Introduction:
Leading alcohol company announced the resignation of its Managing Director and CEO, effective March 31, 2025, and appointed a CEO-Designate to oversee a smooth leadership transition and drive continued strategic growth and premiumisation initiatives.
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Share price movement of United Spirits:
On January 14, 2025, United Spirits Limited opened at ₹1,464.45, down 1.24% from its previous close of ₹1,482.80. The stock reached a high of ₹1,465.00 (-1.20%) and a low of ₹1,405.60. By 2:26 PM, it traded at ₹1,412.20, a 4.76% decline, with a market cap of ₹1,02,716.49 crore.
United Spirits Announces Leadership Transition:
United Spirits Limited announced on January 13, 2025, that Ms. Hina Nagarajan will step down as Managing Director and CEO on March 31, 2025. She will assume a new role within the Diageo group after her tenure.
The company named Mr. Praveen Someshwar as CEO-Designate, effective March 1, 2025. He will collaborate with Ms. Nagarajan during the transition and take over as MD and CEO on April 1, 2025, subject to necessary approvals.
During her tenure, Ms. Nagarajan drove strong growth and premiumisation strategies, increasing the company’s market capitalisation to over ₹1 trillion. The Board expressed gratitude for her contributions and confidence in Mr. Someshwar’s leadership to sustain progress.
Recent news on United Spirits:
As of January 08, 2024, United Spirits Limited received a ₹1.134 crore GST demand order from Kerala authorities for establishment charges (2017-2020). The company plans to challenge the demand through an appeal to higher authorities.
Stock performance of United Spirits for Period of 1 week, 6 months and 1 year:
United Spirits Limited faced an 8.78% decline over the past week but maintained a strong 14.2% growth over six months. Over the past year, it delivered an impressive 34.2% return, showcasing its long-term performance resilience.
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Shareholding pattern of United Spirits:
All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
Promoter | 56.70% | 56.70% | 56.70% |
FII | 16.10% | 15.10% | 16.70% |
DII | 13.20% | 14.00% | 12.30% |
Public | 14% | 14% | 14.40% |
About United Spirits:
United Spirits Ltd. (NSE: UNITDSPR), a subsidiary of Diageo PLC, is India’s leading beverage alcohol company. It offers a wide range of premium brands, including Johnnie Walker, Signature, McDowell’s No.1, and Captain Morgan, across various alcoholic beverages.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.