United Spirits Ltd (UNITDSPR) — shareholding pattern, promoter holding, financials and share price
About United Spirits Ltd (UNITDSPR)
United Spirits Ltd operates in the Breweries & Distilleries industry, within the Fast Moving Consumer Goods sector. It trades on the NSE as UNITDSPR and on the BSE under scrip code 532432. Its ISIN is INE854D01024.
Diageo India incorporated in India as United Spirits Ltd.(USL) is the country’s leading beverage alcohol company and a subsidiary of global leader Diageo PLC. The company manufactures, sells, and distributes a wide portfolio of premium brands such as Johnnie Walker, Black Dog, Black & White, VAT 69, Antiquity, Signature, Royal Challenge, McDowell’s No.1, Smirnoff and Captain Morgan. [1]
United Spirits Limited (USL) is India's largest alco-beverage company, involved in the manufacture and distribution of various spirits like whisky, rum, vodka, and gin. The company is a major player in consumer goods with strategic licensing agreements for Diageo brands.
USL has successfully expanded its market presence with Don Julio tequila, which crossed INR100 crores in NSV within just nine months, showing strong entry into the premium spirits segment.
Listed peers in Breweries & Distilleries: Radico Khaitan Ltd, United Breweries Ltd, Allied Blenders & Distillers Ltd, Tilaknagar Industries Ltd, India Glycols Ltd, Piccadily Agro Industries Ltd.
Valuation & Returns
10 Jul 2026At ₹1,385.75 a share on 10 Jul 2026, United Spirits Ltd (UNITDSPR) was valued at a price-to-earnings ratio of 53.99x against an industry P/E of 54.25x and a price-to-book of 12.44x on a book value of ₹111.42 per share as of Mar 2025. Solomo computes return on equity of 23.04% and return on capital employed of 30.25% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 53.99x
- Industry P/E
- 54.25x
- P/B
- 12.44x
- EPS (TTM)
- ₹25.67
- Book value / share
- ₹111.42
- ROE
- 23.04%
- ROCE
- 30.25%
- ROA
- 14.09%
- Debt / equity
- 0.06x
- Dividend yield
- 1.8%
- EBITDA margin
- 10.14%
- 52-week range
- ₹1,210.4 – ₹1,489
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, United Spirits Ltd (UNITDSPR) reported revenue of ₹12,467 crore, net profit of ₹1,838 crore and earnings per share of ₹25.27. That compares with revenue of ₹12,069 crore and net profit of ₹1,582 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹3,054 crore and net profit ₹539 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 9,712 | 10,612 | 11,321 | 12,069 | 12,467 |
| Net profit (₹ cr) | 811 | 1,126 | 1,408 | 1,582 | 1,838 |
| EPS (₹) | 11.4 | 15.63 | 19.36 | 21.75 | 25.27 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 1.49% | -1.30% | -4.53% | 6.61% |
| Profit growth | 32.72% | 17.20% | 22.34% | 12.36% |
| Stock price CAGR | 11% | 16% | 12% | 0% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 56.67% of United Spirits Ltd (UNITDSPR) (unchanged from the previous quarter), foreign institutional investors (FII) hold 12.89% and domestic institutional investors (DII) hold 17.15%. Promoters have pledged 1.2% of their holding. Market capitalisation was ₹1,00,793 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2001.
Largest disclosed public shareholders in Jun 2026: HDFC Mutual Fund - Various Schemes 4.34%, USL Benefit Trust 2.38%, Aditya Birla Sun Life Trustee Private Limited A/c - Various Schemes 1.9%, Kotak Mahindra Trustee Co Ltd A/c - Various Schemes 1.58%, ICICI PRUDENTIAL - Various Schemes 1.3%, Nippon Life India Trustee Ltd - Various Schemes 1.24%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 56.67% | 1.2% | 12.89% | 17.15% | 43.33% |
| Mar 2026 | 56.67% | 1.2% | 14.41% | 15.37% | 43.33% |
| Dec 2025 | 56.67% | 1.2% | 14.12% | 15.37% | 43.33% |
| Sep 2025 | 56.67% | 1.2% | 14.38% | 14.9% | 43.33% |
| Jun 2025 | 56.67% | 1.2% | 15.04% | 14.4% | 43.33% |
| Mar 2025 | 56.67% | 1.2% | 14.98% | 14.6% | 43.33% |
| Dec 2024 | 56.67% | 1.2% | 15.93% | 13.55% | 43.33% |
| Sep 2024 | 56.67% | 1.2% | 16.11% | 13.16% | 43.33% |