United Spirits profit rose to Rs 929cr this quarter

United Spirits, one of the largest breweries in the world has reported a net profit of Rs 929 crore for the quarter ended September, against loss of Rs 26.9 crore a year ago, helped by exceptional gain from United Breweries stake sale. The company's profit rose 121 per cent to Rs189.4 crore without exceptional items, reported PTI.

India's largest liquor firm also reported 4.3 per cent year on year increase in total income at Rs 2,151 crore.

United Spirits, now controlled by the world's largest spirits maker Diageo, appointed Sanjeev Churiwala as its chief financial officer, effective 16th November 2015.

Sanjeev comes from Ambuja Cements where he was the CFO since four years and replaced by Vinod Rao, Finance Director at Asia Pacific at Diageo, who was serving as interim Head of Finance since the past few months.