• Q1 net profits rise by 13.7% to INR1.37bn (US$30.6m)
  • Net sales rise by 32% to INR19.4bn
  • Operating profits (EBITDA) up by 18% to INR3.39bn
  • Vijay Mallya-controlled distiller seeks overseas expansion 
United Spirits toasts strong quarter

United Spirits toasts strong quarter

United Spirits is seeking to expand its business in Asia and Africa on the back of a strong start to its fiscal year.

United Spirits is seeking to expand its business in Asia and Africa on the back of a strong start to its fiscal year.

The Vijay Mallya-owned drinks group said this week that volume sales for the three months to the end of June rose by 15% on the same period of last year. Net sales, meanwhile, jumped by 32%, to INR19.4bn (US$433m).

At the bottom-line, the firm said that operating profits (EBITDA) rose by 18% to INR3.39bn, while net profits increased by 13.7% to INR1.37bn.

The strong gains, partially boosted by extra volumes from acquisitions of Balaji Distilleries, have fuelled United Spirits' hunger to expand beyond its native India. It said that it is "seeking to open new markets in the African and Asian continents".

It has created an 'emerging markets' business division to find opportunities.

At home, United Spirits said that it plans to increase marketing spend to cover the launch of several new drinks, including an eight-year-old Scotch whisky named Signature Premier and Vladivar Vodka, a brand that belongs to the group's UK subsidiary, Whyte & Mackay.

Click here for the company announcement.