- POSITIVE
Quarterly Revenue United Spirits Sep-2026 Quarterly Revenue is Rs 3,322 Cr which is growth of 2.3% YoY.
- NEGATIVE
Quarterly Net Profit United Spirits Sep-2026 Quarterly Net Profit is Rs 462 Cr which is growth of -2.1% YoY.
NSE: UNITDSPR | BSE: 532432
United Spirits Live Share Price Today, Share Analysis and Chart
aboutUnited Spirits Limited (USL) is a subsidiary of Diageo plc and operates as India's leading beverage alcohol company. The company manufactures, sells, and distributes a diverse portfolio of premium spirits, including whisky, rum, vodka, gin, and brand... Read More
1333.7044.20(3.43%)
1.8M
NSE+BSE Volume
NSE 30 Oct, 2026 3:31 PM (IST)
Expensive PerformerThese stocks have medium quality and momentum.Their expensive valuations suggest cautionView SimilarEmbed DVM
Please subscribe to view forecaster data
United Spirits Stock Price Analysis
Day Price Range3.4% 1 Day return | 1333.7 (LTP) 1,291.11,346.6 LowHigh |
|---|---|
Week Price Range6.5% 1 Week return | 1333.7 (LTP) 1,217.51,346.6 LowHigh |
Month Price Range-1.5% 1 Month return | 1333.7 (LTP) 1,217.51,404.5 LowHigh |
52 Week Price Range-6.8% 1 Year return | 1333.7 (LTP) 1,210.81,563.4 LowHigh |
United Spirits Forecaster - Analyst Share Price Target and Estimates
Revenue forecast
EPS forecast
CURRENT EPS
AVG. ESTIMATE
Consensus Recommendation
25 ANALYST Recommendations
BUY
Forecaster is a Premium Feature
You need to upgrade your subscription plan to access this feature
See what you get Forecaster
Competitors/Peers
Revenue Mix
Quarterly
Annual
Balance Sheet
Ratios
Cash Flow
Documents
United Spirits quarterly results: revenue, profit, and P&L – 13 quarter history
Nested row level
Base Level
Reporting Type
Standalone
Cell Data
Actual
Table Settings
YoY & New to Old
Nested row level
Base Level
Export
| Indicator | Graph | Sep '26 | Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,322 | 2,925 | 3,341 | 3,827 | 3,246 | 2,610 | 3,116 | 3,622 | 2,877 | 2,384 | 2,895 | 3,035.4 | 2,903.5 | ||
Operating Exp. | 2,615 | 2,271 | 2,455 | 3,065 | 2,498 | 2,134 | 2,441 | 2,844 | 2,336 | 1,894 | 2,304 | 2,497.9 | 2,394.6 | |
Operating Profit | 643 | 432 | 591 | 618 | 672 | 415 | 505 | 588 | 507 | 458 | 362 | 491.4 | 470.1 | |
Operating Profit Margin % | 19.74% | 15.98% | 19.40% | 16.78% | 21.20% | 16.28% | 17.14% | 17.13% | 17.83% | 19.47% | 13.58% | 16.44% | 16.41% | |
Depr. | 74 | 70 | 71 | 79 | 65 | 68 | 68 | 72 | 69 | 65 | 71 | 62.8 | 65.3 | |
Interest | 24 | 30 | 69 | 19 | 21 | 49 | 22 | 20 | 25 | 22 | 29 | 16.4 | 26.2 | |
Profit Before Tax | 620 | 473 | 706 | 654 | 632 | 348 | 585 | 621 | 447 | 403 | 460 | 458.3 | 448.1 | |
Tax | 158 | 82 | 135 | 125 | 160 | 90 | 134 | 148 | 112 | 104 | 76 | 110.2 | 106.8 | |
Net Profit | 462 | 391 | 571 | 529 | 472 | 258 | 451 | 473 | 335 | 299 | 384 | 348.1 | 341.3 | |
EPS Adj. latest | 6.4 | 5.4 | 7.9 | 7.3 | 6.5 | 3.6 | 6.2 | 6.5 | 4.6 | 4.1 | 5.3 | 4.8 | 4.7 | |
Net profit TTM | 1,953 | 1,963 | 1,830 | 1,710 | 1,654 | 1,517 | 1,558 | 1,491 | 1,366.1 | 1,372.4 | 1,311.6 | 1,131.6 | 894 | |
Basic EPS TTM | 26.9 | 27.1 | 25.2 | 23.6 | 22.8 | 20.9 | 21.5 | 20.6 | 18.8 | 18.9 | 18.1 | 15.6 | 12.3 | |
Earnings Transcripts | ||||||||||||||
Results PDF | ||||||||||||||
Result Notes |
*All financials are in INR Cr and price data in INR
Add metric to table
Search...
United Spirits Technical Analysis
United Spirits EMA & SMA
Neutral0
4 bullish, 4 bearish
Bullish4
Bearish4
| 5 Day | 1291.3 |
|---|---|
| 10 Day | 1297.5 |
| 12 Day | 1302.5 |
| 20 Day | 1322.6 |
| 26 Day | 1336.1 |
|---|---|
| 50 Day | 1370.2 |
| 100 Day | 1384.6 |
| 200 Day | 1382.5 |
United Spirits Delivery And Volume
Daily Avg. Delivery Volume %
30 Oct, 202636.1%
Week52.9%
Month62.0%
United Spirits Active Candlesticks
Belt Hold Uptrend
Legend
Positive IndicatorNeutral IndicatorNegative Indicator
United Spirits Resistance and Support
1323.80
Pivot
| First Resistance | 1356.5 |
|---|---|
| Second Resistance | 1379.3 |
| Third Resistance | 1412 |
| First Support | 1301 |
|---|---|
| Second Support | 1268.3 |
| Third Support | 1245.5 |
| Day RSI | 49.4 |
|---|---|
| Day MACD | -33.6 |
| Day MFI | 67.3 |
| Day MACD Signal Line | -33.4 |
United Spirits Beta
| 1 Month | 1.5 |
|---|---|
| 1 Year | 0.9 |
| 3 Month | 1.3 |
|---|---|
| 3 Year | 0.7 |
United Spirits Price Change Analysis
↓-1.5%
Over 1 Month
LowHigh
1217.51404.5
↓-12.0%
Over 3 Months
LowHigh
1217.51563.4
↑0.6%
Over 6 Months
LowHigh
1217.51563.4
↓-6.8%
Over 1 Year
LowHigh
1210.81563.4
United Spirits Deals - Insider, Bulk, Block and SAST
| Client Name | Deal Type | Action | Date | Avg. Price | Quantity | Exchange |
|---|---|---|---|---|---|---|
| STATE STREET MSCI ACWI EX USA IMI SCREENED NON-LENDING COMMON TRUST FUND | Block | Sell | 14 Jul 2025 | 1357.60 | 92,683 | BSE |
| STATE STREET MSCI ACWI EX USA IMI SCREENED NON-LENDING COMMON TRUST FUND | Block | Purchase | 14 Jul 2025 | 1357.60 | 92,683 | BSE |
| PRAZIM TRADING AND INVESTMENT COMPANY PRIVATE LIMITED | Block | Sell | 06 Nov 2024 | 1456.15 | 1,421,589 | NSE |
| PI OPPORTUNITIES AIF V LLP | Block | Purchase | 06 Nov 2024 | 1456.15 | 1,421,589 | NSE |
| RONDURE NEW WORLD FUND | Block | Sell | 20 Oct 2023 | 1045.95 | 127,406 | BSE |
| NORTHERN LIGHTS FUND TRUST III RONDURE NEW WORLD FUND | Block | Purchase | 20 Oct 2023 | 1045.95 | 127,406 | BSE |
| ISHARES CORE EMERGING MARKETS MAURITIUS CO | Block | Sell | 14 Nov 2022 | 884.90 | 482,127 | NSE |
| ISHARES CORE MSCI EMERGING MARKETS ETF | Block | Purchase | 14 Nov 2022 | 884.90 | 482,127 | NSE |
| ISHARES CORE EMERGING MARKETS MAURITIUS CO | Block | Sell | 03 Nov 2022 | 894 | 482,128 | NSE |
| ISHARES CORE MSCI EMERGING MARKETS ETF | Block | Purchase | 03 Nov 2022 | 894 | 482,128 | NSE |
United Spirits Corporate Actions
United Spirits Dividend history and yield
United Spirits dividend yields, including actual and adjusted, and dividend history, including announcement, record, and ex-dividend dates. Track United Spirits dividend yield over time.
#Ex-Date | Dividend Amount | Dividend Type | Record Date | Instrument Type |
|---|---|---|---|---|
108 Jul 2026 | 11 | FINAL | 08 Jul 2026 | Equity Share |
227 Jan 2026 | 6 | INTERIM | 27 Jan 2026 | Equity Share |
301 Aug 2025 | 8 | FINAL | 01 Aug 2025 | Equity Share |
403 Apr 2025 | 4 | INTERIM | 03 Apr 2025 | Equity Share |
512 Jul 2024 | 5 | FINAL | 12 Jul 2024 | Equity Share |
United Spirits Board Meetings
United Spirits past and upcoming board meetings.
#Ex-Date | Purpose | Notes |
|---|---|---|
128 Oct 2026 | Quarterly Results | - |
222 Jul 2026 | Quarterly Results | - |
314 May 2026 | Audited Results & Final Dividend | - |
420 Jan 2026 | Quarterly Results & Interim Dividend | - |
530 Oct 2025 | Quarterly Results | - |
United Spirits Stock Split
United Spirits stock split details, including announcement, record, and ex-split dates, along with the split ratios
#Ex-Date | Old FV | New FV | Record Date |
|---|---|---|---|
115 Jun 2018 | 10 | 2 | 18 Jun 2018 |
United Spirits Research Reports
United Spirits research reports with share price targets, and buy/hold/sell recommendations from top brokers.
# Date | Broker Name | Target | Price When Recommended | Type | Upside | Change Since Recommendation | Links |
|---|---|---|---|---|---|---|---|
| 122 Jul 2026 | Motilal Oswal Target | 1525 | 1418 | Neutral | 7.55% | -5.94% | |
| 209 Jun 2026 | Geojit BNP Paribas | 1368 | 1259.9 | Hold | 8.58% | 5.86% | |
| 320 Jan 2026 | Motilal Oswal | 1500 | 1320 | Neutral | 13.64% | 1.04% | |
| 403 Dec 2025 | Geojit BNP Paribas | 1580 | 1431.9 | Hold | 10.34% | -6.86% | |
| 531 Oct 2025 | Motilal Oswal | 1575 | 1431.4 | Neutral | 10.03% | -6.83% |
United Spirits Corporate Filings
United Spirits BSE corporate filings and AGM, press releases, insider trading & SAST, results and corporate actions.
| Date | Announcement Title | Details | Links |
|---|---|---|---|
| 30 Oct 2026 | United Spirits Ltd - 532432 - Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 | Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 | |
| 29 Oct 2026 | United Spirits Ltd - 532432 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome | Link for recording of Investor Call Q2FY27 | |
| 29 Oct 2026 | United Spirits Results Earnings Call for Q2FY27 | Conference Call with United Spirits Management and Analysts on Q2FY27 Performance and Outlook. Listen to the full earnings transcript. | |
| 29 Oct 2026 | United Spirits Ltd - 532432 - Announcement under Regulation 30 (LODR)-Newspaper Publication | Copy of newspaper publication | |
| 28 Oct 2026 | Q2FY27 Quarterly Result Announced for United Spirits Ltd. | Breweries & Distilleries company United Spirits announced Q2FY27 results Consolidated Financial Highlights: Revenue from Operations: Stood at Rs 7,014 crore in Q2FY27, up 14.57% QoQ compared to Rs 6,122 crore in Q1FY27, but down 2.57% YoY compared to Rs 7,199 crore in Q2FY26 (Rs 27,816 crore in FY26). Other Income: Recorded at Rs 65 crore in Q2FY27, down 10.96% QoQ from Rs 73 crore in Q1FY27 and down 15.58% YoY from Rs 77 crore in Q2FY26 (Rs 478 crore in FY26). Total Income: Stood at Rs 7,079 crore in Q2FY27, growing 14.27% QoQ compared to Rs 6,195 crore in Q1FY27, but declining 2.71% YoY compared to Rs 7,276 crore in Q2FY26 (Rs 28,294 crore in FY26). Profit Before Exceptional Items and Tax (from continuing operations): Reported at Rs 607 crore in Q2FY27, reflecting an increase of 51.75% QoQ from Rs 400 crore in Q1FY27, but a decline of 7.61% YoY from Rs 657 crore in Q2FY26 (Rs 2,310 crore in FY26). Exceptional Items (Net): Stood at an income of Rs 11 crore in Q2FY27 compared to an expense of Rs 81 crore in Q1FY27 and an expense of Rs 30 crore in Q2FY26 (expense of Rs 91 crore in FY26). Profit Before Tax from Continuing Operations: Stood at Rs 618 crore in Q2FY27, up 93.73% QoQ from Rs 319 crore in Q1FY27, but down 1.44% YoY from Rs 627 crore in Q2FY26 (Rs 2,219 crore in FY26). Tax Expense (Continuing Operations): Stood at Rs 158 crore in Q2FY27 compared to Rs 82 crore in Q1FY27 and Rs 160 crore in Q2FY26 (Rs 510 crore in FY26). Profit for the Period from Continuing Operations: Reached Rs 460 crore in Q2FY27, up 94.09% QoQ from Rs 237 crore in Q1FY27, but marginally lower by 1.50% YoY from Rs 467 crore in Q2FY26 (Rs 1,709 crore in FY26). Discontinued Operations: Loss after tax from discontinued operations was Rs 32 crore in Q2FY27 compared to a profit of Rs 226 crore in Q1FY27 and a loss of Rs 3 crore in Q2FY26 (profit of Rs 129 crore in FY26). Total Profit for the Period (PAT): Reported at Rs 428 crore in Q2FY27, decreasing 7.56% QoQ from Rs 463 crore in Q1FY27 and down 7.76% YoY from Rs 464 crore in Q2FY26 (Rs 1,838 crore in FY26). Total Comprehensive Income: Stood at Rs 429 crore in Q2FY27 compared to Rs 463 crore in Q1FY27 and Rs 465 crore in Q2FY26 (Rs 1,847 crore in FY26). Earnings Per Share (EPS): Continuing Operations: Basic and Diluted EPS stood at Rs 6.48 in Q2FY27 versus Rs 3.34 in Q1FY27 and Rs 6.58 in Q2FY26 (Rs 24.07 in FY26). Discontinued Operations: Basic and Diluted EPS stood at Rs (0.45) in Q2FY27 versus Rs 3.18 in Q1FY27 and Rs (0.04) in Q2FY26 (Rs 1.82 in FY26). Total Equity: Stood at Rs 9,066 crore as of September 30, 2026 (equity attributable to owners of Rs 9,062 crore and non-controlling interest of Rs 4 crore), compared to Rs 8,957 crore as of March 31, 2026 (FY26). Standalone Financial Highlights: Revenue from Operations: Stood at Rs 7,001 crore in Q2FY27, rising 14.53% QoQ from Rs 6,113 crore in Q1FY27, but down 2.66% YoY from Rs 7,192 crore in Q2FY26 (Rs 27,781 crore in FY26). Other Income: Recorded at Rs 64 crore in Q2FY27, down 71.17% QoQ compared to Rs 222 crore in Q1FY27 and down 15.79% YoY compared to Rs 76 crore in Q2FY26 (Rs 576 crore in FY26). Total Income: Reported at Rs 7,065 crore in Q2FY27, an increase of 11.52% QoQ from Rs 6,335 crore in Q1FY27, but a decline of 2.79% YoY from Rs 7,268 crore in Q2FY26 (Rs 28,357 crore in FY26). Profit Before Exceptional Items and Tax: Reached Rs 609 crore in Q2FY27, up 9.93% QoQ compared to Rs 554 crore in Q1FY27, but down 8.01% YoY compared to Rs 662 crore in Q2FY26 (Rs 2,431 crore in FY26). Exceptional Items (Net): Net gain of Rs 11 crore in Q2FY27 compared to an expense of Rs 81 crore in Q1FY27 and an expense of Rs 30 crore in Q2FY26 (expense of Rs 91 crore in FY26). Profit Before Tax (PBT): Stood at Rs 620 crore in Q2FY27, rising 31.08% QoQ against Rs 473 crore in Q1FY27, but decreasing 1.90% YoY against Rs 632 crore in Q2FY26 (Rs 2,340 crore in FY26). Total Tax Expense: Stood at Rs 158 crore in Q2FY27 (comprising current tax of Rs 163 crore and deferred tax credit of Rs 5 crore) compared to Rs 82 crore in Q1FY27 and Rs 160 crore in Q2FY26 (Rs 510 crore in FY26). Profit After Tax (PAT): Reported at Rs 462 crore in Q2FY27, increasing 18.16% QoQ from Rs 391 crore in Q1FY27, but down 2.12% YoY from Rs 472 crore in Q2FY26 (Rs 1,830 crore in FY26). Total Comprehensive Income: Stood at Rs 462 crore in Q2FY27 compared to Rs 391 crore in Q1FY27 and Rs 472 crore in Q2FY26 (Rs 1,829 crore in FY26). Earnings Per Share (EPS): Basic and Diluted EPS stood at Rs 6.35 in Q2FY27 compared to Rs 5.38 in Q1FY27 and Rs 6.49 in Q2FY26 (Rs 25.16 in FY26). Total Equity: Stood at Rs 8,791 crore as of September 30, 2026 (equity share capital of Rs 145 crore and reserves and surplus of Rs 8,646 crore), compared to Rs 8,721 crore as of March 31, 2026 (FY26). Business & Segment Highlights Segment Revenue: Beverage Alcohol: Net segment revenue stood at Rs 3,264 crore in Q2FY27, up 20.53% QoQ compared to Rs 2,708 crore in Q1FY27 and up 2.87% YoY compared to Rs 3,173 crore in Q2FY26 (Rs 12,467 crore in FY26). Gross revenue including excise duty (Rs 3,750 crore) was Rs 7,014 crore. Sports (Discontinued Operations): Generated Nil revenue in Q2FY27 compared to Rs 552 crore in Q1FY27 and Nil in Q2FY26 (Rs 545 crore in FY26). Segment Results (EBITDA before exceptional items and unallocated): Beverage Alcohol: Rs 643 crore in Q2FY27, increasing 49.88% QoQ from Rs 429 crore in Q1FY27, but down 3.60% YoY from Rs 667 crore in Q2FY26 (Rs 2,286 crore in FY26). Sports: Loss of Rs 11 crore in Q2FY27 compared to profit of Rs 264 crore in Q1FY27 and loss of Rs 7 crore in Q2FY26 (profit of Rs 159 crore in FY26). Sale of Royal Challengers Sports Private Limited (RCSPL): The Board of Directors approved the sale of 100% equity stake (14,690 equity shares) in wholly owned subsidiary RCSPL for an aggregate consideration of Rs 16,663 crore (subject to adjustments and conditions set out in the SPA). An Amended and Restated SPA was executed on May 11, 2026, to give effect to purchaser consortium changes. Approval from the Competition Commission of India (CCI) was received on June 30, 2026, while approval from the Board of Control for Cricket in India (BCCI) is currently awaited. The sports segment’s operational results continue to be classified as "Discontinued Operations", and its net assets/liabilities are classified as held for sale. Supply Agility Programme / Exceptional Items: Pursuant to the Supply Agility Programme, an income of Rs 11 crore relating to a closed unit was recognized under exceptional items during Q2FY27. Praveen Someshwar, CEO & Managing Director, commenting on the Q2FY27 performance, said: “We delivered a resilient quarter despite a strong prior-year base and regulatory headwinds, while continuing to invest behind our brands for long-term growth. The relaunch of J&B; Scotch, enabled by the India-UK FTA, offers consumers a compelling proposition that will help recruit and deepen Scotch penetration. We also continue to unlock new avenues for growth, most recently, entering the Ready-to-Drink (RTD) segment with Smirnoff Ice to give consumers a convenient new choice. We look ahead to the festive quarter with confidence.” Result PDF |
United Spirits Documents
United Spirits Earnings Call
United Spirits earnings calls, including management commentary and AI-generated summaries.
| Date | Title | Links |
|---|---|---|
| 29 Oct 2026 | United Spirits Ltd - 532432 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome | Link |
| 29 Oct 2026 | United Spirits Results Earnings Call for Q2FY27 | AudioVideo |
| 30 Jul 2026 | United Spirits Ltd - 532432 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript | Link |
| 23 Jul 2026 | United Spirits Ltd - 532432 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome | Link |
| 23 Jul 2026 | United Spirits Results Earnings Call for Q1FY27 | AudioVideo |
United Spirits Annual Reports
United Spirits financials, including annual results, balance sheets, and cash flow statements.
United Spirits Credit Ratings
United Spirits credit ratings from CRISIL and leading rating agencies, assessing financial stability, investment grade, and related PDF documentation.
| Date | Rating Agency | Company Name | Description | Links |
|---|---|---|---|---|
| 05 Aug 2026 | crisil ratings | United Spirits Limited | United Spirits Limited:Ratings reaffirmed at 'Crisil AAA / Stable / Crisil A1+ ' | Link |
| 30 Jun 2025 | crisil ratings | United Spirits Limited | United Spirits Limited:Ratings reaffirmed at 'Crisil AAA/Stable/Crisil A1+' | Link |
| 14 Apr 2024 | crisil ratings | United Spirits Limited | United Spirits Limited:Rating reaffirmed at 'CRISIL AAA/Stable'; 'CRISIL A1+' reassigned to Bank Debt | Link |
| 14 Feb 2023 | crisil ratings | United Spirits Limited | United Spirits Limited:Long-term rating reaffirmed; Short-term rating Withdrawn | Link |
| 30 Jan 2023 | icra ratings | United Spirits Limited | United Spirits Limited: Ratings reaffirmed and withdrawn | Link |
United Spirits Investor Presentations
United Spirits investor presentations, including business updates, financial insights, and strategic initiatives.
| Date | Report Title | Links |
|---|---|---|
| 15 May 2026 | United Spirits Ltd - 532432 - Announcement under Regulation 30 (LODR)-Investor Presentation | Link |
| 23 May 2025 | United Spirits Ltd - 532432 - Announcement under Regulation 30 (LODR)-Investor Presentation | Link |
| 27 May 2024 | UNITED SPIRITS LTD. - 532432 - Investor Presentation | Link |
| 19 May 2023 | UNITED SPIRITS LTD. - 532432 - Announcement under Regulation 30 (LODR)-Investor Presentation | Link |
| 07 Feb 2023 | UNITED SPIRITS LTD. - 532432 - Announcement under Regulation 30 (LODR)-Investor Presentation | Link |
United Spirits - Company Profile
United Spirits Management Structure
United Spirits management structure with salaries, total experience, and qualifications.
United Spirits Board of Directors
United Spirits Board of directors with salaries, total experience, and qualifications.
Website: www.diageoindia.com
About the company - Business Profile
United Spirits Limited (USL) is a subsidiary of Diageo plc and operates as India's leading beverage alcohol company. The company manufactures, sells, and distributes a diverse portfolio of premium spirits, including whisky, rum, vodka, gin, and brandy. USL plays a central role in the Indian alcobev industry, leveraging its extensive distribution network and a "Prestige & Above" focused strategy to cater to the evolving preferences of aspirational Indian consumers.
Key Points
Key Facts
- Parent Company: Diageo Relay BV (a wholly owned subsidiary of Diageo plc) holds a 55.88% stake in the company.
- Headquarters: Bengaluru, Karnataka, India.
- Core Offerings: Owns marquee brands like McDowell’s No. 1, Royal Challenge, Signature, Antiquity, and Black Dog. It also licenses iconic Diageo brands such as Johnnie Walker, Smirnoff, Tanqueray, and Baileys.
- Stock Listing: Listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
Operations and Resources
- Manufacturing: Operates through 36 manufacturing facilities (owned and third-party) across India.
- Distribution: A robust network of over 90,000 outlets, ensuring extensive market reach and product availability.
- Sales Volume: Sold approximately 64 million cases during FY 2024-25.
Revenue and Business Model The company follows a business model centered on "Portfolio Premiumisation," shifting focus from mass-market products to high-margin premium brands.
- Revenue from Operations (FY25 Standalone): Rs 25,389 crore.
- EBITDA Margin: 16% (FY 2024-25).
- Profit After Tax (PAT): Rs 1,312 crore (FY 2024-25).
- Segment Performance (Net Sales Value - NSV Salience):
- Prestige & Above (P&A): Accounts for over 85% of total branded spirits sales value (up from 70% in FY21).
- Popular Segment: Represents the remaining share, with the company optimizing value from brands like Director’s Special Whisky and McDowell’s Rum.
- Sub-segment Upgrade (FY25):
- Luxury/Premium: 33% salience.
- Upper Prestige: 12% salience.
- Mid Prestige: 11% salience.
- Lower Prestige: 33% salience.
Key Products and Strategic Initiatives
- Brand Performance: Features 7 brands selling over one million cases annually and 3 brands (Johnnie Walker, Royal Challenge, McDowell’s No. 1) generating over Rs 1,000 crore in revenue.
- McDowell’s No. 1: Rebranded as "House of McDowell’s" to drive premiumisation; introduced McDowell’s Distiller’s Batch Single Malt.
- Innovation: Launched Godawan, an Indian Single Malt, which was crowned 'Single Malt Whisky of the Year' at the London Spirits Competition.
- Sustainability: Guided by the "Society 2030: Spirit of Progress" plan, achieving an 87% reduction in greenhouse gas emissions from operations and a 48% improvement in water-use efficiency in distilleries (against FY20 base).
Human Capital and Partnerships
- Employee Count: Approximately 2,598 permanent employees and workers.
- Engagement: Reported an 89% employee engagement score in FY 2024-25.
- Key Partnerships: Deepened cultural engagement through partnerships with RCB (Royal Challengers Bangalore) Men’s and Women’s IPL teams for brands like Royal Challenge and Signature.
Strategic Outlook USL's current strategy focuses on delivering sustained double-digit, profitable top-line growth. The company is actively reshaping its portfolio to increase the contribution of premium trademarks while exploring digital transformation and "grain-to-glass" sustainability to maintain its leadership position in the Indian market.
References