United Spirits Limited
NSE: UNITDSPRINE854D01024(was MCDOWELL-N)·Fast Moving Consumer GoodsNifty Next 50·www.diageoindia.com ↗·Mcap ₹1.05L Cr·Listed 2001
₹1,423.80▲ ₹0.50  (0.04%)
52W: ₹1,211 – ₹1,563 · Vol: 3.6L shares · Close 25 Sept
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Quarterly results

consolidated · as filed with NSE · Q1 FY27 back to Q4 FY19
₹ croreQ1 FY27Q4 FY26Q3 FY26Q2 FY26Q1 FY26Q4 FY25Q3 FY25Q2 FY25Q1 FY25Q4 FY24Q3 FY24Q2 FY24Q1 FY24Q4 FY23Q3 FY23Q2 FY23Q1 FY23Q4 FY22Q3 FY22Q2 FY22Q1 FY22Q4 FY21Q3 FY21Q2 FY21Q1 FY21Q4 FY20Q3 FY20Q2 FY20Q1 FY20Q4 FY19
Revenue from operations6,1226,8557,9427,1996,2956,6347,7326,6726,2386,5116,9626,7375,8085,7926,6108,2837,1317,7678,9178,2096,1697,6788,4107,5093,8216,4197,8127,3007,2930
Other income7329551817217572543511152.140.121.71821.37.626.223.80.13.87.84.618.8115.27.95.84.63.70
Total expenses5,7956,4077,4426,6255,7766,2667,2566,2645,6196,2796,5556,3615,1745,6616,3277,9326,8657,4298,5147,8236,0807,3928,0757,3444,0426,3097,5037,0136,9230
EBITDA429593599660644460568502713334487467714236372437372432519469189396458291−91.92484264084910
EBITDA margin7.0%8.7%7.5%9.2%10.2%6.9%7.3%7.5%11.4%5.1%7.0%6.9%12.3%4.1%5.6%5.3%5.2%5.6%5.8%5.7%3.1%5.2%5.4%3.9%-2.4%3.9%5.4%5.6%6.7%–
Finance costs3069192149222025222916.426.24.33624.42122.516.539.26.925.433.442.955.855.552.950.750.358.10
Depreciation7276806576707269727362.865.374.368.864.765.983.177.475.876.374.37778.969.373.985.16671.2630
Profit before tax31970354162557754348346265431245944664013115574025524140439051.3281375177−2911853152913730
Tax821351231601541211451191687110910616227.5−59.1191−6.962.7109104177.79451.1−44.9134821332090
Net profit46353941846441742133534148524135033947710321454826117929528650.3203280125−24749.32321581820
Net margin7.6%7.9%5.3%6.4%6.6%6.3%4.3%5.1%7.8%3.7%5.0%5.0%8.2%1.8%3.2%6.6%3.7%2.3%3.3%3.5%0.8%2.6%3.3%1.7%-6.5%0.8%3.0%2.2%2.5%–
EPS (₹)3.348.005.886.535.875.934.724.806.833.404.934.786.711.453.027.803.752.564.224.110.782.944.051.82-3.400.823.322.302.850.00
Net profit YoY+10.9%+28.0%+24.7%+36.1%−14.0%+74.7%−4.3%+0.5%+1.7%+134.4%+63.5%−38.1%+82.6%−42.4%−27.5%+91.2%+419.1%−12.1%+5.4%+128.9%+120.4%+312.4%+20.8%−20.6%−235.7%–––––

Annual results

financial years ending March · from the fourth-quarter filings
₹ croreFY26FY25FY24FY23FY22FY21FY20FY19
Revenue from operations27,81627,27626,01827,81531,06227,41928,82428,873
Other income47833622573.135.539.62269.2
Total expenses25,97725,40524,36826,78529,84626,85327,74927,931
EBITDA2,2862,2432,0011,4171,6081,0531,5721,394
EBITDA margin8.2%8.2%7.7%5.1%5.2%3.8%5.5%4.8%
Finance costs158897610488188212237
Depreciation289283275283304299285215
Profit before tax2,2262,1421,8581,2801,0875411,1641,014
Tax510553449153276178540328
Net profit1,8381,5821,4081,126811362621684
Net margin6.6%5.8%5.4%4.0%2.6%1.3%2.2%2.4%
EPS (₹)24.0722.2819.8316.0111.685.419.299.87
Net profit YoY+16.2%+12.4%+25.1%+38.9%+123.9%−41.7%−9.2%–
EPS is as filed for each period and is not restated for later bonus issues or splits.

Cash flow

annual · ₹ crore
₹ croreFY26FY25FY24FY23FY22
Operating cash flow1,4591,9471,118615977
Investing cash flow−428−1,114226−53.2−313
Financing cash flow−1,450−557−407−501−688
Capital expenditure18116298137134
Free cash flow (CFO − capex)1,2781,7851,020478843

Net profit trend

annual, ₹ crore
FY21
₹362
FY22
₹811+124%
FY23
₹1,126+39%
FY24
₹1,408+25%
FY25
₹1,582+12%
FY26
₹1,838+16%

Result filings

as filed with NSE · PDF and XBRL
PeriodBasisFiledDocuments
Q1 FY27Consolidated22 Jul 2026PDF on NSE XBRL
Q1 FY27Standalone22 Jul 2026PDF on NSE XBRL
Q4 FY26Consolidated14 May 2026PDF on NSE XBRL
Q4 FY26Standalone14 May 2026PDF on NSE XBRL
Q3 FY26Consolidated20 Jan 2026PDF on NSE XBRL
Q3 FY26Consolidated–PDF on NSE XBRL
Q3 FY26Standalone20 Jan 2026PDF on NSE XBRL
Q2 FY26Consolidated30 Oct 2025 PDF XBRL
Q2 FY26Standalone30 Oct 2025 PDF XBRL
Q1 FY26Consolidated13 Aug 2025PDF on NSE XBRL

Annual reports

NSE archive
Key ratios
P/E (TTM)5Y avg 54.9×54.8×
P/B5Y avg 11.36×11.53×
ROEFY26, on average equity21.6%
Net margin6.6%
Debt / equity0.00×
Revenue CAGR (3Y)0.0%
Profit CAGR (3Y)17.8%
EPS (TTM)₹25.98
Market cap₹1.03L Cr
Computed from the filings and the last close. Market cap uses the latest share count from the balance sheet.
P/B vs history
11.53×
vs 8-point avg 11.36× (+1%)
9.14× low11.36× avg15.10× high
History points are balance-sheet dates (2022 → 2026), priced at the adjusted close on each date.
Balance sheet 31 Mar 2026
Total assets₹14,469 Cr+9%
Net worth₹8,953 Cr+10%
Total borrowings₹6 Cr
Cash & bank balances₹859 Cr−35%
Investments₹1,171 Cr+34%
Inventories₹2,668 Cr+16%
Trade receivables₹3,609 Cr+6%
Trade payables₹2,383 Cr+6%
Change vs the same date a year earlier.
Revenue mix FY26
Beverage alcohol95.8%result ₹2,286 Cr
Sports4.2%result ₹159 Cr
Segment revenue as reported, before inter-segment eliminations.
Shareholding 30 Jun 2026
%Jun 26Mar 26Dec 25Sept 25Jun 25Mar 25Dec 24Sept 24Jun 24Mar 24Dec 23Sept 23
Promoter56.6756.6756.6756.6756.6756.6756.6756.6756.6756.6756.6756.67
FII12.8914.4114.1214.3815.0414.9815.9316.1115.1016.6816.2316.51
DII17.1515.3715.3714.9014.4014.6013.5513.1614.0112.2812.5112.33
of which MF15.0313.0812.7212.5012.13–––––––
Retail7.667.858.078.298.268.168.338.208.418.548.688.74
Other public5.635.705.775.765.635.595.525.865.815.835.915.75
2,93,859 shareholders · NSE shareholding pattern filings.