United Spirits Ltd
United Spirits Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Guidance for growth remains in the mid- to high-teens percentage range, with a preference to sustain at the high-teens level (Page 15). Guidance remains at mid- to high-teens growth in EBITDA margins, with a preference to sustain at the high-teens level over the medium term.
From United Spirits Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- Guidance for growth remains in the mid- to high-teens percentage range, with a preference to sustain at the high-teens level (Page 15).
- Medium-term volume growth is expected to be healthy, supported by structural tailwinds in the industry (Page 14).
- Growth drivers include innovation in liquids, formats, and geographies, along with ramping up on-premise presence (Page 14).
- Strong double-digit growth has been observed in key brands like Signature and Antiquity, indicating significant growth potential in the Upper Prestige segment (Page 15).
- Andhra Pradesh market is expected to maintain or exceed national growth rates in its second year (Page 8).
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Profitability & Margins
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Capital Expenditure Plans
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Top-ranked in Beverages
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
United Spirits Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹3.1K Cr, net profit ₹539 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What United Spirits Ltd's management said in earlier quarters
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Frequently Asked Questions
What were United Spirits Ltd Q2 FY26 results?
Guidance for growth remains in the mid- to high-teens percentage range, with a preference to sustain at the high-teens level (Page 15). Guidance remains at mid- to high-teens growth in EBITDA margins, with a preference to sustain at the high-teens level over the medium term.
What is United Spirits Ltd share price analysis?
United Spirits Ltd currently shows a neutral. The stock trades at a P/E of 54.1 with a market cap of ₹100,338 Cr. Investors should review the full earnings analysis for detailed insights.
Is United Spirits Ltd planning capital expenditure?
The provided pages from the United Spirits Limited document do not explicitly mention any current or future capex, capital investments, or strategic investments in detail.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.