United Spirits

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 other parts such as Delhi due to regulatory issues.

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 were down 4.5 per cent to Rs 517.30

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 to R56 billion, excise duty declined 70bp y-o-y (down 120bp q-o-q, primarily due to mix benefit).

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 the next two years through various measures that include sale of shares and properties earlier owned by embattled

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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 account of exceptional items.

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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 were "diverted" from the company and its subsidiaries to Vijay Mallya-led UB Group firms, including defunct

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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 maker to 72 per cent from 54.78 per cent.

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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 Airlines even as its lenders are now eyeing the Rs 515-crore bounty...

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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 charges of irregularities against him...

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 Vijay Mallya has quit as director and chairman of the company

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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 his exit from United Spirits, a company founded by his family and now run by the global liquor giant.

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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 India's largest power producer NTPC by 3.90 per cent after buying 32.15 crore shares in the open marke

Stocks in focus

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 frontline blue chip counters, taking cues from Asian counterparts.

BSE Sensex, NSE Nifty

Vijay Mallya, other directors skip United Spirits EGM

Shareholders also raised questions on the company turning sick

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 for loan of up to Rs 100 crore to be a availed by its subsidiary Pioneer Distillers.

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 March 31, touched 86 per cent of peak net worth during the past four fiscal years.

United Spirits

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 to a host of reasons...

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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 (USL), as sought by the USL board.

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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 Tuesday after almost two months of delay.

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 move to remove Vijay Mallya as company chairman in a Rs 2,000 crore case of fund diversion from company.

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 929 crore...

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 scenes over the move to remove Vijay Mallya as company chairman.

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, 2015, on the back of Rs 870 crore share sale in United Breweries Ltd.

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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 the faster-growing top end, hoping to bolster its fortunes in a market dominated by cheaper, local names.

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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 Listing Agreement provisions set forth by Sebi and exchanges.

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

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 of 5.7% y-o-y and value growth of 17.2%.

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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 selling its entire 3.21 % stake in the company, reports fe Bureau in Kochi.

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