About United Spirits Limited
Data last updated: 25 September 2026
United Spirits Limited is a public limited company based in Bangalore, Karnataka, India, a subsidiary of Diageo Relay B V. It specialises in alcoholic beverage manufacturing and distribution, a part of the broader food and beverages sector. Incorporated on 31 March 1999, the company has been in operation for over 27 years.
Registered with ROC Bangalore under CIN L01551KA1999PLC024991. Listed on BSE: 532432 and NSE: MCDOWELL-N.
Capital: an authorised share capital of ₹739.2 Cr and a paid-up capital of ₹145.47 Cr. Formerly known as Mcdowell and Company Limited. It is led by directors including Vegulaparanan Kasi Viswanathan and Mark Dominic Sandys.
Last AGM: 29 August 2025. Financial statements filed for year ended 31 March 2025. Office: '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. The net worth stands at ₹8,953 Cr (up 10.48% YoY). Total assets are valued at ₹9,738 Cr (up 13.23% YoY).
The company has a workforce of approximately 1,876 employees as per the latest available data. It operates as a subsidiary of Diageo Relay B V. Its group structure includes 1 subsidiary.
The company is associated with 2 brands - United Spirits, Diageo India. As per MCA filings, the company has open charges of ₹1,403.31 Cr and satisfied charges of ₹25,811 Cr on record.
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.
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EmailLocked
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Website
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Registered Address'Ub Tower' # 24 Vittal Mallya Road, Bangalore, Karnataka, India – 560001
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IndustryFood and Beverages, Alcoholic Beverage Manufacturing & Distribution
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with United Spirits Limited
United Spirits Limited operates two associated brands: United Spirits and Diageo India. These brands represent United Spirits Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Brand of multi category food products | unitedspirits.in | |
| Multi-category alcoholic beverages are produced and distributed by Diageo India. | diageoindia.com |
Competitors & Alternatives of United Spirits Limited
Brands and companies operating in the same space as United Spirits Limited include Sweet Karam Coffee, Patanjali Ayurved, Diageo and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
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Dry snacks and coffee are manufactured and distributed. | Chennai, India, India | 2015 |
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Ayurvedic medicines and nutraceuticals are offered via an online platform. | Haridwar, India, India | 2006 |
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Multi-category alcoholic beverage company | London, United Kingdom, United Kingdom | 1886 |
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Multi-category food and beverage products are provided by Keventer. | Kolkata, India, India | 1986 |
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Diversified crop protection solutions are provided to farmers. | Mumbai, India, India | 1992 |
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Food and beverage products are branded, with diverse sectors engaged. | Gurugram, India, India | 1980 |
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Brand of whiskey, rum, brandy, and wines | Bengaluru, India, India | 1996 |
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Authentic Indian food products are offered by MTR Foods. | Bengaluru, India, India | 1924 |
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Health-focused dairy and plant-based food products are offered. | Paris, France, France | 1919 |
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Producer of natural and functional ingredients for food, beverage and healthcare products | Reinach, Switzerland, Switzerland | 2004 |
Business Activity of United Spirits Limited
United Spirits Limited operates primarily in the manufacturing sector. The company has 1 registered business activity segment, reflecting its diverse operational portfolio.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| Locked | Manufacturing | Locked | Food, beverages and tobacco products | Locked |
Detailed business activity records for United Spirits Limited
Activity codes and turnover contribution percentages require an active report plan.
- Activity group codes
- Detailed activity codes
- Turnover contribution
Verified entity values are shown only after access is granted.
Auditor Details of United Spirits Limited
United Spirits Limited is audited by Price Waterhouse & Co Chartered Accountants LLP for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Price Waterhouse & Co Chartered Accountants LLP | Locked | Locked | Locked |
Complete auditor history for United Spirits Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of United Spirits Limited
United Spirits Limited is currently managed by 11 directors, with 37 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
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| Vegulaparanan Kasi Viswanathan | Director | 17 Oct 2016 | 9 Years 11 Months | Current |
| Mark Dominic Sandys | Director | 01 Apr 2022 | 4 Years 5 Months | Current |
| Pradeep Jain | Whole-Time Director | 01 Feb 2023 | 3 Years 7 Months | Current |
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Narayan Keelveedhi Seshadri
Also directs:
Tranzmute Business Advisory Llp, Lindner Properties Limited Liability Partnership, Shivash Business Advisory Llp and 5 more
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Additional Director | 09 Oct 2025 | 0 Years 11 Months | Current |
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Praveen Someshwar
Also directs:
International Spirits And Wines Association Of India
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Managing Director | 01 Apr 2025 | 1 Years 5 Months | Current |
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Amrita Gangotra
Also directs:
Max Healthcare Institute Limited, Ityukt Digital Solutions Llp, Triveni Turbine Limited and 5 more
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Director | 01 Sep 2024 | 2 Years 0 Months | Current |
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 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 12,467 | 12,069 | 11,321 | 10,612 | 9,712 | 8,131 | 9,325 |
| Revenue growth | +4.1% | +5.7% | -0.3% | +13.5% | +15.4% | -7.8% | -2.1% |
| EBITDA | 2,160 | 2,171 | 1,952 | 1,213 | 1,430 | 954 | 1,541 |
| EBITDA margin | +17.3% | +18.0% | +17.2% | +11.4% | +14.7% | +11.7% | +16.5% |
| Profit before tax | 2,348 | 2,135 | 1,857 | 1,279 | 1,087 | 540 | 1,160 |
| Net profit | 1,828 | 1,503 | 1,376 | 971 | 939 | 415 | 616 |
| Net profit margin | +14.7% | +12.5% | +12.2% | +9.2% | +9.7% | +5.1% | +6.6% |
| EPS (₹) | 25.35 | 21.82 | 19.42 | 15.68 | 11.41 | 5.28 | 9.07 |
| Balance sheet | |||||||
| Total assets | 9,738 | 8,600 | 7,401 | 6,194 | 5,495 | 5,115 | 6,285 |
| Net worth | 8,953 | 8,104 | 7,121 | 5,999 | 4,954 | 4,120 | 3,728 |
| Total debt | 413 | 480 | 265 | 183 | 605 | 1,037 | 2,570 |
| Cash & bank | 1,977 | 2,030 | 1,269 | 883 | 60.30 | 83.90 | 73.50 |
| Net working capital | 3,992 | 3,753 | 3,003 | 2,456 | 1,573 | 1,407 | 2,312 |
| Cash flow | |||||||
| Cash from operations | 1,459 | 1,947 | 1,118 | 615 | 977 | 1,818 | 783 |
| 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) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,708 | 3,054 | 3,691 | 3,173 | 3,021 | 2,946 | 3,433 | 2,844 |
| Revenue growth (YoY) | -10.4% | +3.7% | +7.5% | +11.6% | +9.4% | +5.9% | +14.4% | -0.9% |
| Other income | 299 | 295 | 45.00 | 81.00 | 72.00 | 173 | 72.00 | 54.00 |
| EBITDA | 348 | 524 | 597 | 629 | 624 | 472 | 500 | 500 |
| EBITDA margin | +12.9% | +17.2% | +16.2% | +19.8% | +20.7% | +16.0% | +14.6% | +17.6% |
| Depreciation | 72.00 | 76.00 | 80.00 | 65.00 | 76.00 | 70.00 | 72.00 | 69.00 |
| Interest | 30.00 | 69.00 | 19.00 | 21.00 | 49.00 | 22.00 | 20.00 | 25.00 |
| Profit before tax | 545 | 674 | 543 | 624 | 571 | 553 | 480 | 460 |
| Tax | 82.00 | 135 | 125 | 160 | 154 | 132 | 145 | 119 |
| Net profit | 463 | 539 | 418 | 464 | 417 | 421 | 335 | 341 |
| EPS (₹) | 6.52 | 7.59 | 5.88 | 6.53 | 5.87 | 5.93 | 4.72 | 4.80 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 12,448 | 11,573 | 10,692 | 10,374 | 9,382 | 7,889 | 9,091 |
| Revenue growth | +7.2% | +6.1% | -1.4% | +13.3% | +14.4% | -8.0% | -1.3% |
| EBITDA | 2,177 | 1,993 | 1,660 | 1,210 | 1,292 | 820 | 1,405 |
| EBITDA margin | +17.5% | +17.2% | +15.5% | +11.7% | +13.8% | +10.4% | +15.5% |
| Profit before tax | 2,340 | 2,056 | 1,686 | 1,289 | 1,024 | 469 | 1,135 |
| Net profit | 1,820 | 1,431 | 1,283 | 887 | 913 | 394 | 699 |
| Net profit margin | +14.6% | +12.4% | +12.0% | +8.6% | +9.7% | +5.0% | +7.7% |
| EPS (₹) | 25.24 | 21.49 | 18.10 | 14.51 | 10.60 | 4.27 | 9.70 |
| Balance sheet | |||||||
| Total assets | 9,165 | 8,375 | 7,218 | 6,139 | 5,179 | 4,848 | 6,086 |
| Net worth | 8,721 | 7,879 | 6,963 | 5,944 | 4,902 | 4,127 | 3,810 |
| Total debt | 405 | 480 | 240 | 183 | 264 | 713 | 2,270 |
| Cash & bank | 1,882 | 1,773 | 1,209 | 849 | 32.80 | 55.30 | 34.50 |
| Net working capital | 3,885 | 3,601 | 2,895 | 2,534 | 1,688 | 1,506 | 2,314 |
| Cash flow | |||||||
| Cash from operations | 1,483 | 1,606 | 913 | 576 | 888 | 1,728 | 667 |
| Cash from investing | (335) | (950) | 466 | (22.00) | (227) | 13.40 | 26.50 |
| Cash from financing | (1,443) | (527) | (439) | (500) | (684) | (1,720) | (717) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,703 | 3,046 | 3,683 | 3,170 | 2,549 | 2,946 | 3,432 | 2,843 |
| Revenue growth (YoY) | +6.0% | +3.4% | +7.3% | +11.5% | +8.4% | +10.5% | +14.8% | -0.8% |
| Other income | 222 | 295 | 144 | 76.00 | 61.00 | 170 | 190 | 34.00 |
| Total expenses | 2,352 | 2,495 | 3,075 | 2,528 | 2,145 | 2,441 | 2,909 | 2,336 |
| EBITDA | 351 | 551 | 608 | 642 | 404 | 505 | 523 | 507 |
| EBITDA margin | +13.0% | +18.1% | +16.5% | +20.3% | +15.8% | +17.1% | +15.2% | +17.8% |
| Depreciation | 70.00 | 71.00 | 79.00 | 65.00 | 68.00 | 68.00 | 72.00 | 69.00 |
| Interest | 30.00 | 6.00 | 19.00 | 21.00 | 49.00 | 22.00 | 20.00 | 25.00 |
| Profit before tax | 473 | 769 | 654 | 632 | 348 | 585 | 621 | 447 |
| Tax | 82.00 | 135 | 125 | 160 | 90.00 | 134 | 148 | 112 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,708 | 3,054 | 3,691 | 3,173 | 3,021 | 2,946 | 3,433 | 2,844 |
| Revenue growth (YoY) | -10.4% | +3.7% | +7.5% | +11.6% | +9.4% | +5.9% | +14.4% | -0.9% |
| Other income | 299 | 295 | 45.00 | 81.00 | 72.00 | 173 | 72.00 | 54.00 |
| EBITDA | 348 | 524 | 597 | 629 | 624 | 472 | 500 | 500 |
| EBITDA margin | +12.9% | +17.2% | +16.2% | +19.8% | +20.7% | +16.0% | +14.6% | +17.6% |
| Depreciation | 72.00 | 76.00 | 80.00 | 65.00 | 76.00 | 70.00 | 72.00 | 69.00 |
| Interest | 30.00 | 69.00 | 19.00 | 21.00 | 49.00 | 22.00 | 20.00 | 25.00 |
| Profit before tax | 545 | 674 | 543 | 624 | 571 | 553 | 480 | 460 |
| Tax | 82.00 | 135 | 125 | 160 | 154 | 132 | 145 | 119 |
| Net profit | 463 | 539 | 418 | 464 | 417 | 421 | 335 | 341 |
| EPS (₹) | 6.52 | 7.59 | 5.88 | 6.53 | 5.87 | 5.93 | 4.72 | 4.80 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 12,467 | 12,069 | 11,321 | 10,612 | 9,712 | 8,131 | 9,325 |
| Revenue growth | +4.1% | +5.7% | -0.3% | +13.5% | +15.4% | -7.8% | -2.1% |
| Other income | 635 | 336 | 256 | 453 | 48.90 | 72.90 | 117 |
| Total expenses | 10,307 | 9,898 | 9,369 | 9,399 | 8,283 | 7,178 | 7,785 |
| Employee cost | 635 | 609 | 547 | 610 | 653 | 556 | 530 |
| EBITDA | 2,160 | 2,171 | 1,952 | 1,213 | 1,430 | 954 | 1,541 |
| EBITDA margin | +17.3% | +18.0% | +17.2% | +11.4% | +14.7% | +11.7% | +16.5% |
| Depreciation | 289 | 283 | 275 | 283 | 304 | 299 | 285 |
| Interest | 158 | 89.00 | 76.00 | 104 | 88.00 | 188 | 212 |
| Profit before tax | 2,348 | 2,135 | 1,857 | 1,279 | 1,087 | 540 | 1,160 |
| Tax | 510 | 553 | 449 | 153 | 276 | 178 | 540 |
| Net profit | 1,828 | 1,503 | 1,376 | 971 | 939 | 415 | 616 |
| Net profit margin | +14.7% | +12.5% | +12.2% | +9.2% | +9.7% | +5.1% | +6.6% |
| EPS (₹) | 25.35 | 21.82 | 19.42 | 15.68 | 11.41 | 5.28 | 9.07 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 145 | 145 | 145 | 145 | 145 | 145 | 145 |
| Reserves & surplus | 8,808 | 7,959 | 6,976 | 5,854 | 4,928 | 4,094 | 3,702 |
| Shareholders' funds (net worth) | 8,953 | 8,104 | 7,121 | 5,999 | 4,954 | 4,120 | 3,728 |
| Minority interest | 4.00 | 0.00 | 0.00 | 0.00 | (78.90) | (60.90) | (41.30) |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,581 |
| Unsecured loans | 413 | 480 | 265 | 183 | 605 | 1,037 | 989 |
| Total debt | 413 | 480 | 265 | 183 | 605 | 1,037 | 2,570 |
| Total liabilities | 9,738 | 8,600 | 7,401 | 6,194 | 5,495 | 5,115 | 6,285 |
| Assets | |||||||
| Gross block | 2,848 | 3,215 | 2,981 | 2,841 | 3,114 | 3,019 | 2,948 |
| Net block | 1,404 | 1,712 | 1,560 | 1,534 | 1,855 | 1,893 | 1,956 |
| Capital work in progress | 77.00 | 72.00 | 37.00 | 83.00 | 95.70 | 96.70 | 121 |
| Investments | 1,171 | 923 | 645 | 286 | 222 | 0.00 | 21.90 |
| Inventories | 2,668 | 2,305 | 2,063 | 2,230 | 2,157 | 2,052 | 1,928 |
| Sundry debtors | 3,609 | 3,410 | 3,056 | 2,434 | 2,374 | 2,187 | 2,284 |
| Cash & bank balances | 1,977 | 2,030 | 1,269 | 883 | 60.30 | 83.90 | 73.50 |
| Loans & advances | 451 | 584 | 390 | 431 | 351 | 480 | 586 |
| Total current assets | 8,705 | 8,329 | 6,778 | 5,978 | 4,941 | 4,803 | 4,870 |
| Total current liabilities | 4,713 | 4,576 | 3,775 | 3,522 | 3,368 | 3,396 | 2,559 |
| Net working capital | 3,992 | 3,753 | 3,003 | 2,456 | 1,573 | 1,407 | 2,312 |
| Total assets | 9,738 | 8,600 | 7,401 | 6,194 | 5,495 | 5,115 | 6,285 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1,328 | 1,052 | 115 | 55.00 | 77.80 | 66.10 | 216 |
| Net cash from operating activities | 1,459 | 1,947 | 1,118 | 615 | 977 | 1,818 | 783 |
| 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) | 276 | 937 | 60.00 | (23.30) | 11.70 | (150) |
| Closing cash | 1,977 | 2,030 | 1,269 | 883 | 60.30 | 83.90 | 73.50 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +3.3% | +6.6% | +6.7% | +9.3% | +19.4% | -12.8% | -0.2% |
| EBITDA growth | -0.5% | +11.2% | +60.9% | -15.2% | +49.9% | -38.1% | +10.7% |
| 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% | -9.4% |
| 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 / equity | 0.05 | 0.05 | 0.03 | 0.07 | 0.18 | 0.46 | 0.80 |
| Long-term debt / equity | 0.04 | 0.03 | 0.02 | 0.02 | 0.03 | 0.03 | 0.13 |
| Interest cover | 8.44 | 4.71 | 4.53 | 11.18 | 7.82 | 28.65 | 16.89 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 9.18 | 8.80 | 8.94 | 9.34 | 10.13 | 9.19 | 10.27 |
| Inventory turnover | 11.19 | 12.49 | 12.12 | 12.68 | 14.76 | 13.78 | 14.93 |
| Debtors turnover | 7.93 | 8.44 | 9.48 | 11.57 | 13.62 | 12.27 | 11.95 |
| EPS (₹) | 25.35 | 21.82 | 19.42 | 15.68 | 11.41 | 5.28 | 9.07 |
| Dividend per share (₹) | 17.00 | 12.00 | 9.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 123.49 | 111.78 | 98.22 | 82.74 | 69.83 | 58.36 | 52.96 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,703 | 3,046 | 3,683 | 3,170 | 2,549 | 2,946 | 3,432 | 2,843 |
| Revenue growth (YoY) | +6.0% | +3.4% | +7.3% | +11.5% | +8.4% | +10.5% | +14.8% | -0.8% |
| Other income | 222 | 295 | 144 | 76.00 | 61.00 | 170 | 190 | 34.00 |
| Total expenses | 2,352 | 2,495 | 3,075 | 2,528 | 2,145 | 2,441 | 2,909 | 2,336 |
| EBITDA | 351 | 551 | 608 | 642 | 404 | 505 | 523 | 507 |
| EBITDA margin | +13.0% | +18.1% | +16.5% | +20.3% | +15.8% | +17.1% | +15.2% | +17.8% |
| Depreciation | 70.00 | 71.00 | 79.00 | 65.00 | 68.00 | 68.00 | 72.00 | 69.00 |
| Interest | 30.00 | 6.00 | 19.00 | 21.00 | 49.00 | 22.00 | 20.00 | 25.00 |
| Profit before tax | 473 | 769 | 654 | 632 | 348 | 585 | 621 | 447 |
| Tax | 82.00 | 135 | 125 | 160 | 90.00 | 134 | 148 | 112 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 12,448 | 11,573 | 10,692 | 10,374 | 9,382 | 7,889 | 9,091 |
| Revenue growth | +7.2% | +6.1% | -1.4% | +13.3% | +14.4% | -8.0% | -1.3% |
| Other income | 604 | 426 | 366 | 454 | 51.30 | 64.60 | 148 |
| Total expenses | 10,271 | 9,580 | 9,032 | 9,164 | 8,090 | 7,070 | 7,686 |
| Employee cost | 623 | 605 | 543 | 607 | 634 | 540 | 514 |
| EBITDA | 2,177 | 1,993 | 1,660 | 1,210 | 1,292 | 820 | 1,405 |
| EBITDA margin | +17.5% | +17.2% | +15.5% | +11.7% | +13.8% | +10.4% | +15.5% |
| Depreciation | 283 | 274 | 264 | 271 | 254 | 249 | 228 |
| Interest | 158 | 89.00 | 76.00 | 104 | 64.90 | 166 | 191 |
| Profit before tax | 2,340 | 2,056 | 1,686 | 1,289 | 1,024 | 469 | 1,135 |
| Tax | 510 | 498 | 374 | 237 | 254 | 159 | 430 |
| Net profit | 1,820 | 1,431 | 1,283 | 887 | 913 | 394 | 699 |
| Net profit margin | +14.6% | +12.4% | +12.0% | +8.6% | +9.7% | +5.0% | +7.7% |
| EPS (₹) | 25.24 | 21.49 | 18.10 | 14.51 | 10.60 | 4.27 | 9.70 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 145 | 145 | 145 | 145 | 145 | 145 | 145 |
| Reserves & surplus | 8,576 | 7,734 | 6,818 | 5,799 | 4,756 | 3,982 | 3,664 |
| Shareholders' funds (net worth) | 8,721 | 7,879 | 6,963 | 5,944 | 4,902 | 4,127 | 3,810 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 405 | 480 | 240 | 183 | 264 | 713 | 2,270 |
| Total debt | 405 | 480 | 240 | 183 | 264 | 713 | 2,270 |
| Total liabilities | 9,165 | 8,375 | 7,218 | 6,139 | 5,179 | 4,848 | 6,086 |
| Assets | |||||||
| Gross block | 2,684 | 2,808 | 2,427 | 2,288 | 2,098 | 2,009 | 1,931 |
| Net block | 1,281 | 1,406 | 1,245 | 1,207 | 1,301 | 1,301 | 1,335 |
| Capital work in progress | 70.00 | 72.00 | 37.00 | 83.00 | 89.70 | 86.50 | 119 |
| Investments | 1,454 | 1,107 | 823 | 462 | 439 | 202 | 253 |
| Inventories | 2,659 | 2,305 | 2,063 | 2,230 | 2,077 | 1,981 | 1,836 |
| Sundry debtors | 3,592 | 3,288 | 2,763 | 2,383 | 2,302 | 2,160 | 2,284 |
| Cash & bank balances | 1,882 | 1,773 | 1,209 | 849 | 32.80 | 55.30 | 34.50 |
| Loans & advances | 451 | 578 | 384 | 504 | 513 | 603 | 628 |
| Total current assets | 8,584 | 7,944 | 6,419 | 5,966 | 4,925 | 4,799 | 4,782 |
| Total current liabilities | 4,699 | 4,343 | 3,524 | 3,432 | 3,237 | 3,294 | 2,468 |
| Net working capital | 3,885 | 3,601 | 2,895 | 2,534 | 1,688 | 1,506 | 2,314 |
| Total assets | 9,165 | 8,375 | 7,218 | 6,139 | 5,179 | 4,848 | 6,086 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1,150 | 1,021 | 81.00 | 27.00 | 49.20 | 27.10 | 50.90 |
| Net cash from operating activities | 1,483 | 1,606 | 913 | 576 | 888 | 1,728 | 667 |
| Net cash from investing activities | (335) | (950) | 466 | (22.00) | (227) | 13.40 | 26.50 |
| Net cash from financing activities | (1,443) | (527) | (439) | (500) | (684) | (1,720) | (717) |
| Net change in cash | (295) | 129 | 940 | 54.00 | (22.20) | 22.10 | (23.80) |
| Closing cash | 1,882 | 1,773 | 1,209 | 849 | 32.80 | 55.30 | 34.50 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +7.6% | +8.2% | +3.1% | +10.6% | +18.9% | -13.2% | +1.2% |
| EBITDA growth | +9.2% | +20.1% | +37.2% | -6.3% | +57.6% | -41.7% | +17.7% |
| 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% | +7.1% |
| 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 / equity | 0.05 | 0.05 | 0.03 | 0.07 | 0.11 | 0.38 | 0.70 |
| Long-term debt / equity | 0.04 | 0.03 | 0.02 | 0.02 | 0.03 | 0.03 | 0.13 |
| Interest cover | 8.34 | 5.18 | 5.44 | 11.08 | 6.25 | 29.08 | 16.20 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 10.12 | 10.23 | 10.77 | 11.48 | 14.97 | 13.80 | 16.01 |
| Inventory turnover | 11.19 | 12.26 | 11.83 | 12.55 | 15.15 | 14.24 | 15.40 |
| Debtors turnover | 8.08 | 8.85 | 9.87 | 11.77 | 13.77 | 12.23 | 11.91 |
| EPS (₹) | 25.24 | 21.49 | 18.10 | 14.51 | 10.60 | 4.27 | 9.70 |
| Dividend per share (₹) | 17.00 | 12.00 | 9.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 120.29 | 108.68 | 96.04 | 81.99 | 67.47 | 56.80 | 52.44 |
Shareholding Pattern of United Spirits Limited
As per the shareholding pattern for the quarter ended Jun 2026, promoters hold 56.70%, foreign institutional investors hold 12.90%, domestic institutional investors hold 17.10%, retail and other public shareholders hold 13.30% of United Spirits Limited.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | |
|---|---|---|---|---|
| Promoters | 56.70% | 56.70% | 56.70% | 56.70% |
| Public | 43.30% | 43.30% | 43.30% | 43.30% |
Group Structure of United Spirits Limited
United Spirits Limited has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2023. The corporate group structure reflects United Spirits Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Royal Challengers Sports Private Limited | U92400KA2008PTC045565 | - |
Showing major subsidiaries. Total: 1.
Charges & Borrowings of United Spirits Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Jun 2010 | Others | ₹1,284.46 Cr | Open |
| 27 May 2005 | Mbl Investments Ltd. | ₹43.2 Cr | Open |
| 27 May 2005 | Mbi Investment Ltd. | ₹75 Cr | Open |
| 01 Feb 1999 | State Bank of Patiala | ₹65 Lakh | Open |
| 23 Dec 2015 | The Hongkong and Shanghai Banking Corporation Limited | ₹325 Cr | Satisfied |
Total charge records: 114 View all charges
Employees and EPFO Compliance at United Spirits Limited
United Spirits Limited has a workforce of 1,876 employees as of Jul 04, 2024.
Employee and EPFO history for United Spirits Limited
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GST Compliance of United Spirits Limited
GST registrations and filing compliance for United Spirits Limited
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Credit Ratings, Litigation & Regulatory Alerts for United Spirits Limited
Credit ratings, litigation, and regulatory alerts for United Spirits Limited
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MSME Payment Delays by United Spirits Limited
MSME payment history for United Spirits Limited
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Subsidiaries & Group Companies of United Spirits Limited
Corporate group structure for United Spirits Limited
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MCA Filings & Documents of United Spirits Limited
MCA filings and documents for United Spirits Limited
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Recent Activity on United Spirits Limited
Recent News on United Spirits Limited
Frequently Asked Questions about United Spirits Limited
United Spirits Limited is an active public limited company in the food and beverages sector based in Bangalore, Karnataka, India. It was incorporated on 31 March 1999 (27+ years old) and is registered under CIN L01551KA1999PLC024991. Listed on BSE: 532432 and NSE: MCDOWELL-N. The company has 1,876 employees.
United Spirits Limited reported revenue of ₹12,467 Cr for FY 2025-26 (up 3.3% YoY) based on consolidated financials.
The current directors of United Spirits Limited are:
- Vegulaparanan Kasi Viswanathan - Director
- Mark Dominic Sandys - Director
- Pradeep Jain - Whole-Time Director
- Narayan Keelveedhi Seshadri - Additional Director
- Praveen Someshwar - Managing Director
- Amrita Gangotra - Director
- Preeti Arora - Director
- Indu Bhushan - Director
- Mukesh Hari Butani - Director
- Julie Bramham - Director
- Vinod Rao - Additional Director
The primary industry of United Spirits Limited is food and beverages. The company specifically operates in alcoholic beverage manufacturing and distribution. The company is currently active in this sector.
Yes. United Spirits Limited is listed on both BSE (code: 532432) and NSE (symbol: MCDOWELL-N).
United Spirits Limited can be reached at the registered office: Ub Tower # 24 Vittal Mallya Road, Bangalore, Karnataka, India – 560001, or through the website diageoindia.com.