United Spirits Q4 Results Preview: Net profit likely to grow 18%, margin may improve by 50 bps

United Spirits (UNITDSPR) Q4 FY24 Results Preview: Beverage alcohol company United Spirits Ltd (USL) is scheduled to report its financial results for the quarter as well as the year ended March 31 on Friday, May 24. Analysts expect the Bengaluru-headquartered firm to stage a strong financial performance for the fourth and final quarter of FY24. 

According to Zee Business research, United Spirits is estimated to log a standalone net profit of Rs 241 crore for the January-March period, which translates into a year-on-year increase of 18.1 per cent. The analysts expect the alcohol maker—whose popular brands include Black Dog, Antiquity and Signature—to register revenue of Rs 2,591 crore for the three-month period, up 3.8 per cent over the year-ago quarter. 

USL is estimated to report a 7.3 per cent rise in quarterly earnings before interest, taxes, depreciation and amortisation (EBITDA) to Rs 363 crore with a 50-basis-point improvement in its margin to 14 per cent, according to the research.

Zee Business analysts estimate mid-single-to-double-digit volume growth in USL's 'prestige and above' (P&A) segment.

United Spirits Q3 FY24 Results Summary

For the October-December period, United Spirits reported a three-fold increase in its standalone net profit to Rs 348 crore from Rs 111 crore a year ago, with 7.4 per cent growth in revenue to Rs 2,989 crore.

Its third-quarter margin stood at 16.4 per cent, up 320 basis points over the year-ago period, according to a regulatory filing. 

Zee Business analysts had pegged USL's December-quarter net profit at Rs 189 crore, revenue at Rs 2,997 crore and margin at 14.6 per cent. 

United Spirits Shares: Past Performance

As of May 22, USL shares have grown 42 per cent in a year, sharply outperforming a rally of almost 25 per cent in the headline Nifty50 index.

The stock finished the March quarter 1.5 per cent stronger while the Nifty rose 2.7 per cent. 

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