United Spirits Limited
United Spirits Limited, together with its subsidiaries, manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally. It operates through Beverage Alcohol and Sports segments. The company offers alcoholic beverages, such as Scotch whisky, Indian made foreign liquor whisky, malts, tequila, brandy, rum, vodka, and gin under the Godawan, McDowell's No.1, Royal Challenge, Royal Challenge American Pride, Signature, Antiquity, Black Dog, Director's Special Black, McDowell's Rum, McDowell's Brandy, and McDowell's X-series brands. It also imports, manufactures, distributes, and sells alcoholic beverages under Diageo's iconic brands, which include Don Julio, Singleton, Tanquery, Captain Morgan, Johnnie Walker, J&B, Baileys, Lagavulin, Talisker, VAT 69, Black & White, Smirnoff, and Ciroc. In addition, the company holds the perpetual right to the Royal Challengers Bengaluru cricket franchise of Indian Premier League and Women's Premier League. It also exports its products to approximately 24 countries. The company was formerly known as McDowell & Company Limited and changed its name to United Spirits Limited in October 2006. The company was founded in 1826 and is headquartered in Bengaluru, India. United Spirits Limited is a subsidiary of Relay B.V.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockStrengths1
- Healthy return on equity of 18.8%
Concerns1
- Slow revenue growth of 3.3% CAGR over 5 years
Rule-based from financial data. Not advice.
Monthly Returns
Year-to-Date ROI
Historical Volatility
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ11.57 K Cr | β | βΉ1.56 K Cr | β | β | 19.8% | 8.2% | 18.8% |
| Mar 2024 | βΉ10.69 K Cr | β | βΉ1.31 K Cr | β | β | 18.8% | 3.1% | 24.7% |
| Mar 2023 | βΉ10.37 K Cr | β | βΉ1.05 K Cr | β | β | 17.7% | 10.1% | 23.6% |
| Mar 2022 | βΉ9.42 K Cr | β | βΉ851.00 Cr | β | β | 17.4% | 19.5% | 174.5% |
| Mar 2021 | βΉ7.89 K Cr | β | βΉ310.00 Cr | β | β | 7.5% | -13.2% | -56.0% |
| Mar 2020 | βΉ9.09 K Cr | β | βΉ705.00 Cr | β | β | 18.5% | 1.2% | 7.0% |
| Mar 2019 | βΉ8.98 K Cr | β | βΉ659.00 Cr | β | β | 21.0% | 9.9% | 17.3% |
| Mar 2018 | βΉ8.17 K Cr | β | βΉ562.00 Cr | β | β | 22.5% | -4.4% | 230.6% |
| Mar 2017 | βΉ8.55 K Cr | β | βΉ170.00 Cr | β | β | 8.8% | 3.6% | 39.3% |
| Mar 2016 | βΉ8.25 K Cr | β | βΉ122.00 Cr | β | β | 7.1% | 3.5% | -106.2% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | TTM |
|---|---|
| Revenue / Net Sales | 12,097 |
| Total Expenses | 9,917 |
| EBIT / Operating Profit | 2,180 |
| OPM % | 18% |
| Other Income | 391 |
| Finance Costs | 112 |
| Depreciation & Amortisation | 273 |
| Profit Before Tax | 2,186 |
| Tax % | - |
| Net Profit / PAT | 1,654 |
| EPS (βΉ) | 22.74 |
| Dividend Payout % | - |
Peer Comparison
Consumer Discretionary sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| United Spirits Limitedthis co. | βΉ95.95 K Cr | βΉ11.57 K Cr | 55.40 | 11.88 | 46.62 | 8.2% |
| Titan Company Limited | βΉ3.76 L Cr | βΉ54.84 K Cr | 96.60 | 21.09 | 69.49 | 16.4% |
| Eternal Limited | βΉ2.84 L Cr | βΉ8.62 K Cr | 120.00 | 7.95 | 193.91 | 30.1% |
| Avenue Supermarts Limited | βΉ2.49 L Cr | βΉ57.79 K Cr | 79.80 | 10.46 | 57.86 | 16.7% |
| Trent Ltd [Lakme Ltd] | βΉ1.39 L Cr | βΉ16.67 K Cr | 82.40 | 21.09 | 49.02 | 39.8% |
| Marico Limited | βΉ98.15 K Cr | βΉ7.58 K Cr | 52.30 | 19.38 | 63.51 | 8.3% |
| SWIGGY LIMITED | βΉ96.87 K Cr | βΉ8.80 K Cr | β | 7.26 | -63.92 | 38.0% |
| Industry Average | β | βΉ4.70 K Cr | 80.04 | 7.96 | 62.25 | 24.3% |