United Spirits Limited (UNITDSPR.BO)

India's United Spirits Q4 profit rises 7% on lower expenses

India's United Spirits Ltd, which makes the Johnny Walker brand of whiskey, reported a 7.3% rise in fourth-quarter profit on Tuesday helped by narrowing costs that more than offset slowing demand. The Bengaluru-based company, which also sells brands such as McDowell's No 1, Smirnoff, and Vat 69, reported a profit of 2.04 billion Indian rupees ($24.94 million) in the quarter ended March 31, up from 1.90 billion rupees a year earlier. United Spirits said rebased net sales for its popular segment, which houses brands shrunk 6.3% due to inflationary headwinds.