United Spirits profit rises 43.6% despite decline in revenue

Liquor firm United Spirits posted a 43.6% year-on-year increase in profit to ₹62.9 crore for the June quarter, even as revenue fell 0.5% to ₹5,847.7 crore. Sales from its popular segment, which includes brands like Bagpiper and Haywards whiskies, fell 20% because of its decision to take the franchisee route for this segment in some states.