, 2015 5:41 pm

Strong value growth in USL drives margin: IIFL

United Spirits (USL) reported strong 12% yoy net revenue growth in Q1 driven by prestige and above brand volume growth…

Updated: July 31, 2015 8:55 am

Kingfisher gets a new nest

United Spirits (USL) has exited India’s largest beer maker United Breweries (UBL), owner of the popular Kingfisher beer brand, by…

Updated: July 8, 2015 8:56 am

United Spirits exits United Breweries, sells 3.2% stake to Heineken via Rs 872 cr block deal

Dutch brewing company Heineken NV on Monday acquired a 3.21% stake in United Breweries from Diageo-controlled United Spirits (USL) via…

Updated: July 8, 2015 8:54 am

United Spirits may phase out unspirited brands

United Spirits (USL) may phase out some of its brands suffering from negative Ebitda margin as the company shifts focus…

June 13, 2015 12:29 am

Now, MCA, I-T to probe fund diversion at United Spirits

Move comes after company admits huge amounts were diverted by former management to group firms

Updated: May 28, 2015 2:14 am

United Spirits March quarter loss at Rs 1,799 cr

United Spirits had registered a net loss of Rs 5,380.10 crore in the same period of the previous fiscal.

May 27, 2015 12:12 pm

Minority shareholders unlikely to emerge unscathed from Vijay Mallya’s United Spirits battle

The corporate affairs ministry may also step in as the alleged irregularities amount to violations of various provisions of the…

Updated: May 23, 2015 10:16 am

United Spirits had a bad time under ‘king of good times’ Vijay Mallya

Under Vijay Mallya, analysts say, USL focused on volumes, not margins. Most major brands didn’t get adequate investments

Updated: May 12, 2015 10:53 am

Vijay Mallya’s United Spirits refuses to share internal probe details

Stock exchange NSE has asked the company to make public its inquiry report on alleged fund diversion to Vijay Mallya’s…

May 7, 2015 9:17 am

A graceful, negotiated exit from United Spirits could be Vijay Mallya’s best bet

A negotiated exit would be the optimal solution for Vijay Mallya, the estranged chairman of United Spirits…

Updated: May 7, 2015 3:40 pm

United Spirits may have to restate a/c; Investor groups slam Diageo role

United Spirits Ltd (USL) has demanded ouster of its chairman Mallya, whose UB Group had sold controlling stake in the…

Updated: May 4, 2015 9:35 am

Vijay Mallya row: Advisory firms call into question auditors’ role

The board wants Mallya to step down after a probe showed that certain transactions between 2010 and July 2013…

Updated: April 28, 2015 8:57 am

Vijay Mallya probe: UB entities, others under multi-agency scanner

Without fixing individual responsibility for the alleged lapses, USL board resolved it has ‘lost confidence’ in Mallya and therefore it…

April 28, 2015 5:37 am

Will consider USL’s position in light of its agreements with Vijay Mallya, says Diageo

The USL board had resolved to recommend Mallya’s removal to the company’s shareholders in the event of his refusing to…

April 28, 2015 3:31 am

United Spirits’ shares down 2.5 pct as Vijay Mallya asked to quit board

Shares of United Spirits fell by 2.5 per cent today after Vijay Mallya was asked to quit the board over…

Updated: April 27, 2015 4:21 pm

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United Spirits Videos

Vijay Mallya escalates war on United Spirits board; Diageo quotes ‘contract’

With United Spirits asking its own chairman Vijay Mallya to quit, the majority owner Diageo today said its “contractual obligations”…

Updated: April 27, 2015 9:35 pm

USL showdown: Long-drawn battle ahead for Vijay Mallya

Amid mounting troubles, UB Group chief Vijay Mallya is likely headed for a long-drawn battle at United Spirits…

Updated: April 27, 2015 5:34 am

Vijay Mallya says only shareholders can ‘oust’ him from United Spirits

Asked to quit United Spririts’ board, Vijay Mallya struck a defiant note saying he ‘intends’ to continue as its Chairman…

Updated: April 26, 2015 4:10 pm

Vijay Mallya Vs Diageo: Sebi to look into disclosure, other lapses

With liquor giant United Spirits asking its own Chairman Vijay Mallya to quit, markets watchdog Sebi and other regulatory agencies…

April 26, 2015 4:04 pm

United Spirits asks Vijay Mallya to step down

The Diageo-led United Spirits (USL) on Saturday asked Vijay Mallya to step down as chairman of the firm…

April 26, 2015 1:08 am

Diageo asks Vijay Mallya to quit United Spirits board; alleges fund diversion

Alleging fund diversion to Kingfisher and other UB group entities, United Spirits’ new owner Diageo has asked Vijay Mallya…

Updated: April 27, 2015 8:14 am

61 firms made open offers worth Rs 23,000 cr in 2014

As many as 61 listed companies made open offers worth over Rs 23,000 crore in 2014 against 81 firms in…

January 20, 2015 6:33 pm

United Spirits-Diageo deal gets shareholder approval

United Spirits (USL) said it has received approval from minority shareholders for exclusive…

January 11, 2015 1:49 am

USL shareholders to vote on Diageo licence pact today

Shareholders of United Spirits (USL) will gather at an extraordinary general meeting (EGM)…

January 9, 2015 12:11 am

A second chance: USL looks for shareholder nod to sell Diageo brands

Minority shareholders had rejected the proposal earlier. If cleared, United Spirits will get licensing and distribution rights to Diageo’s brands

Updated: December 29, 2014 6:25 am

United Spirits to again seek shareholders’ nod on licence pacts with Diageo

United Spirits (USL) on Wednesday said it would once again approach shareholders…

Updated: December 18, 2014 8:43 am

Vijay Mallya’s exit brings fizz to UB stocks; Troubles mount further

In an irony of sorts, self-proclaimed ‘King of Good Times’ Vijay Mallya on Tuesday saw shares of his various group…

December 3, 2014 6:05 am

United Spirits stock brushes aside shareholder alarm

The United Spirits scrip slipped over 8% in early morning trade on Monday before recovering to end the session 0.5%…

Updated: December 2, 2014 7:23 pm

United Spirits fails to get shareholder nod for series of proposals

The minority shareholders of United Spirits Ltd (USL) have yet again defeated a series of resolutions…

November 30, 2014 1:10 am

USL shareholders turn down special resolution for Diageo tie-up

The resolution required 75% votes in its favour, but could get the backing of only 70.2% of the 20.35 million…

Updated: November 28, 2014 10:21 pm

Chivas, United Spirits may bury hatchet over Tribute trademark

The battle between liquor majors Chivas Holdings and United Spirits over the trademark ‘Tribute’…

November 28, 2014 12:39 am

Proxy advisory firms sceptical of USL deals with UB group

Even as United Spirits (USL) seeks shareholders’ approval this week on agreements with related parties…

Updated: December 8, 2014 2:59 pm

Buy United Spirits, target Rs 3,000

Maintain ‘buy’ on United Spirits (USL) with a DCF-based target price of R3,000 per share.

November 25, 2014 1:22 am

United Spirits reports third straight loss

Diageo-controlled United Spirits (USL) on Friday reported its third consecutive loss-making quarter as provisions hurt profitability though net sales grew…

November 15, 2014 12:48 am

United Spirits Q2 net loss at Rs 27.83 cr

United Spirits today reported a standalone net loss of Rs 27.83 crore for the quarter…

Updated: November 14, 2014 2:37 pm

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