United Spirits Ltd
United Spirits Ltd (UNITDSPR) last reported results for the quarter ended Jun 2026, with sales of ₹2,708 crore and net profit of ₹463 crore. United Spirits Ltd’s board meets on 17 Oct 2026. The stock last traded at ₹1,363, a market capitalisation of ₹99,171 crore, on a P/E of 53.5. Over the past 52 weeks the stock has ranged between ₹1,210 and ₹1,576. Figures are as of 6 Oct 2026 and are not real time.
United Spirits Ltd share price and key metrics
- Current price
- ₹1,363
- Market cap
- ₹99,171 cr
- Stock P/E
- 53.5
- Book value
- ₹123
- ROE
- 21.4%
- ROCE
- 26.4%
- Dividend yield
- 1.25%
- 52w high / low
- 1576/1210
Metrics as of 6 Oct 2026. Not real time.
Track United Spirits Ltd
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United Spirits Ltd growth and returns
- 10 Years
- 4%
- 5 Years
- 9%
- 3 Years
- 6%
- TTM
- 3%
- 10 Years
- 29%
- 5 Years
- 35%
- 3 Years
- 23%
- TTM
- 15%
- 10 Years
- 11%
- 5 Years
- 9%
- 3 Years
- 10%
- 1 Year
- 1%
- 10 Years
- 20%
- 5 Years
- 20%
- 3 Years
- 21%
- Last Year
- 21%
United Spirits Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹2,708 cr, down 10.4% from ₹3,021 cr a year earlier. Net profit was ₹463 cr, up 11.0% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 2,844 | 3,433 | 2,946 | 3,021 | 3,173 | 3,691 | 3,054 | 2,708 |
| Expenses | 2,344 | 2,868 | 2,437 | 2,383 | 2,514 | 3,077 | 2,461 | 2,279 |
| Operating profit | 500 | 565 | 509 | 638 | 659 | 614 | 593 | 429 |
| OPM % | 18% | 16% | 17% | 21% | 21% | 17% | 19% | 16% |
| Other income | 54 | 7 | 136 | 58 | 51 | 28 | 226 | 218 |
| Interest | 25 | 20 | 22 | 49 | 21 | 19 | 69 | 30 |
| Depreciation | 69 | 72 | 70 | 76 | 65 | 80 | 76 | 72 |
| Profit before tax | 460 | 480 | 553 | 571 | 624 | 543 | 674 | 545 |
| Tax % | 26% | 30% | 24% | 27% | 26% | 23% | 20% | 15% |
| Net profit | 341 | 335 | 421 | 417 | 464 | 418 | 539 | 463 |
| EPS (₹) | 4.69 | 4.61 | 5.79 | 5.73 | 6.38 | 5.75 | 7.41 | 6.37 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
United Spirits Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8,818 | 8,591 | 9,341 | 9,325 | 8,131 | 9,712 | 10,612 | 11,321 | 12,069 | 12,467 | 12,626 |
| Operating profit | 991 | 1,209 | 1,394 | 1,571 | 1,051 | 1,595 | 1,417 | 2,000 | 2,236 | 2,279 | 2,295 |
| OPM % | 11% | 14% | 15% | 17% | 13% | 16% | 13% | 18% | 19% | 18% | 18% |
| Net profit | 93 | 652 | 684 | 621 | 362 | 811 | 1,126 | 1,408 | 1,582 | 1,838 | 1,884 |
| EPS (₹) | 1.38 | 8.72 | 9.64 | 9.07 | 5.28 | 11.40 | 15.63 | 19.36 | 21.75 | 25.27 | 25.91 |
TTM is the trailing twelve months to the most recent quarter.
United Spirits Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 145 | 145 | 145 | 145 | 145 | 145 | 145 | 145 | 145 | 145 |
| Reserves | 1,640 | 2,274 | 2,945 | 3,583 | 3,974 | 4,808 | 5,854 | 6,976 | 7,959 | 8,808 |
| Borrowings | 4,144 | 3,421 | 2,883 | 2,570 | 1,037 | 605 | 183 | 265 | 480 | 413 |
| Other liabilities | 2,967 | 3,086 | 3,135 | 2,546 | 3,354 | 3,304 | 3,534 | 3,790 | 4,592 | 5,085 |
| Total liabilities | 8,896 | 8,926 | 9,109 | 8,844 | 8,511 | 8,863 | 9,716 | 11,176 | 13,176 | 14,451 |
| Fixed assets | 1,917 | 1,791 | 1,841 | 1,956 | 1,893 | 1,855 | 1,534 | 1,560 | 1,712 | 1,404 |
| CWIP | 199 | 102 | 118 | 121 | 97 | 96 | 83 | 37 | 72 | 77 |
| Investments | 0 | 0 | 25 | 22 | 0 | 222 | 286 | 645 | 923 | 1,171 |
| Other assets | 6,780 | 7,033 | 7,124 | 6,745 | 6,521 | 6,690 | 7,813 | 8,934 | 10,469 | 11,799 |
| Total assets | 8,896 | 8,926 | 9,109 | 8,844 | 8,511 | 8,863 | 9,716 | 11,176 | 13,176 | 14,451 |
As reported by the company. Total assets equal total liabilities by construction.
United Spirits Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 647 | 925 | 948 | 783 | 1,818 | 977 | 615 | 1,118 | 1,947 | 1,459 |
| Cash from investing | -227 | 104 | -66 | -194 | -99 | -313 | -55 | 226 | -1,114 | -478 |
| Cash from financing | -475 | -966 | -808 | -740 | -1,707 | -688 | -500 | -407 | -557 | -1,450 |
| Net cash flow | -56 | 63 | 74 | -150 | 12 | -23 | 60 | 937 | 276 | -469 |
| Free cash flow | 389 | 895 | 872 | 583 | 1,679 | 882 | 505 | 1,039 | 1,786 | 1,531 |
| CFO / operating profit | 85% | 111% | 128% | 87% | 183% | 90% | 62% | 73% | 94% | 79% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
United Spirits Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 15% | 18% | 20% | 21% | 14% | 25% | 20% | 28% | 26% | 26% |
| Debtor days | 122 | 115 | 99 | 89 | 98 | 89 | 84 | 99 | 103 | 106 |
| Inventory days | 226 | 263 | 235 | 199 | 254 | 229 | 193 | 186 | 197 | 216 |
| Days payable | 144 | 195 | 171 | 124 | 176 | 168 | 154 | 176 | 191 | 193 |
| Cash conversion cycle | 205 | 183 | 163 | 165 | 177 | 150 | 122 | 108 | 109 | 129 |
| Working capital days | -22 | -12 | -8 | -8 | 17 | 39 | 51 | 52 | 48 | 56 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
United Spirits Ltd shareholding pattern
Promoters held 56.68% at Jun 2026, broadly unchanged since Jun 2025. FIIs 12.89% and DIIs 17.14%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 56.68% | 56.68% | 56.68% | 56.68% | 56.68% | 56.68% | 56.68% | 56.68% |
| FIIs | 16.11% | 15.93% | 14.98% | 15.05% | 14.38% | 14.13% | 14.41% | 12.89% |
| DIIs | 13.15% | 13.54% | 14.59% | 14.40% | 14.90% | 15.36% | 15.36% | 17.14% |
| Government | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| Public | 14.04% | 13.83% | 13.73% | 13.88% | 14.04% | 13.84% | 13.54% | 13.29% |
| No. of shareholders | 2,45,558 | 2,57,769 | 2,64,995 | 2,88,900 | 3,23,938 | 3,03,746 | 2,92,661 | 2,93,859 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
When does United Spirits Ltd’s board next meet?
United Spirits Ltd’s board meets on 17 Oct 2026.
- Board meetingAppointment of new Chairperson following the completion of the previous Chairperson's term
See the full results calendar for every Indian company reporting in the next 30 days.
United Spirits Ltd corporate filings
- Company announces leadership change with appointment of Mr. Narayan K Seshadri as Chairperson effective October 17, 2026, following the completion of Mr. V K Viswanathan's second term as Independent Director and Chairperson.Company Updatelow impact
Cruxal's analysis: India's large-cap company, United Spirits Limited, has disclosed a leadership transition…
Read the full analysis - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.Company Updatelow impact
- United Spirits Limited announces resignation of Executive Vice President and Financial Controller Nimish ShahCompany Updatelow impact
Cruxal's analysis: United Spirits Limited has formally disclosed the resignation of Mr. Nimish Shah, the…
Read the full analysis - Intimation of trading window closure.Insider Trading / SASTlow impact
- United Spirits Ltd completes investment in Nuvola Spirits Private LimitedCompany Updatelow impact
Cruxal's analysis: United Spirits Ltd has formally completed its investment in Nuvola Spirits Private…
Read the full analysis - United Spirits Ltd schedules analyst and institutional investor meetingCompany Updatelow impact
Cruxal's analysis: United Spirits Ltd has issued an intimation regarding a scheduled meeting with analysts…
Read the full analysis - United Spirits Ltd discloses ESG ratings in compliance with SEBI Regulation 30Company Updatelow impact
Cruxal's analysis: United Spirits Ltd has submitted a disclosure regarding its ESG ratings as part of its…
Read the full analysis - United Spirits Ltd schedules analyst and institutional investor meetingCompany Updatelow impact
Cruxal's analysis: United Spirits Ltd has issued an intimation regarding a scheduled meeting with analysts…
Read the full analysis - United Spirits Ltd discloses ESG ratings in compliance with SEBI Regulation 30Company Updatelow impact
Cruxal's analysis: United Spirits Ltd has submitted a disclosure regarding its ESG ratings as per the…
Read the full analysis - United Spirits Ltd schedules analyst and institutional investor meetingCompany Updatelow impact
Cruxal's analysis: United Spirits Ltd has issued an intimation regarding a scheduled meeting with analysts…
Read the full analysis - United Spirits Ltd: Routine Regulatory Disclosure under SEBI Listing RegulationsCompany Updatelow impact
Cruxal's analysis: United Spirits Ltd has filed a routine disclosure under Regulation 30 of the SEBI…
Read the full analysis - United Spirits Ltd: Disclosure under Regulation 30 of SEBI Listing RegulationsCompany Updatelow impact
Cruxal's analysis: United Spirits Ltd has filed a routine disclosure under Regulation 30 of the SEBI…
Read the full analysis - United Spirits Ltd publishes newspaper advertisement regarding SEBI special windowCompany Updatelow impact
Cruxal's analysis: United Spirits Ltd has issued a newspaper advertisement in compliance with SEBI…
Read the full analysis - United Spirits Limited extends tenure of Interim General Counsel Archana Sasan until December 2026Company Updatelow impact
Cruxal's analysis: United Spirits Limited has announced an extension of the tenure for Ms. Archana Sasan…
Read the full analysis - United Spirits Limited concludes 27th AGM; shareholders approve final dividend of INR 11 per shareAGM/EGMlow impact
Cruxal's analysis: United Spirits Limited has successfully concluded its 27th Annual General Meeting held on…
Read the full analysis - United Spirits Ltd: Routine Regulatory Disclosure under SEBI Listing RegulationsCompany Updatelow impact
Cruxal's analysis: United Spirits Ltd has filed a routine disclosure under Regulation 30 of the SEBI…
Read the full analysis - United Spirits Ltd schedules analyst and institutional investor meetingCompany Updatelow impact
Cruxal's analysis: United Spirits Ltd has issued an intimation regarding a scheduled meeting with analysts…
Read the full analysis - United Spirits Limited Announces Dividend of INR 11 Per Share and Board Appointments Following 27th AGMAGM/EGMlow impact
Cruxal's analysis: United Spirits Limited has concluded its 27th Annual General Meeting, where shareholders…
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