USL continues to benefit from the business synergies through the implementation of Diageo's global best practices across business functions which have complemented its large scale of operations.
ICRA said the ratings also consider USL's strong market position in the domestic spirits industry supported by its large distribution network, wide product portfolio and presence across price points, flavours and segments.
USL manufactures, sells and distributes a portfolio of premium brands like Johnnie Walker, Black Dog, Black & White, VAT 69, Antiquity, Signature, Royal Challenge, McDowell's No.1, Smirnoff and Captain Morgan.
With sales volumes of 79.7 million cases during FY2020, the company is the largest player in the domestic spirits industry. Headquartered in Bengaluru, the company's footprint is supported by 50-plus manufacturing facilities across states and union territories.
In FY20, it had operating income of Rs 9,325 crore and profit after tax of Rs 624 crore.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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