United Spirits Dividend 2024 Record Date: Diageo-controlled liquor maker United Spirits Ltd on Friday said that its board in a meeting on has recommended a final dividend of Rs 5 per equity share for the financial year ending March 31, 2024.

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"Recommended final dividend of Rs. 5 per equity share (face value Rs. 2/- each) for the financial year ending 31st March 2024," the company said in an exchange filing.

United Spirits Dividend 2024: Record Date

According to the exchange filing, the company has set July 12 as the record date to identify the eligible shareholder for this corporate action.

"The record date for the purpose of determining the entitlement of the shareholders to pay final dividend has been fixed as Friday, 12th July 2024," the filing reads. 

United Spirits Dividend 2024: Payment Date

If declared, the final dividend will be paid on or after August 6, 2024.

"The final dividend, if any, declared at the AGM will be paid on or after 6th August 2024," the company said.

United Spirits Q4 Results

Meanwhile, the company has reported a two-fold increase in consolidated net profit to Rs 241 crore for the March quarter. The company had posted a net profit of Rs 102 crore in the year-ago period, United Spirits Ltd (USL) said in a regulatory filing. Its revenue from operations was up 12.41 per cent to Rs 6,511 crore during the quarter under review from Rs 5,792 crore a year earlier.

USL's total expenses in the March quarter were up 10.9 per cent to Rs 6,279 crore.

During the quarter, USL's consolidated net sales value (NSV) was at Rs 2,783 crore, up 11.2 per cent.

Its sports business Royal Challengers Sports Pvt Ltd (RCSPL), which owns RCB teams for IPL and WPL, has a revenue of Rs 120 crore in the March quarter.

Total income of USL, which has brands such as McDowell's, Royal Challenge, Signature, Johnnie Walker, and Black Dog in its fold, was at Rs 6,622 crore, up 14 per cent.

In March, net sales of USL Prestige and its premium liquor segment increased 6.6 per cent and accounted for 86.6 per cent of net sales.

While the popular segment accounted for 11.6 per cent of net sales during the fourth quarter of 2024. Its net sales grew 3.3 per cent during the fourth quarter.

For the financial year ended on Mar 31, 2024 USL's net profit was up 25.04 per cent to Rs 1,408 crore. It was at Rs 1,126 crore a year earlier.

However, its revenue from operations in FY24 was down 6.46 per cent to Rs 26,018 crore.

Shares of United Spirits Ltd settled at Rs 1,178.30 on BSE on Friday, down 0.35 per cent from its previous close.

With PTI Inputs