How has United Spirits Ltd (UNITDSPR) been performing? We dig into revenue, profitability, valuation, and ownership trends.
United Spirits Revenue Trend
United Spirits Ltd reported revenue of ₹27,816 Cr in FY2026, a 2.0% increase from ₹27,276 Cr in FY2025.
A 11.5% CAGR over 10 years puts United Spirits Ltd in solid growth territory. The top line went from ₹9,379 Cr to ₹27,816 Cr in that span.
United Spirits Ltd is a major brew/distilleries company by revenue, with a top line of ₹27,816 Cr.
| Year | Revenue | YoY % |
|---|---|---|
| FY2026 | ₹27,816 Cr | +2.0% |
| FY2025 | ₹27,276 Cr | +4.8% |
| FY2024 | ₹26,018 Cr | -6.5% |
| FY2023 | ₹27,815 Cr | -10.5% |
| FY2022 | ₹31,062 Cr | — |
View United Spirits Ltd's full 10-year revenue trend with CAGR analysis →
United Spirits Profitability
Profitability strengthened with net income of ₹1,838 Cr in FY2026, 16.2% higher than FY2025.
A stronger net margin of 6.6% in FY2026 (from 5.8%) points to better profitability per rupee of revenue.
At ₹25.89 per share (diluted), FY2026 earnings were up year-over-year from ₹22.28.
Is United Spirits Undervalued
United Spirits Ltd shares are currently trading at ₹1,515.90.
Craytheon calculates intrinsic value using the P/E Ratio, DCF, and EPS Growth models. All three appear in the Valuation Models cards below.
Valuation Models
United Spirits Shareholding Pattern
No change in promoter stake — it has held at 56.7% for the past 4 quarters.
Foreign institutional investors (FIIs) held 12.9% as of June 2026, down from 14.4% a year ago.
As of June 2026, DIIs own 17.1% of the company — up from 14.9% a year earlier.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Jun 2026 | 56.7% | 12.9% | 17.1% | 13.3% |
| Mar 2026 | 56.7% | 14.4% | 15.4% | 13.5% |
| Dec 2025 | 56.7% | 14.1% | 15.4% | 13.8% |
| Sep 2025 | 56.7% | 14.4% | 14.9% | 14.0% |
Track quarterly shareholding changes for United Spirits Ltd →
United Spirits Balance Sheet
Proportional view as of 31 Jul 2026. Hover blocks for details.
Assets
Liabilities & Equity
Total assets stood at ₹144.69B at the end of FY2026, up 9.2% from ₹132.48B a year earlier.
Other Assets is the largest block at 35.4%, followed by Receivables at 24.9% and Inventories at 18.4%.
Equity makes up 61.9% of liabilities and equity, with debt at 2.9% and operating liabilities at 35.2%. Over the year, debt is down 14.0% and equity is up 10.5%.
Balance sheet composition — FY 2026
| Category | Value |
|---|---|
| Cash & ST Investments | 20.16B |
| Receivables | 36.09B |
| Inventories | 26.68B |
| Property, Plant & Equipment | 9.09B |
| Investments | 140.00M |
| Intangibles & Goodwill | 1.31B |
| Other Assets | 51.22B |
| Category | Value |
|---|---|
| Equity | 89.57B |
| Short-term Debt | 1.05B |
| Long-term Debt | 3.08B |
| Trade Payables | 23.83B |
| Other Liabilities | 27.16B |
United Spirits — The Bottom Line
In summary, United Spirits Ltd (UNITDSPR) presents the following picture for fundamental analysts.
Revenue of ₹27,816 Cr in FY2026, up 2.0% year-over-year.
Long-term revenue has been compounding at 11.5% annually over 10 years.
The company is profitable, with a net margin of 6.6% and net income of ₹1,838 Cr.
Unlock Full Analysis
See the full picture — Craytheon tracks 10 years of financial data with interactive charts, growth trends, and three valuation models for United Spirits Ltd.