Clarification on United Spirits Standalone audited financial results for the quarter ended 31 March 2016

27 May 2016 | Press release

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Reported EBITDA margin of 4.0% in Q4 F16 is impacted by the following items:

  • Accounting reclassification(s) of certain transactions previously reported in the unaudited financial results (for the nine month ended 31 December 2015) impacted reported EBITDA
    margin. Total impact on reported EBITDA margin on Q4 F16 is (1.6)ppts and on the full year (0.4)ppts, however with no impact on reported PBT;
  • One off items and provisions impacted Q4 F16 EBITDA margin by (2.2)ppts;
  • Increased marketing investment in line with our premiumisation strategy (including Diageo brand portfolio) impacted EBITDA margin by (2.1)ppts versus the prior nine month average.