Loading current stock analysis…
Loading current stock analysis…
India
Reported ownership for FY2027-Q2 as of 2026-09-30.
As of 06 Nov 2026, 03:30 pm
As of 6 November 2026, United Spirits has a market capitalization of approximately ₹1,01,429 crore. The stock closed at ₹1,418.00, up +1.7% from the previous close. Year-to-date returns stand at +1.0%, while the one-year return is +0.1%. The stock is currently trading near its nearest resistance level of ₹1,419.83.
In the September quarter ended 30 September 2026, United Spirits reported buoyant performance in the prestige segment but a sharp decline in lower-priced spirit sales. This divergence reflects a broader industry trend where premium spirits and beer drive growth, while budget segments face pressure.
The Directorate of Revenue Intelligence issued seizure memos under Section 110 of the Customs Act, 1962, covering goods valued at approximately ₹6.45 crore. The seizures relate to customs tariff classification and preferential tariff treatment under the India–UK Free Trade Agreement. The company reports no material business impact or disruption as of 5 November 2026.
On the daily timeframe, the Supertrend direction is bullish with an ADX of 25.07, indicating moderate trend strength. However, the weekly Supertrend remains bearish. The stock has experienced a maximum drawdown of -27.8% historically, with a current drawdown of -16.0% as of 6 November 2026.
As of 06 Nov 2026, 03:30 pm
Showing 3 of 6 candles
Recent drawdown or price variability is high enough to warrant closer monitoring.
Primary driver: Price remains materially below a previous peak
Trading activity was substantially higher than usual and the price closed higher.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Upward price movement of 2.74 standard deviations recorded on 2026-10-29.
Unusual market activity that may warrant review of the underlying price, volume, or news context.
The session opened materially above the previous close, indicating a sharp repricing at the open.
The move may reflect new information; subsequent price follow-through is worth monitoring.
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
Latest complete financial results for Q2 FY27 and comparative quarterly trends.
| Metric | Q2 FY26 | Q1 FY27 | Q2 FY27(Latest) |
|---|---|---|---|
| Revenue From Operations | PEAK₹7,199 crore | ₹6,122 crore | ₹7,014 crore |
| Expenses | PEAK₹6,625 crore | ₹5,795 crore | ₹6,471 crore |
| Finance Costs | ₹21 crore | PEAK₹30 crore | ₹24 crore |
| Profit Before Exceptional Items And Tax | PEAK₹655 crore | ₹400 crore | ₹608 crore |
| Profit Before Tax | PEAK₹625 crore | ₹319 crore | ₹619 crore |
| Profit Loss For Period From Continuing Operations | PEAK₹465 crore | ₹237 crore | ₹461 crore |
| Profit Loss From Discontinued Operations After Tax | ₹0 | PEAK₹226 crore | -₹32 crore |
| Basic Earnings Loss Per Share From Continuing Operations | PEAK₹6.53 per share | ₹3.34 per share | ₹6.48 per share |
| Basic Earnings Loss Per Share From Continuing And Discontinued Operations | PEAK₹6.53 per share | ₹6.52 per share | ₹6.03 per share |
United Spirits reported consolidated revenue from operations of ₹7,014 crore for the quarter ended 30 September 2026, up 14.6% from Q1 FY2026-27 but down 2.6% year on year. Profit before exceptional items and tax rose 52% sequentially to ₹608 crore, while profit for the period fell to ₹428 crore from ₹462.5 crore in Q1, as discontinued operations swung to a loss.
At 30 September 2026, cash and cash equivalents stood at ₹1,178 crore and bank balances other than cash and cash equivalents at ₹1,662 crore, compared with ₹859 crore and ₹1,118 crore, respectively, at 31 March 2026. Inventories were ₹2,688 crore, slightly above ₹2,668 crore at 31 March, while current trade receivables increased to ₹3,752 crore from ₹3,609 crore. Current investments declined to ₹908 crore from ₹1,157 crore over the same period.
Q2 brought a strong sequential recovery in pre-exceptional profit before tax alongside higher revenue, but both revenue and pre-exceptional profit remained below year-earlier levels. The reversal in discontinued operations more than offset stronger continuing-operations earnings, leaving total profit and EPS lower than in Q1.
Exchange disclosures and regulatory announcements for United Spirits.
United Spirits Limited made available the transcript of its earnings call held on 29 October 2026 for the quarter and half year ended 30 September 2026. The company filed the notice on 5 November 2026 under Regulation 30(6) read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; no earnings details are included in the supplied filing text.
United Spirits Limited has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL
The Directorate of Revenue Intelligence (DRI) issued seizure memos under Section 110 of the Customs Act, 1962, covering goods valued at approximately INR 6.45 crore. The memos were issued on 30 October 2026 at 21:50 hrs IST and 4 November 2026 at 17:20 hrs IST. United Spirits said the matter concerns an industry-wide customs tariff classification issue and preferential tariff treatment under the India–United Kingdom Free Trade Agreement; it reported no material business impact or disruption as of the filing and said it is seeking provisional release of the goods.
The Directorate of Revenue Intelligence (DRI) issued seizure memos under Section 110 of the Customs Act, 1962, covering goods valued at approximately INR 6.45 crore and relating to United Spirits Limited. The company said the matter concerns industry-wide customs tariff classification of certain imported goods and preferential tariff treatment under the India–United Kingdom Free Trade Agreement. It is engaging with authorities and taking steps to seek provisional release of the goods; it reported no material impact or disruption to business as of the filing. The memos were issued on 30 October 2026 at 21:50 IST and 4 November 2026 at 17:20 IST; the company reported the matter on 5 November 2026.
United Spirits Limited has notified the BSE and NSE of its representatives' participation in four scheduled investor conferences in November 2026, including meetings with Ashika Institutional Equities, CITIC CLSA, JM Financial, and Avendus. The company confirmed that no unpublished price-sensitive information will be shared during these engagements.
United Spirits Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
The Commissioner of State Tax, Maharashtra State initiated a search of United Spirits Limited under Section 67 of the Maharashtra Goods and Services Tax Act, 2017 and Section 64 of the Maharashtra VAT Act, 2002. The search began on 19 October 2026 at 11:50 hrs IST and concluded on 29 October 2026 at 23:30 hrs IST. The company said it cooperated and furnished documents, clarifications and information requested by the search team, and reported no impact on its financial, operational or other activities as of the disclosure date.
United Spirits Limited (UNITDSPR) disclosed to the NSE that the Commissioner of State Tax, Maharashtra State, initiated a search or seizure against the company pursuant to Section 67 of the Maharashtra Goods and Services Tax Act, 2017, and Section 64 of the Maharashtra VAT Act, 2002. The search operation commenced on October 19, 2026, at 11:50 hrs IST and concluded on October 29, 2026, at 23:30 hrs IST. The company stated it has provided full cooperation and furnished all requested documents, clarifications, and information. As of the report date, the company asserts there is no impact on its financial, operational, or other activities, and no penalties or sanctions have been imposed.
Recent market and company developments associated with United Spirits.
India's liquor market is experiencing a divergence where premium spirits and beer are driving growth for companies like Radico Khaitan and United Breweries, while budget segments face pressure. This trend was evident in the September quarter earnings, with United Spirits reporting a sharp decline in lower-priced spirit sales despite buoyant prestige segment performance.
Nomura has retained a 'Buy' rating on United Spirits and raised its target price to Rs 1,700, citing expected recovery in P&A growth in the second half of the year.
United Spirits reported a 22.7% decline in net sales value for its mass-market liquor segment to ₹181 crore in the September quarter, attributed to inflation impacting lower-income consumers and regulatory pressures in Maharashtra and Karnataka. The company also faced cost inflation of about ₹50 crore from the West Asia conflict and rising extra neutral alcohol prices due to El Nino-related monsoon issues.
Maharashtra state tax officials conducted a search on United Spirits, the Indian subsidiary of Diageo, investigating allegations that the company misclassified bulk Scotch imports to benefit from lower tariffs under the India-UK trade pact. The investigation also reportedly involves liquor giant Pernod Ricard regarding similar import classification issues.
Maharashtra state tax authorities conducted a search at United Spirits, the Indian subsidiary of Diageo, investigating the misclassification of bulk Scotch imports to determine if lower tariffs under the India-UK trade pact were improperly claimed. The company reported that the search had no impact on its financial or operational activities, while separate industry-wide probes by the Directorate of Revenue Intelligence also target Diageo and Pernod Ricard for similar tariff concerns.
United Spirits shares rise 4% as gross margins above estimates in Q2; Jefferies sees up to 27% upside Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio Platforms Share Price Kiren Rijiju MLC Election Results Moon Rise Time Today Silver Price Nagpur MLC Election Result Amazon Layoffs US Fed Rates Varanasi MLC Polls News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price
Diageo-controlled liquor maker United Spirits Ltd on Wednesday reported a decline of 7.75 per cent in its consolidated net profit to Rs 428 crore for the September quarter of FY27, on a year-on-year basis.
Following the results, global investment firm Jefferies maintained its Buy rating with a target price of ₹1,560, implying around 27% upside from Wednesday’s close of ₹1,229, while CLSA retained its Hold rating with a target of ₹1,303, indicating around 6% upside.
Comprehensive Section Breakdown for United Spirits
Strategic Vision: Manufactures, markets, and distributes alcoholic beverages in India.
• Extensive portfolio of well-known brands
• Broad distribution network across India
• Alignment with Diageo's global strategy and brand portfolio
Revenue from operations increased by ₹892 crore from Q1 FY2026-27. Total expenses rose 11.7% to ₹6,471 crore, slower than revenue, and profit before exceptional items and tax increased to ₹608 crore from ₹400 crore. Cost of materials consumed was ₹1,732 crore, purchases of stock in trade were ₹290 crore, employee benefit expense was ₹153 crore, and changes in inventories reduced expenses by ₹326 crore.
Year on year, revenue from operations declined 2.6% from ₹7,199 crore, while expenses fell 2.3% from ₹6,625 crore. Profit before exceptional items and tax decreased 7.2% from ₹655 crore.
Profit before tax rose to ₹619 crore in Q2 FY2026-27 from ₹319 crore in Q1. Q2 included an exceptional gain of ₹11 crore, compared with an exceptional charge of ₹81 crore in Q1. Finance costs declined 20% sequentially to ₹24 crore.
Tax expense was ₹158 crore, against ₹82 crore in Q1, leaving profit from continuing operations of ₹461 crore, up from ₹237 crore. Discontinued operations recorded a post-tax loss of ₹32 crore, compared with a profit of ₹226 crore in Q1. Total profit for the period consequently fell to ₹428 crore from ₹462.5 crore. Basic earnings per share were ₹6.03, versus ₹6.52 in Q1; earnings per share from continuing operations rose to ₹6.48 from ₹3.34, while discontinued operations contributed a loss of ₹0.45 per share.
Category: Consumer Tech
The company manufactures, markets, and distributes a diverse portfolio of alcoholic beverages, including whiskies, vodkas, brandies, and rums, catering to popular, premium, and luxury consumer segments.
Key Products & Services: McDowell’s No.1 • Royal Challenge • Johnnie Walker • Black & White
Core Thesis: The company leverages its extensive portfolio and distribution network to cater to diverse consumer preferences across various price points in the Indian market, aligning with Diageo's premiumisation strategy.
• Production and Procurement: The core business model involves the production or procurement of spirits for bottling and distribution. • Brand Portfolio Management: Offers a wide range of spirits including whiskies, vodkas, brandies, and rums, featuring both in-house brands and Diageo's global brands. • Multi-channel Distribution: Distributes products across India through state-owned corporations, licensed wholesalers, and direct retailers. • Market Segmentation: Caters to diverse consumer preferences across popular, premium, and luxury segments within the Indian market.