Minerva Capital Research Solutions

United Spirits

NSE: UNITDSPRBSE: 532432
Compare with peers
₹ 1,227.40▼ 42.6 (−3.35%)28 Oct, 03:28 pm IST
Market cap
₹ 91,326 Cr.
P/E
49.1x
P/B
10.44x
52-week range
1,210.8 – 1,563.4
ROE
21%
ROCE
26%
Dividend yield
1.3%
Debt / equity
0.05
Sector
Beverages
Industry
Breweries & Distilleries
Listed on
NSE, BSE

About

United Spirits Limited is an India-based company. The Company is s engaged in the business of manufacture, purchase and sale of beverage alcohol and other allied spirits, including through tie-up manufacturing units and through strategic franchising of some of its brands. The Company operates through two segments: Beverage alcohol, and Sports. Beverage alcohol segment is engaged in the manufacture, purchase, franchise and sale of beverage alcohol and other allied spirits. Sports segment owns rights to operate sports franchises. The Company’s portfolio includes premium brands such as Johnnie Walker, Black Dog, Black & White, Vat 69, Antiquity, Signature, Singelton, Royal Challenge, McDowell’s No 1, Smirnoff, Ketel One, Tanqueray, Captain Morgan, and others. The Company’s subsidiary is Royal Challengers Sports Private Limited. Royal Challengers Sports Private Limited, holds the rights to operate a sports franchise.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Breweries & Distilleries: 28 companies →

United Spirits against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)49.1 against a typical 38: pricier than most peers (1st = cheapest).17th of 27
  • Sales growth−10.4% against a typical +11.8% from a year earlier.20th of 25
  • Profit growth+11% against a typical +10.1% from a year earlier.10th of 20
  • Share price, 3 months−15.6% against a typical −7.9%.20th of 28
  • Size₹ 91,326.2 Cr. market value against a typical ₹ 419.4 Cr. (1st = largest).1st of 24

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

No up-to-date rating

AgencyCurrent ratingOutlookAs of
CRISILWithdrawnStable6 Aug 2026

Every agency has withdrawn its rating.

Credit rating actions
RatingDetails
6 Aug 2026
Withdrawn
was Crisil AAA—CRISIL₹ 1,350 Cr.

Board meetings

Results dates and other board meetings. Full calendar

Details
28 Oct 2026UpcomingFinancial ResultsTo consider and approve the financial results for the period ended September 30, 2026
22 Jul 2026Financial ResultsTo consider and approve the unaudited financial results for the period ended June 30, 2026
14 May 2026Financial Results/Dividendto consider and approve the audited financial results (Standalone and Consolidated) of the Company and recommend final dividend, if any, for the financial year ended 31st March 2026.
20 Jan 2026Financial Results/DividendTo consider and approve the financial results for the period ended December 31, 2025 and an interim dividend, if any
30 Oct 2025Financial ResultsTo consider and approve the financial results for the quarter and half year ended September 30, 2025
13 Aug 2025Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2025
20 May 2025Financial Results/DividendTo consider and approve the audited financial results and recommend final dividend, if any, for the financial year ended 31st March 2025.

Share price

1Y change −9.29%
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales2,8693,0022,7832,7612,8443,4332,9463,0213,1733,6913,0542,708
Expenses2,4012,5162,4492,0492,3442,8682,4372,3832,5143,0772,4612,279
Operating Profit468486334712500565509638659614593429
OPM %16%16%12%26%18%16%17%21%21%17%19%16%
Other Income71528035547136585128226218
Interest271629222520224921196930
Depreciation666373726972707665807672
Profit before tax446459312653460480553571624543674545
Tax %24%24%23%26%26%30%24%27%26%23%20%15%
Net Profit339350241485341335421417464418539463
EPS in Rs4.664.813.316.674.694.615.795.736.385.757.416.37

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
4%
5 Years
9%
3 Years
6%
TTM
3%
Compounded Profit Growth
10 Years
29%
5 Years
35%
3 Years
23%
TTM
15%
Stock Price CAGR
10 Years
13%
5 Years
17%
3 Years
15%
TTM
—
Return on Equity
10 Years
20%
5 Years
20%
3 Years
21%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
56.68%
0 pts in a year
FIIs
12.89%
−2.16 pts in a year
DIIs
17.14%
+2.74 pts in a year
Government
0.01%
0 pts in a year
Public
13.29%
−0.59 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 49.1xEPS (12 months) ₹ 25.48Median P/E 68x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
United Spirits₹ 1,227.40₹ 91,326 Cr.49.1x10.4x21%—
Radico Khaitan₹ 4,170.00₹ 55,873 Cr.89.3x16.6x19.9%2.9%
United Breweries₹ 1,143.85₹ 30,246 Cr.95.1x7.8x9.3%2.4%
Allied Blenders and Distillers₹ 672.65₹ 18,866 Cr.75.3x10.4x14.3%2.9%
Tilaknagar Industries₹ 490.70₹ 12,144 Cr.38x3.7x1.1%0.4%
Globus Spirits₹ 714.85₹ 2,301 Cr.29.5x2.5x8.8%2.6%

Management

Praveen Someshwar
Chief Executive Officer, Managing Director, Additional Director
Pradeep Jain
Chief Financial Officer, Executive Director
Chinmay Sharma
Chief Human Resources Officer
Ruchira Jaitly
Chief Marketing Officer
Pragya Kaul
Compliance Officer, Company Secretary
Archana Sasan
Interim General Counsel
Vikram Damodaran
Chief Innovation Officer
Jitendra Mahajan
Chief Supply and Sustainability Officer

Prices are delayed and for information only. Nothing on this page is investment advice.