United Spirits Limited

BSE: 532432 NSE: UNITDSPR
United Spirits Limited - food and beverages in Bangalore, Karnataka, India. FY 2026 financials & compliance.
CIN L01551KA1999PLC024991 Incorporated 31 March 1999 ROC Bangalore HQ Bangalore, Karnataka, India
Active Listed - NSE: UNITDSPR · BSE: 532432 Public Limited Company food and beverages Fortune India 500 · #220 Fortune MNC 500 · #68 Nifty 500
Data last updated
Market Cap
₹93,792 Cr
UNITDSPR · NSE
Share Price
₹1,333.70
+3.43% today
Revenue
₹12,467 Cr
FY 2025-26 · +3.3% YoY
EBITDA
₹2,160 Cr
Margin 17.3%
Net Profit
₹1,828 Cr
FY 2025-26 · +21.7% YoY
P/E (TTM)
48.2x
P/B 10.0x
ROE
21.6%
ROCE 27.3%
Debt / Equity
0.05
Interest cover 8.4x

About United Spirits Limited

Data last updated:

United Spirits Limited is a public limited company based in Bangalore, Karnataka, India, a subsidiary of Diageo Relay B V. It operates in the alcoholic beverage manufacturing and distribution segment of the food and beverages sector. It was incorporated on 31 March 1999 and has been in existence for over 27 years.

United Spirits is ranked #220 on the Fortune India 500 (2025) and #68 on the Fortune MNC 500 India (2026). It is part of the Nifty 500 and BSE 500 indices.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN L01551KA1999PLC024991. Its GSTIN is 29AACCM8043J1Z6 (Karnataka). The company holds 37 GST registrations, of which 24 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 532432 and NSE: UNITDSPR.

The company has an authorised share capital of ₹739.2 Cr and a paid-up capital of ₹145.47 Cr. It was formerly known as Mcdowell and Company Limited. It is led by directors including Praveen Someshwar (Managing Director) and Pradeep Jain (Whole-Time Director).

Its last annual general meeting (AGM) was held on 04 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 'Ub Tower' # 24 Vittal Mallya Road, Bangalore, Karnataka, India – 560001.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹12,467 Cr, a growth of 3.3% compared to the previous year. For the same year it recorded a net profit of ₹1,827.83 Cr (net margin 14.7%) and EBITDA of ₹2,160 Cr (EBITDA margin 17.3%). The net worth stands at ₹8,953 Cr (up 10.5% YoY). Total assets are valued at ₹9,738 Cr (up 13.2% YoY).

The company has about 1,876 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.

The company is associated with 2 brands: United Spirits and Diageo India. As per MCA filings, the company has open charges of ₹1,532.55 Cr and satisfied charges of ₹25,811 Cr on record. Court records list 1,096 cases involving the company, including 676 filed by the company and 424 filed against it; 413 cases are pending.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website diageoindia.com.

Company details

CIN L01551KA1999PLC024991
Registration Number 024991
Incorporation Date 31 March 1999
ROC Bangalore
Listing Status Listed - Listed on NSE (UNITDSPR); Listed on BSE (532432)
Company Status Active
Date of Last AGM 04 August 2026
Date of Balance Sheet 31 March 2026
Parent Company Diageo Relay B V
Compliance Status Active Compliant
Key People
Praveen Someshwar Managing Director Pradeep Jain Whole-Time Director Mark Dominic Sandys Director

Recognitions & Rankings of United Spirits

Fortune India 500 2025 edition
Rank#220
Total income
₹12,315 Cr
Profit
₹1,582 Cr
Last year #212
Fortune MNC 500 India 2026 edition
Rank#68
Total income
₹12,315 Cr
Profit
₹1,582 Cr
Last year #70
Stock market indices
Nifty 500 BSE 500

Contact details

United Spirits Limited's registered office is in Bangalore, Karnataka. Its website is diageoindia.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    diageoindia.com
  • Registered Address
    'Ub Tower' # 24 Vittal Mallya Road, Bangalore, Karnataka, India – 560001
  • Industry
    Food and Beverages, Alcoholic Beverage Manufacturing & Distribution

To see the full contact details of United Spirits Limited, buy the company report.

Comprehensive company report
United Spirits Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

United Spirits operates two associated brands: United Spirits and Diageo India. Each brand links to its own profile.

BrandDescriptionWebsite
United Spirits
Brand of multi category food productsunitedspirits.in
Diageo India
Multi-category alcoholic beverages are produced and distributed by Diageo India.diageoindia.com

Financials of United Spirits Limited

FY 2025-26 filings available

United Spirits Limited reported revenue of ₹12,467 Cr (up 3.3% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹12,467 Cr
+3.3% YoY
EBITDA
₹2,160 Cr
-0.5% YoY
Profit After Tax
₹1,828 Cr
+21.7% YoY
Net Worth
₹8,953 Cr
+10.5% YoY
Total Assets
₹9,738 Cr
+13.2% YoY
Total Debt
₹413 Cr
-14.0% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue12,46712,06911,32110,6129,7128,1319,325
Revenue growth+3.3%+6.6%+6.7%+9.3%+19.4%-12.8%-
EBITDA2,1602,1711,9521,2131,4309541,541
EBITDA margin+17.3%+18.0%+17.2%+11.4%+14.7%+11.7%+16.5%
Profit before tax2,3482,1351,8571,2791,0875401,160
Net profit1,8281,5031,376971939415616
Net profit margin+14.7%+12.5%+12.2%+9.2%+9.7%+5.1%+6.6%
EPS (₹)25.3521.8219.4215.6811.415.289.07
Balance sheet
Total assets9,7388,6007,4016,1945,4955,1156,285
Net worth8,9538,1047,1215,9994,9544,1203,728
Total debt4134802651836051,0372,570
Cash & bank1,9772,0301,26988360.3083.9073.50
Net working capital3,9923,7533,0032,4561,5731,4072,312
Cash flow
Cash from operations1,4591,9471,1186159771,818783
Cash from investing(478)(1,114)226(55.00)(313)(99.20)(194)
Cash from financing(1,450)(557)(407)(500)(688)(1,707)(740)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue3,2642,7083,0543,6913,1733,0212,9463,433
Revenue growth (YoY)+2.9%-10.4%+3.7%+7.5%+11.6%+9.4%--
Other income76.0029929545.0077.0072.0017372.00
EBITDA610348524597633624472500
EBITDA margin+18.7%+12.9%+17.2%+16.2%+19.9%+20.7%+16.0%+14.6%
Depreciation76.0072.0076.0080.0065.0076.0070.0072.00
Interest24.0030.0069.0019.0021.0049.0022.0020.00
Profit before tax586545674543624571553480
Tax15882.00135125160154132145
Net profit428463539418464417421335
EPS (₹)6.036.527.595.886.545.875.934.72
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue12,44811,57310,69210,3749,3827,8899,091
Revenue growth+7.6%+8.2%+3.1%+10.6%+18.9%-13.2%-
EBITDA2,1771,9931,6601,2101,2928201,405
EBITDA margin+17.5%+17.2%+15.5%+11.7%+13.8%+10.4%+15.5%
Profit before tax2,3402,0561,6861,2891,0244691,135
Net profit1,8201,4311,283887913394699
Net profit margin+14.6%+12.4%+12.0%+8.6%+9.7%+5.0%+7.7%
EPS (₹)25.2421.4918.1014.5110.604.279.70
Balance sheet
Total assets9,1658,3757,2186,1395,1794,8486,086
Net worth8,7217,8796,9635,9444,9024,1273,810
Total debt4054802401832647132,270
Cash & bank1,8821,7731,20984932.8055.3034.50
Net working capital3,8853,6012,8952,5341,6881,5062,314
Cash flow
Cash from operations1,4831,6069135768881,728667
Cash from investing(335)(950)466(22.00)(227)13.4026.50
Cash from financing(1,443)(527)(439)(500)(684)(1,720)(717)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue3,2582,7033,0463,6833,1702,5492,9463,432
Revenue growth (YoY)+2.8%+6.0%+3.4%+7.3%+11.5%+8.4%--
Other income75.0022229514476.0061.00170190
Total expenses2,6152,3522,4953,0752,5282,1452,4412,909
EBITDA643351551608642404505523
EBITDA margin+19.7%+13.0%+18.1%+16.5%+20.3%+15.8%+17.1%+15.2%
Depreciation74.0070.0071.0079.0065.0068.0068.0072.00
Interest24.0030.006.0019.0021.0049.0022.0020.00
Profit before tax620473769654632348585621
Tax15882.0013512516090.00134148

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 31 Oct 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue3,2642,7083,0543,6913,1733,0212,9463,433
Revenue growth (YoY)+2.9%-10.4%+3.7%+7.5%+11.6%+9.4%--
Other income76.0029929545.0077.0072.0017372.00
EBITDA610348524597633624472500
EBITDA margin+18.7%+12.9%+17.2%+16.2%+19.9%+20.7%+16.0%+14.6%
Depreciation76.0072.0076.0080.0065.0076.0070.0072.00
Interest24.0030.0069.0019.0021.0049.0022.0020.00
Profit before tax586545674543624571553480
Tax15882.00135125160154132145
Net profit428463539418464417421335
EPS (₹)6.036.527.595.886.545.875.934.72
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue12,46712,06911,32110,6129,7128,1319,325
Revenue growth+3.3%+6.6%+6.7%+9.3%+19.4%-12.8%-
Other income63533625645348.9072.90117
Total expenses10,3079,8989,3699,3998,2837,1787,785
Employee cost635609547610653556530
EBITDA2,1602,1711,9521,2131,4309541,541
EBITDA margin+17.3%+18.0%+17.2%+11.4%+14.7%+11.7%+16.5%
Depreciation289283275283304299285
Interest15889.0076.0010488.00188212
Profit before tax2,3482,1351,8571,2791,0875401,160
Tax510553449153276178540
Net profit1,8281,5031,376971939415616
Net profit margin+14.7%+12.5%+12.2%+9.2%+9.7%+5.1%+6.6%
EPS (₹)25.3521.8219.4215.6811.415.289.07
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital145145145145145145145
Reserves & surplus8,8087,9596,9765,8544,9284,0943,702
Shareholders' funds (net worth)8,9538,1047,1215,9994,9544,1203,728
Minority interest4.000.000.000.00(78.90)(60.90)(41.30)
Secured loans0.000.000.000.000.000.001,581
Unsecured loans4134802651836051,037989
Total debt4134802651836051,0372,570
Total liabilities9,7388,6007,4016,1945,4955,1156,285
Assets
Gross block2,8483,2152,9812,8413,1143,0192,948
Net block1,4041,7121,5601,5341,8551,8931,956
Capital work in progress77.0072.0037.0083.0095.7096.70121
Investments1,1719236452862220.0021.90
Inventories2,6682,3052,0632,2302,1572,0521,928
Sundry debtors3,6093,4103,0562,4342,3742,1872,284
Cash & bank balances1,9772,0301,26988360.3083.9073.50
Loans & advances451584390431351480586
Total current assets8,7058,3296,7785,9784,9414,8034,870
Total current liabilities4,7134,5763,7753,5223,3683,3962,559
Net working capital3,9923,7533,0032,4561,5731,4072,312
Total assets9,7388,6007,4016,1945,4955,1156,285
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash1,3281,05211555.0077.8066.10216
Net cash from operating activities1,4591,9471,1186159771,818783
Net cash from investing activities(478)(1,114)226(55.00)(313)(99.20)(194)
Net cash from financing activities(1,450)(557)(407)(500)(688)(1,707)(740)
Net change in cash(469)27693760.00(23.30)11.70(150)
Closing cash1,9772,0301,26988360.3083.9073.50
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+3.3%+6.6%+6.7%+9.3%+19.4%-12.8%-
EBITDA growth-0.5%+11.2%+60.9%-15.2%+49.9%-38.1%-
PBT growth+10.0%+15.0%+45.2%+17.7%+101.2%-53.5%+14.7%
Net income growth+21.7%+9.2%+41.8%+3.4%+126.1%-32.6%-
Revenue CAGR (3Y)+5.5%+7.5%+11.7%+4.4%+1.3%-1.8%+1.9%
EBITDA CAGR (3Y)+21.2%+15.0%+27.0%-7.7%+0.9%-5.9%+35.6%
Profitability & leverage
Net income margin+14.7%+13.1%+12.4%+10.6%+8.4%+4.5%+6.7%
Return on capital employed+27.3%+27.8%+27.8%+17.4%+18.6%+8.9%+15.1%
Return on net worth+21.6%+20.8%+21.0%+15.2%+14.6%+5.7%+9.8%
Debt / equity0.050.050.030.070.180.460.80
Long-term debt / equity0.040.030.020.020.030.030.13
Interest cover8.444.714.5311.187.8228.6516.89
Efficiency & per share
Fixed asset turnover9.188.808.949.3410.139.1910.27
Inventory turnover11.1912.4912.1212.6814.7613.7814.93
Debtors turnover7.938.449.4811.5713.6212.2711.95
EPS (₹)25.3521.8219.4215.6811.415.289.07
Dividend per share (₹)17.0012.009.000.000.000.000.00
Book value per share (₹)123.49111.7898.2282.7469.8358.3652.96
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue3,2582,7033,0463,6833,1702,5492,9463,432
Revenue growth (YoY)+2.8%+6.0%+3.4%+7.3%+11.5%+8.4%--
Other income75.0022229514476.0061.00170190
Total expenses2,6152,3522,4953,0752,5282,1452,4412,909
EBITDA643351551608642404505523
EBITDA margin+19.7%+13.0%+18.1%+16.5%+20.3%+15.8%+17.1%+15.2%
Depreciation74.0070.0071.0079.0065.0068.0068.0072.00
Interest24.0030.006.0019.0021.0049.0022.0020.00
Profit before tax620473769654632348585621
Tax15882.0013512516090.00134148
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue12,44811,57310,69210,3749,3827,8899,091
Revenue growth+7.6%+8.2%+3.1%+10.6%+18.9%-13.2%-
Other income60442636645451.3064.60148
Total expenses10,2719,5809,0329,1648,0907,0707,686
Employee cost623605543607634540514
EBITDA2,1771,9931,6601,2101,2928201,405
EBITDA margin+17.5%+17.2%+15.5%+11.7%+13.8%+10.4%+15.5%
Depreciation283274264271254249228
Interest15889.0076.0010464.90166191
Profit before tax2,3402,0561,6861,2891,0244691,135
Tax510498374237254159430
Net profit1,8201,4311,283887913394699
Net profit margin+14.6%+12.4%+12.0%+8.6%+9.7%+5.0%+7.7%
EPS (₹)25.2421.4918.1014.5110.604.279.70
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital145145145145145145145
Reserves & surplus8,5767,7346,8185,7994,7563,9823,664
Shareholders' funds (net worth)8,7217,8796,9635,9444,9024,1273,810
Secured loans0.000.000.000.000.000.000.00
Unsecured loans4054802401832647132,270
Total debt4054802401832647132,270
Total liabilities9,1658,3757,2186,1395,1794,8486,086
Assets
Gross block2,6842,8082,4272,2882,0982,0091,931
Net block1,2811,4061,2451,2071,3011,3011,335
Capital work in progress70.0072.0037.0083.0089.7086.50119
Investments1,4541,107823462439202253
Inventories2,6592,3052,0632,2302,0771,9811,836
Sundry debtors3,5923,2882,7632,3832,3022,1602,284
Cash & bank balances1,8821,7731,20984932.8055.3034.50
Loans & advances451578384504513603628
Total current assets8,5847,9446,4195,9664,9254,7994,782
Total current liabilities4,6994,3433,5243,4323,2373,2942,468
Net working capital3,8853,6012,8952,5341,6881,5062,314
Total assets9,1658,3757,2186,1395,1794,8486,086
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash1,1501,02181.0027.0049.2027.1050.90
Net cash from operating activities1,4831,6069135768881,728667
Net cash from investing activities(335)(950)466(22.00)(227)13.4026.50
Net cash from financing activities(1,443)(527)(439)(500)(684)(1,720)(717)
Net change in cash(295)12994054.00(22.20)22.10(23.80)
Closing cash1,8821,7731,20984932.8055.3034.50
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+7.6%+8.2%+3.1%+10.6%+18.9%-13.2%-
EBITDA growth+9.2%+20.1%+37.2%-6.3%+57.6%-41.7%-
PBT growth+13.8%+22.0%+30.8%+25.9%+118.3%-58.7%+14.5%
Net income growth+27.2%+11.5%+44.6%-2.8%+131.4%-43.6%-
Revenue CAGR (3Y)+6.3%+7.3%+10.7%+4.5%+1.5%-1.2%+2.1%
EBITDA CAGR (3Y)+21.6%+15.6%+26.5%-4.9%+2.7%-4.8%+33.4%
Profitability & leverage
Net income margin+14.7%+13.5%+12.3%+10.1%+8.2%+3.9%+7.8%
Return on capital employed+28.5%+27.5%+26.3%+18.5%+19.9%+10.3%+15.7%
Return on net worth+22.1%+21.0%+20.3%+14.8%+15.3%+6.6%+11.8%
Debt / equity0.050.050.030.070.110.380.70
Long-term debt / equity0.040.030.020.020.030.030.13
Interest cover8.345.185.4411.086.2529.0816.20
Efficiency & per share
Fixed asset turnover10.1210.2310.7711.4814.9713.8016.01
Inventory turnover11.1912.2611.8312.5515.1514.2415.40
Debtors turnover8.088.859.8711.7713.7712.2311.91
EPS (₹)25.2421.4918.1014.5110.604.279.70
Dividend per share (₹)17.0012.009.000.000.000.000.00
Book value per share (₹)120.29108.6896.0481.9967.4756.8052.44

To see the full year-wise statements and ratios of United Spirits Limited, buy the company report.

Board of directors of United Spirits Limited

United Spirits has 11 current directors and 37 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Mark Dominic SandysDirector01 Apr 20224 Years 7 MonthsCurrent
Pradeep JainWhole-Time Director01 Feb 20233 Years 9 MonthsCurrent
Julie BramhamDirector21 Jan 20260 Years 9 MonthsCurrent
Narayan Keelveedhi Seshadri
Also directs: Tranzmute Business Advisory LLP, Lindner Properties Limited Liability Partnership, Shivash Business Advisory LLP and 5 more
Director09 Oct 20251 Years 0 MonthsCurrent
Praveen Someshwar
Also directs: International Spirits and Wines Association of India
Managing Director01 Apr 20251 Years 7 MonthsCurrent
Amrita Gangotra
Also directs: Max Healthcare Institute Limited, Ityukt Digital Solutions LLP, Triveni Turbine Limited and 5 more
Director01 Sep 20242 Years 2 MonthsCurrent
Showing 6 of 11 current directors. View all directors

Auditor

United Spirits Limited is audited by Price Waterhouse & Co Chartered Accountants LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Price Waterhouse & Co Chartered Accountants LLPFY 2023304026E/E-300009

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 56.70%, foreign institutional investors hold 12.90%, domestic institutional investors hold 17.10% and retail and other public shareholders hold 13.30%.

Promoters: 56.70%DII (Domestic Institutional): 17.10%FII (Foreign Institutional): 12.90%Retail & Others: 13.30%
Sep 2026
QUARTER
56.70% Promoters
17.10% DII (Domestic Institutional)
12.90% FII (Foreign Institutional)
13.30% Retail & Others
Promoter holding - history
Now 56.70% · Sep 2026High 56.70% · Dec 2025Low 56.70% · Dec 2025
55%55.8%56.5%57.3%58%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 56.70%Mar 2026: 56.70%Jun 2026: 56.70%Sep 2026: 56.70%56.70%56.70%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters56.70%56.70%56.70%56.70%
Public43.30%43.30%43.30%43.30%

Charges & borrowings

Open charges
₹1,532.55 Cr
Satisfied charges
₹25,811 Cr
Breakdown by lending institutions
Others₹1,284.46 Cr
Mbi Investment Ltd.₹75.00 Cr
Mbl Investments Ltd.₹43.20 Cr
Sicom Ltd.₹32.00 Cr
Standard Chartered Bank₹25.00 Cr
Others₹72.89 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
17 Jun 201010229539Others₹1,284.46 CrOpen
25 Nov 200580008542Corporation Bank₹8 CrOpen
27 May 200590353730Mbl Investments Ltd.₹43.2 CrOpen
27 May 200590370870Mbi Investment Ltd.₹75 CrOpen
29 Apr 200590244396Standard Chartered Bank₹25 CrOpen

To see the full charge records of United Spirits Limited, buy the company report.

Total charge records: 124 View all charges

MSME payment delays

United Spirits Limited has 28 MSME Form 1 returns on record between 2015 and 2023, listing 16,653 overdue payments to 682 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 682)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier
Agrini Export Private Limited
Kandg Packaging Private Limited
Prompt Packaging Pvt.Ltd.

To see the full MSME payment records of United Spirits Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

United Spirits has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

1
Subsidiary companies
1
Associated companies
Key subsidiaries
Company NameCINShares held
Royal Challengers Sports Private LimitedU92400KA2008PTC045565

To see the full group structure of United Spirits Limited, buy the company report.

Employees & EPFO

United Spirits Limited has a workforce of 1,876 employees on its EPFO records as of Jul 04, 2024, across 5 active EPFO establishments.

Employee count
1,876
Active EPFO establishments
5
Employee growth
0.37%

GST

United Spirits has 37 GST registrations: 24 active and 13 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
37
Active
24
Cancelled / inactive
13
GSTINStateStatusRegistered on
29AACCM8043J1Z6KarnatakaActive01 Jul 2017
29AACCM8043J2Z5KarnatakaActive01 Sep 2017
02AACCM8043J2ZLHimachal PradeshActive01 Jul 2017
03AACCM8043J1ZKPunjabActive01 Jul 2017

To see the full GST registrations and return filing status of United Spirits Limited, buy the company report.

Recent activity

United Spirits Limited has 82 board changes on record since 2000: 47 appointments and 35 cessations. The latest: Daniel Mobley was appointed as Director on 06 Jul 2026.

AGM
United Spirits Limited last Annual general meeting of members was held on 04 Aug 2026 as per latest MCA records.
Appointed
Daniel Mobley was appointed as Director.
Appointed
Vinod Rao was appointed as Director.
Filing
United Spirits Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Bangalore.
Appointed
Julie Bramham was appointed as Director.
Appointed
Narayan Keelveedhi Seshadri was appointed as Director.
Appointed
Pragya Kaul was appointed as Company Secretary.
Ceased
Mital Arvind Sanghvi ceased to be Company Secretary.
Ceased
Hina Nagarajan ceased to be CEO.
Ceased
Mahendrakumar Sharma ceased to be Director.
Appointed
Praveen Someshwar was appointed as Managing Director.
Ceased
Emily Gibson Kathryn ceased to be Director.

364 earlier events are in the company report.

News

United Spirits: Jefferies on United Spirits maintains Buy, Target Price Rs 1560; September-quarter P&A volumes declined 1%, as Smirnoff and J&B momentum was offset by Maharashtra-related headwinds, while regular volumes fell 30%. Gross margin expanded 88bps to 48% on better mix and productivity, but a 57% rise in advertising and promotion spending reduced EBITDA margin by 146bps to 19.7%. EBITDA and PAT fell 4% and 10%, respectively, while H1 operating cash flow and free cash flow remained strong at Rs 11bn and Rs 10bn.
29 Oct 2026 · Exchange Update
United Spirits: CLSA on United Spirits maintains Hold, Target Price Rs 1303; Q2FY27 P&A volumes declined 1.6% YoY, or 1.2% after reclassification of McDowell's No.1 brandy, missing expectations of 0.5% growth. Popular-category volumes also fell more than expected, while net sales grew 2.8% YoY against estimates of 5%. Gross margin expanded 88bps YoY, beating estimates, but EBITDA margin declined 146bps due to elevated advertising and promotion spending.
29 Oct 2026 · Exchange Update
UNITDSPR: Q2 REVENUE 32.6B RUPEES VS 31.7B (YOY)
28 Oct 2026 · Exchange Update
UNITDSPR: Q2 SL NET PROFIT 4.6B RUPEES VS 4.7B (YOY); EST 4.6B
28 Oct 2026 · Exchange Update
UNITDSPR: Q2 EBITDA 6.43B RUPEES VS 6.72B (YOY); Q2 EBITDA MARGIN 19.74% VS 21.2% (YOY)
28 Oct 2026 · Exchange Update
UNITDSPR: RS. 52.91 CRORES NSE BLOCK TRADE; FOR ~ 422,935 SHARES, AT RS. 1251.10
27 Oct 2026 · Exchange Update

Frequently asked questions

United Spirits is an active public limited company based in Bangalore, Karnataka, India. The company works in alcoholic beverage manufacturing and distribution, within the food and beverages industry. It was incorporated on 31 March 1999 (27+ years old) and is registered under CIN L01551KA1999PLC024991. Listed on BSE: 532432 and NSE: UNITDSPR.

United Spirits reported revenue of ₹12,467 Cr for FY 2025-26 (up 3.3% YoY) based on consolidated financials.

United Spirits has 11 current directors:

The latest financial statements of United Spirits on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 04 August 2026. Year-wise statements from 2015 are in the company report.

The GSTIN of United Spirits is 29AACCM8043J1Z6, registered in Karnataka. The company has 37 GST registrations in all, of which 24 are active and 13 are cancelled or inactive. Other active GSTINs include 29AACCM8043J2Z5 (Karnataka), 02AACCM8043J2ZL (Himachal Pradesh), 03AACCM8043J1ZK (Punjab).

The CIN (Corporate Identification Number) of United Spirits is L01551KA1999PLC024991. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. United Spirits is a listed company as per MCA records. Its shares are listed on both BSE (code: 532432) and NSE (symbol: UNITDSPR).

United Spirits has 1,096 court cases on record: 676 filed by the company and 424 filed against it. 413 are pending. Most are in the high courts.

United Spirits was incorporated on 31 March 1999, making it 27+ years old. It is registered with the Registrar of Companies, Bangalore.

Daniel Mobley was appointed as Director on 06 Jul 2026. Vinod Rao was appointed as Director on 13 Jun 2026. Julie Bramham was appointed as Director on 21 Jan 2026. United Spirits has 82 board changes on record in total.

United Spirits has 28 MSME Form 1 returns on record between 2015 and 2023, listing 16,653 overdue payments to 682 micro and small suppliers. The latest return was filed on 27 Oct 2023.