United Spirits' Q2 FY 2025-26 Quarterly Results

Result Summary

• United Spirits Ltd reported a 5.2% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 12.3%.
• Its expenses for the quarter were up by 3.9% QoQ and 6.7% YoY.
• The net profit increased 11.3% QoQ and increased 36.1% YoY.
• The earnings per share (EPS) of United Spirits Ltd stood at 6.53 during Q2 FY 2025-26.

Financial Statments for Q2 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, a leading player in the alcoholic beverages industry in India, is primarily engaged in the production and distribution of various spirits, including whisky, rum, vodka, and gin. The company operates under the umbrella of Diageo, a global leader in beverage alcohol. With a rich heritage and a vast portfolio comprising both premium and mass-market brands, United Spirits Ltd has established a strong market presence. The company's strategic initiatives often focus on expanding its premium product offerings and leveraging its well-established distribution network across the country. Recent developments have seen efforts to enhance operational efficiencies and expand market share in premium segments.

Revenue

In Q2FY26, United Spirits Ltd reported a total income of ₹3,254 crores, reflecting a quarter-over-quarter (QoQ) increase of 5.2% from ₹3,093 crores in Q1FY26. Compared to the same quarter in the previous year (Q2FY25), where the total income was ₹2,898 crores, the year-over-year (YoY) growth stands at 12.3%. This increase in revenue can be attributed to the company's strategic focus on enhancing its distribution and possibly increasing market penetration for its premium product lines. The consistent growth in revenue over the past quarters indicates a positive trajectory in the company's sales performance.

Profitability

For Q2FY26, United Spirits Ltd reported a profit before tax (PBT) of ₹625 crores, marking an 8.3% increase from ₹577 crores in Q1FY26. This reflects a significant YoY growth of 35.3% when compared to ₹462 crores in Q2FY25. The profit after tax (PAT) for Q2FY26 was ₹464 crores, which shows an improvement of 11.3% QoQ from ₹417 crores in Q1FY26 and a robust 36.1% increase YoY from ₹341 crores in Q2FY25. These figures indicate strong profitability metrics, which may be a result of effective cost management and enhanced operational efficiencies. The reported earnings per share (EPS) for Q2FY26 was ₹6.53, which has grown by 11.2% from ₹5.87 in the previous quarter and by 36.0% from ₹4.80 in the same quarter last year.

Operating Metrics

During Q2FY26, United Spirits Ltd incurred total expenses amounting to ₹2,599 crores, which represents a 3.9% increase from ₹2,502 crores in Q1FY26. On a YoY basis, expenses rose by 6.7% from ₹2,436 crores in Q2FY25. The growth in expenses appears to be lower than the growth in total income, which may have contributed to the improved profitability metrics. The tax expense for Q2FY26 was ₹160 crores, showing a 3.9% QoQ rise from ₹154 crores in Q1FY26 and a 34.5% YoY increase from ₹119 crores in Q2FY25. Such increases in tax expenses align with the rising profitability levels observed during the quarter. The operating metrics demonstrate a balance between revenue growth and expense management, leading to enhanced financial performance.