Alcohol beverages company United Spirits Ltd’s March quarter profit margin was ahead of expectations. United Spirits’ revenues were up 11.6% year-on-year to ₹2,224 crore. The P&A segment contributed nearly 69% of United Spirits’ revenues for the quarter. Meanwhile, United Spirits has done well on the debt reduction front. To be sure, shares of United Spirits are around 20% lower than their pre-covid highs witnessed in February 2020.

Source: Mint May 24, 2021 20:26 UTC