United Spirits financials

Latest results Q2 FY27 · Jul–Sep 2026
Revenue
₹7,014cr−2.6% on Q2 FY26
Net profit
₹428cr−7.8% on Q2 FY26
EBITDA margin
9.2%0.0 pts on Q2 FY26
EPS
₹6.03−7.7% on Q2 FY26

Quarterly results

Every quarter ›
₹ croreQ2 FY27Q2 FY26Change
Revenue7,0147,199−2.6%
EBITDA643660−2.6%
EBITDA margin9.2%9.2%0.0 pts
Profit before tax619625−1.0%
Net profit428464−7.8%
EPS₹6.03₹6.53−7.7%

Over time

Q2 FY27 · Jul–Sep 2026latest
Revenue₹7,014 crNet profit₹428 crNet margin6.1%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
88,987————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
2,0862,0162,2011,651371
4.04.00.00.00.0
6.06.00.025.01.1
86,911————
27,93327,81627,27626,01827,815
—+2.0%+4.8%−6.5%—
2,2642,2862,2432,0011,417
8.1%8.2%8.2%7.7%5.1%
1,9601,9971,9601,7261,134
1,8471,8381,5821,4081,126
6.6%6.6%5.8%5.4%4.1%
₹25.48₹25.36₹21.82₹19.42₹15.67
—+16.2%+12.4%+23.9%—
—1,4591,9471,118615
—−181−162−98.0−137
1,2781,2781,7851,020478
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

UNITDSPR₹1,227.40

United Spirits Ltd.

· FMCG & Retail
₹ CrorePeersRADICOUBLTIVBLGODREJCPBRITANNIATATACONSUMNESTLEINDMcap ₹88,987 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization————88,986.5
- Cash, Equiv & ST Investments370.91,651.02,201.02,016.02,086.0
+ Minority Interest0.00.00.04.04.0
+ Total Debt1.125.00.06.06.0
Enterprise Value————86,910.5
Revenue27,815.426,018.027,276.027,816.027,933.0
Growth %, YoY—-6.5+4.8+2.0—
EBITDA1,416.92,001.02,243.02,286.02,264.0
Margin %5.097.698.228.228.11
EBIT1,134.41,726.01,960.01,997.01,960.0
Net Income1,125.81,408.01,582.01,838.01,847.2
Margin %4.055.415.806.616.61
EPS, Adj (current shares)15.6719.4221.8225.3625.48
Growth %, YoY—+23.9+12.4+16.2—
Cash from Operations614.71,118.01,947.01,459.0—
Capital Expenditures-136.6-98.0-162.0-181.0—
Free Cash Flow478.11,020.01,785.01,278.01,278.0
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

United Spirits financials and key ratios

Prices at the 29 October 2026 close · figures from the company's filings with NSE

United Spirits (NSE: UNITDSPR) had a market capitalisation of ₹93,489 crore at the 29 October 2026 close (₹1,289.50 a share), a PE ratio of 50.6 on the last four quarters' profit and a price-to-book ratio of 10.32. In FY26 its consolidated net profit was ₹1,838 crore on revenue of ₹27,816 crore; in Q2 FY27 (July–September 2026) it was ₹428 crore, down 7.8% year on year. Its debt-to-equity ratio was 0.00 on 30 September 2026. Promoters held 56.67% of the shares on 30 September 2026.

United Spirits Q2 FY27 results
filed 28 October 2026
Share price used
₹1,289.50 · 29 October 2026 close
Latest balance sheet
30 September 2026
Shareholding pattern
30 September 2026

United Spirits at a glance · consolidated

Market cap
₹93,489 Crat ₹1,289.50 · 29 Oct close
PE ratio (last 4 quarters)
50.650.9 on FY26 profit
Price to book (PB)
10.32book value ₹124.99 a share
ROE (FY26)
21.6%+0.8 pts vs FY25ROCE 22.0%
Debt to equity
0.00net cash ₹3,744 Cr
Promoter holding
56.67%unchanged vs 30 Jun 202630 September 2026
Dividend yield
1.32%₹17 a share in 12 months
Net worth
₹9,062 Cr+7.8% vs 30 Sep 202530 September 2026
Free cash flow (FY26)
₹1,278 Cr−28.4% vs FY25

Questions

What is the United Spirits PE ratio today?

United Spirits' PE ratio is 50.6 at the 29 October 2026 close (₹1,289.50 a share): a market capitalisation of ₹93,489 crore divided by consolidated net profit of ₹1,847 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹1,838 crore) it is 50.9.

Is United Spirits debt free?

No. United Spirits had borrowings of ₹4 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.00. Its cash and current investments were ₹3,748 crore, so it held net cash of ₹3,744 crore.

What is the United Spirits debt to equity ratio?

United Spirits' debt-to-equity ratio was 0.00 on 30 September 2026: borrowings of ₹4 crore against total equity of ₹9,066 crore. A year earlier, on 30 September 2025, it was 0.00.

What is the United Spirits PB ratio (price to book value)?

United Spirits' price-to-book (PB) ratio is 10.32 at the 29 October 2026 close: a market capitalisation of ₹93,489 crore divided by shareholders' equity (book value) of ₹9,062 crore on 30 September 2026. That is a book value of ₹124.99 per share against a share price of ₹1,289.50.

What is the United Spirits net worth?

United Spirits' net worth — shareholders' equity in its consolidated balance sheet — was ₹9,062 crore on 30 September 2026, up 7.8% from ₹8,408 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹93,489 crore at the 29 October 2026 close.

What is the United Spirits ROE and ROCE?

In FY26, United Spirits' return on equity (ROE) was 21.6% and its return on capital employed (ROCE) was 22.0%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 20.8% and ROCE 24.7%.

What is the United Spirits market cap?

United Spirits' market capitalisation was ₹93,489 crore at the 29 October 2026 close: 72.5 crore shares at ₹1,289.50 each.

What is the United Spirits EPS?

United Spirits' basic earnings per share (EPS) were ₹25.89 in FY26, against ₹22.28 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹26.02.

What is the United Spirits dividend in 2026 and its record date?

In 2026, United Spirits has declared two dividends totalling ₹17 a share: ₹6 (interim) with record date 27 January 2026 and ₹11 with record date 8 July 2026.

What is the United Spirits book value per share?

United Spirits' book value per share was ₹124.99 on 30 September 2026: shareholders' equity of ₹9,062 crore divided by the 72.5 crore shares in issue, up 7.8% from ₹115.97 a year earlier. The share price at the 29 October 2026 close was ₹1,289.50.

What are the United Spirits latest quarterly results?

United Spirits' latest results are for Q2 FY27 (July–September 2026), filed on 28 October 2026: consolidated net profit ₹428 crore, down 7.8% from ₹464 crore in Q2 FY26; revenue from operations ₹7,014 crore, down 2.6% year on year.

What is the United Spirits revenue and profit in FY26?

In FY26 (April 2025–March 2026), United Spirits' consolidated net profit was ₹1,838 crore, up 16.2% from ₹1,582 crore in FY25, on revenue from operations of ₹27,816 crore (up 2.0%). Over three years, from FY23, net profit was up 61.8%.

What is the United Spirits dividend yield?

United Spirits' dividend yield is 1.32% at the 29 October 2026 close: dividends of ₹17 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹1,289.50. They were ₹11 on 8 July 2026 and ₹6 on 27 January 2026 (interim).

What is the United Spirits free cash flow?

In FY26, United Spirits generated ₹1,459 crore of cash from operations and spent ₹181 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹1,278 crore. In FY25 it was ₹1,785 crore.

When are the United Spirits next results?

United Spirits has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.

What is the United Spirits promoter holding?

Promoters held 56.67% of United Spirits on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.

What is the United Spirits shareholding pattern?

On 30 September 2026, United Spirits' shares were held by promoters 56.67%, foreign portfolio investors (FII/FPI) 12.85%, domestic institutions (DII) 17.65% (including mutual funds at 14.83%) and retail and other non-institutional investors 12.82%. Over the year, FII holding was down 1.53 percentage points from 14.38% and DII holding was up 2.75 percentage points from 14.90%.

United Spirits vs Radico Khaitan: how do they compare?

In FY26, United Spirits earned net profit of ₹1,838 crore on revenue of ₹27,816 crore, against ₹604 crore on ₹20,976 crore for Radico Khaitan. United Spirits' operating margin was 7.2% (Radico Khaitan 4.1%) and its return on equity 21.6% (Radico Khaitan 19.9%). At the 29 October 2026 close, United Spirits' market capitalisation was ₹93,489 crore against ₹56,742 crore for Radico Khaitan, and its PE ratio on FY26 profit 50.9 against 93.9.

How does United Spirits compare with its peers?

On FY26 consolidated figures, against Radico Khaitan, United Breweries and Tilaknagar Industries: United Spirits' operating margin of 7.2% is the highest of the four (Radico Khaitan 4.1%, United Breweries 3.1%, Tilaknagar Industries 6.5%; peer average 4.6%); its return on equity of 21.6% is the highest of the four (Radico Khaitan 19.9%, United Breweries 9.3%, Tilaknagar Industries 1.1%; peer average 10.1%); its revenue growth over three years of 0.0% a year is the lowest of the four (Radico Khaitan 18.1% a year, United Breweries 1.6% a year, Tilaknagar Industries 28.6% a year; peer average 16.1% a year).

Where do these United Spirits figures come from?

From United Spirits' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.