India's United Spirits hits 4-1/2-month peak on quarterly profit rise

United Spirits

31/10/2025 04:29

** Shares of United Spirits UNSP.NS rise as much as 6.24% to 1,481 rupees, its highest since June 17

** Indian arm of spirit maker Diageo DGE.L reports nearly 41% rise in quarterly profit at 4.72 billion rupees ($53.70 million)

** Co's revenue from operations increases 7.81% to 71.92 billion rupees

** JP Morgan ("Buy") says co's quarterly performance was significantly ahead of street expectations, despite Maharashtra tax hike impact

** Macquarie says tax hike in Maharashtra remains a risk to growth

** More than 3.62 million shares change hands vs 30-day avg of 797,100 shares

** Stock recommended "Buy" on average by 23 analysts; median PT at 1,575 rupees - LSEG data

** YTD, stock down 8.89%

($1 = 87.8950 Indian rupees)

 (Reporting by Mridula Kumar)

 ((Mridula.kumar@thomsonreuters.com))