United Spirits Income Statement

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Operating Revenue	129,190	120,690	113,210	106,120	97,124	81,313
Revenue	129,190	120,690	113,210	106,120	97,124	81,313
Revenue Growth (YoY)	9.29%	6.61%	6.68%	9.26%	19.45%	-12.80%
Cost of Revenue	67,670	64,620	61,140	61,350	53,701	45,397
Gross Profit	61,520	56,070	52,070	44,770	43,423	35,916
Selling, General & Admin	21,990	19,890	18,040	17,630	15,996	13,599
Other Operating Expenses	15,890	13,740	13,980	12,960	11,475	11,280
Operating Expenses	40,790	36,460	34,770	33,420	30,380	28,241
Operating Income	20,730	19,610	17,300	11,350	13,043	7,675
Interest Expense	-1,110	-890	-760	-1,040	-880	-1,876
Interest & Investment Income	1,080	1,080	1,300	320	61	111
Earnings From Equity Investments	-80	-70	-10	-10	-	-13
Currency Exchange Gain (Loss)	-	-	-	-	4	8
Other Non Operating Income (Expenses)	810	380	140	10	27	23
EBT Excluding Unusual Items	21,430	20,110	17,970	10,630	12,255	5,928
Merger & Restructuring Charges	-650	-650	-480	-1,960	-	-
Gain (Loss) on Sale of Investments	900	900	650	200	6	-
Gain (Loss) on Sale of Assets	990	990	120	200	123	168
Asset Writedown	-	-	-	-	-340	-139
Other Unusual Items	110	-	310	3,720	-1,178	-557
Pretax Income	22,780	21,350	18,570	12,790	10,866	5,400
Income Tax Expense	5,580	5,530	4,490	1,530	2,760	1,779
Earnings From Continuing Operations	17,200	15,820	14,080	11,260	8,106	3,621
Net Income to Company	17,200	15,820	14,080	11,260	8,106	3,621
Minority Interest in Earnings	-	-	-	110	180	215
Net Income	17,200	15,820	14,080	11,370	8,286	3,836
Net Income to Common	17,200	15,820	14,080	11,370	8,286	3,836
Net Income Growth	22.68%	12.36%	23.84%	37.22%	116.01%	-41.78%
Shares Outstanding (Basic)	710	710	710	710	709	709
Shares Outstanding (Diluted)	710	710	710	710	709	709
Shares Change (YoY)	0.14%	-	0.06%	0.04%	-	-
EPS (Basic)	24.22	22.28	19.83	16.02	11.68	5.41
EPS (Diluted)	24.22	22.28	19.83	16.02	11.68	5.41
EPS Growth	22.51%	12.36%	23.76%	37.16%	116.01%	-41.78%
Free Cash Flow	-	17,850	10,200	4,780	8,434	16,588
Free Cash Flow Per Share	-	25.14	14.37	6.74	11.89	23.39
Dividend Per Share	14.000	12.000	9.000	-	-	-
Dividend Growth	55.56%	33.33%	-	-	-	-
Gross Margin	47.62%	46.46%	45.99%	42.19%	44.71%	44.17%
Operating Margin	16.05%	16.25%	15.28%	10.70%	13.43%	9.44%
Profit Margin	13.31%	13.11%	12.44%	10.71%	8.53%	4.72%
Free Cash Flow Margin	-	14.79%	9.01%	4.50%	8.68%	20.40%
EBITDA	21,893	20,840	18,620	12,770	14,885	9,525
EBITDA Margin	16.95%	17.27%	16.45%	12.03%	15.33%	11.71%
D&A For EBITDA	1,163	1,230	1,320	1,420	1,842	1,850
EBIT	20,730	19,610	17,300	11,350	13,043	7,675
EBIT Margin	16.05%	16.25%	15.28%	10.70%	13.43%	9.44%
Effective Tax Rate	24.50%	25.90%	24.18%	11.96%	25.40%	32.94%
Revenue as Reported	284,490	276,120	262,430	278,890	310,973	274,581
Advertising Expenses	-	11,300	10,480	9,220	6,949	5,747

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.