United Spirits Ltd Q1 FY27 Share Price & Earnings Call Analysis

Management guidance · Q1 FY27 call

How United Spirits Ltd's management guidance ranks

Revenue: Rank 3Margin: Rank 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Financials of United Spirits Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of United Spirits Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +2,5032,6672,8693,0022,7832,7612,8443,4332,9463,0213,1733,6913,054
Expenses +2,2681,9552,4012,5162,4492,0492,3442,8682,4372,3832,5143,0772,461
Operating Profit235712468486334712500565509638659614593
OPM %9%27%16%16%12%26%18%16%17%21%21%17%19%
Other Income +0571528035547136585128226
Interest3642716292225202249211969
Depreciation69746663737269727076658076
Profit before tax130639446459312653460480553571624543674
Tax %21%25%24%24%23%26%26%30%24%27%26%23%20%
Net Profit +103477339350241485341335421417464418539
EPS in Rs1.416.564.664.813.316.674.694.615.795.736.385.757.41

Financials of United Spirits Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +9,2548,4958,8188,5919,3419,3258,1319,71210,61211,32112,06912,467
Expenses +9,6198,1627,8267,3817,9477,7547,0808,1179,1959,3219,83310,188
Operating Profit-3663339911,2091,3941,5711,0511,5951,4172,0002,2362,279
OPM %-4%4%11%14%15%17%13%16%13%18%19%18%
Other Income +-360648-2651727087-25-117249208271516
Interest687457375278237212188881047689158
Depreciation223157189192215285299304283275283289
Profit before tax-1,6353661639121,0121,1605401,0871,2791,8572,1352,348
Tax %3%61%43%28%32%47%33%25%12%24%26%22%
Net Profit +-1,687143936526846213628111,1261,4081,5821,838
EPS in Rs-23.231.901.388.729.649.075.2811.4015.6319.3621.7525.27
Dividend Payout %0%0%0%0%0%0%0%0%0%46%55%43%

Financials of United Spirits Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital145145145145145145145145145145145145
Reserves5141,4891,6402,2742,9453,5833,9744,8085,8546,9767,9598,808
Borrowings +4,9874,2424,1443,4212,8832,5701,037605183265480413
Other Liabilities +2,2422,4522,9673,0863,1352,5463,3543,3043,5343,7904,5925,103
Total Liabilities7,8898,3298,8968,9269,1098,8448,5118,8639,71611,17613,17614,469
Fixed Assets +1,9211,8871,9171,7911,8411,9561,8931,8551,5341,5601,7121,404
CWIP114282199102118121979683377277
Investments2167700252202222866459231,171
Other Assets +5,6376,0846,7807,0337,1246,7456,5216,6907,8138,93410,46911,817
Total Assets7,8898,3298,8968,9269,1098,8448,5118,8639,71611,17613,17614,469

Financials of United Spirits Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-1962836479259487831,8189776151,1181,9471,459
Cash from Investing Activity +3,855733-227104-66-194-99-313-55226-1,114-428
Cash from Financing Activity +-4,002-1,155-475-966-808-740-1,707-688-500-407-557-1,450
Net Cash Flow-343-139-566374-15012-2360937276-419
Free Cash Flow-259503898958725831,6798825051,0391,7861,531
CFO/OP15%142%85%111%128%87%183%90%62%73%94%79%

Financials of United Spirits Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days6999122115998998898499103106
Inventory Days123150226263235199254229193186197146
Days Payable5678144195171124176168154176191130
Cash Conversion Cycle136171205183163165177150122108109121
Working Capital Days-61-30-22-12-8-81739515248101
ROCE %-3%15%15%18%20%21%14%25%20%28%26%27%

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What United Spirits Ltd's management said in earlier quarters

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