Share price at the NSE close on 23 Oct 2026. Previous close ₹1,284.50.
- Next results date: the board meets on 28 Oct 2026 to consider: financial results.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹91,064 Cr113th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 22 Jul 2026
- 48.3
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 14 May 2026
- 10.2
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.36%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 22 Jul 2026
- 22.1%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 22 Jul 2026
- 22.2%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 14 May 2026
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 8,31,79859.6% delivered
Results
Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results
Quarter to Jun 2026Filed 22 Jul
- Revenue
- ₹6,122 Cr
- Net profit
- ₹463 Cr
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2026, the company's revenue for that year, ₹27,816 Cr, differs from its quarters added, ₹28,291 Cr.
| ₹ crore | Sep 2024Filed 24 Oct | Dec 2024Filed 23 Jan | Mar 2025Filed 12 Jun | Jun 2025Filed 13 Aug | Sep 2025Filed 30 Oct | Dec 2025Filed 20 Jan | Mar 2026Filed 14 May | Jun 2026Filed 22 Jul |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6,672what Revenue, Sep 2024, includes. This period's revenue includes excise duty of ₹3,828 crore, a tax on the goods the company makes that it collects and pays to the government. | 7,732what Revenue, Dec 2024, includes. This period's revenue includes excise duty of ₹4,299 crore, a tax on the goods the company makes that it collects and pays to the government. | 6,634what Revenue, Mar 2025, includes. This period's revenue includes excise duty of ₹3,603 crore, a tax on the goods the company makes that it collects and pays to the government. | 6,295what Revenue, Jun 2025, includes. This period's revenue includes excise duty of ₹3,274 crore, a tax on the goods the company makes that it collects and pays to the government. | 7,199what Revenue, Sep 2025, includes. This period's revenue includes excise duty of ₹4,026 crore, a tax on the goods the company makes that it collects and pays to the government. | 7,942what Revenue, Dec 2025, includes. This period's revenue includes excise duty of ₹4,248 crore, a tax on the goods the company makes that it collects and pays to the government. | 6,855what Revenue, Mar 2026, includes. This period's revenue includes excise duty of ₹3,801 crore, a tax on the goods the company makes that it collects and pays to the government. | 6,122what Revenue, Jun 2026, includes. This period's revenue includes excise duty of ₹3,414 crore, a tax on the goods the company makes that it collects and pays to the government. |
| Net profit | 341 | 335 | 421 | 417 | 464 | 418 | 539 | 463 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 5.1% | 4.3% | 6.3% | 6.6% | 6.4% | 5.3% | 7.9% | – |
The quarters either side of a change of basis do not compare. From the quarter to Mar 2026, the company's revenue for the year to Mar 2026, ₹27,816 Cr, differs from its quarters added, ₹28,291 Cr. From the quarter to Jun 2026, the company reports a discontinued business.
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Beverage alcoholBeverage alcohol, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹12,467 Crup 7.72%95.8%
- SportsSports, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹545 Crup 8.13%4.2%
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2026: days before it are of the company before the change.PE ratio and valuation history
At or below today's level on 5% of 2,480 trading days over the last 10 years.
At or below today's level on 6% of 1,975 trading days since Nov 2018.
At or below today's level on 37% of 1,975 trading days since Nov 2018.
At or below today's level on 99% of 2,480 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −11.6% | +16.2% | −25.1% | 1.4% |
| 3 years | +18.3% | +17.5% | −0.2% | 1.0% |
| 5 years | +17.6% | +36.9% | −14.5% | 0.6% |
Mutual funds holding it
265 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 66 of the 112 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 3 more funds filed their first portfolio on record, holding it.Mutual fund holdings
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 36
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 2
- AddedAdded. Funds that held more shares than at the end of the month before.
- 69
- CutCut. Funds that held fewer shares than at the end of the month before.
- 43
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 112
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end.
- 54
| Fund | |||
|---|---|---|---|
 HDFC Mid Cap FundHDFC Mutual Fund | 1,43,23,616 | 1.90% | ₹1,939.4 Cr |
| HDFC Flexi Cap FundHDFC Mutual Fund | 57,35,000 | 0.72% | ₹776.5 Cr |
 ICICI Prudential Large Cap FundICICI Prudential Mutual Fund | 54,96,159 | 0.97% | ₹744.2 Cr |
| HDFC Large Cap FundHDFC Mutual Fund | 47,75,527 | 1.73% | ₹646.6 Cr |
 Aditya Birla Sun Life Large Cap FundAditya Birla Sun Life Mutual Fund | 38,88,479 | 1.88% | ₹526.5 Cr |
| Aditya Birla Sun Life Flexi Cap FundAditya Birla Sun Life Mutual Fund | 37,36,609 | 1.81% | ₹505.9 Cr |
 SBI Contra FundSBI Mutual Fund | 29,37,085 | 0.88% | ₹397.7 Cr |
 Kotak Multi Cap FundKotak Mahindra Mutual Fund | 27,87,530 | 1.24% | ₹377.4 Cr |
 Nippon India Small Cap FundNippon India Mutual Fund | 26,17,659 | 0.44% | ₹354.4 Cr |
| Nippon India Large Cap FundNippon India Mutual Fund | 24,55,258 | 0.65% | ₹332.4 Cr |
Peers and competitors
Breweries & Distilleries, 29 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to United Spirits in market cap.
Where the company sits among the companies nearest its size
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 Radico KhaitanRADICO | 55,703 | 79.2 | 16.8 | 49.2 | +18.6% | +76.4% | 23.2% | 26.9% | 0.22% |
 United BreweriesUBL | 30,211 | 76.4 | 6.7 | 39.6 | −5.1% | −12.5% | 8.9% | 8.5% | 0.88% |
 Allied Blenders and DistillersABDL | 18,815 | 85.1 | 11.3 | 36.3 | −5.9% | −8.0% | 13.8% | 16.2% | 0.80% |
 Tilaknagar IndustriesTI | 12,176 | – | 4.1 | 28.6 | +98.9% | −113.0% | −1.9% | 7.1% | 0.20% |
 Piccadily Agro IndustriesPICCADIL | 5,329 | 37.9 | 5.9 | 23.9 | +29.7% | +30.5% | 17.8% | 14.7% | 0.19% |
 Globus SpiritsGLOBUSSPR | 2,243 | 22.3 | – | – | +6.4% | +298.5% | 9.6% | 11.3% | 0.92% |
 India GlycolsINDIAGLYCO | 1,927 | – | – | – | +11.4% | +29.8% | – | – | 0.53% |
 GM BreweriesGMBREW | 1,807 | 10.4 | 1.6 | 9.0 | +23.3% | +20.9% | 16.3% | 17.2% | 1.14% |
Dividends
Per share, by the year it was paid for, and the latest payments.Dividend history and dates
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up.| Ex-date | Type | Per share |
|---|---|---|
| 8 Jul 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹11.00 |
| 27 Jan 2026 | Interim | ₹6.00 |
| 1 Aug 2025 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹8.00 |
| 3 Apr 2025 | Interim | ₹4.00 |
| 12 Jul 2024 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. | ₹5.00 |
| 17 Nov 2023 | Interim | ₹4.00 |
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
12 Oct · Analysts
9 Oct · Management
Sep 2026
29 Sep · Management
29 Sep · Management
United Spirits share price by year
Each calendar year to 2025.United Spirits share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 1,443.70 | −11.2% | 1,688.55 | 1,281.50 |
| 2024 | 1,625.45 | +45.4% | 1,644.60 | 1,062.90 |
| 2023 | 1,117.75 | +27.4% | 1,117.75 | 735.65 |
| 2022 | 877.55 | −2.3% | 946.55 | 732.25 |
| 2021 | 898.25 | +55.3% | 1,004.50 | 515.65 |
| 2020 | 578.25 | −3.6% | 730.10 | 448.10 |
| 2019 | 599.55 | −5.7% | 670.95 | 507.75 |
| 2018 | 635.80 | −13.4% | 790.65 | 462.20 |
| 2017 | 733.77 | +88.8% | 733.77 | 370.20 |
| 2016 | 388.56 | −35.1% | 602.10 | 357.66 |
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | 1,272.00 | 1,283.80 | 1,240.00 | 1,252.00 | 1,253.08 | 8,31,798 | 59.6% |
| 22 Oct 2026 | 1,295.00 | 1,297.70 | 1,276.00 | 1,284.50 | 1,283.11 | 4,39,711 | 56.7% |
| 21 Oct 2026 | 1,357.70 | 1,357.70 | 1,282.20 | 1,296.30 | 1,308.82 | 9,14,712 | 58.4% |
| 19 Oct 2026 | 1,372.00 | 1,384.30 | 1,360.00 | 1,364.00 | 1,370.60 | 3,17,558 | 52.5% |
| 16 Oct 2026 | 1,395.90 | 1,397.40 | 1,377.80 | 1,380.00 | 1,386.26 | 4,31,415 | 60.3% |
| 15 Oct 2026 | 1,382.50 | 1,404.50 | 1,381.50 | 1,381.50 | 1,394.59 | 5,33,754 | 51.6% |
| 14 Oct 2026 | 1,362.00 | 1,400.90 | 1,358.00 | 1,381.60 | 1,390.80 | 11,67,862 | 69.3% |
| 13 Oct 2026 | 1,354.00 | 1,372.20 | 1,343.90 | 1,371.10 | 1,358.97 | 7,59,132 | 63.7% |
| 12 Oct 2026 | 1,358.30 | 1,375.40 | 1,343.10 | 1,349.70 | 1,355.99 | 4,73,799 | 53.3% |
| 9 Oct 2026 | 1,319.90 | 1,366.00 | 1,318.30 | 1,366.00 | 1,356.86 | 9,88,261 | 64.0% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 15 Jun 2018 | Split | 0.2000 | Each share became 5. |
| 12 Nov 2012 | Price move | – | Between two trading sessions the price moved by a fifth or more. The company's board met on results that day or since the trading day before. Not adjusted for. |
| 22 Jan 2009 | Price move | – | Between two trading sessions the price moved by a fifth or more. The company's board met on results that day or since the trading day before. Not adjusted for. |
| 10 Oct 2008 | Price move | – | Between two trading sessions the price moved by a fifth or more. The Nifty 500 moved 5% or more the same way over the same sessions. Not adjusted for. |
About United Spirits
United Spirits Limited, also called Diageo India, manufactures, sells and distributes beverage alcohol in India, with a portfolio of premium brands. It is headquartered in Bengaluru and has more than 2,200 employees.
The company groups its consumers into three segments. For lower and mid-middle India, it offers mass premium brands led by McDowell's and Royal Challenge. For upper-middle India, it offers premium Indian-made foreign liquor brands including Signature, American Pride and Antiquity, along with entry-premium offerings such as Black & White, Black Dog and Smirnoff. For affluent India, it offers a global portfolio including Johnnie Walker, Singleton, Talisker, Lagavulin, Godawan, Tanqueray and Don Julio.
Its products are made at its own and third-party manufacturing facilities, and its bottling plants are co-located with extra neutral alcohol distillation units. Its products are sold across 28 states and six union territories in India and in 24 countries globally.
United Spirits is a subsidiary of Diageo plc. It completed the acquisition of NAO Spirits during the year to March 2026, bringing the brands Greater Than, Hapusa and PIPA into its portfolio, and it has increased its stake in Sober (V9 Beverages). It has also divested non-core brands. In March 2026, it announced the sale of its 100% stake in Royal Challengers Sports Private Limited, which owns and operates the Royal Challengers Bengaluru IPL and WPL franchises.
- Legal name
- United Spirits Limited
- NSE symbol
- UNITDSPR
- BSE code
- 532432
- ISIN
- INE854D01024
- Industry
- Beverages
- Listed
- Sep 2001
- Face value
- ₹2
- Former symbols
- MCDOWELL-N
- CIN
- L01551KA1999PLC024991
- Corporate identity number, the registrar of companies' code for it