| 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 |
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 |
| 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 |
| 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 |
| 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 % |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
United Spirits
United Spirits
1,281.50
-21.30
(-1.63%)
Market Cap
93,210.01 Cr
EPS
22.28
PE Ratio
60.36
Dividend Yield
0.92 %
Industry
Beverages52 Week High
1,700.00
52 Week Low
1,271.10
PB Ratio
11.69
Debt to Equity
0.05
Sector
Breweries & Distilleries
Investment Returns
In Long Term
In Short Term
1 Year
0.00%
2 Years
0.00%
3 Years
0.00%
4 Years
0.00%
5 Years
0.00%
Analyst Rating
- By Refinitiv from22 analysts
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 |
|---|---|---|---|---|---|---|---|---|
1,281.50 | #1 93,210.01 | #7 60.36 | #1 12,405.00 | #6 7.44 | #1 1,582 | #9 -14.02 | 35.22 | |
1,855.60 | 49,063.02 | 105.18 | 8,951.00 | 9.21 | 442 | 5.87 | 29.53 | |
2,840.00 | 38,005.92 | 96.23 | 4,856.00 | 17.65 | 346 | 73.08 | 53.06 | |
501.35 | 14,023.27 | 59.27 | 3,540.80 | 6.20 | 195 | #1 398.21 | 52.40 | |
473.20 | 9,162.76 | 33.08 | 1,434.15 | 20.16 | 230 | 120.70 | 50.30 | |
1,204.00 | 3,478.15 | 142.05 | 2,546.90 | 4.89 | 22 | 15.69 | 54.12 | |
136.73 | 2,666.08 | 26.53 | 1,442.90 | 59.21 | 104 | 3.95 | 35.47 | |
247.75 | 2,091.25 | 36.78 | 583.10 | 1.34 | 70 | -86.99 | 30.51 | |
1,030.40 | 1,862.88 | 22.86 | 1,080.00 | #1 259.88 | 81 | 33.33 | 42.47 | |
673.05 | 1,537.71 | #1 11.99 | 684.70 | -1.57 | 129 | 4.02 | 36.73 |
Forecast
Actual
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 | 4,863 | 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 |
| 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 % |
| 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 % |
| 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 % |
| 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 % |
| 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 % |
| 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 % |
| 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 |
Dividend History
Dividends per share (FY)
Dividend yield (FY) %
Dividends per share (FY)
Dividend yield (FY) %
| 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 | 0.92 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 29 Aug 2025 |  Annual General Meeting | NA | 29 Aug 2025 | 1,557.10 | 1,302.65 |
| 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 |
Announcements
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2 days ago
2 days agoSchedule Of Analysts/ Institutional Investor Meeting - Cancellation Of Conference2 days ago
2 days agoClarification In Relation To 26Th AGM Notice4 days ago
4 days agoAnnouncement under Regulation 30 (LODR)-Earnings Call Transcript5 days ago
5 days agoAnnouncement 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, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 10, 2025
Jul 10, 2025Closure of Trading WindowJun 27, 2025
Jun 27, 2025Intimation Regarding Completion Of Further Investment In Nao Spirits & Beverages Private Limited (NAO)Jun 26, 2025
Jun 26, 2025Shareholder Meeting / Postal Ballot-Outcome of Postal_BallotJun 21, 2025
Jun 21, 2025 Shareholder Meeting / Postal Ballot-Scrutinizer"s ReportJun 21, 2025
Jun 21, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJun 19, 2025
Jun 19, 2025Announcement under Regulation 30 (LODR)-AcquisitionJun 19, 2025
Jun 19, 2025Clarification On BSE Email Dated June 12 2025.Jun 12, 2025
Jun 12, 2025Clarification sought from United Spirits LtdJun 12, 2025
Jun 12, 2025Clarification On BSE Email Dated June 10 2025.Jun 10, 2025
Jun 10, 2025Clarification sought from United Spirits LtdJun 10, 2025
Jun 10, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptMay 29, 2025
May 29, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 28, 2025
May 28, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 27, 2025
May 27, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeMay 23, 2025
May 23, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationMay 23, 2025
May 23, 2025Announcement under Regulation 30 (LODR)-Investor PresentationMay 23, 2025
May 23, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 22, 2025
May 22, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 21, 2025
May 21, 2025Shareholder Meeting / Postal Ballot-Notice of Postal BallotMay 21, 2025
May 21, 2025Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 20, 2025
May 20, 2025Intimation Under Regulation 8(2) Of The Securities And Exchange Board Of India (Prohibition Of Insider Trading) Regulations 2015 (SEBI PIT Regulations).
May 20, 2025
May 20, 2025Appointment Of Secretarial Auditor - Intimation Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015 (SEBI Listing Regulations)May 20, 2025
May 20, 2025The Record Date For The Purpose Of Determining The Entitlement Of The Shareholders To Pay Final Dividend Has Been Fixed As Friday 1St August 2025May 20, 2025
May 20, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseMay 20, 2025
May 20, 2025Announcement under Regulation 30 (LODR)-Date of payment of DividendMay 20, 2025
May 20, 2025Announcement under Regulation 30 (LODR)-Dividend UpdatesMay 20, 2025
May 20, 2025Board Meeting Outcome for Outcome Of Board Meeting In Accordance With The SEBI (Listing Obligations And Disclosure
Requirements) Regulations 2015 - Financial Results & Final DividendMay 20, 2025
May 20, 2025Intimation Of Audited Financial Results For The Quarter And The Year Ended 31St March 2025 Pursuant To Regulation 33 Of SEBI (Listing Obligations And Disclosure Requirements)
Regulations 2015.May 20, 2025
May 20, 2025Technical Indicators
RSI(14)
Neutral 40.16
ATR(14)
Volatile 23.40
STOCH(9,6)
Neutral 57.84
STOCH RSI(14)
Neutral 49.29
MACD(12,26)
Bullish 3.41
ADX(14)
Weak Trend 21.66
UO(9)
Bearish 55.32
ROC(12)
Uptrend But Slowing Down 0.87
WillR(14)
Neutral -63.18
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Baroda BNP Paribas Manufacturing Fund Direct - Growth 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.
Website
Chairperson NameV K Viswanathan
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