Diageo’s revenue grows following Indian acquisition

Drinks maker Diageo has reported a rise in operating profit and revenue on the back of the company’s acquisition of Indian producer United Spirits.

Its full year results show net sales up 5% to £10.8 billion, with operating profits 3% higher at £2.8 billion.

However organic sales were flat in the period, with global net sales of Guinness unchanged year-on-year despite 3% growth in the United States and 2% growth in Western Europe.