United Spirits shares rally 7% as Q2 net profit surges 36% to Rs 464 crore
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Shares of United Spirits Ltd rallied as much as 7% to their day’s high of Rs 1,488 in morning deals on Friday, October 31, after the company reported a solid set of numbers for the second quarter of the financial year 2026. During the quarter under review, United Spirits’ consolidated net profit rose 36% to Rs 464 crore from Rs 341 crore reported in the same quarter of the previous financial year. Its revenue from operations came in at Rs 7,199 crore, marking a 8% versus Rs 6,672 crore posted in the corresponding quarter of the previous fiscal year. EBITDA came in at Rs 660 crore, marking a 31.5% rise, primarily driven by strong performance in the standalone business, the company said in a press release statement on October 30. Praveen Someshwar, CEO and Managing Director, said the company delivered a strong quarter both in topline and EBITDA growth, in line with expectations despite regulatory headwinds in Maharashtra. “Looking ahead, th...