| 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 | Dec 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 | 3,745 |
| 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 | 3,105 |
| 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 | 640 |
| 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 % | 16 % |
| 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 | 80 |
| 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 | 19 |
| 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 | 541 |
| 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 | 123 |
| 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 | 418 |
| 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 | 5.88 |
United Spirits
United Spirits
1,371.40
-5.60
(-0.41%)
Market Cap
99,748.90 Cr
PE Ratio
58.21
Volume
71,591.00
Day High - Low
1,378.70 - 1,366.20
52W High-Low
1,645.00 - 1,271.10
Key Fundamentals
Market Cap
99,748.90 Cr
EPS
22.28
PE Ratio
58.21
PB Ratio
11.91
Book Value
110.65
EBITDA
2,579.00
Dividend Yield
0.87 %
Industry
Beverages Sector
Breweries & Distilleries Return on Equity
19.52
Debt to Equity
0.05
Analyst Rating and Forecast
- By Refinitiv from23 analysts
Actual
Company News
View All News
United Spirits Limited announces the transfer of Chief Operating Officer Rajesh V Menon to its wholly owned subsidiary Royal Challengers Sports Private Limited, effective February 1, 2026.
United Spirits Limited has completed its additional investment of ₹3.2 crore in V9 Beverages Private Limited (Sober), increasing its stake from 15% to 25% on a fully diluted basis.
United Spirits shares gain attention after Adar Poonawalla announces competitive bid for Royal Challengers Bengaluru IPL franchise. Company recently reported 24.77% jump in Q3 net profit to ₹418 crore.
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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 |
|---|---|---|---|---|---|---|---|---|
1,371.40 | #1 99,748.90 | #8 58.21 | #1 12,405.00 | #5 7.44 | #1 1,582 | #4 24.78 | 55.02 | |
1,494.30 | 39,510.06 | 109.95 | 8,951.00 | 9.21 | 442 | -65.00 | 52.30 | |
2,756.50 | 36,907.74 | 70.63 | 4,856.00 | 17.65 | 346 | 62.20 | 38.94 | |
507.80 | 14,203.68 | 55.18 | 3,540.80 | 6.20 | 195 | 10.78 | 52.57 | |
448.50 | 9,337.49 | 41.00 | 1,451.70 | 3.10 | 230 | -9.45 | 57.87 | |
948.45 | 2,747.86 | 36.13 | 2,546.90 | 4.89 | 22 | #1 7,500.00 | 42.56 | |
1,050.80 | 2,400.75 | #1 14.52 | 684.70 | -1.57 | 129 | 90.91 | 51.59 | |
88.95 | 1,734.42 | 16.81 | 1,447.40 | 12.52 | 105 | 4.28 | 34.81 | |
852.15 | 1,617.31 | 18.54 | 1,080.00 | #1 259.88 | 81 | 4.60 | 45.63 | |
183.60 | 1,550.45 | 32.42 | 583.10 | 1.34 | 70 | -67.62 | 39.31 |
Automatic Screeners on ScanX
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 | Dec 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 % | 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 % | 14.12 % |
| 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 % | 15.37 % |
| 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 % | 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 % | 8.07 % |
| 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 % | 5.76 % |
| 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 | 3,03,746 |
Dividend History
| Annual Cash Flows | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 9 | 12 | 0.00 |
| Dividend Yield (%) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.64 | 0.87 | 0.00 |
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 |
| 20 Jan 2026 | Quarterly Result Announcement | NA | 20 Jan 2026 | 1,331.00 | 1,323.65 |
| 27 Jan 2026 | Dividend | ₹ 6.00 /share | 27 Jan 2026 | 1,323.65 | 1,333.00 |
Announcements
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
6 days ago
6 days agoAnnouncement under Regulation 30 (LODR)-Change in Management9 days ago
9 days agoIntimation Regarding Completion Of Further Investment In V9 Beverages Private Limited (Sober)Jan 28, 2026
Jan 28, 2026Announcement under Regulation 30 (LODR)-Earnings Call TranscriptJan 27, 2026
Jan 27, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeJan 21, 2026
Jan 21, 2026Announcement under Regulation 30 (LODR)-Newspaper PublicationJan 21, 2026
Jan 21, 2026Announcement under Regulation 30 (LODR)-AcquisitionJan 20, 2026
Jan 20, 2026Announcement under Regulation 30 (LODR)-Change in DirectorateJan 20, 2026
Jan 20, 2026Announcement under Regulation 30 (LODR)-Date of payment of DividendJan 20, 2026
Jan 20, 2026Corporate Action-Board approves DividendJan 20, 2026
Jan 20, 2026Board Meeting Outcome for Outcome Of Board Meeting In Accordance With SEBI Listing Regulations 2015 - Financial Results & Interim Dividend FY26Jan 20, 2026
Jan 20, 2026Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJan 20, 2026
Jan 20, 2026Outcome Of Board Meeting In Accordance With SEBI Listing Regulations 2015 - Financial Results For Quarter And Nine Months Ended December 31 2025Jan 20, 2026
Jan 20, 2026Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jan 12, 2026
Jan 12, 2026Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJan 12, 2026
Jan 12, 2026Corporate Action-Board to consider DividendJan 12, 2026
Jan 12, 2026Board Meeting Intimation for Considering And Approving The Unaudited Financial Results (Standalone And Consolidated) Of The Company For The Quarter And Nine Months Ended 31St December 2025 And To Consider Declaration Of An Interim Dividend If Any.Jan 12, 2026
Jan 12, 2026Announcement under Regulation 30 (LODR)-Change in ManagementDec 31, 2025
Dec 31, 2025Closure of Trading WindowDec 29, 2025
Dec 29, 2025Disclosure Under Regulation 30 Of SEBI Listing Regulations 2015Dec 24, 2025
Dec 24, 2025Shareholder Meeting / Postal Ballot-Outcome of Postal_BallotDec 22, 2025
Dec 22, 2025 Shareholder Meeting / Postal Ballot-Scrutinizer"s ReportDec 22, 2025
Dec 22, 2025Intimation Under Regulation 30 Of SEBI LODR-ESG RatingDec 09, 2025
Dec 09, 2025Announcement 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, 2025Mutual Fund Holdings
Technical Indicators
RSI(14)
Neutral 55.02
ATR(14)
Less Volatile 28.32
STOCH(9,6)
Overbought 81.43
STOCH RSI(14)
Overbought 93.33
MACD(12,26)
Bullish 7.78
ADX(14)
Weak Trend 22.90
UO(9)
Bearish 64.94
ROC(12)
Uptrend And Accelerating 4.32
WillR(14)
Overbought -1.27
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...more
Website
Chairperson NameV K Viswanathan
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