United Spirits Shares Decline Over 3% Following Q3 Earnings
📉 United Spirits (USL) Q3 Performance
United Spirits shares saw a drop of **more than three percent** on Wednesday, reacting to the company's third-quarter results.
The Diageo-controlled liquor manufacturer posted a significant increase in net profit, which rose by **over twenty-four percent** to reach **₹418 crore**.
Despite the strong profit growth, investor sentiment was dampened by modest revenue figures. Revenue from operations recorded a growth of only **$2.71\%$**. The limited top-line expansion did not meet market expectations, leading to the share price decline.