United Spirits Limited (UNITDSPR) AI Stock Analysis

• Market Cap: ₹947.48B
• Dividend Yield: 0.62%
• Average Volume (3M): 20.97K
• Price to Earnings (P/E): 61.1
• Beta (1Y): 0.84
• Revenue Growth: 8.02%
• EPS Growth: 6.96%
• Country: IN
• Employees: 2,598
• Sector: Consumer Defensive
• Sector Strength: 47
• Industry: Beverages - Wineries & Distilleries
• EPS (TTM): 3.55
• Shares Outstanding: 727,350,800
• 10 Day Avg. Volume: 19,185
• 30 Day Avg. Volume: 20,972
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹1,534.67
• Price Target Upside: 19.82% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 9

• Rating: 61 Neutral
• Price Target: ₹1,459.00 ▲(13.91% Upside)

United Spirits Limited demonstrates strong financial performance with robust revenue growth, improving profit margins, and impressive cash flow generation, contributing significantly to its overall score. However, the bearish technical indicators and high valuation metrics, such as the elevated P/E ratio, suggest caution. The lack of earnings call data and notable corporate events limits further insight into immediate company direction.

United Spirits Limited Business Overview & Revenue Model

Company Description

United Spirits Limited (UNITDSPR), a subsidiary of Diageo plc, is one of the largest alcoholic beverage companies in India. The company primarily operates in the spirits sector, producing and distributing a wide range of alcoholic beverages, including whisky, brandy, rum, vodka, and gin. With a rich heritage and a diverse portfolio, United Spirits Limited is known for popular brands such as McDowell's No.1, Royal Challenge, and Signature, catering to both the premium and mass market segments.

How the Company Makes Money

United Spirits Limited generates revenue through the production, marketing, and distribution of alcoholic beverages. The company's primary revenue stream is the sale of its wide range of spirits across various price points and categories. By leveraging its extensive distribution network, United Spirits ensures widespread availability and accessibility of its products in both urban and rural markets. Additionally, the company benefits from strategic partnerships and collaborations with its parent company, Diageo, which enhances its brand portfolio and market reach. Factors such as brand loyalty, marketing initiatives, and product innovation also play a significant role in driving sales and sustaining its competitive edge in the industry.

United Spirits Limited Financial Statement Overview

Summary

United Spirits Limited exhibits strong financial health across all verticals. The income statement highlights robust revenue growth and improving profit margins, supported by efficient cost management. The balance sheet reflects low leverage and strong equity, ensuring financial stability. Impressive cash flow generation underscores the company’s operational efficiency and financial flexibility.

Income Statement

United Spirits Limited has demonstrated strong revenue growth with a 6.6% increase from 2024 to 2025, driven by robust sales strategies. The Gross Profit Margin for 2025 stands at 47.0%, showing efficient cost management. The Net Profit Margin improved to 13.1%, reflecting solid bottom-line performance. EBIT and EBITDA margins are healthy at 32.6% and 18.6%, respectively, indicating strong operational efficiency. The consistent upward trend in revenue and profitability margins highlights the company’s solid market position.

Balance Sheet

The company maintains a strong balance sheet with a Debt-to-Equity Ratio of 0.06, indicating low financial leverage and prudent debt management. The Return on Equity (ROE) improved to 19.5% in 2025, reflecting efficient use of equity. The Equity Ratio stands at 61.2%, showcasing a solid equity base. However, the high reliance on equity could pose risks if growth opportunities require significant capital investments. Overall, the balance sheet reflects financial stability and low risk.

Cash Flow

United Spirits Limited has shown impressive Free Cash Flow growth of 75.0% from 2024 to 2025, driven by strong operating cash flows. The Operating Cash Flow to Net Income Ratio is 1.23, indicating healthy cash generation relative to profitability. The Free Cash Flow to Net Income Ratio of 1.13 further confirms efficient cash conversion. The company’s ability to generate significant cash flow supports its financial flexibility and ability to invest in growth opportunities.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	120.69B	120.69B	113.21B	105.54B	96.55B	80.98B
Gross Profit	54.40B	56.72B	51.63B	43.70B	42.34B	35.15B
EBITDA	23.37B	22.43B	22.09B	16.66B	14.78B	10.28B
Net Income	15.82B	15.82B	14.08B	11.37B	8.29B	3.84B
Balance Sheet
Total Assets	132.48B	132.48B	112.49B	97.61B	89.11B	85.37B
Cash, Cash Equivalents and Short-Term Investments	29.03B	29.03B	18.61B	11.34B	2.77B	778.00M
Total Debt	4.80B	4.80B	2.65B	1.83B	6.05B	10.37B
Total Liabilities	51.44B	51.44B	41.28B	37.62B	40.37B	44.78B
Stockholders Equity	81.04B	81.04B	71.21B	59.99B	49.54B	41.20B
Cash Flow
Free Cash Flow	0.00	17.85B	10.20B	4.78B	8.43B	16.44B
Operating Cash Flow	0.00	19.47B	11.18B	6.15B	9.77B	18.18B
Investing Cash Flow	0.00	-11.14B	2.26B	-550.00M	-3.13B	-992.00M
Financing Cash Flow	0.00	-5.57B	-4.07B	-5.00B	-6.88B	-17.07B

United Spirits Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1280.80
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:UNITDSPR, the sentiment is Negative. The current price of 1280.8 is below the 20-day moving average (MA) of 1313.48, below the 50-day MA of 1352.65, and below the 200-day MA of 1439.31, indicating a bearish trend. The MACD of -13.22 indicates Negative momentum. The RSI at 35.58 is Neutral, neither overbought nor oversold. The STOCH value of 18.47 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:UNITDSPR.

United Spirits Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RADICO	67 Neutral	₹388.78B	97.45		0.14%	21.38%	46.88%
Sector *	63 Neutral	$20.42B	14.38	-2.77%	3.17%	2.07%	-6.17%
UNITDSPR	61 Neutral	₹947.48B	61.09		0.62%	8.02%	6.96%
GLOBUSSPR	54 Neutral	₹36.00B	141.84		0.22%	4.34%	-65.65%

United Spirits Limited Corporate Events

United Spirits Limited Challenges Judgment in High Court

United Spirits Limited has announced an update on a pending litigation involving a claim against the Official Liquidator of United Breweries (Holdings) Limited. The company has filed an appeal with the High Court of Karnataka under the Arbitration and Conciliation Act, 1996, challenging a previous judgment. The claim amounts to INR 1,337 Crore plus interest, and the company does not anticipate any financial implications from this litigation.