Jul 23, 2019 / 06:30AM GMT
Operator
Ladies and gentlemen, good day and welcome to the United Spirits Limited First Quarter FY '20 Results Conference Call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Anand Kripalu, Managing Director and Chief Executive Officer; and Mr. Sanjeev Churiwala, ED and Chief Financial Officer from United Spirits Limited. Thank you and over to you, sir.
Anand Kripalu - United Spirits Limited - MD, CEO & Additional Director
Thank you very much and very good afternoon, everyone, and a very warm welcome to the FY '20 Q1 results call.
Before we open up the lines for Q&A, as we typically do, I just wanted to provide a context of our results that we announced last evening. As you may have seen in the published results, net sales grew 10% in the first quarter, partially benefiting from a one-time sale of our surplus Scotch stock in the U.K. Excluding that, underlying net sales grew 6%. The Prestige & Above segment grew 9% on a solid base of 19% net sales growth in the same quarter
Q1 2020 United Spirits Ltd Earnings Call Transcript
Jul 23, 2019
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