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United Breweries Ltd (UBL) reported a significant fall in standalone net profit to Rs6.73 crore during the fourth quarter of 2016-17 fiscal on higher expenses.

It had posted a net profit of 52.37 crore in the same quarter of previous fiscal, the company said in a BSE filing.

Although the company’s net income on a standalone basis rose marginally during the period under review, its expenses remained higher compared to the year-ago period.

Net income stood at Rs2,562.03 crore in the last quarter of 2016-17, against Rs2,494.48 crore in the same period of previous year. Expenses jumped to Rs2,554.41 crore from Rs2,420.55 crore in the said period.

The Board has proposed dividend of Rs1.15 per equity share of Re 1 each amounting to Rs36.60 crore for the 2016 -17 fiscal subject to the approval at the ensuing annual general meeting, the filing added.

  • Louis XIII launched its first ever pop-up boutique in partnership with the Knightsbridge department store Harrods. This unique concept store tempts clients to immerse themselves in the world of Louis XIII. Every window is featured with exciting scenes inspired by cherished life moments brought to life by spectacular 3D mapping. The collection also comprised special limited edition and collector’s item: ‘Time Collection – The  Origin: 1874.’
  • Yogi Adityanath, Chief Minister of UP has warned state officials of strict action if the ban on liquor shops near big religious places is not implemented across the state. Few places include Ayodhya, Vrindavan, Chitrakoot and Deva Sharif. A total prohibition in the one-kilometre area around Kashi Vishwanath Temple in Varanasi, Krishna Janmasthan in Mathura and Sangam in Allahabad is mandatory. 
CM coordinated officials that the 8,544 liquor shops whose location must be changed after a Supreme Court order banning liquor sale along highways should be permitted to open only at a prescribed distance from schools, religious places, hospitals and populated areas.

#spiritzmagazine #liquorban #courtorder #highwaysale
  • Mahou India, a 100% subsidiary of Mahou San Miguel, has appointed Fernando Bustamante as its Chief Executive Officer. 
The appointment comes after the promotion of the previous Mahou India CEO Erik d’Auchamp, to become International Managing Director, Mahou San Miguel, a role based out of Madrid, Spain. He has been working with Mahou San Miguel 1991 in several spaces, and has spent the last 26 years holding various managerial positions in on- and off-trade business in Spain. 
#spiritzmagazine #newCEO #MahouIndia
  • LVMH’s Maison Veuve Clicquot has recently launched new champagne, Extra Brut Extra Old. It is blended from reserve wines spanning three decades from 1988-2010. It is a premium cuvée which is an expression of Yellow Label. Held in a black bottle and minimally adorned with gold inscriptions, a Yellow Label ruff pays tribute to the inspiration behind Extra Brut Extra Old. 
The house claims that the wines are at the heart of the blend’s identity and embody its house style and values. 
Extra Brut Extra Old is available in 75cl bottles and magnum in limited supply. Owing to its ultra premium status, the distribution will be selective, retailing at fine wine specialists and restaurants.

#spiritzmagazine #newchampagne #reservewine #extrabrutextraold
  • Bring your loved ones and gear up to play carefree games in the Spiritz Mirchi Live BigTap Fest on 24th-25th June at JLN Stadium

#SpiritzMagazine #MirchiLiveBigTapFest #Delhi #June
  • The launch of the premium gin, Wild Island Botanic Gin, has been announced by Colonsay Beverages featuring botanicals foraged on the Inner Hebridean Island. This gin is distilled five times using 100% British wheat infused with six Hebridean botanicals: lemon balm, wild water mint, meadowsweet, sea buckthorn, heather flowers and bog myrtle. Other 10 botanicals add further depth to the base spirit. 
Since its launch in December, the company has already produced and sold 750-bottle batches and has secured two Scottish wholesale agreements and more gains in London, implying more production to meet the rising demand. 
#spiritzmagazine #premiumgin #basespirit
  • The Glenvilet has launched exclusively to duty-free, the three single cask limited editions: The Glenlivet Fore Burn Single Cask, The Glenlivet Watercairn Single Cask and The Glenlivet Tarland Single Cask. These are set to appeal to whisky aficionados looking for a rare expression. Each single cask limited edition presents distinct taste notes and a unique opportunity to collectors to possess a piece of the Glenlivet’s legacy.

Drawn from a single sherry cask with a fruity and slight spicy finish, the Glenlivet Fore Burn Single Cask is a 19 Year Old whisky. Featuring a sweet and oaky finish, the Glenlivet Watercairn Single Cask is aged for 18 years in American bourbon casks and the Glenlivet Tarland Single Cask is bottled at cask strength for a slightly dry quality.

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  • Fabulous food, live music and too much fun! Come and be a part of Spiritz Mirchi Live BigTap Fest on 24th-25th June at JLN Stadium
#SpiritzMagazine #MirchiLiveBigTapFest #Delhi #June

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