United Spirits Limited (BOM:532432)

United Spirits Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue	125,800	124,670	115,730	113,210	106,120	97,124
Revenue Growth	-0.62%	7.72%	2.23%	6.68%	9.26%	19.45%
Cost of Revenue	65,900	66,740	63,970	61,140	61,350	53,701
Gross Profit	59,900	57,930	51,760	52,070	44,770	43,423
Selling, General & Admin	21,190	19,300	17,300	18,040	17,630	15,996
Other Operating Expenses	16,000	15,770	13,850	13,980	12,960	11,475
Operating Expenses	40,230	37,960	33,890	34,770	33,420	30,380
Operating Income	19,670	19,970	17,870	17,300	11,350	13,043
Interest Expense	-1,420	-1,580	-890	-760	-1,040	-880
Interest & Investment Income	3,210	3,210	1,070	1,300	320	61
Earnings From Equity Investments	-10	-70	-70	-10	-10	-
Currency Exchange Gain (Loss)	-	-	-	-	-	4
Other Non Operating Income (Expenses)	270	270	350	140	10	27
EBT Excluding Unusual Items	21,720	21,800	18,330	17,970	10,630	12,255
Merger & Restructuring Charges	-510	-510	-650	-480	-1,960	-
Gain (Loss) on Sale of Investments	1,080	1,080	830	650	200	6
Gain (Loss) on Sale of Assets	220	220	990	120	200	123
Asset Writedown	-190	-190	-	-	-	-340
Other Unusual Items	-500	-210	-	310	3,720	-1,178
Pretax Income	21,820	22,190	19,500	18,570	12,790	10,866
Income Tax Expense	5,000	5,100	5,050	4,490	1,530	2,760
Earnings From Continuing Operations	16,820	17,090	14,450	14,080	11,260	8,106
Earnings From Discontinued Operations	1,660	1,290	1,370	-	-	-
Net Income to Company	18,480	18,380	15,820	14,080	11,260	8,106
Minority Interest in Earnings	-	-	-	-	110	180
Net Income	18,480	18,380	15,820	14,080	11,370	8,286
Net Income to Common	18,480	18,380	15,820	14,080	11,370	8,286
Net Income Growth	12.89%	16.18%	12.36%	23.84%	37.22%	116.01%
Shares Outstanding (Basic)	710	710	710	710	710	709
Shares Outstanding (Diluted)	710	710	710	710	710	709
Shares Change	0.02%	-	-	0.06%	0.04%	-
EPS (Basic)	26.03	25.89	22.28	19.83	16.02	11.68
EPS (Diluted)	26.03	25.89	22.28	19.83	16.02	11.68
EPS Growth	12.87%	16.18%	12.36%	23.76%	37.16%	116.01%

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Free Cash Flow	16,440	12,780	17,850	10,200	4,780	8,434
Free Cash Flow Per Share	23.15	18.00	25.14	14.37	6.74	11.89
Dividend Per Share	-	17.000	12.000	9.000	-	-
Dividend Growth	-	41.67%	33.33%	-	-	-
Gross Margin	47.62%	46.47%	44.73%	45.99%	42.19%	44.71%
Operating Margin	15.64%	16.02%	15.44%	15.28%	10.70%	13.43%
Profit Margin	14.69%	14.74%	13.67%	12.44%	10.71%	8.53%
Free Cash Flow Margin	13.07%	10.25%	15.42%	9.01%	4.50%	8.68%
EBITDA	21,210	21,360	19,100	18,620	12,770	14,885
EBITDA Margin	16.86%	17.13%	16.50%	16.45%	12.03%	15.33%
D&A For EBITDA	1,540	1,390	1,230	1,320	1,420	1,842
EBIT	19,670	19,970	17,870	17,300	11,350	13,043
EBIT Margin	15.64%	16.02%	15.44%	15.28%	10.70%	13.43%
Effective Tax Rate	22.91%	22.98%	25.90%	24.18%	11.96%	25.40%
Revenue as Reported	284,070	282,940	271,050	262,430	278,890	310,973
Advertising Expenses	-	12,950	11,210	10,480	9,220	6,949

Data Source: S&P Global Market Intelligence Last updated: Oct 28, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Oct 29, 2026

Data Sources Report a data error