United Spirits quarterly results

Q2 FY27 · Jul–Sep 2026

₹ crore	Q2 FY27	Q2 FY26	Change
Revenue	7,014	7,199	−2.6%
EBITDA	643	660	−2.6%
EBITDA margin	9.2%	9.2%	0.0 pts
Profit before tax	619	625	−1.0%
Net profit	428	464	−7.8%
EPS	₹6.03	₹6.53	−7.7%

Every quarter

₹ crore except per share

Tap a line for its trend	Q2 FY27Sep 2026	Q1 FY27Jun 2026	Q4 FY26Mar 2026	Q3 FY26Dec 2025	Q2 FY26Sep 2025	Q1 FY26Jun 2025	Q4 FY25Mar 2025	Q3 FY25Dec 2024	Q2 FY25Sep 2024	Q1 FY25Jun 2024	Q4 FY24Mar 2024	Q3 FY24Dec 2023	Earlier quartersAlpha Plus

Expenses
	7,014	6,122	6,855	7,942	7,199	6,295	6,634	7,732	6,672	6,238	6,511	6,962	Earlier quartersEvery year the company has filed comes with Alpha Plus.
	65.0	73.0	295	51.0	81.0	72.0	175	72.0	54.0	35.0	111	52.1
	7,079	6,195	7,150	7,993	7,280	6,367	6,809	7,804	6,726	6,273	6,622	7,014
	1,732	1,179	1,736	1,448	1,638	1,185	1,402	1,493	1,460	1,088	1,358	1,309
	290	60.0	90.0	151	432	135	185	343	195	141	155	221
	−326	223	−219	361	−392	108	49.0	61.0	−97.0	77.0	−2.0	162
	153	133	142	177	179	137	137	174	163	135	135	142
	24.0	30.0	69.0	19.0	21.0	49.0	22.0	20.0	25.0	22.0	29.0	16.4
	76.0	72.0	76.0	80.0	65.0	76.0	70.0	72.0	69.0	72.0	73.0	62.8
	4,522	4,098	4,513	5,206	4,682	4,086	4,401	5,093	4,449	4,084	4,531	4,642
	6,471	5,795	6,407	7,442	6,625	5,776	6,266	7,256	6,264	5,619	6,279	6,555
	643	429	593	599	660	644	460	568	502	713	334	487
	567	357	517	519	595	568	390	496	433	641	261	424
Profit
	608	400	743	551	655	591	543	548	462	654	343	459
	11.0	−81.0	−40.0	−10.0	−30.0	−14.0	0.0	−65.0	0.0	0.0	−31.0	0.0
	619	319	703	541	625	577	543	483	462	654	312	459
	163	84.0	215	163	164	161	116	146	111	171	106	115
	−5.0	−2.0	−80.0	−40.0	−4.0	−7.0	5.0	−1.0	8.0	−3.0	−35.0	−5.5
	158	82.0	135	123	160	154	121	145	119	168	71.0	109
	−1.0	−0.5	0.0	−0.3	−1.0	−6.0	−1.0	−3.0	−2.0	−1.0	0.0	−0.1
	428	463	539	418	464	417	421	335	341	485	241	350
	461	237	568	418	465	423	422	338	343	486	241	350
	−32.0	226	−29.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	1.0	0.4	2.0	1.0	1.0	5.0	2.0	−5.0	4.0	−1.0	−1.0	3.0
	429	463	541	419	465	422	423	330	345	484	240	353
	428	463	539	418	464	417	421	335	341	485	241	350
	−0.1	−0.1	0.1	−0.1	−0.2	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Per share
	₹6.03	₹6.52	₹7.59	₹5.88	₹6.53	₹5.87	₹5.93	₹4.72	₹4.80	₹6.83	₹3.40	₹4.93
	₹6.03	₹6.52	₹7.59	₹5.88	₹6.53	₹5.87	₹5.93	₹4.72	₹4.80	₹6.83	₹3.40	₹4.93
Continuing & discontinued operations
	−9.0	268	−45.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
	23.0	42.0	−16.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other comprehensive income — detail
	1.0	0.4	2.0	1.0	1.0	5.0	2.0	—	—	—	—	—
	—	—	−1.0	—	—	—	−3.0	—	—	—	4.0	0.0
	0.0	0.0	0.0	—	—	—	−1.0	—	—	—	—	—
	—	—	—	—	—	—	—	0.0	0.0	0.0	1.0	0.0
	1.0	0.4	3.0	1.0	1.0	5.0	4.0	−5.0	4.0	−1.0	−4.0	—
	—	—	—	—	—	—	—	0.0	0.0	0.0	0.0	−3.0
	429	463	541	419	465	422	423	—	345	484	240	353
	−0.1	−0.1	0.1	−0.1	−0.2	0.0	0.0	—	0.0	0.0	0.0	0.0
Per share — as-filed variants
	₹6.48	₹3.34	₹8.00	₹5.88	₹6.53	₹5.87	₹5.93	₹4.72	₹4.80	₹6.83	₹3.40	₹4.93
	₹6.48	₹3.34	₹8.00	₹5.88	₹6.53	₹5.87	₹5.93	₹4.72	₹4.80	₹6.83	₹3.40	₹4.93
	−₹0.45	₹3.18	−₹0.41	₹0.00	₹0.00	₹0.00	₹0.00	₹0.00	₹0.00	₹0.00	₹0.00	₹0.00
	−₹0.45	₹3.18	−₹0.41	₹0.00	₹0.00	₹0.00	₹0.00	₹0.00	₹0.00	₹0.00	₹0.00	₹0.00
Derived — gross profit (revenue − materials − purchases − Δ inventories)
	5,318	4,660	5,248	5,982	5,521	4,867	4,998	5,835	5,114	4,932	5,000	5,271
	75.8%	76.1%	76.6%	75.3%	76.7%	77.3%	75.3%	75.5%	76.6%	79.1%	76.8%	75.7%
Adjusted (ex-exceptional items) — derived
	608	400	743	551	655	591	543	548	462	654	343	459
	11.0	−81.0	−40.0	−10.0	−30.0	−14.0	0.0	−65.0	0.0	0.0	−31.0	0.0
	420	523	571	425	486	427	421	380	341	485	265	350
	₹5.91	₹7.37	₹8.05	₹5.99	₹6.84	₹6.01	₹5.93	₹5.36	₹4.80	₹6.83	₹3.74	₹4.93

Open the chart

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

alphave

UNITDSPR₹1,227.40

United Spirits Ltd.

· FMCG & Retail

Annual Quarterly₹ CrorePeersRADICO UBL TI VBL GODREJCP BRITANNIA TATACONSUM NESTLEINDMcap ₹88,987 Cr

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In ₹ Crore except Per Share 3 Months Ending	Q3 FY24 31/12/2023	Q4 FY24 31/03/2024	Q1 FY25 30/06/2024	Q2 FY25 30/09/2024	Q3 FY25 31/12/2024	Q4 FY25 31/03/2025	Q1 FY26 30/06/2025	Q2 FY26 30/09/2025	Q3 FY26 31/12/2025	Q4 FY26 31/03/2026	Q1 FY27 30/06/2026	Q2 FY27 30/09/2026
Revenue from Operations	6,962.0	6,511.0	6,238.0	6,672.0	7,732.0	6,634.0	6,295.0	7,199.0	7,942.0	6,855.0	6,122.0	7,014.0
Other Income	52.1	111.0	35.0	54.0	72.0	175.0	72.0	81.0	51.0	295.0	73.0	65.0
Total Income	7,014.1	6,622.0	6,273.0	6,726.0	7,804.0	6,809.0	6,367.0	7,280.0	7,993.0	7,150.0	6,195.0	7,079.0
Expenses
+ Cost of Materials Consumed	1,308.8	1,358.0	1,088.0	1,460.0	1,493.0	1,402.0	1,185.0	1,638.0	1,448.0	1,736.0	1,179.0	1,732.0
+ Purchases of Stock-in-Trade	220.6	155.0	141.0	195.0	343.0	185.0	135.0	432.0	151.0	90.0	60.0	290.0
+ Changes in Inventories	162.0	-2.0	77.0	-97.0	61.0	49.0	108.0	-392.0	361.0	-219.0	223.0	-326.0
+ Employee Benefit Expense	142.2	135.0	135.0	163.0	174.0	137.0	137.0	179.0	177.0	142.0	133.0	153.0
+ Finance Costs	16.4	29.0	22.0	25.0	20.0	22.0	49.0	21.0	19.0	69.0	30.0	24.0
+ Depreciation & Amortisation	62.8	73.0	72.0	69.0	72.0	70.0	76.0	65.0	80.0	76.0	72.0	76.0
+ Other Expenses	4,641.9	4,531.0	4,084.0	4,449.0	5,093.0	4,401.0	4,086.0	4,682.0	5,206.0	4,513.0	4,098.0	4,522.0
Total Expenses	6,554.7	6,279.0	5,619.0	6,264.0	7,256.0	6,266.0	5,776.0	6,625.0	7,442.0	6,407.0	5,795.0	6,471.0
EBITDA	486.5	334.0	713.0	502.0	568.0	460.0	644.0	660.0	599.0	593.0	429.0	643.0
EBIT	423.7	261.0	641.0	433.0	496.0	390.0	568.0	595.0	519.0	517.0	357.0	567.0
Profit
PBT before Exceptional Items	459.4	343.0	654.0	462.0	548.0	543.0	591.0	655.0	551.0	743.0	400.0	608.0
+ Exceptional Items	0.0	-31.0	0.0	0.0	-65.0	0.0	-14.0	-30.0	-10.0	-40.0	-81.0	11.0
Pretax Income	459.4	312.0	654.0	462.0	483.0	543.0	577.0	625.0	541.0	703.0	319.0	619.0
+ Current Tax	114.6	106.0	171.0	111.0	146.0	116.0	161.0	164.0	163.0	215.0	84.0	163.0
+ Deferred Tax	-5.5	-35.0	-3.0	8.0	-1.0	5.0	-7.0	-4.0	-40.0	-80.0	-2.0	-5.0
Tax Expense	109.1	71.0	168.0	119.0	145.0	121.0	154.0	160.0	123.0	135.0	82.0	158.0
+ Share of Associates & JVs	-0.1	0.0	-1.0	-2.0	-3.0	-1.0	-6.0	-1.0	-0.3	0.0	-0.5	-1.0
Net Income	350.2	241.0	485.0	341.0	335.0	421.0	417.0	464.0	417.7	539.0	462.5	428.0
+ Net Income — Continuing Ops	350.3	241.0	486.0	343.0	338.0	422.0	423.0	465.0	418.0	568.0	237.0	461.0
+ Net Income — Discontinued Ops	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-29.0	226.0	-32.0
+ Other Comprehensive Income	3.0	-1.0	-1.0	4.0	-5.0	2.0	5.0	1.0	1.0	2.0	0.4	1.0
Total Comprehensive Income	353.2	240.0	484.0	345.0	330.0	423.0	422.0	465.0	418.7	541.0	462.9	429.0
Net Income to Common	350.2	241.0	485.0	341.0	335.0	421.0	417.0	464.2	417.8	539.0	462.6	428.1
Minority Interest	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-0.2	-0.1	0.1	-0.1	-0.1
Per Share
Basic EPS	4.93	3.40	6.83	4.80	4.72	5.93	5.87	6.53	5.88	7.59	6.52	6.03
Diluted EPS	4.93	3.40	6.83	4.80	4.72	5.93	5.87	6.53	5.88	7.59	6.52	6.03
Continuing & Discontinued Operations
+ Discontinued Operations — before Tax	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-45.0	268.0	-9.0
+ Tax — Discontinued Operations	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-16.0	42.0	23.0
Other Comprehensive Income — detail
+ Other Comprehensive Income	—	—	—	—	—	2.0	5.0	1.0	1.0	2.0	0.4	1.0
+ Items NOT to be Reclassified to P&L	0.0	4.0	—	—	—	-3.0	—	—	—	-1.0	—	—
+ Tax on Items NOT to be Reclassified	—	—	—	—	—	-1.0	—	—	—	0.0	0.0	0.0
+ Tax on Items NOT to be Reclassified — alt tag	0.0	1.0	0.0	0.0	0.0	—	—	—	—	—	—	—
+ Items to be Reclassified to P&L	—	-4.0	-1.0	4.0	-5.0	4.0	5.0	1.0	1.0	3.0	0.4	1.0
+ Tax on Items to be Reclassified — alt tag	-3.0	0.0	0.0	0.0	0.0	—	—	—	—	—	—	—
Comprehensive Income — Owners of Parent	353.2	240.0	484.0	345.0	—	423.0	422.0	465.2	418.8	541.0	463.1	429.1
Comprehensive Income — Non-controlling Interests	0.0	0.0	0.0	0.0	—	0.0	0.0	-0.2	-0.1	0.1	-0.1	-0.1
Per Share — as-filed variants
Basic EPS — Continuing Operations	4.93	3.40	6.83	4.80	4.72	5.93	5.87	6.53	5.88	8.00	3.34	6.48
Diluted EPS — Continuing Operations	4.93	3.40	6.83	4.80	4.72	5.93	5.87	6.53	5.88	8.00	3.34	6.48
Basic EPS — Discontinued Operations	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.41	3.18	-0.45
Diluted EPS — Discontinued Operations	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.41	3.18	-0.45
Derived — Gross Profit (Revenue − Materials − Purchases − Δ Inventories)
Gross Profit	5,270.6	5,000.0	4,932.0	5,114.0	5,835.0	4,998.0	4,867.0	5,521.0	5,982.0	5,248.0	4,660.0	5,318.0
Gross Margin %	75.71	76.79	79.06	76.65	75.47	75.34	77.32	76.69	75.32	76.56	76.12	75.82
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	459.4	343.0	654.0	462.0	548.0	543.0	591.0	655.0	551.0	743.0	400.0	608.0
− Exceptional Items (reconciliation)	0.0	-31.0	0.0	0.0	-65.0	0.0	-14.0	-30.0	-10.0	-40.0	-81.0	11.0
Net Income Adj (tax-effected)	350.2	264.9	485.0	341.0	380.5	421.0	427.3	486.3	425.4	571.3	522.7	419.8
EPS Adj	4.93	3.74	6.83	4.80	5.36	5.93	6.01	6.84	5.99	8.05	7.37	5.91
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00
Paid Up Equity Capital	145.5	145.0	145.0	145.0	145.0	145.0	145.0	145.0	145.0	145.0	145.0	145.0

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: Q2 FY27 · 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 Q2 FY27 results (July–September 2026)

Filed with NSE on Wednesday, 28 October 2026 at 5:46 pm IST

United Spirits (NSE: UNITDSPR) reported its Q2 FY27 results (July–September 2026) on Wednesday, 28 October 2026 at 5:46 pm IST. Consolidated net profit was ₹428 crore, down 7.8% from ₹464 crore in Q2 FY26 and down 7.5% from ₹463 crore in Q1 FY27. Revenue from operations was ₹7,014 crore, down 2.6% year on year and up 14.6% from the previous quarter.

Q2 FY26 results (a year earlier): 30 October 2025
Q3 FY27 results due by: 14 February 2027

Q2 FY27 at a glance · consolidated

Net profit: ₹428 Cr−7.8% vs Q2 FY26−7.5% vs Q1 FY27
Revenue from operations: ₹7,014 Cr−2.6% vs Q2 FY26+14.6% vs Q1 FY27
Operating margin (EBIT): 8.1%−0.2 pts vs Q2 FY26+2.3 pts vs Q1 FY27EBIT ₹567 Cr
EBITDA: ₹643 Cr−2.6% vs Q2 FY26+49.9% vs Q1 FY27margin 9.2%
Earnings per share (basic): ₹6.03−7.7% vs Q2 FY26−7.5% vs Q1 FY27
Net profit margin: 6.1%−0.3 pts vs Q2 FY26−1.5 pts vs Q1 FY27

Questions

What was United Spirits' net profit in Q2 FY27?

Consolidated net profit was ₹428 crore, down 7.8% from ₹464 crore in Q2 FY26 and down 7.5% from ₹463 crore in Q1 FY27.

What is United Spirits' net profit margin?

United Spirits' net profit margin was 6.1% in Q2 FY27 (net profit as a share of revenue from operations), against 6.4% in Q2 FY26 (down 0.3 percentage points). For FY26 as a whole it was 6.6%.

What was United Spirits' net profit in FY26?

Consolidated net profit was ₹1,838 crore in FY26 (April 2025–March 2026), up 16.2% from ₹1,582 crore in FY25. It was ₹1,408 crore in FY24 and ₹1,136 crore in FY23: up 61.8% over three years, 17.4% a year on average.

What was United Spirits' revenue in Q2 FY27?

Revenue from operations was ₹7,014 crore, down 2.6% year on year and up 14.6% from the previous quarter.

What was United Spirits' EPS in Q2 FY27?

Basic earnings per share were ₹6.03, against ₹6.53 in Q2 FY26.

What was United Spirits' revenue in FY26?

Revenue from operations was ₹27,816 crore in FY26 (April 2025–March 2026), up 2.0% from ₹27,276 crore in FY25. It was ₹26,018 crore in FY24 and ₹27,815 crore in FY23: unchanged over three years.

How were United Spirits' Q2 FY27 results?

Both fell from a year earlier: net profit was down 7.8% at ₹428 crore and revenue was down 2.6% at ₹7,014 crore. The operating margin was 8.1%, down 0.2 percentage points from 8.3% a year earlier. Against Q1 FY27, net profit was down 7.5% and revenue up 14.6%.

What was United Spirits' operating margin in Q2 FY27?

Operating profit (EBIT — revenue less operating expenses, before finance costs and other income) was ₹567 crore, a margin of 8.1%, against 5.8% in Q1 FY27 and 8.3% in Q2 FY26. EBITDA was ₹643 crore, 9.2% of revenue.

What was United Spirits' net profit in the first half of FY27?

Consolidated net profit for the first half of FY27 (April–September 2026) was ₹891 crore, up 1.1% from ₹881 crore in the same months a year earlier. Revenue from operations was ₹13,136 crore, down 2.7%.

How has United Spirits' profit changed over the last four quarters?

Net profit by quarter: ₹418 crore in Q3 FY26, ₹539 crore in Q4 FY26, ₹463 crore in Q1 FY27 and ₹428 crore in Q2 FY27. That is ₹1,847 crore over the four quarters, up 12.8% from ₹1,637 crore in the four quarters before. Revenue from operations: ₹7,942 crore, ₹6,855 crore, ₹6,122 crore and ₹7,014 crore.

When did United Spirits announce its Q2 FY27 results?

On Wednesday, 28 October 2026 at 5:46 pm IST, in its results filing to the stock exchanges. A year earlier it reported Q2 FY26 on 30 October 2025.

When will United Spirits announce its Q3 FY27 results?

Q3 FY27 covers October–December 2026. Listed companies must publish quarterly results within 45 days of the quarter's end (SEBI listing rules, Regulation 33), so the results are due by 14 February 2027. The company tells the exchanges the date of the board meeting at least two working days before it.

Where do these United Spirits figures come from?

From United Spirits' own consolidated results filings to NSE, in ₹ crore as filed (Q2 FY27 on 28 October 2026). Growth compares the same consolidated figures a year and a quarter earlier.

Consolidated figures from the company's filings to NSE. Every company's results dates this season are in the Q2 FY27 results calendar, part of Alpha Plus.