United Spirits Net Up To Rs 78.81 Cr In Q3
United Spirits, India’s largest maker of spirits, on Saturday reported a standalone net profit of Rs 78.81 crore for the third quarter ended December 2014, showing a growth of 21.4 per cent. In the corresponding quarter of the last financial year, its net profit was Rs 64.92 crore. The company has seen 4.7 per cent growth in volume and nine per cent rise in value in the strategic prestige and above brands during the quarter. “USL is in the process of revamping its banking relationships to drive advantageous terms on its borrowings and leaning on the relationships that Diageo Plc enjoys with global banks, it is already seeing a reduction in rates which is manifested in the lower costs,” the company said in a statement.