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United Spirits posts stronger profit but margin pressure persists
United Spirits beat profit estimates in Q3, but margin pressure and higher costs limited upside optimism among investors.
United Spirits reported December quarter net profit of Rs 529 crore, exceeding analyst estimates of Rs 497 crore. Revenue met expectations, supported by steady premium portfolio demand and stable volumes. Operating margins, however, remained under pressure due to higher input costs and elevated advertising spending. Market reaction stayed cautious as the investors assessed margin recovery visibility and near term cost headwinds.