Breweries & Distilleries company United Spirits announced Q2FY24 & H1FY24 results: Consolidated Q2FY24: Net sales at Rs 2,867 crore, up 12.0% on rebased prior year comparators, in line with growth in the standalone business. EBITDA was at Rs 467 crore, a growth of 21.4% on rebased prior year comparators. Profit after tax was at Rs 339 crore Consolidated H1FY24: Net sales for H1FY24 were at Rs 5,535 crore, up 19.5% on rebased prior year comparators. This was led by the strong growth in the standalone business and the new five-year media rights cycle (2023-27) for the Indian Premier League starting from Q1FY24. EBITDA for H1FY24 was at Rs 1,180 crore, a growth of 69.7% on rebased prior year comparators. Profit after tax was at Rs 816 crore Hina Nagarajan, CEO & Managing Director, commenting on the Q2FY24 performance, said, “We have maintained the growth and margin momentum in the second quarter of fiscal 2024 on the back of sustained investment in our brands and proven productivity muscle. Continuing our future-back consumer focus approach, we have now brought our global Tequila trademark Don Julio to India. This is in line with our strategy & commitment to bring the best from around the world to our aspiring Indian consumers. We are optimistic about the India potential of this opportunity in line with global trends. I am also delighted to inform you that the Board of Directors has approved an interim dividend of Rs 4.0 per share. This is after a long hiatus, enabled by the successful turnaround of the Company to sustained profitability. We take the opportunity to thank our long-term investors for their patience and commitment. Looking ahead, our priority is to sustain the growth momentum and realise the full potential of our portfolio offerings. While inflationary headwinds remain challenging, we remain focussed on revenue growth management & value chain productivity in our quest of long-term value creation for all our stakeholders.” Result PDF