Whyte and Mackay toasts profit rise as sales slump 8%
Whyte & Mackay owner United Spirits reported a slump in sales but saw profits double in its most recent quarter of trading.
India’s largest spirits group, which owns Scottish brands including Jura and Dalmore, said sales had fallen 8% to £205.6million for the quarter ended 30 September as high prices hurt demand and the company lost market share to rivals.
But profits at the firm more than doubled to £9.4million in its second quarter compared with the same period the year before, as signs that its controlling shareholder Diageo was making progress reforming the group.
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