United Spirits, India's largest spirits firm, has posted a 25 per cent decline in net profit to Rs 69.6 crore for the quarter ended September 30, 2009 where as the same was at Rs 94 crore for the quarter ended September 30, 2008.
Total Income is up 19 per cent to Rs 1091 crore for the quarter ended September 30, 2009 where as the same was at Rs 914 crore for the quarter ended September 30, 2008.
The company detailing the drop in net profit has said that during the corresponding quarter of last fiscal the cost of its raw materials were low and it has shot up by 114 crore during the current period. USL also added that its interest cost shot up almost twice to Rs 75 crore.
