United Spirits Limited has informed the Exchange regarding a press release dated May 14, 2026, titled "Press release for quarter and year ended 31st March 2026.".
UNITDSPR · price
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United Spirits reported FY26 consolidated NSV of INR 12,467 Cr (up 7.7%) and standalone NSV of INR 12,448 Cr (up 7.6%). EBITDA grew 11.6% to INR 2,296 Cr with margin expansion of 66 bps to 18.4%. The Prestige & Above segment, accounting for 89.6% of sales, grew 8.6% while Popular segment remained flat. Performance was resilient despite the adverse Maharashtra Made Liquor policy, with the company noting that excluding Maharashtra and Andhra Pradesh, the portfolio delivered double-digit growth of 10.9%. Gross margin expanded by 172 bps to 46.4% driven by pricing, revenue growth management and cost productivity. The board recommended a final dividend of INR 11 per share and approved the sale of 100% stake in Royal Challengers Sports Pvt Ltd.
Strong operational performance with margin expansion and premiumisation shift bodes well for shareholders. The RCSPL divestiture sharpens focus on core spirits business. Karnataka's progressive policy and UK-FTA could provide additional tailwinds for FY27 double-digit growth guidance.