United Spirits Ltd.
NSE: UNITDSPR · Breweries & Distilleries
Snapshot
Unlock United Spirits Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
United Spirits Limited is a prominent Indian manufacturer and distributor of alcoholic beverages, offering a diverse portfolio of whisky, brandy, rum, vodka, and gin. The company manages a wide range of domestic brands alongside the distribution of Diageo's international premium spirits.
Business Model
The company generates revenue through the production, marketing, and sale of alcoholic beverages across various price points, ranging from popular to prestige segments. It leverages its extensive distribution network and the global brand equity of its parent company, Diageo, to maintain market leadership.
Growth Outlook
Growth is driven by the premiumisation of the Indian spirits market and the continued expansion of its international brand portfolio. The company focuses on enhancing its product mix to cater to evolving consumer preferences for higher-value offerings.
Key Risks
- Regulatory and Taxation Risk. The alcoholic beverage industry in India is subject to complex state-level regulations, excise duties, and frequent changes in taxation policies that can significantly impact profitability.
- Raw Material Price Volatility. Fluctuations in the costs of key inputs such as extra neutral alcohol (ENA), grains, and packaging materials can exert pressure on operating margins.
- Public Health and Social Policy. Changes in social attitudes towards alcohol consumption or the implementation of prohibition policies in specific Indian states pose a threat to market access and demand.
- Competitive Intensity. The company faces stiff competition from both domestic players and international entrants, necessitating continuous investment in brand building and marketing.
Price
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Key Metrics
REVENUE
₹28,291 Cr
TTM · consolidated
NET PROFIT
₹1,838 Cr
TTM · consolidated
EPS
₹26.28
TTM · consolidated
RETURN ON EQUITY
22.1%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
29.6%
TTM · consolidated
P/E
52.6x
Q4 FY26 · consolidated
EV/EBITDA
33.3x
Q4 FY26 · consolidated
EBITDA MARGIN
10.6%
TTM · consolidated
NET PROFIT MARGIN
7.9%
Q4 FY26 · consolidated
DEBT TO EQUITY
0.0x
Q4 FY26 · consolidated
Peers · Breweries & Distilleries
| Company | Mkt Cap (Cr) | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
United Spirits Ltd.UNITDSPR | 96,701 | 52.57 | 33.27 | 3.7% | 10.6% | 22.1% | 29.6% | +0.3% |
United Breweries Ltd.UBL | 41,962 | 86.35 | 42.76 | -10.0% | 4.9% | 9.4% | 14.1% | -32.9% |
Radico Khaitan LtdRADICO | 35,549 | 74.78 | 43.63 | 53.8% | 4.8% | 25.4% | 32.7% | +49.9% |
Allied Blenders & Distillers Ltd.ABDL | 11,161 | 77.73 | 32.77 | -6.2% | 7.5% | 14.0% | 27.7% | +27.8% |
Tilaknagar Industries Ltd.TI | 10,863 | 220.97 | 24.78 | 67.7% | 8.4% | 1.5% | 6.6% | +12.9% |
India Glycols LimitedINDIAGLYCO | 5,709 | 19.74 | 14.21 | 8.7% | 6.7% | 12.1% | 12.4% | -42.2% |
As of Q4 FY26
Financials
United Spirits Ltd.
NSE: UNITDSPR · Breweries & Distilleries
Snapshot
Unlock United Spirits Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
United Spirits Limited is a prominent Indian manufacturer and distributor of alcoholic beverages, offering a diverse portfolio of whisky, brandy, rum, vodka, and gin. The company manages a wide range of domestic brands alongside the distribution of Diageo's international premium spirits.
Business Model
The company generates revenue through the production, marketing, and sale of alcoholic beverages across various price points, ranging from popular to prestige segments. It leverages its extensive distribution network and the global brand equity of its parent company, Diageo, to maintain market leadership.
Growth Outlook
Growth is driven by the premiumisation of the Indian spirits market and the continued expansion of its international brand portfolio. The company focuses on enhancing its product mix to cater to evolving consumer preferences for higher-value offerings.
Key Risks
- Regulatory and Taxation Risk. The alcoholic beverage industry in India is subject to complex state-level regulations, excise duties, and frequent changes in taxation policies that can significantly impact profitability.
- Raw Material Price Volatility. Fluctuations in the costs of key inputs such as extra neutral alcohol (ENA), grains, and packaging materials can exert pressure on operating margins.
- Public Health and Social Policy. Changes in social attitudes towards alcohol consumption or the implementation of prohibition policies in specific Indian states pose a threat to market access and demand.
- Competitive Intensity. The company faces stiff competition from both domestic players and international entrants, necessitating continuous investment in brand building and marketing.
Price
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Start your research today
Unlock AI insights, financials, peers and live data on United Spirits Ltd. and 5,000+ companies — free.
Key Metrics
REVENUE
₹28,291 Cr
TTM · consolidated
NET PROFIT
₹1,838 Cr
TTM · consolidated
EPS
₹26.28
TTM · consolidated
RETURN ON EQUITY
22.1%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
29.6%
TTM · consolidated
P/E
52.6x
Q4 FY26 · consolidated
EV/EBITDA
33.3x
Q4 FY26 · consolidated
EBITDA MARGIN
10.6%
TTM · consolidated
NET PROFIT MARGIN
7.9%
Q4 FY26 · consolidated
DEBT TO EQUITY
0.0x
Q4 FY26 · consolidated
Peers · Breweries & Distilleries
As of Q4 FY26