United Spirits' Q1 FY 2025-26 Quarterly Results

Result Summary

• United Spirits Ltd reported a 6.9% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 10.6%.
• Its expenses for the quarter were down by 1.9% QoQ and up 16.8% YoY.
• The net profit increased 73.0% QoQ and decreased 14.0% YoY.
• The earnings per share (EPS) of United Spirits Ltd stood at 5.9 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

## Company Overview

United Spirits Ltd is one of the prominent players in the alcoholic beverages industry, primarily known for its wide range of spirits and liquors. The company operates within the dynamic landscape of the Indian and international markets, offering a diverse portfolio that includes whisky, rum, vodka, and other spirits. The company has a significant presence in the domestic market and is a part of the larger global operations under its parent company, Diageo. Recent developments in the industry include a growing trend towards premiumization and an increasing focus on brand diversification to capture a broader consumer base. However, specific recent developments within United Spirits Ltd are not available from the data provided.

## Revenue

United Spirits Ltd reported a total income of ₹3,093 crores in Q1FY26, reflecting a 6.9% increase from the previous quarter (Q4FY25), where the total income stood at ₹2,894 crores. When compared year-over-year, there is an increase of 10.6% from Q1FY25, where the total income was ₹2,796 crores. This growth in revenue suggests an upward trajectory in the company's income generation capabilities over the observed periods. The consistent rise in total income over both QoQ and YoY periods indicates revenue growth from its operations in the alcoholic beverages market.

## Profitability

The Profit Before Tax (PBT) for United Spirits Ltd in Q1FY26 was ₹577 crores, marking a substantial increase of 84.9% compared to the preceding quarter (Q4FY25), which recorded a PBT of ₹312 crores. However, when compared to Q1FY25, there is an 11.8% decrease from the previous year's PBT of ₹654 crores. The Profit After Tax (PAT) for Q1FY26 was ₹417 crores, reflecting a 73.0% increase from Q4FY25, where PAT was ₹241 crores, but showing a 14.0% decrease from the PAT of ₹485 crores in Q1FY25. Tax expenses increased significantly by 116.9% QoQ to ₹154 crores in Q1FY26 from ₹71 crores in Q4FY25, while YoY comparison shows an 8.3% decrease from ₹168 crores in Q1FY25.

## Operating Metrics

The Earnings Per Share (EPS) for United Spirits Ltd in Q1FY26 was ₹5.90, which shows a 73.5% increase from the previous quarter's EPS of ₹3.40. However, compared to the EPS of ₹6.80 in Q1FY25, there is a decrease of 13.2%. Total expenses in Q1FY26 were ₹2,502 crores, reflecting a decrease of 1.9% from Q4FY25, with expenses recorded at ₹2,551 crores. Compared to Q1FY25, total expenses increased by 16.8% from ₹2,142 crores. These operating metrics illustrate significant fluctuations in financial performance metrics compared to both quarter-over-quarter and year-over-year perspectives, highlighting varying cost structures and profitability measures.