United Spirits Limited announced unaudited standalone earnings results for the second quarter and six months ended September 30, 2017. For the quarter, the company's revenue from operations was INR 62,146 million against INR 60,173 million a year ago. Profit before exceptional items and taxation was INR 2,497 million against INR 1,143 million a year ago. Profit before tax was INR 2,353 million against INR 1,183 million a year ago. Profit for the period was INR 1,531 million or INR 10.53 per basic and diluted share against INR 825 million or INR 5.68 per basic and diluted share a year ago. EBITDA was INR 3,180 million, up 57%, EBITDA margin of 16.3%, up 631bps both primarily driven by increased gross margin and lower staff costs, partially offset by marketing investment increasing 11%. Underlying EBITDA up 37% and EBITDA margin of 16.3%, up 396bps excluding the one off impact

For the six months, the company's revenue from operations was INR 120,314 million against INR 118,704 million a year ago. Profit before exceptional items and taxation was INR 3,356 million against INR 2,227 million a year ago. Profit before tax was INR 3,204 million against INR 1,874 million a year ago. Profit for the period was INR 2,160 million or INR 14.86 per basic and diluted share against INR 1,263 million or INR 8.69 per basic and diluted share a year ago. EBITDA was INR 4,750 million, up 14%, EBITDA margin of 12.7%, up 251bps both primarily driven by increased gross margin and lower staff costs. Underlying EBITDA up 9% and EBITDA margin of 13.3%, up 135bps excluding the one off impact. Closing net debt was INR 35,310 million in the first half of 2017. EBIT was INR 4,720 million against INR 4,140 million a year ago.

Throughout the year, company announced the guidance of INR 1,500 million to INR 2,000-odd million of CapEx spending.