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Diageo H2 Earnings Call Highlights
['Trevor Kearing']
Daily Political
Organic net sales declined 2%, while organic operating profit increased 2%, supported by cost savings under its Accelerate program.
Diageo Beer Company, however, posted approximately 4% organic growth, led by Guinness and Smirnoff ready-to-drink products.
India delivered roughly 7% organic net sales growth, supported by momentum in prestige-and-above brands, locally inspired Smirnoff flavors and format innovation for Royal Challenge.
Growth in Europe, Latin America and AfricaEurope generated approximately 3% organic net sales growth.
Latin America and the Caribbean recorded sales growth in most markets, with particularly strong performance in Brazil and Colombia.