United Spirits Limited
United Spirits Limited operates in Breweries & Distilleries, part of the Fast Moving Consumer Goods sector. It booked ₹6,122 cr of revenue in its latest quarter (Q1 FY27) and kept 7.6% of sales as profit. It is the largest of 9 Breweries & Distilleries companies we track, by market value.
| Segment | FY24 | FY25 | FY26 | Share |
|---|---|---|---|---|
| Beverage alcohol | 18,521 | 11,573 | 12,467 | 83% → 96% |
| Sports | 635 | 504 | 545 | 3% → 4% |
| Add: Excise Duty (Beverage Alcohol) | 3,141 | — | — | — |
| Total | 22,297 | 12,077 | 13,012 |
From the company's consolidated segment filings (Ind AS 108). Margin is segment operating profit (before interest & tax) over segment revenue; reconciliation rows like inter-segment eliminations are excluded from the mix.
Healthier than 60% of companies in Fast Moving Consumer Goods, on all six measures of filed financials. Each measure is ranked against the 27–149 companies that reported it.
Measures financial condition, not whether to buy. Learn what this score means · How this is calculated
- RSI (14)
- 35
At close. Not part of the score.
How much profit it earns on the money it employs
How much it owes, and whether earnings cover the interest
Whether reported profit actually arrives as cash
Whether sales and profit have grown, and how steadily
What today's price implies, against our models or its peers
How much of the promoters' stake is pledged, and how much they hold
What if I invest in UNITDSPR?
Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.
The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.
P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.
An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.
| Revenue from Operations | ₹6,122 cr |
| Other Income | ₹73 cr |
| Total Income | ₹6,195 cr |
| Cost of Materials | ₹1,179 cr |
| Purchases of Stock-in-Trade | ₹60 cr |
| Inventory Change (±) | ₹223 cr |
| Employee Benefit Expense | ₹133 cr |
| Finance Costs | ₹30 cr |
| Depreciation & Amortisation | ₹72 cr |
| Other Expenses | ₹4,098 cr |
| Total Expenses | ₹5,795 cr |
| Exceptional Items | ₹-81 cr |
| Profit before Tax | ₹319 cr |
| Tax Expense | ₹82 cr |
| Share of JV / Associates | ₹-50 L |
| Net Profit | ₹463 cr |
| Net margin on total income | 7.5% |
| Metric | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|
| Revenue | 7,942 cr | 6,855 cr | 6,122 cr |
| Total income | 7,993 cr | 7,150 cr | 6,195 cr |
| Expenses | 7,442 cr | 6,407 cr | 5,795 cr |
| Profit before tax | 541 cr | 703 cr | 319 cr |
| Tax | 123 cr | 135 cr | 82 cr |
| Net profit (owners' share) | 418 cr | 539 cr | 463 cr |
| Net margin (owners' share, on revenue) | 5.3% | 7.9% | 7.6% |
| EPS (₹) | 5.88 | 8.00 | 3.34 |
| Company | Price | Market cap | P/E | ROE | Net margin | 1-yr return |
|---|---|---|---|---|---|---|
| United Spirits Limitedthis company | ₹1,390 | ₹1.01 L cr | 104.0 | 20.7% | 7.6% | — |
| Radico Khaitan Limited | ₹4,380 | ₹58,662 cr | 63.8 | 27.7% | 3.9% | — |
| United Breweries Limited | ₹1,217 | ₹32,172 cr | 48.4 | 14.7% | 2.8% | — |
| Allied Blenders and Distillers Limited | ₹653 | ₹18,268 cr | 92.8 | 11.8% | 2.7% | — |
| Tilaknagar Industries Limited | ₹544 | ₹13,459 cr | 106.2 | 4.4% | 1.5% | — |
| Piccadily Agro Industries Limited | ₹601 | ₹5,920 cr | 69.2 | 9.5% | 7.9% | — |
| Globus Spirits Limited | ₹831 | ₹2,416 cr | 22.7 | 9.7% | 2.3% | — |
| GM Breweries Limited | ₹937 | ₹2,141 cr | 14.2 | 14.0% | 4.7% | — |
| India Glycols Limited | ₹249 | ₹1,667 cr | 4.3 | 13.2% | 3.2% | — |
| Action | Detail | Ex-date |
|---|---|---|
| Dividend | ₹11 / share | 8 Jul 2026 |
| Dividend | ₹6 / share | 27 Jan 2026 |
| Dividend | ₹8 / share | 1 Aug 2025 |
| Dividend | ₹4 / share | 3 Apr 2025 |
| Dividend | ₹5 / share | 12 Jul 2024 |
| Dividend | ₹4 / share | 17 Nov 2023 |
A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.
Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.
Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.
The company also transacted with 21 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.
Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.