United Breweries, the Vijay Mallya-promoted group is not exactly flying high these days, if the latest quarterly results are anything to go by. Performance was mixed at the two leading arms of the UB group—United Breweries and United Spirits. Maker of popular whisky brand McDowell’s No.1, United Spirits posted a sharp 26% decline in September quarter net profit, due mostly to high operating costs and interest payments. Net profit plunged to Rs69.60 crore from Rs93.90 crore a year earlier. 
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