Friday, 30 October 2026 Every NSE & BSE announcement, by company
ALFA Filings Every announcement, straight from the exchange
Earnings Call Transcript

United Spirits Earnings Call Transcript: Key Takeaways

United Spirits delivered resilient 6.3% P&A revenue growth despite significant regulatory headwinds from FSSAI and policy changes. Management remains aggressively optimistic, front-loading marketing spend ahead of the festive season.

Guidance and delivery
Management target Revenue 10.0% FY27
Highlights
Revenue growthP&A net sales grew 6.3% YoY in Q2.
MarginsEBITDA margin at 19.7%; healthy despite 400bps A&P investment increase.
Demand visibilityRural fatigue noted due to inflation; urban/premium segments remain robust.
Management confidenceResilient and optimistic; front-loading A&P spend for festive demand.

Growth

P&A segment grew 6.3%; premiumization continues with strong primary Scotch and Smirnoff momentum.

Outlook

Reiterated double-digit P&A revenue growth aspirations for FY27.

Risks

Inflationary pressures on Extra Neutral Alcohol (ENA) due to poor monsoons; ongoing DRI investigations.

Source

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

Read the document ↗

United Spirits Ltd: key numbers

Share price
₹1,333.70
Market cap
₹97,007 Cr
Revenue (annual)
₹12,467 Cr
Net profit (annual)
₹1,838 Cr
P/E (TTM)
52.5×Sector 27.1×
Promoter holding
56.67%+0.00% QoQ
FII holding
12.85%Current quarter

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

More from United Spirits Ltd

All →