United Spirits Ltd - Strategic Review of Selected Popular Brands

United Spirits Ltd. ("USL") is initiating a strategic review of selected Popular brands, continuing the strategy towards long-term profitable growth through premiumising the company's portfolio.

USL's Popular portfolio comprises around 30 brands and the strategic review will focus on approximately half of this portfolio by volume. This review will not include the McDowell's or Director's Special trademarks.

The strategic review is expected to be completed by the end of the 2021 calendar year.

Anand Kripalu, Managing Director & CEO, United Spirits Ltd, commented, 'This review reinforces USL's & Diageo's commitment to deliver sustainable long-term growth and improved profitability, through a sharpened focus on core Popular and Prestige & Above brands, including international brands'.

Shares of UNITED SPIRITS LTD. was last trading in BSE at Rs.550.15 as compared to the previous close of Rs. 547.15. The total number of shares traded during the day was 54713 in over 2625 trades.

The stock hit an intraday high of Rs. 556.45 and intraday low of 546.25. The net turnover during the day was Rs. 30174903.

Source : Equity Bulls

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