<p class="title">Liquor major United Spirits on Monday reported about 29% rise in its standalone net profit at Rs 81.3 crore for the first quarter ended June 30, 2018.</p>.<p class="bodytext">The company had posted a net profit of Rs 62.9 crore in the corresponding quarter last fiscal, Diageo-controlled firm said in a regulatory filing.</p>.<p class="bodytext">Its total income during the quarter under review was at Rs 6,436.6 crore, up from Rs 5,847.7 crore in same quarter last fiscal, it added.</p>.<p class="bodytext">The company's performance has continued to improve in the first quarter as the operating environment has become more stable, United Spirits CEO Anand Kripalu said.</p>.<p class="bodytext">"During the quarter, overall net sales growth excluding the impact of operating model changes was 14%, benefitting from lapping the impact of highway ban last year, while also driven by improved performance of the Prestige and Above segment," he added.</p>.<p class="bodytext">Kripalu pointed that this quarter, the company significantly accelerated the investment behind its brands with marketing spend up 30% compared to last year.</p>.<p class="bodytext">"Looking forward, we will continue to focus on premiumisation, strengthening our brands and driving productivity...We reiterate our medium-term ambition to deliver double digit topline growth and improve margins to mid-high teens," he said.</p>
<p class="title">Liquor major United Spirits on Monday reported about 29% rise in its standalone net profit at Rs 81.3 crore for the first quarter ended June 30, 2018.</p>.<p class="bodytext">The company had posted a net profit of Rs 62.9 crore in the corresponding quarter last fiscal, Diageo-controlled firm said in a regulatory filing.</p>.<p class="bodytext">Its total income during the quarter under review was at Rs 6,436.6 crore, up from Rs 5,847.7 crore in same quarter last fiscal, it added.</p>.<p class="bodytext">The company's performance has continued to improve in the first quarter as the operating environment has become more stable, United Spirits CEO Anand Kripalu said.</p>.<p class="bodytext">"During the quarter, overall net sales growth excluding the impact of operating model changes was 14%, benefitting from lapping the impact of highway ban last year, while also driven by improved performance of the Prestige and Above segment," he added.</p>.<p class="bodytext">Kripalu pointed that this quarter, the company significantly accelerated the investment behind its brands with marketing spend up 30% compared to last year.</p>.<p class="bodytext">"Looking forward, we will continue to focus on premiumisation, strengthening our brands and driving productivity...We reiterate our medium-term ambition to deliver double digit topline growth and improve margins to mid-high teens," he said.</p>