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Earnings Call

United Spirits Earnings Call: Key Takeaways

United Spirits (Diageo India) reported 7.6% Total NSV growth and 8.6% P&A NSV growth for FY26, driven by premiumization and portfolio re-shaping under 'Three Indias' strategy.

Highlights
Revenue growth7.6% Total NSV; 11.3% P&A NSV growth (excl. AP & MH).
MarginsFocused on profitable growth; premium segments (Mid-Prestige+) grew ~17.1%.
Demand visibilityStrong; 100mn legal drinking age consumers joining in 5 years.
Management confidenceHigh; leveraging 'India moment' and macro tailwinds like 7% GDP growth.

Growth

Reported NSV grew 7.6% to ₹12,448 Cr; P&A NSV grew 8.6%. Excluding AP & MH, NSV grew 10.9%.

Risks

Policy headwinds in Maharashtra and West Asia geo-political situation noted as key risks/restraints.

Source

Earnings Call filed with NSE, NSE: UNITDSPR. Summary written with AI assistance from the document.

Read the document ↗

United Spirits Ltd: key numbers

Share price
₹1,423.80
Market cap
₹1,03,560 Cr
Revenue (annual)
₹12,467 Cr
Net profit (annual)
₹1,838 Cr
P/E (TTM)
55.0×Sector 29.0×
Promoter holding
56.67%+0.00% QoQ
FII holding
12.89%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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22:22 IST BSE
Acquisition

United Spirits Acquisition Worth ₹2.69 Cr

United Spirits completed its acquisition of a 10.08% stake in Nuvola Spirits Private Limited for an aggregate cash consideration of ₹2.69 Crore.

Value
₹2.69 Cr
16:30 IST BSE
Other Announcement

United Spirits Other Announcement

United Spirits Limited received an ESG score of 75 for 2026 from NSE Sustainability Ratings and Analytics Limited, compared to a score of 73 for 2025.