| Quarterly Financials | Jun 2018 | Sept 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sept 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
Revenue  | 2,275 | 2,249 | 2,561 | 2,328 | 2,437 | 2,319 | 2,593 | 2,065 | 1,037 | 2,207 | 2,712 | 2,235 | 1,730 | 2,512 | 2,948 | 2,560 | 2,445 | 3,300 | 2,800 | 2,521 | 2,689 | 2,940 | 3,054 | 2,894 | 2,796 | 2,898 | 3,505 | 3,206 | 3,093 | 3,254 |
| Expenses | 1,948 | 1,810 | 2,158 | 2,033 | 1,943 | 1,907 | 2,163 | 1,744 | 1,199 | 1,906 | 2,216 | 1,844 | 1,579 | 2,039 | 2,429 | 2,224 | 2,086 | 2,474 | 2,556 | 2,286 | 1,972 | 2,401 | 2,516 | 2,480 | 2,049 | 2,344 | 2,933 | 2,572 | 2,397 | 2,544 |
| EBITDA | 326 | 440 | 403 | 294 | 494 | 412 | 431 | 322 | -162 | 301 | 496 | 391 | 151 | 473 | 519 | 335 | 360 | 826 | 244 | 235 | 717 | 539 | 538 | 414 | 747 | 554 | 572 | 634 | 696 | 710 |
| Operating Profit % | 14 % | 19 % | 14 % | 12 % | 20 % | 18 % | 16 % | 12 % | -16 % | 13 % | 17 % | 17 % | 8 % | 19 % | 18 % | 12 % | 14 % | 15 % | 8 % | 9 % | 26 % | 16 % | 16 % | 11 % | 26 % | 18 % | 15 % | 15 % | 21 % | 20 % |
| Depreciation | 58 | 50 | 51 | 56 | 63 | 71 | 66 | 85 | 74 | 69 | 79 | 77 | 74 | 76 | 76 | 77 | 83 | 66 | 65 | 69 | 74 | 66 | 63 | 73 | 72 | 69 | 72 | 70 | 76 | 65 |
| Interest | 62 | 48 | 62 | 65 | 58 | 50 | 51 | 53 | 56 | 56 | 43 | 33 | 25 | 7 | 39 | 17 | 23 | 21 | 24 | 36 | 4 | 27 | 16 | 29 | 22 | 25 | 20 | 22 | 49 | 21 |
| Profit Before Tax | 206 | 342 | 290 | 174 | 373 | 290 | 314 | 184 | -292 | 176 | 374 | 281 | 51 | 390 | 404 | 241 | 254 | 739 | 155 | 130 | 639 | 446 | 459 | 312 | 653 | 460 | 480 | 542 | 571 | 624 |
| Tax | 61 | 121 | 89 | 57 | 191 | 133 | 82 | 134 | -45 | 51 | 94 | 78 | 1 | 104 | 109 | 63 | -7 | 191 | -59 | 28 | 162 | 107 | 109 | 71 | 168 | 119 | 145 | 121 | 154 | 160 |
| Net Profit | 145 | 221 | 201 | 117 | 182 | 158 | 232 | 49 | -247 | 125 | 280 | 203 | 50 | 286 | 295 | 179 | 261 | 548 | 214 | 103 | 477 | 339 | 350 | 241 | 485 | 341 | 335 | 421 | 417 | 464 |
| EPS in ₹ | 2.08 | 3.18 | 2.88 | 1.73 | 2.85 | 2.30 | 3.32 | 0.82 | -3.40 | 1.82 | 4.05 | 2.94 | 0.78 | 4.11 | 4.22 | 2.56 | 3.75 | 7.80 | 3.02 | 1.45 | 6.71 | 4.78 | 4.93 | 3.40 | 6.83 | 4.80 | 4.72 | 5.93 | 5.87 | 6.53 |
United Spirits
United Spirits
1,436.50
+1.10
(0.08%)
Market Cap
₹1,04,483.95 Cr
PE Ratio
63.75
Volume
3,84,839.00
Day High - Low
₹1,445.00 - ₹1,429.00
52W High-Low
₹1,700.00 - ₹1,271.10
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Key Fundamentals
Market Cap
1,04,483.95 Cr
EPS
22.28
PB Ratio
12.41
Book Value
115.60
EBITDA
2,579.00
Dividend Yield
0.83 %
Industry
Beverages Sector
Breweries & Distilleries ROE Growth %
-
Debt to Equity
0.05
Analyst Rating and Forecast
- By Refinitiv from25 analysts
Actual
Company News
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United Spirits Limited Receives ESG Score of 73 for 20251 day ago
United Spirits Limited received an ESG score of 73 for 2025 from NSE Sustainability Ratings and Analytics Limited, down from a score of 75 for 2024. The rating was independently determined based on the company's public disclosures without any engagement from United Spirits Limited.
United Spirits Limited received an ESG score of 72.8 for 2025 from SEBI-registered ESG Rating Provider SESES ESG Research, showing improvement from the previous year's score of 70.4. The rating was independently determined based on the company's public disclosures without any engagement from United Spirits, demonstrating enhanced environmental, social, and governance performance.
United Spirits Limited's Board has recommended appointing Walker Chandiok & Co. LLP as statutory auditors for a five-year term from the 27th AGM in FY2026-27 to the 32nd AGM in FY2031-32, replacing PriceWaterhouseCo. who will complete their second five-year term. The appointment requires shareholder approval at the upcoming AGM, with Walker Chandiok being one of India's leading audit firms serving over 100 listed entities.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
1,436.50 | #1 1,04,483.95 | #7 63.75 | #1 12,405.00 | #5 7.44 | #1 1,582 | #4 36.07 | 53.83 | |
1,660.60 | 43,907.12 | 119.59 | 8,951.00 | 9.21 | 442 | -65.00 | 31.03 | |
3,232.50 | 43,272.68 | 93.91 | 4,856.00 | 17.65 | 346 | 72.99 | 51.91 | |
616.35 | 17,239.94 | 67.50 | 3,540.80 | 6.20 | 195 | 32.14 | 46.62 | |
445.60 | 8,636.34 | 41.39 | 1,451.70 | 3.10 | 230 | -9.45 | 38.31 | |
952.70 | 2,759.57 | 63.35 | 2,546.90 | 4.89 | 22 | #1 1,576.92 | 30.89 | |
977.00 | 2,232.14 | #1 16.16 | 684.70 | -1.57 | 129 | 60.83 | 41.36 | |
107.32 | 2,092.62 | 19.65 | 1,447.40 | 12.52 | 105 | 4.28 | 30.26 | |
215.05 | 1,815.67 | 37.62 | 583.10 | 1.34 | 70 | -58.62 | 18.36 | |
938.95 | 1,697.55 | 21.10 | 1,080.00 | #1 259.88 | 81 | -8.50 | 39.05 |
Growth Rate
Revenue Growth
7.44 %
Net Income Growth
12.36 %
Cash Flow Change
74.15 %
ROE
-1.26 %
ROCE
-0.87 %
EBITDA Margin (Avg.)
7.83 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 7,889 | 8,329 | 8,896 | 8,926 | 9,109 | 8,851 | 8,537 | 8,911 | 9,761 | 11,249 | 13,248 |
| Fixed Assets | 1,921 | 1,954 | 1,917 | 1,791 | 1,841 | 1,956 | 1,893 | 1,855 | 1,534 | 1,560 | 1,712 |
| Current Assets | 4,863 | 5,288 | 5,749 | 5,662 | 5,264 | 4,870 | 4,803 | 5,163 | 6,234 | 7,377 | 9,202 |
| Capital Work in Progress | 114 | 282 | 199 | 102 | 118 | 121 | 97 | 96 | 83 | 37 | 72 |
| Investments | 125 | 9 | 0 | 0 | 25 | 22 | 0 | 222 | 286 | 645 | 923 |
| Other Assets | 5,729 | 6,084 | 6,780 | 7,033 | 7,124 | 6,752 | 6,547 | 6,739 | 7,858 | 9,007 | 10,541 |
| Total Liabilities | 7,889 | 8,329 | 8,896 | 8,926 | 9,109 | 8,851 | 8,537 | 8,911 | 9,761 | 11,249 | 13,248 |
| Current Liabilities | 5,923 | 5,851 | 6,199 | 5,678 | 5,188 | 4,994 | 4,338 | 3,838 | 3,625 | 3,903 | 4,722 |
| Non Current Liabilities | 1,305 | 838 | 914 | 815 | 834 | 171 | 140 | 198 | 137 | 225 | 422 |
| Total Equity | 660 | 1,640 | 1,783 | 2,433 | 3,087 | 3,687 | 4,059 | 4,875 | 5,999 | 7,121 | 8,104 |
| Reserve & Surplus | 514 | 1,609 | 1,760 | 2,394 | 3,065 | 3,702 | 4,094 | 4,928 | 5,854 | 6,976 | 7,959 |
| Share Capital | 145 | 145 | 145 | 145 | 145 | 145 | 145 | 145 | 145 | 145 | 145 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | -343 | -139 | -56 | 63 | 75 | -150 | 12 | -23 | 60 | 937 | 276 |
| Investing Activities | 3,855 | 733 | -227 | 104 | -66 | -194 | -99 | -313 | -55 | 226 | -1,114 |
| Operating Activities | -196 | 283 | 647 | 925 | 948 | 783 | 1,818 | 977 | 615 | 1,118 | 1,947 |
| Financing Activities | -4,002 | -1,155 | -475 | -966 | -808 | -740 | -1,707 | -688 | -500 | -407 | -557 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
| Promoter | 56.76 % | 56.76 % | 56.73 % | 56.73 % | 56.73 % | 56.73 % | 56.73 % | 56.73 % | 56.68 % | 56.68 % | 56.67 % | 56.67 % | 56.67 % | 56.67 % | 56.67 % | 56.67 % | 56.67 % | 56.67 % | 56.67 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 16.51 % | 0.00 % | 16.68 % | 15.10 % | 16.11 % | 15.93 % | 14.98 % | 15.04 % | 14.38 % |
| DIIs | 7.72 % | 7.79 % | 9.15 % | 9.84 % | 9.45 % | 9.84 % | 10.47 % | 12.10 % | 12.71 % | 12.64 % | 12.33 % | 11.13 % | 12.28 % | 14.01 % | 13.16 % | 13.55 % | 14.60 % | 14.40 % | 14.90 % |
| Government | 1.73 % | 1.73 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % | 0.01 % |
| Public / Retail | 9.75 % | 9.46 % | 9.49 % | 9.70 % | 9.89 % | 10.31 % | 9.61 % | 9.37 % | 9.37 % | 9.01 % | 8.74 % | 8.68 % | 8.54 % | 8.41 % | 8.21 % | 8.33 % | 8.16 % | 8.26 % | 8.29 % |
| Others | 24.05 % | 24.26 % | 24.63 % | 23.72 % | 23.92 % | 23.11 % | 23.19 % | 21.79 % | 21.23 % | 21.66 % | 5.74 % | 23.52 % | 5.81 % | 5.80 % | 5.84 % | 5.51 % | 5.58 % | 5.62 % | 5.74 % |
| No of Share Holders | 0 | 1,87,139 | 1,83,411 | 1,91,699 | 2,34,926 | 2,41,111 | 2,52,264 | 2,74,307 | 2,68,993 | 2,49,395 | 2,49,741 | 2,64,583 | 2,51,095 | 2,52,121 | 2,45,558 | 2,57,769 | 2,64,995 | 2,88,900 | 3,23,938 |
Dividend History
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 9 | 12 |
| Dividend Yield (%) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.64 | 0.84 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 17 Nov 2023 |  Dividend | ₹ 4.00 /share | 17 Nov 2023 | 1,082.15 | 1,040.65 |
| 12 Jul 2024 | Dividend | ₹ 5.00 /share | 12 Jul 2024 | 1,174.15 | 1,284.50 |
| 31 Jul 2024 |  Annual General Meeting | NA | 31 Jul 2024 | 1,276.80 | 1,410.00 |
| 23 Oct 2024 |  Quarterly Result Announcement | NA | 23 Oct 2024 | 1,506.30 | 1,472.95 |
| 23 Jan 2025 | Quarterly Result Announcement | NA | 23 Jan 2025 | 1,458.70 | 1,458.70 |
| 03 Apr 2025 | Dividend | ₹ 4.00 /share | 03 Apr 2025 | 1,361.50 | 1,434.45 |
| 20 May 2025 | Quarterly Result Announcement | NA | 20 May 2025 | 1,532.25 | 1,557.10 |
| 01 Aug 2025 | Dividend | ₹ 8.00 /share | 01 Aug 2025 | 1,557.10 | 1,340.20 |
| 13 Aug 2025 | Quarterly Result Announcement | NA | 13 Aug 2025 | 1,322.35 | 1,297.80 |
| 29 Aug 2025 | Annual General Meeting | NA | 29 Aug 2025 | 1,557.10 | 1,281.50 |
| 30 Oct 2025 | Quarterly Result Announcement | NA | 30 Oct 2025 | 1,332.90 | 1,387.40 |
Announcements
Intimation Under Regulation 30 Of SEBI LODR-ESG Rating
1 day ago
1 day agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 25, 2025
Nov 25, 2025Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulation 2015 - ESG RatingNov 24, 2025
Nov 24, 2025Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/sNov 21, 2025
Nov 21, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 21, 2025
Nov 21, 2025Shareholder Meeting / Postal Ballot-Notice of Postal BallotNov 20, 2025
Nov 20, 2025Announcement Under Regulation 30 Of SEBI (LODR)Nov 08, 2025
Nov 08, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptNov 06, 2025
Nov 06, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationNov 06, 2025
Nov 06, 2025Strategic ReviewNov 05, 2025
Nov 05, 2025Announcement Under Regulation 30 (LODR) - Continual Disclosure On Closure Of Unit As Informed To The Exchanges On 5Th February 2025.Nov 01, 2025
Nov 01, 2025Copy Of Newspaper PublicationOct 31, 2025
Oct 31, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseOct 30, 2025
Oct 30, 2025Board Meeting Outcome for Outcome Of Board Meeting In Accordance With SEBI Listing Regulations 2015 - Financial ResultsOct 30, 2025
Oct 30, 2025Outcome Of Board Meeting In Accordance With SEBI Listing Regulations 2015 - Financial Results For Quarter And Half Year Ended September 30 2025Oct 30, 2025
Oct 30, 2025Disclosure Under Regulation 30 Of SEBI Listing Regulations 2015Oct 17, 2025
Oct 17, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 16, 2025
Oct 16, 2025Board Meeting Intimation for Considering And Approving Unaudited Financial Results (Standalone And Consolidated) Of The Company For The Quarter And Half Year Ended 30Th September 2025.Oct 16, 2025
Oct 16, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 10, 2025
Oct 10, 2025Disclosure Under Regulation 30 Of SEBI Listing Regulations 2015Oct 09, 2025
Oct 09, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateOct 08, 2025
Oct 08, 2025Disclosure Under Regulation 30 Of SEBI Listing Regulations 2015Oct 01, 2025
Oct 01, 2025Rumour verification - Regulation 30(11)Sep 30, 2025
Sep 30, 2025Closure of Trading WindowSep 29, 2025
Sep 29, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 17, 2025
Sep 17, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationSep 08, 2025
Sep 08, 2025Media InteractionSep 03, 2025
Sep 03, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportAug 29, 2025
Aug 29, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMAug 29, 2025
Aug 29, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 26, 2025
Aug 26, 2025Schedule Of Analysts/ Institutional Investor Meeting - Cancellation Of ConferenceAug 26, 2025
Aug 26, 2025Clarification In Relation To 26Th AGM NoticeAug 24, 2025
Aug 24, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 22, 2025
Aug 22, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 14, 2025
Aug 14, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 14, 2025
Aug 14, 2025Intimation Under Regulation 30(5) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 (Listing Regulations)Aug 13, 2025
Aug 13, 2025Announcement under Regulation 30 (LODR)-Change in ManagementAug 13, 2025
Aug 13, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 13, 2025
Aug 13, 2025Board Meeting Outcome for Outcome Of Board Meeting In Accordance With SEBI Listing Regulations 2015 - Financial ResultsAug 13, 2025
Aug 13, 2025Outcome Of Board Meeting In Accordance With SEBI Listing Regulations 2015 - Financial Results For Quarter Ended June 30 2025Aug 13, 2025
Aug 13, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 08, 2025
Aug 08, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 07, 2025
Aug 07, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 07, 2025
Aug 07, 2025Business Responsibility and Sustainability Reporting (BRSR)Aug 06, 2025
Aug 06, 2025Reg. 34 (1) Annual Report.Aug 06, 2025
Aug 06, 2025Notice Of 26Th Annual General Meeting (AGM) And Integrated Annual Report Of The Company For Financial Year 2024-25Aug 06, 2025
Aug 06, 2025Q1FY26 Trading Update (Preview)Aug 04, 2025
Aug 04, 2025Board Meeting Intimation for Considering And Approving The Unaudited Financial Results (Standalone And Consolidated) Of The Company For The Quarter Ended 30Th June 2025Aug 04, 2025
Aug 04, 2025Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Aug 01, 2025
Aug 01, 2025Announcement Under Reg 30 - Agreement With A Related PartyJul 28, 2025
Jul 28, 2025Mutual Fund Holdings
Kotak Arbitrage Fund Direct-Growth 
Mirae Asset Large & Midcap Fund Direct-Growth 
SBI Contra Direct Plan-Growth 
Franklin India Flexi Cap Fund Direct-Growth 
Aditya Birla Sun Life Flexi Cap Fund Direct-Growth 
Canara Robeco Large Cap Fund Direct-Growth 
ICICI Prudential Equity Arbitrage Direct-Growth 
Bandhan Value Fund Direct-Growth 
Invesco India Arbitrage Fund Direct-Growth 
HDFC Arbitrage Fund Wholesale Direct-Growth Technical Indicators
RSI(14)
Neutral 53.53
ATR(14)
Volatile 27.84
STOCH(9,6)
Neutral 45.52
STOCH RSI(14)
Neutral 29.44
MACD(12,26)
Bearish -3.29
ADX(14)
Weak Trend 24.04
UO(9)
Bearish 54.69
ROC(12)
Uptrend And Accelerating 0.58
WillR(14)
Neutral -45.44
About United Spirits
United Spirits Limited (USL) is India's largest alcoholic beverage company and a major consumer goods producer. It manufactures, sells, and distributes beverage alcohol, with a portfolio of over 80 brands including Scotch whisky, Indian Made Foreign Liquor (IMFL) whisky, brandy, rum, vodka, and gin. USL produces and sells around 72 million cases annually. The company's key brands include McDowell's No.1, Royal Challenge, Signature, Antiquity, and Black Dog. USL also imports, manufactures, and distributes Diageo brands like Johnnie Walker, Smirnoff, and Ciroc in India. The company operates in two segments: Beverage alcohol and Sports, with the latter managing sports franchises. USL has a presence in Popular, Prestige, Premium, and Luxury segments, and operates primarily in India with some international operations.
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Chairperson NameV K Viswanathan
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