United Spirits Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹3,054Cr
- +3.7% YoY
- −17.3% QoQ
- Net profit
- ₹539Cr
- +28% YoY
- +28.9% QoQ
- Margin
- 19%
- +2 pp YoY
- +2 pp QoQ
Guidance rank: #5 of 10 in Beverages
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The short version
United Spirits Limited is optimistic about strong double-digit growth for the Prestige & Above (P&A) portfolio entering FY27. United Spirits Limited expects strong double-digit growth for the Premium & Above (P&A) portfolio as they enter FY27, driven by favorable demographics, growing affluence, and increasing penetration.
From United Spirits Ltd's Q4 FY26 earnings-call transcript · updated 24 Sept 2026.
Revenue & Sales Performance
- United Spirits Limited is optimistic about strong double-digit growth for the Prestige & Above (P&A) portfolio entering FY27.
- Rest of India (excluding Andhra Pradesh and Maharashtra) delivered healthy growth: 11.3% in Prestige & Above and 10.9% overall, with a 500 bps acceleration over the prior year.
- The premiumization ladder is intact, with mid-Prestige and Above segments’ salience increasing from 56% to 60% in FY26.
- Growth drivers include favorable demographics, growing affluence, entry of new legal drinking age (LDA) consumers, and enabling treaties such as the India-UK FTA.
- On-premise investments and sharper innovation, including McDowell’s relaunch and new category creation (e.g., tequila), will support growth.
2 more points from United Spirits Ltd's call on revenue
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Profitability & Margins
United Spirits Limited expects strong double-digit growth for the Premium & Above (P&A) portfolio as they…
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Capital Expenditure Plans
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
The discussion around the proceeds from the RCB stake sale indicates focus is currently on closing the…
Locked: what United Spirits Ltd said on fundraising
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Order Book & Pipeline
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United Spirits Ltd — Quarterly revenue & net profit
United Spirits Ltd Q4 FY26 results — key figures
| ₹ Cr | Q4 FY26 | Q4 FY25 | YoY | Q3 FY26 | QoQ |
|---|---|---|---|---|---|
| Revenue | 3,054 | 2,946 | +3.7% | 3,691 | -17.3% |
| Operating profit (EBITDA) | 593 | 509 | +16.5% | 614 | -3.4% |
| Operating margin | 19% | 17% | +2 pp | 17% | +2 pp |
| Profit before tax | 674 | 553 | +21.9% | 543 | +24.1% |
| Net profit (PAT) | 539 | 421 | +28% | 418 | +28.9% |
| EPS (₹) | 7.41 | 5.79 | +28% | 5.75 | +28.9% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹3.3K Cr, net profit ₹428 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What United Spirits's management said in earlier quarters
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Potential multibaggers · Q2 FY27
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on management's own guidance
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were United Spirits Ltd Q4 FY26 results?
United Spirits Limited is optimistic about strong double-digit growth for the Prestige & Above (P&A) portfolio entering FY27. United Spirits Limited expects strong double-digit growth for the Premium & Above (P&A) portfolio as they enter FY27, driven by favorable demographics, growing affluence, and increasing penetration.
What is United Spirits Ltd share price analysis?
United Spirits Ltd currently shows a neutral. The stock trades at a P/E of 53.8 with a market cap of ₹99,720 Cr. Investors should review the full earnings analysis for detailed insights.
Is United Spirits Ltd planning capital expenditure?
The company is focused on continuing its multiyear supply agility program, which is about 3 to 3.5 years into execution with significant progress (Page 12).
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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.