United Spirits Q2 Results Review - Stellar Performance: Dolat Capital
Robust Q2 performance was driven by 13/23% volume/growth in key prestige and above segment.
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Dolat Capital Report
After a healthy Q2-Q4 FY22, soft Q1 FY23, United Spirits Ltd. delivered a robust Q2 FY23 performance. These was driven by 13/23% volume/growth in key prestige and above segment.
Three-year volume/revenue compound annual growth rate in P&A stood at 6.3/14.5%.
Pernod Ricard reported revenue growth of 21% YoY (three-year CAGR of 10.2%). United Spirits has outperformed Pernod by healthy margin in trailing three years.
Historically, volume/revenue growth had been a key challenge for United Spirits, New Managing Director and Chief Executive Officer imbibed confidence of profitable double-digit revenue growth through necessary interventions in the product and market segments. Delivery on this front has been healthy.
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