NSE UNITDSPR · BSE 532432 · Beverages (Alcoholic) · NIFTY 500
United Spirits Share Price
United Spirits Overview
Where the price stands, how it has moved and how it sits against its averages.
United Spirits shares last traded at ₹1,424.00 on the NSE, down 0.98% on the day. That is 9.6% below the 52-week high of ₹1,575.75 and 17.6% above the 52-week low of ₹1,210.40. The stock trades at 55.05× earnings, above the sector average of 16.96. Its market value is ₹1,03,713 Cr.
Price returns
Against the market: 1 Month ▼ −3.03% · 3 Months ▲ +9.09% · 6 Months ▲ +10.52% · This year ▲ +13.68% · 1 Year ▲ +17.89%
Shading grows with the size of the move. We ask our data provider for a newer price every 15 minutes while the market is open (9:15 AM–3:30 PM IST). Its quotes are not real-time — the time at the top shows how current the price is.
Moving averages — price is above 4 of 6
- 50-day average₹1,469.80 ▼ price 3.1% below
- 20-day average₹1,451.10 ▼ price 1.9% below
- Today's price₹1,424.00
- 10-day average₹1,395.63 ▲ price 2.0% above
- 100-day average₹1,390.37 ▲ price 2.4% above
- 5-day average₹1,389.10 ▲ price 2.5% above
- 300-day average₹1,376.63 ▲ price 3.4% above
Each average is the mean closing price over that many trading days; averages above the current price sit higher on the ladder.
United Spirits Financial Results
Revenue and net profit in ₹ crore, with the full statements underneath.
Year by year
| Fiscal year | Revenue | Growth | Net profit | Net margin | EPS | Dividend |
|---|---|---|---|---|---|---|
| FY 2026 | ₹27,816 Cr | ▲ +3.9% | ₹1,838 Cr | 6.6% | ₹24.07 | ₹17.00 |
| FY 2025 | ₹26,780 Cr | ▲ +2.9% | ₹1,582 Cr | 5.9% | ₹20.35 | ₹12.00 |
| FY 2024 | ₹26,018 Cr | ▼ −6.5% | ₹1,408 Cr | 5.4% | ₹19.84 | ₹9.00 |
| FY 2023 | ₹27,815 Cr | ▼ −10.5% | ₹1,136 Cr | 4.1% | ₹16.01 | — |
| FY 2022 | ₹31,062 Cr | ▲ +13.3% | ₹829 Cr | 2.7% | ₹11.68 | — |
| FY 2021 | ₹27,419 Cr | ▼ −4.9% | ₹384 Cr | 1.4% | ₹5.41 | — |
| FY 2020 | ₹28,824 Cr | — | ₹659 Cr | 2.3% | ₹10.06 | — |
Quarter by quarter
| Quarter | Revenue | vs prev. qtr | Net profit | Net margin | EPS |
|---|---|---|---|---|---|
| Q1 FY27 | ₹6,122 Cr | ▼ −4.0% | ₹463 Cr | 7.6% | ₹3.34 |
| Q4 FY26 | ₹6,380 Cr | ▼ −19.7% | ₹539 Cr | 8.4% | ₹5.78 |
| Q3 FY26 | ₹7,942 Cr | ▲ +10.3% | ₹418 Cr | 5.3% | ₹5.88 |
| Q2 FY26 | ₹7,199 Cr | ▲ +23.6% | ₹464 Cr | 6.4% | ₹6.53 |
| Q1 FY26 | ₹5,823 Cr | ▼ −5.1% | ₹417 Cr | 7.2% | ₹3.62 |
| Q4 FY25 | ₹6,138 Cr | ▼ −20.6% | ₹421 Cr | 6.9% | ₹4.00 |
| Q3 FY25 | ₹7,732 Cr | ▲ +15.9% | ₹335 Cr | 4.3% | ₹4.72 |
| Q2 FY25 | ₹6,672 Cr | — | ₹341 Cr | 5.1% | ₹4.80 |
Balance sheet — FY26
- Total assets₹14,469 Cr
- Total liabilities₹5,516 Cr
- Shareholders' equity₹8,953 Cr
- Total debt₹413 Cr
- Cash & investments₹3,115 Cr
- Current ratio2.05×
- Revenue growth, 5 yr0.29% a year
- EPS growth, 5 yr34.80% a year
- Operating margin (TTM)5.89%
- Net margin (TTM)5.53%
Cash flow — FY26
Right of the line = cash coming in, left = cash going out. Free cash flow = cash from operations minus capital spending.
Full financial statements, FY20–FY26
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Total revenue | 28,823.70 | 27,418.50 | 31,061.80 | 27,815.40 | 26,018.00 | 26,780.00 | 27,816.00 |
| Cost of revenue | 24,817.10 | 23,980.70 | 26,997.50 | 23,804.90 | 21,209.00 | 21,714.00 | 22,142.00 |
| Gross profit | 4,006.60 | 3,437.80 | 4,064.30 | 4,010.50 | 4,809.00 | 5,066.00 | 5,674.00 |
| Operating expenses | 27,462.20 | 26,751.90 | 29,908.70 | 26,503.80 | 24,301.00 | 25,058.00 | 25,910.00 |
| Operating income | 1,361.50 | 666.60 | 1,153.10 | 1,311.60 | 1,717.00 | 1,722.00 | 1,906.00 |
| Depreciation | 292.00 | 285.20 | 303.80 | 282.50 | 275.00 | 274.00 | 289.00 |
| Profit before tax | 1,160.30 | 540.00 | 1,086.60 | 1,278.60 | 1,857.00 | 1,950.00 | 2,219.00 |
| Tax | 485.30 | 177.90 | 276.00 | 152.80 | 449.00 | 505.00 | 510.00 |
| Net profit | 658.90 | 383.60 | 828.60 | 1,136.30 | 1,408.00 | 1,582.00 | 1,838.00 |
| EPS (₹) | 10.06 | 5.41 | 11.68 | 16.01 | 19.84 | 20.35 | 24.07 |
| Dividend per share (₹) | — | — | — | — | 9.00 | 12.00 | 17.00 |
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Total assets | 8,851.30 | 8,537.00 | 8,911.30 | 9,761.50 | 11,249.00 | 13,248.00 | 14,469.00 |
| Current assets | 4,870.30 | 4,803.00 | 5,163.40 | 6,234.60 | 7,377.00 | 9,202.00 | 10,563.00 |
| Cash & short-term investments | 72.40 | 83.10 | 282.00 | 1,139.00 | 1,868.00 | 2,608.00 | 3,115.00 |
| Inventory | 1,986.40 | 2,099.10 | 2,196.00 | 2,279.80 | 2,139.00 | 2,384.00 | 2,758.00 |
| Property, plant & equipment | 1,655.40 | 1,577.40 | 1,563.50 | 1,217.70 | 1,108.00 | 1,379.00 | 1,292.00 |
| Total liabilities | 5,123.30 | 4,417.20 | 3,957.60 | 3,762.00 | 4,128.00 | 5,144.00 | 5,516.00 |
| Current liabilities | 4,993.80 | 4,337.70 | 3,838.30 | 3,624.30 | 3,903.00 | 4,722.00 | 5,145.00 |
| Total debt | 2,570.20 | 1,036.80 | 605.40 | 183.30 | 265.00 | 480.00 | 413.00 |
| Total equity | 3,728.00 | 4,119.80 | 4,953.70 | 5,999.50 | 7,121.00 | 8,104.00 | 8,953.00 |
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| From operations | 783.20 | 1,817.70 | 977.40 | 614.70 | 1,118.00 | 1,947.00 | 1,459.00 |
| From investing | −193.60 | −99.20 | −312.70 | −53.20 | 226.00 | −1,114.00 | −428.00 |
| From financing | −739.90 | −1,706.80 | −688.00 | −500.90 | −407.00 | −557.00 | −1,450.00 |
| Capital expenditure | −211.60 | −173.70 | −134.00 | −136.60 | −98.00 | −162.00 | −181.00 |
| Dividends paid | — | — | — | — | −284.00 | −355.00 | −1,263.00 |
| Net change in cash | −150.30 | 11.70 | −23.30 | 60.60 | 937.00 | 276.00 | −419.00 |
United Spirits vs Peers
Side by side with other beverages (alcoholic) companies. The small bars compare each column.
| Company | Price | Change | Market cap | P/E | P/B | ROE (5 yr) | Net margin | Div. yield |
|---|---|---|---|---|---|---|---|---|
| United Spirits This stock | ₹1,424.00 | ▼ −0.98% | ₹1,03,713 Cr | 55.05 | 11.57 | 19.95% | 5.53% | 1.19% |
| Radico Khaitan | ₹4,480.00 | ▼ −2.67% | ₹60,024 Cr | 89.27 | 16.55 | 14.15% | 2.88% | 0.22% |
| United Breweries | ₹1,272.90 | ▲ +2.56% | ₹33,659 Cr | 95.07 | 7.83 | 9.44% | 2.37% | 0.75% |
| Allied Blenders and Distillers | ₹713.15 | ▲ +8.47% | ₹20,002 Cr | 75.30 | 10.37 | 11.33% | 2.91% | 0.88% |
| Tilaknagar Industries | ₹589.55 | ▼ −1.98% | ₹14,590 Cr | 38.02 | 3.67 | 16.14% | 0.39% | 0.23% |
| Globus Spirits | ₹837.10 | ▲ +0.90% | ₹2,634 Cr | 29.45 | 2.48 | 11.66% | 2.58% | 0.30% |
Peer prices and ratios as last reported by the data provider. Company names link to their own pages.
United Spirits Key Metrics
Each ratio placed against a benchmark — the sector average, the company's own 5-year average, or a common rule of thumb.
Valuation The price against earnings, book value and sales
Profitability Of every ₹100 of sales, how much is kept?
Returns & efficiency How well does it use its money?
Growth Is the business getting bigger?
Financial strength Can it pay its bills and debts?
Per share What each share stands for
The share price is 11.57× the book value behind each share.
Benchmarks: sector averages and 5-year averages come from the data provider; the debt and liquidity bands are common rules of thumb, not investment advice.
All 108 metrics from the data provider
Valuation
Per share
Margins
Growth
Financial strength
Returns & efficiency
Price & volume
Dividends & Corporate Events
Payouts to shareholders, splits and bonus issues, and company meetings — newest first.
- Dividend yield1.19%
- Payout ratio70.63%
- Latest dividend₹11.00 per share · 8 Jul 2026
Corporate calendar
- MeetingAnnual General Meeting
- BoardQuarterly Results
- Dividend₹11.00 per share · 550% · Final dividend
- BoardAudited Results & Final Dividend
- MeetingPostal Ballot
- Dividend₹6.00 per share · 300% · Interim dividend
- BoardQuarterly Results & Interim Dividend
- MeetingPostal Ballot
Show 12 older events
- BoardQuarterly Results
- MeetingAnnual General Meeting
- BoardQuarterly Results
- Dividend₹8.00 per share · 400% · Final dividend
- MeetingPostal Ballot
- BoardAudited Results & Final Dividend
- Dividend₹4.00 per share · 200% · Interim dividend
- BoardInterim Dividend
- BoardQuarterly Results
- MeetingPostal Ballot
- Dividend₹5.00 per share · 250% · Final dividend
- Dividend₹4.00 per share · 200% · Interim dividend
About United Spirits
Beverages (Alcoholic)
United Spirits Limited is an India-based company. The Company is s engaged in the business of manufacture, purchase and sale of beverage alcohol and other allied spirits, including through tie-up manufacturing units and through strategic franchising of some of its brands. The Company operates through two segments: Beverage alcohol, and Sports. Beverage alcohol segment is engaged in the manufacture, purchase, franchise and sale of beverage alcohol and other allied spirits. Sports segment owns rights to operate sports franchises. The Company’s portfolio includes premium brands such as Johnnie Walker, Black Dog, Black & White, Vat 69, Antiquity, Signature, Singelton, Royal Challenge, McDowell’s No 1, Smirnoff, Ketel One, Tanqueray, Captain Morgan, and others. The Company’s subsidiary is Royal Challengers Sports Private Limited. Royal Challengers Sports Private Limited, holds the rights to operate a sports franchise.
Key people
- Praveen SomeshwarChief Executive Officer, Managing Director, Additional Director
- Pradeep JainChief Financial Officer, Executive Director
- Chinmay SharmaChief Human Resources Officer
- Ruchira JaitlyChief Marketing Officer
- Pragya KaulCompliance Officer, Company Secretary
- Archana SasanInterim General Counsel
Company facts
- NSE symbolUNITDSPR
- BSE code532432
- ISININE854D01024
- IndustryBeverages (Alcoholic)
- IndexNIFTY 500
- Market cap₹1,03,713 Cr
- Revenue (FY26)₹27,816 Cr
- Net profit (FY26)₹1,838 Cr
In the News
Recent headlines about United Spirits — they open on Mint in a new tab.
- 'My life is a lie': Old Monk isn't 'rum'? Why FSSAI's claim has left drinkers stunned
FSSAI told the Bombay HC that Old Monk cannot be sold as rum as it is made using neutral spirit and rum flavouring. The regulator said it can instead be called a rum-flavoured spirit, leaving generations of Old Monk drinkers questioning everything.
6 Sep 2026 · 4 min read · Mint ↗ - Old Monk can’t be sold as rum, FSSAI tells Bombay High Court, as company submits revised labels
The food regulator argues the beverage is a ‘rum-flavoured spirit’ made from neutral alcohol and rum flavouring.
3 Sep 2026 · 2 min read · Mint ↗ - Old Monk buckles under FSSAI pressure, tells HC it will drop ‘7 years old blended’ from label
The court also questioned the Old Monk rum maker about some of the text on the label, which was “so small that nobody can read”
31 Aug 2026 · 3 min read · Mint ↗ - United Spirits withdraws HC plea after FSSAI revokes ban on its rum
United Spirits has withdrawn its Bombay High Court challenge against FSSAI restrictions on select liquor variants after the regulator revoked its order. The dispute involved added ‘rum flavour’. Old Monk maker Mohan Rocky continues to challenge a similar ban.
24 Aug 2026 · 2 min read · Mint ↗ - FSSAI gives liquor makers 90 days to comply with whisky, rum labelling rules
Diageo’s move follows FSSAI objections over flavouring in select spirits, raising questions over costs, product formulations and a manufacturing practice widely used across India’s liquor industry.
18 Aug 2026 · 6 min read · Mint ↗ - Mint Explainer | Why food labelling is under the FSSAI scanner
Rising consumer demand for healthier foods, stricter enforcement and misleading claims are forcing companies to rethink packaging as the FSSAI steps up scrutiny.
6 Aug 2026 · 3 min read · Mint ↗ - Restaurants, food brands grapple with tougher enforcement as regulators step up scrutiny
From social media disclosures to high-profile inspections, India’s food regulators are becoming more visible, forcing restaurants and brands to adapt to tougher oversight.
5 Aug 2026 · 3 min read · Mint ↗ - Can Radico Khaitan keep its lead over liquor rivals?
Radico Khaitan has stayed well ahead of its peers, not just over the past six months but also on a three-year basis, as the chart shows. Radico's scrip has gained nearly 56% in the past six months, compared to a 12% rise in United Spirits, and a decline of 2% for United Breweries.
31 Jul 2026 · 4 min read · Mint ↗
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