United Spirits Income Statement

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	124,670	120,690	113,210	106,120	97,124
Revenue Growth (YoY)	3.30%	6.61%	6.68%	9.26%	19.45%
Cost of Revenue	66,740	64,620	61,140	61,350	53,701
Gross Profit	57,930	56,070	52,070	44,770	43,423
Selling, General & Admin	19,300	19,890	18,040	17,630	15,996
Other Operating Expenses	15,770	13,740	13,980	12,960	11,475
Operating Expenses	37,960	36,460	34,770	33,420	30,380
Operating Income	19,970	19,610	17,300	11,350	13,043
Interest Expense	-1,580	-890	-760	-1,040	-880
Interest & Investment Income	-	1,080	1,300	320	61
Earnings From Equity Investments	-70	-70	-10	-10	-
Currency Exchange Gain (Loss)	-	-	-	-	4
Other Non Operating Income (Expenses)	4,780	380	140	10	27
EBT Excluding Unusual Items	23,100	20,110	17,970	10,630	12,255
Merger & Restructuring Charges	-360	-650	-480	-1,960	-
Gain (Loss) on Sale of Investments	-	900	650	200	6
Gain (Loss) on Sale of Assets	-	990	120	200	123
Asset Writedown	-190	-	-	-	-340
Other Unusual Items	-360	-	310	3,720	-1,178
Pretax Income	22,190	21,350	18,570	12,790	10,866
Income Tax Expense	5,100	5,530	4,490	1,530	2,760
Earnings From Continuing Operations	17,090	15,820	14,080	11,260	8,106
Earnings From Discontinued Operations	1,290	-	-	-	-
Net Income to Company	18,380	15,820	14,080	11,260	8,106
Minority Interest in Earnings	-	-	-	110	180
Net Income	18,380	15,820	14,080	11,370	8,286
Net Income to Common	18,380	15,820	14,080	11,370	8,286
Net Income Growth	16.18%	12.36%	23.84%	37.22%	116.01%
Shares Outstanding (Basic)	710	710	710	710	709
Shares Outstanding (Diluted)	9,390	710	710	710	709
Shares Change (YoY)	1222.45%	-	0.06%	0.04%	-
EPS (Basic)	25.89	22.28	19.83	16.02	11.68
EPS (Diluted)	1.96	22.28	19.83	16.02	11.68
EPS Growth	-91.22%	12.36%	23.76%	37.16%	116.01%
Free Cash Flow	12,780	17,850	10,200	4,780	8,434
Free Cash Flow Per Share	1.36	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	46.47%	46.46%	45.99%	42.19%	44.71%
Operating Margin	16.02%	16.25%	15.28%	10.70%	13.43%
Profit Margin	14.74%	13.11%	12.44%	10.71%	8.53%
Free Cash Flow Margin	10.25%	14.79%	9.01%	4.50%	8.68%
EBITDA	22,860	20,840	18,620	12,770	14,885
EBITDA Margin	18.34%	17.27%	16.45%	12.03%	15.33%
D&A For EBITDA	2,890	1,230	1,320	1,420	1,842
EBIT	19,970	19,610	17,300	11,350	13,043
EBIT Margin	16.02%	16.25%	15.28%	10.70%	13.43%
Effective Tax Rate	22.98%	25.90%	24.18%	11.96%	25.40%
Revenue as Reported	282,940	276,120	262,430	278,890	310,973
Advertising Expenses	12,950	11,300	10,480	9,220	6,949

Source: S&P Global Market Intelligence. Standard template. Financial Sources.