United Spirits Limited

BSE: 532432 NSE: MCDOWELL-N
United Spirits Limited - food and beverages in Bangalore, Karnataka, India. FY 2026 financials and compliance.
CIN L01551KA1999PLC024991 Incorporated 31 March 1999 ROC Bangalore HQ Bangalore, Karnataka, India
Active Listed - NSE: MCDOWELL-N · BSE: 532432 Public Limited Company food and beverages
Data last updated
Revenue · FY 2026
₹27,816 Cr
▲ 1.98% YoY
EBITDA · FY 2026
₹2,764 Cr
▲ 7.17% YoY
Net profit · FY 2026
₹1,838 Cr
▲ 16.18% YoY
Authorised capital
₹739.2 Cr
Registered with MCA
Paid-up capital
₹145.47 Cr
Issued & subscribed
Open charges
₹1,403.31 Cr
Satisfied ₹25,811 Cr
Company age
27 yrs
Est. 1999
Employees · EPFO
1,876
Latest available

About United Spirits Limited

Data last updated: 08 January 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 Mital Arvind Sanghvi.

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 financials filed for FY 2023, the company reported a revenue of ₹27,652 Cr, a decline of 10.14% compared to the previous year.

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.

Company Details of United Spirits Limited
CIN L01551KA1999PLC024991
Registration Number 024991
Incorporation Date 31 March 1999
ROC Bangalore
Listing Status Listed (BSE: 532432, NSE: MCDOWELL-N)
Company Status Active
Date of Last AGM 29 August 2025
Date of Balance Sheet 31 March 2025
Parent Company Diageo Relay B V
Compliance Status Active Compliant
Key People
Praveen Someshwar Ceo Pradeep Jain Whole-Time Director Vegulaparanan Kasi Viswanathan Director
Contact Details
  • Email
    *****@*****.com
  • Telephone
    +91-****-******
  • Website
    diageoindia.com
  • Social Media
  • Registered Address
    'Ub Tower' # 24 Vittal Mallya Road, Bangalore, Karnataka, India – 560001
  • Industry
    Food and Beverages, Alcoholic Beverage Manufacturing & Distribution
Company report
United Spirits Limited - full intelligence report
  • 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
₹799 ₹999 20% off
Secure checkout · GST invoice included

Unlock the full United Spirits Limited report

Financials, compliance, directors, charges, ownership and filings for United Spirits Limited in one report.

10-year financials Directors & ownership Charges & compliance

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
United Spirits
Brand of multi category food products unitedspirits.in
Diageo India
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
Sweet Karam Coffee Sweet Karam Coffee Dry snacks and coffee are manufactured and distributed. Chennai, India, India 2015
Patanjali Ayurved Patanjali Ayurved Ayurvedic medicines and nutraceuticals are offered via an online platform. Haridwar, India, India 2006
Diageo Diageo Multi-category alcoholic beverage company London, United Kingdom, United Kingdom 1886
Keventer Keventer Multi-category food and beverage products are provided by Keventer. Kolkata, India, India 1986
Godrej Agrovet Godrej Agrovet Diversified crop protection solutions are provided to farmers. Mumbai, India, India 1992
RJ Corp RJ Corp Food and beverage products are branded, with diverse sectors engaged. Gurugram, India, India 1980
John Distilleries John Distilleries Brand of whiskey, rum, brandy, and wines Bengaluru, India, India 1996
MTR Foods MTR Foods Authentic Indian food products are offered by MTR Foods. Bengaluru, India, India 1924
Danone Danone Health-focused dairy and plant-based food products are offered. Paris, France, France 1919
Evolva Evolva 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
********* Manufacturing ********* Food, beverages and tobacco products *********

Auditor Details of United Spirits Limited

United Spirits Limited is audited by Price Waterhouse & Co Chartered Accountants LLP (ICAI peer reviewed, certificate valid till 2026-11-30) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
Price Waterhouse & Co Chartered Accountants LLP (ICAI peer reviewed, certificate valid till 2026-11-30) FY 2026 Declaration of unmodified opinion

Board of Directors of United Spirits Limited

United Spirits Limited is currently managed by 12 directors, with 43 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Vegulaparanan Kasi Viswanathan
Also directs: Pi Industries Limited, Airtel Money Limited, Royal Challengers Sports Private Limited
Director 17 Oct 2016 9 Years 8 Months Current
Mital Arvind Sanghvi Company Secretary 01 Jun 2020 6 Years 1 Months Current
Praveen Someshwar
Also directs: International Spirits And Wines Association Of India
Ceo 01 Apr 2025 1 Years 3 Months Current
Narayan Keelveedhi Seshadri
Also directs: Tranzmute Business Advisory Llp, Lindner Properties Limited Liability Partnership, Shivash Business Advisory Llp and 5 more
Director 09 Oct 2025 0 Years 8 Months Current
Mukesh Hari Butani
Also directs: Bata India Ltd, Dabur India Limited, Hitachi Energy India Limited and 4 more
Director 01 Mar 2024 2 Years 4 Months Current
Pradeep Jain Whole-Time Director 01 Feb 2023 3 Years 5 Months Current
Showing 6 of 12 current directors. View all directors

Financials of United Spirits Limited FY 2026 filings available

United Spirits Limited reported revenue of ₹27,816 Cr (up 1.98% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue · FY 2026
₹27,816 Cr ▲ 1.98%
Profit · FY 2026
₹1,838 Cr ▲ 16.18%
EBITDA · FY 2026
₹2,764 Cr ▲ 7.17%
Revenue₹ Cr · Consolidated020,00040,000FY 2020: ₹28,824 Cr28,824FY 2020FY 2021: ₹27,419 Cr · -4.9% YoY27,418-4.9%FY 2021FY 2022: ₹31,062 Cr · +13.3% YoY31,062+13.3%FY 2022FY 2023: ₹27,815 Cr · -10.5% YoY27,815-10.5%FY 2023FY 2024: ₹26,018 Cr · -6.5% YoY26,018-6.5%FY 2024FY 2025: ₹27,276 Cr · +4.8% YoY27,276+4.8%FY 2025FY 2026: ₹27,816 Cr · +2% YoY27,816+2%FY 2026
Net Profit₹ Cr · Consolidated01,0002,000FY 2020: ₹621 Cr621FY 2020FY 2021: ₹362 Cr · -41.7% YoY362-41.7%FY 2021FY 2022: ₹811 Cr · +123.9% YoY811+123.9%FY 2022FY 2023: ₹1,126 Cr · +38.9% YoY1,126+38.9%FY 2023FY 2024: ₹1,408 Cr · +25.1% YoY1,408+25.1%FY 2024FY 2025: ₹1,582 Cr · +12.4% YoY1,582+12.4%FY 2025FY 2026: ₹1,838 Cr · +16.2% YoY1,838+16.2%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year05,00010,000Q1'25: ₹6,238 Cr · +7.4% YoY6,238+7.4%Q1'25Q2'25: ₹6,672 Cr · -1% YoY6,672-1%Q2'25Q3'25: ₹7,732 Cr · +11.1% YoY7,732+11.1%Q3'25Q4'25: ₹6,634 Cr · +1.9% YoY6,634+1.9%Q4'25Q1'26: ₹6,295 Cr · +0.9% YoY6,295+0.9%Q1'26Q2'26: ₹7,199 Cr · +7.9% YoY7,199+7.9%Q2'26Q3'26: ₹7,942 Cr · +2.7% YoY7,942+2.7%Q3'26Q4'26: ₹6,855 Cr · +3.3% YoY6,855+3.3%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹27,816 Cr ₹27,276 Cr ₹26,018 Cr ₹27,815 Cr ₹31,062 Cr ₹27,419 Cr ₹28,824 Cr
Other Income ₹478 Cr ₹336 Cr ₹225 Cr ₹73.1 Cr ₹35.5 Cr ₹39.6 Cr ₹22 Cr
Total Income ₹28,294 Cr ₹27,612 Cr ₹26,243 Cr ₹27,889 Cr ₹31,097 Cr ₹27,458 Cr ₹28,846 Cr
Cost of Materials Consumed ₹6,007 Cr ₹5,443 Cr ₹5,254 Cr ₹5,337 Cr ₹4,796.9 Cr ₹3,973.1 Cr ₹4,639.8 Cr
Purchases of Stock-in-Trade ₹808 Cr ₹864 Cr ₹675 Cr ₹864.2 Cr ₹577.3 Cr ₹349.4 Cr ₹290.7 Cr
Changes in Inventories -₹141 Cr ₹90 Cr ₹119 Cr -₹137.1 Cr -₹82.7 Cr ₹133.1 Cr ₹98.4 Cr
Employee Benefit Expense ₹635 Cr ₹609 Cr ₹547 Cr ₹610 Cr ₹653.1 Cr ₹556.4 Cr ₹530 Cr
Finance Costs ₹158 Cr ₹89 Cr ₹76 Cr ₹103.9 Cr ₹88 Cr ₹187.6 Cr ₹212 Cr
Depreciation & Amortisation ₹289 Cr ₹283 Cr ₹275 Cr ₹282.5 Cr ₹303.8 Cr ₹299.1 Cr ₹285.3 Cr
Other Expenses ₹18,221 Cr ₹18,027 Cr ₹17,422 Cr ₹19,724 Cr ₹23,509 Cr ₹21,354 Cr ₹21,693 Cr
Total Expenses ₹25,977 Cr ₹25,405 Cr ₹24,368 Cr ₹26,785 Cr ₹29,846 Cr ₹26,853 Cr ₹27,749 Cr
Profit Before Exceptional Items & Tax ₹2,317 Cr ₹2,207 Cr ₹1,875 Cr ₹1,103.6 Cr ₹1,251.8 Cr ₹605.6 Cr ₹1,097 Cr
Exceptional Items -₹91 Cr -₹65 Cr -₹17 Cr ₹176.4 Cr -₹165.2 Cr -₹64.3 Cr ₹66.6 Cr
Profit Before Tax ₹2,226 Cr ₹2,142 Cr ₹1,858 Cr ₹1,280 Cr ₹1,086.6 Cr ₹541.3 Cr ₹1,163.6 Cr
Total Tax Expense ₹510 Cr ₹553 Cr ₹449 Cr ₹152.8 Cr ₹276 Cr ₹177.9 Cr ₹539.7 Cr
Net Profit ₹1,838 Cr ₹1,582 Cr ₹1,408 Cr ₹1,125.8 Cr ₹810.6 Cr ₹362.1 Cr ₹620.6 Cr
  attributable to Owners ₹1,838.29 Cr ₹1,582 Cr ₹1,408 Cr ₹1,136.3 Cr ₹828.6 Cr ₹383.6 Cr ₹658.9 Cr
  attributable to NCI -₹29 Lakh ₹0 ₹0 -₹10.5 Cr -₹18 Cr -₹21.5 Cr -₹38.3 Cr
Other Comprehensive Income ₹9 Cr ₹0 -₹3 Cr -₹2.2 Cr ₹12.4 Cr ₹6.3 Cr -₹22 Cr
Total Comprehensive Income ₹1,847 Cr ₹1,582 Cr ₹1,405 Cr ₹1,123.6 Cr ₹823 Cr ₹368.4 Cr ₹598.6 Cr
EBITDA (computed) ₹2,764 Cr ₹2,579 Cr ₹2,226 Cr ₹1,490 Cr ₹1,643.6 Cr ₹1,092.3 Cr ₹1,594.3 Cr
Basic EPS ₹24.07 ₹22.28 ₹19.83 ₹16.01 ₹11.68 ₹5.41 ₹9.29
Diluted EPS ₹24.07 ₹22.28 ₹19.83 ₹16.01 ₹11.68 ₹5.41 ₹9.29
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹14,469 Cr ₹13,248 Cr ₹11,249 Cr ₹9,761.5 Cr
Non-current Assets ₹3,906 Cr ₹4,046 Cr ₹3,872 Cr ₹3,526.9 Cr
Current Assets ₹9,862 Cr ₹9,202 Cr ₹7,377 Cr ₹6,234.6 Cr
Property, Plant & Equipment ₹1,215 Cr ₹1,307 Cr ₹1,071 Cr ₹1,150.9 Cr
Inventories ₹2,668 Cr ₹2,305 Cr ₹2,063 Cr ₹2,230 Cr
Trade Receivables ₹3,609 Cr ₹3,410 Cr ₹3,056 Cr ₹2,434 Cr
Cash & Equivalents ₹859 Cr ₹1,328 Cr ₹1,052 Cr ₹115.1 Cr
Equity (Net Worth) ₹8,957 Cr ₹8,104 Cr ₹7,121 Cr ₹5,999.5 Cr
Equity Share Capital ₹145 Cr ₹145 Cr ₹145 Cr ₹145.5 Cr
Borrowings (Non-current) ₹0 ₹0 ₹0 ₹30 Lakh
Borrowings (Current) ₹6 Cr ₹0 ₹25 Cr ₹80 Lakh
Total Debt (computed) ₹6 Cr ₹0 ₹25 Cr ₹1.1 Cr
Current Liabilities ₹4,818 Cr ₹4,722 Cr ₹3,903 Cr ₹3,624.3 Cr
Total Liabilities ₹5,512 Cr ₹5,144 Cr ₹4,128 Cr ₹3,762 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹1,459 Cr ₹1,947 Cr ₹1,118 Cr ₹614.7 Cr ₹977.4 Cr
Investing Cash Flow -₹428 Cr -₹1,114 Cr ₹226 Cr -₹53.2 Cr -₹312.7 Cr
Financing Cash Flow -₹1,450 Cr -₹557 Cr -₹407 Cr -₹500.9 Cr -₹688 Cr
Capital Expenditure ₹181 Cr ₹162 Cr ₹98 Cr ₹136.6 Cr ₹134 Cr
Free Cash Flow (computed) ₹1,278 Cr ₹1,785 Cr ₹1,020 Cr ₹478.1 Cr ₹843.4 Cr
Dividends Paid ₹1,263 Cr ₹355 Cr ₹284 Cr ₹0 ₹0
Net Change in Cash -₹419 Cr ₹276 Cr ₹937 Cr ₹60.6 Cr -₹23.3 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹6,855 Cr ₹7,942 Cr ₹7,199 Cr ₹6,295 Cr ₹6,634 Cr ₹7,732 Cr ₹6,672 Cr ₹6,238 Cr ₹6,511 Cr ₹6,962 Cr ₹6,736.5 Cr ₹5,808.4 Cr
Other Income ₹295 Cr ₹51 Cr ₹81 Cr ₹72 Cr ₹175 Cr ₹72 Cr ₹54 Cr ₹35 Cr ₹111 Cr ₹52.1 Cr ₹40.1 Cr ₹21.7 Cr
Total Income ₹7,150 Cr ₹7,993 Cr ₹7,280 Cr ₹6,367 Cr ₹6,809 Cr ₹7,804 Cr ₹6,726 Cr ₹6,273 Cr ₹6,622 Cr ₹7,014.1 Cr ₹6,776.6 Cr ₹5,830.1 Cr
Cost of Materials Consumed ₹1,736 Cr ₹1,448 Cr ₹1,638 Cr ₹1,185 Cr ₹1,402 Cr ₹1,493 Cr ₹1,460 Cr ₹1,088 Cr ₹1,358 Cr ₹1,308.8 Cr ₹1,526.8 Cr ₹1,060.1 Cr
Purchases of Stock-in-Trade ₹90 Cr ₹151 Cr ₹432 Cr ₹135 Cr ₹185 Cr ₹343 Cr ₹195 Cr ₹141 Cr ₹155 Cr ₹220.6 Cr ₹234.9 Cr ₹64.7 Cr
Changes in Inventories -₹219 Cr ₹361 Cr -₹392 Cr ₹108 Cr ₹49 Cr ₹61 Cr -₹97 Cr ₹77 Cr -₹2 Cr ₹162 Cr -₹140.7 Cr ₹99.7 Cr
Employee Benefit Expense ₹142 Cr ₹177 Cr ₹179 Cr ₹137 Cr ₹137 Cr ₹174 Cr ₹163 Cr ₹135 Cr ₹135 Cr ₹142.2 Cr ₹143.9 Cr ₹125.8 Cr
Finance Costs ₹69 Cr ₹19 Cr ₹21 Cr ₹49 Cr ₹22 Cr ₹20 Cr ₹25 Cr ₹22 Cr ₹29 Cr ₹16.4 Cr ₹26.2 Cr ₹4.3 Cr
Depreciation & Amortisation ₹76 Cr ₹80 Cr ₹65 Cr ₹76 Cr ₹70 Cr ₹72 Cr ₹69 Cr ₹72 Cr ₹73 Cr ₹62.8 Cr ₹65.3 Cr ₹74.3 Cr
Other Expenses ₹4,513 Cr ₹5,206 Cr ₹4,682 Cr ₹4,086 Cr ₹4,401 Cr ₹5,093 Cr ₹4,449 Cr ₹4,084 Cr ₹4,531 Cr ₹4,641.9 Cr ₹4,504.9 Cr ₹3,744.6 Cr
Total Expenses ₹6,407 Cr ₹7,442 Cr ₹6,625 Cr ₹5,776 Cr ₹6,266 Cr ₹7,256 Cr ₹6,264 Cr ₹5,619 Cr ₹6,279 Cr ₹6,554.7 Cr ₹6,361.3 Cr ₹5,173.5 Cr
Profit Before Exceptional Items & Tax ₹743 Cr ₹551 Cr ₹655 Cr ₹591 Cr ₹543 Cr ₹548 Cr ₹462 Cr ₹654 Cr ₹343 Cr ₹459.4 Cr ₹415.3 Cr ₹656.6 Cr
Exceptional Items -₹40 Cr -₹10 Cr -₹30 Cr -₹14 Cr ₹0 -₹65 Cr ₹0 ₹0 -₹31 Cr ₹0 ₹30.7 Cr -₹17.1 Cr
Profit Before Tax ₹703 Cr ₹541 Cr ₹625 Cr ₹577 Cr ₹543 Cr ₹483 Cr ₹462 Cr ₹654 Cr ₹312 Cr ₹459.4 Cr ₹446 Cr ₹639.5 Cr
Total Tax Expense ₹135 Cr ₹123 Cr ₹160 Cr ₹154 Cr ₹121 Cr ₹145 Cr ₹119 Cr ₹168 Cr ₹71 Cr ₹109.1 Cr ₹106.3 Cr ₹162.3 Cr
Net Profit ₹539 Cr ₹417.7 Cr ₹464 Cr ₹417 Cr ₹421 Cr ₹335 Cr ₹341 Cr ₹485 Cr ₹241 Cr ₹350.2 Cr ₹339.3 Cr ₹476.7 Cr
  attributable to Owners ₹538.95 Cr ₹417.84 Cr ₹464.23 Cr ₹416.97 Cr ₹421 Cr ₹0 ₹341 Cr ₹485 Cr ₹241 Cr ₹350.2 Cr ₹339.3 Cr ₹476.7 Cr
  attributable to NCI ₹5 Lakh -₹14 Lakh -₹23.2 Lakh ₹3 Lakh ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Other Comprehensive Income ₹2 Cr ₹1 Cr ₹1 Cr ₹5 Cr ₹2 Cr -₹5 Cr ₹4 Cr -₹1 Cr -₹1 Cr ₹3 Cr -₹4.7 Cr -₹30 Lakh
Total Comprehensive Income ₹541 Cr ₹418.7 Cr ₹465 Cr ₹422 Cr ₹423 Cr ₹330 Cr ₹345 Cr ₹484 Cr ₹240 Cr ₹353.2 Cr ₹334.6 Cr ₹476.4 Cr
EBITDA (computed) ₹888 Cr ₹650 Cr ₹741 Cr ₹716 Cr ₹635 Cr ₹640 Cr ₹556 Cr ₹748 Cr ₹445 Cr ₹538.6 Cr ₹506.8 Cr ₹735.2 Cr
Basic EPS ₹8.00 ₹5.88 ₹6.53 ₹5.87 ₹5.93 ₹4.72 ₹4.80 ₹6.83 ₹3.40 ₹4.93 ₹4.78 ₹6.71
Diluted EPS ₹8.00 ₹5.88 ₹6.53 ₹5.87 ₹5.93 ₹4.72 ₹4.80 ₹6.83 ₹3.40 ₹4.93 ₹4.78 ₹6.71
Latest 12 quarters shown of 25 on record.
Segment · Q4 FY26 (latest quarter) Revenue Result (PBIT) Assets Liabilities
Beverage alcohol ₹3,054 Cr ₹593 Cr ₹13,793 Cr ₹5,185 Cr
Sports ₹64 Cr -₹51 Cr ₹678 Cr ₹329 Cr
Segment · FY 2026 (annual) Revenue Result (PBIT) Assets Liabilities
Beverage alcohol ₹12,467 Cr ₹2,286 Cr - -
Sports ₹545 Cr ₹159 Cr - -
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹27,781 Cr ₹26,780 Cr ₹25,389 Cr ₹27,578 Cr ₹30,731 Cr ₹27,176 Cr ₹28,589 Cr
Other Income ₹576 Cr ₹426 Cr ₹335 Cr ₹74.2 Cr ₹41.5 Cr ₹47.8 Cr ₹45.5 Cr
Total Income ₹28,357 Cr ₹27,206 Cr ₹25,724 Cr ₹27,652 Cr ₹30,773 Cr ₹27,224 Cr ₹28,635 Cr
Cost of Materials Consumed ₹5,998 Cr ₹5,443 Cr ₹5,254 Cr ₹5,337 Cr ₹4,799.2 Cr ₹3,988.6 Cr ₹4,623.9 Cr
Purchases of Stock-in-Trade ₹808 Cr ₹864 Cr ₹675 Cr ₹864.2 Cr ₹577.3 Cr ₹349.4 Cr ₹290.7 Cr
Changes in Inventories -₹140 Cr ₹90 Cr ₹119 Cr -₹129.4 Cr -₹86.1 Cr ₹130.2 Cr ₹107.4 Cr
Employee Benefit Expense ₹623 Cr ₹605 Cr ₹543 Cr ₹607.1 Cr ₹633.5 Cr ₹540.4 Cr ₹514.3 Cr
Finance Costs ₹158 Cr ₹89 Cr ₹76 Cr ₹103.9 Cr ₹64.9 Cr ₹165.8 Cr ₹190.7 Cr
Depreciation & Amortisation ₹283 Cr ₹274 Cr ₹264 Cr ₹270.6 Cr ₹254.2 Cr ₹249.3 Cr ₹227.5 Cr
Other Expenses ₹18,196 Cr ₹17,720 Cr ₹17,090 Cr ₹19,480 Cr ₹23,297 Cr ₹21,180 Cr ₹21,547 Cr
Total Expenses ₹25,926 Cr ₹25,085 Cr ₹24,021 Cr ₹26,533 Cr ₹29,540 Cr ₹26,604 Cr ₹27,501 Cr
Profit Before Exceptional Items & Tax ₹2,431 Cr ₹2,121 Cr ₹1,703 Cr ₹1,118.4 Cr ₹1,233.1 Cr ₹620.4 Cr ₹1,133.4 Cr
Exceptional Items -₹91 Cr -₹65 Cr -₹17 Cr ₹170.9 Cr -₹209.1 Cr -₹151.4 Cr ₹1.3 Cr
Profit Before Tax ₹2,340 Cr ₹2,056 Cr ₹1,686 Cr ₹1,289.3 Cr ₹1,024 Cr ₹469 Cr ₹1,134.7 Cr
Total Tax Expense ₹510 Cr ₹498 Cr ₹374 Cr ₹237.6 Cr ₹254.2 Cr ₹158.7 Cr ₹430 Cr
Net Profit ₹1,830 Cr ₹1,558 Cr ₹1,312 Cr ₹1,051.7 Cr ₹769.8 Cr ₹310.3 Cr ₹704.7 Cr
Other Comprehensive Income -₹1 Cr -₹2 Cr -₹2 Cr -₹50 Lakh ₹12.3 Cr ₹5.7 Cr -₹27.4 Cr
Total Comprehensive Income ₹1,829 Cr ₹1,556 Cr ₹1,310 Cr ₹1,051.2 Cr ₹782.1 Cr ₹316 Cr ₹677.3 Cr
EBITDA (computed) ₹2,872 Cr ₹2,484 Cr ₹2,043 Cr ₹1,492.9 Cr ₹1,552.2 Cr ₹1,035.5 Cr ₹1,551.6 Cr
Basic EPS ₹25.16 ₹21.42 ₹18.04 ₹14.46 ₹10.59 ₹4.27 ₹9.70
Diluted EPS ₹25.16 ₹21.42 ₹18.04 ₹14.46 ₹10.59 ₹4.27 ₹9.70
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹13,864 Cr ₹12,718 Cr ₹10,742 Cr ₹9,571.4 Cr
Non-current Assets ₹4,060 Cr ₹3,901 Cr ₹3,724 Cr ₹3,350.2 Cr
Current Assets ₹9,737 Cr ₹8,817 Cr ₹7,018 Cr ₹6,221.2 Cr
Property, Plant & Equipment ₹1,212 Cr ₹1,307 Cr ₹1,071 Cr ₹1,150.9 Cr
Inventories ₹2,659 Cr ₹2,305 Cr ₹2,063 Cr ₹2,230 Cr
Trade Receivables ₹3,592 Cr ₹3,288 Cr ₹2,763 Cr ₹2,382.8 Cr
Cash & Equivalents ₹855 Cr ₹1,150 Cr ₹1,021 Cr ₹81.4 Cr
Equity (Net Worth) ₹8,721 Cr ₹7,879 Cr ₹6,963 Cr ₹5,944.5 Cr
Equity Share Capital ₹145 Cr ₹145 Cr ₹145 Cr ₹145.5 Cr
Borrowings (Non-current) ₹0 ₹0 ₹0 ₹30 Lakh
Borrowings (Current) ₹0 ₹0 ₹0 ₹80 Lakh
Total Debt (computed) ₹0 ₹0 ₹0 ₹1.1 Cr
Current Liabilities ₹4,797 Cr ₹4,489 Cr ₹3,627 Cr ₹3,534.3 Cr
Total Liabilities ₹5,143 Cr ₹4,839 Cr ₹3,779 Cr ₹3,626.9 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹1,483 Cr ₹1,606 Cr ₹913 Cr ₹576.6 Cr ₹888.5 Cr
Investing Cash Flow -₹335 Cr -₹950 Cr ₹466 Cr -₹21.3 Cr -₹227.2 Cr
Financing Cash Flow -₹1,443 Cr -₹527 Cr -₹439 Cr -₹500.9 Cr -₹683.5 Cr
Capital Expenditure ₹181 Cr ₹162 Cr ₹98 Cr ₹139.7 Cr ₹115.2 Cr
Free Cash Flow (computed) ₹1,302 Cr ₹1,444 Cr ₹815 Cr ₹436.9 Cr ₹773.3 Cr
Dividends Paid ₹1,263 Cr ₹350 Cr ₹291 Cr ₹0 ₹0
Net Change in Cash -₹295 Cr ₹129 Cr ₹940 Cr ₹54.4 Cr -₹22.2 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹6,838 Cr ₹7,928 Cr ₹7,192 Cr ₹5,823 Cr ₹6,549 Cr ₹7,731 Cr ₹6,671 Cr ₹5,829 Cr ₹6,394 Cr ₹6,949.2 Cr ₹6,733.8 Cr ₹5,312.5 Cr
Other Income ₹295 Cr ₹144 Cr ₹76 Cr ₹61 Cr ₹170 Cr ₹190 Cr ₹34 Cr ₹32 Cr ₹229 Cr ₹46.1 Cr ₹38.8 Cr ₹20.9 Cr
Total Income ₹7,133 Cr ₹8,072 Cr ₹7,268 Cr ₹5,884 Cr ₹6,719 Cr ₹7,921 Cr ₹6,705 Cr ₹5,861 Cr ₹6,623 Cr ₹6,995.3 Cr ₹6,772.6 Cr ₹5,333.4 Cr
Cost of Materials Consumed ₹1,729 Cr ₹1,447 Cr ₹1,637 Cr ₹1,185 Cr ₹1,402 Cr ₹1,493 Cr ₹1,460 Cr ₹1,088 Cr ₹1,358 Cr ₹1,308.8 Cr ₹1,526.8 Cr ₹1,060.1 Cr
Purchases of Stock-in-Trade ₹90 Cr ₹151 Cr ₹432 Cr ₹135 Cr ₹185 Cr ₹343 Cr ₹195 Cr ₹141 Cr ₹155 Cr ₹220.6 Cr ₹234.9 Cr ₹64.7 Cr
Changes in Inventories -₹213 Cr ₹357 Cr -₹392 Cr ₹108 Cr ₹49 Cr ₹61 Cr -₹97 Cr ₹77 Cr -₹2 Cr ₹162 Cr -₹140.7 Cr ₹99.7 Cr
Employee Benefit Expense ₹140 Cr ₹172 Cr ₹175 Cr ₹136 Cr ₹137 Cr ₹173 Cr ₹162 Cr ₹133 Cr ₹134 Cr ₹141 Cr ₹142.9 Cr ₹124.9 Cr
Finance Costs ₹69 Cr ₹19 Cr ₹21 Cr ₹49 Cr ₹22 Cr ₹20 Cr ₹25 Cr ₹22 Cr ₹29 Cr ₹16.4 Cr ₹26.2 Cr ₹4.3 Cr
Depreciation & Amortisation ₹71 Cr ₹79 Cr ₹65 Cr ₹68 Cr ₹68 Cr ₹72 Cr ₹69 Cr ₹65 Cr ₹71 Cr ₹62.8 Cr ₹65.3 Cr ₹65 Cr
Other Expenses ₹4,501 Cr ₹5,183 Cr ₹4,668 Cr ₹3,844 Cr ₹4,271 Cr ₹5,073 Cr ₹4,444 Cr ₹3,932 Cr ₹4,387 Cr ₹4,625.4 Cr ₹4,499.8 Cr ₹3,578 Cr
Total Expenses ₹6,387 Cr ₹7,408 Cr ₹6,606 Cr ₹5,525 Cr ₹6,134 Cr ₹7,235 Cr ₹6,258 Cr ₹5,458 Cr ₹6,132 Cr ₹6,537 Cr ₹6,355.2 Cr ₹4,996.7 Cr
Profit Before Exceptional Items & Tax ₹746 Cr ₹664 Cr ₹662 Cr ₹359 Cr ₹585 Cr ₹686 Cr ₹447 Cr ₹403 Cr ₹491 Cr ₹458.3 Cr ₹417.4 Cr ₹336.7 Cr
Exceptional Items -₹40 Cr -₹10 Cr -₹30 Cr -₹11 Cr ₹0 -₹65 Cr ₹0 ₹0 -₹31 Cr ₹0 ₹30.7 Cr -₹17.1 Cr
Profit Before Tax ₹706 Cr ₹654 Cr ₹632 Cr ₹348 Cr ₹585 Cr ₹621 Cr ₹447 Cr ₹403 Cr ₹460 Cr ₹458.3 Cr ₹448.1 Cr ₹319.6 Cr
Total Tax Expense ₹135 Cr ₹125 Cr ₹160 Cr ₹90 Cr ₹134 Cr ₹148 Cr ₹112 Cr ₹104 Cr ₹76 Cr ₹110.2 Cr ₹106.8 Cr ₹81.4 Cr
Net Profit ₹571 Cr ₹529 Cr ₹472 Cr ₹258 Cr ₹451 Cr ₹473 Cr ₹335 Cr ₹299 Cr ₹384 Cr ₹348.1 Cr ₹341.3 Cr ₹238.2 Cr
Other Comprehensive Income -₹1 Cr ₹0 ₹0 ₹0 -₹2 Cr ₹0 ₹0 ₹0 ₹3 Cr ₹0 -₹5 Cr ₹0
Total Comprehensive Income ₹570 Cr ₹529 Cr ₹472 Cr ₹258 Cr ₹449 Cr ₹473 Cr ₹335 Cr ₹299 Cr ₹387 Cr ₹348.1 Cr ₹336.3 Cr ₹238.2 Cr
EBITDA (computed) ₹886 Cr ₹762 Cr ₹748 Cr ₹476 Cr ₹675 Cr ₹778 Cr ₹541 Cr ₹490 Cr ₹591 Cr ₹537.5 Cr ₹508.9 Cr ₹406 Cr
Basic EPS ₹7.85 ₹7.27 ₹6.49 ₹3.55 ₹6.20 ₹6.50 ₹4.61 ₹4.11 ₹5.28 ₹4.79 ₹4.69 ₹3.27
Diluted EPS ₹7.85 ₹7.27 ₹6.49 ₹3.55 ₹6.20 ₹6.50 ₹4.61 ₹4.11 ₹5.28 ₹4.79 ₹4.69 ₹3.27
Latest 12 quarters shown of 24 on record.
Want more history and ratios?
You're viewing the latest exchange-filed financials for United Spirits Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
10+ years of history 20+ ratios & benchmarks Downloadable PDF

Shareholding Pattern of United Spirits Limited

As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 56.67%, foreign institutional investors hold 14.41%, domestic institutional investors hold 15.37%, retail and other public shareholders hold 13.54% of United Spirits Limited. The company had 292,661 shareholders on record.

Promoters: 56.67%DII (Domestic Institutional): 15.37%FII (Foreign Institutional): 14.41%Retail & Others: 13.54%
Mar 2026
QUARTER
56.67% Promoters
15.37% DII (Domestic Institutional)
14.41% FII (Foreign Institutional)
13.54% Retail & Others
Promoter holding - history
Now 56.67% · Mar 2026High 59.07% · Dec 2015Low 56.67% · Sep 2023
55%56.5%58%59.5%61%Dec 2015Jun 2018Dec 2020Jun 2023Dec 2025Dec 2015: 59.07%Mar 2016: 58.80%Jun 2016: 58.78%Sep 2016: 58.78%Dec 2016: 58.73%Mar 2017: 58.48%Jun 2017: 58.48%Sep 2017: 58.48%Dec 2017: 58.48%Mar 2018: 58.48%Jun 2018: 56.76%Sep 2018: 56.76%Dec 2018: 56.76%Mar 2019: 56.76%Jun 2019: 56.76%Sep 2019: 56.76%Dec 2019: 56.76%Mar 2020: 56.76%Jun 2020: 56.76%Sep 2020: 56.76%Dec 2020: 56.76%Mar 2021: 56.76%Jun 2021: 56.76%Sep 2021: 56.73%Dec 2021: 56.73%Mar 2022: 56.73%Jun 2022: 56.73%Sep 2022: 56.73%Dec 2022: 56.73%Mar 2023: 56.68%Jun 2023: 56.68%Sep 2023: 56.67%Dec 2023: 56.67%Mar 2024: 56.67%Jun 2024: 56.67%Sep 2024: 56.67%Dec 2024: 56.67%Mar 2025: 56.67%Jun 2025: 56.67%Sep 2025: 56.67%Dec 2025: 56.67%Mar 2026: 56.67%59.07%56.67%56.67%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters56.67%56.67%56.67%56.67%56.67%56.67%
Public43.33%43.33%43.33%43.33%43.33%43.33%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016
Promoters56.67%56.67%56.67%56.68%56.73%56.76%56.76%56.76%58.48%58.48%58.80%
Public43.33%43.33%43.33%43.32%43.27%43.24%43.25%43.24%41.52%41.52%41.20%
Promoter change (YoY, %pts)+0.00+0.00-0.01-0.05-0.03+0.00+0.00-1.72+0.00-0.32-

Board & Governance of United Spirits Limited

As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of United Spirits Limited has 10 directors - 5 independent and 2 executive. The board is chaired by Vegulaparanan Kasi Viswanathan.

DirectorPositionOn board sinceListed boards
Vegulaparanan Kasi Viswanathan Non-Executive - Independent Director · Chairperson 2016-10-17 2
Praveen Someshwar Executive Director · CEO-MD 2025-04-01 1
Pradeep Jain Executive Director 2023-02-01 1
Mark Dominic Sandys Non-Executive - Non Independent Director 2022-04-01 1
Preeti Arora Non-Executive - Non Independent Director 2024-10-01 1
Julie Bramham Non-Executive - Non Independent Director 2026-01-21 1
Amrita Gangotra Non-Executive - Independent Director 2024-09-01 6
Indu Bhushan Non-Executive - Independent Director 2024-03-01 5
Mukesh Hari Butani Non-Executive - Independent Director 2024-03-01 6
Narayan Keelveedhi Seshadri Non-Executive - Independent Director 2025-10-09 6
Board Committees
CommitteeMembers
Audit Committee Narayan Keelveedhi Seshadri (Chairperson), Vegulaparanan Kasi Viswanathan, Mukesh Hari Butani, Preeti Arora
Nomination and remuneration committee Amrita Gangotra (Chairperson), Vegulaparanan Kasi Viswanathan, Indu Bhushan
Stakeholders Relationship Committee Amrita Gangotra (Chairperson), Pradeep Jain, Mukesh Hari Butani
Risk Management Committee Praveen Someshwar (Chairperson), Pradeep Jain, Indu Bhushan, Mukesh Hari Butani, Narayan Keelveedhi Seshadri
Corporate Social Responsibility Committee Indu Bhushan (Chairperson), Praveen Someshwar, Mark Dominic Sandys, Narayan Keelveedhi Seshadri
Committee of Directors Vegulaparanan Kasi Viswanathan (Chairperson), Preeti Arora, Mukesh Hari Butani, Narayan Keelveedhi Seshadri, Praveen Someshwar, Amrita Gangotra

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.

1
Subsidiary companies
1
Associated companies
Key Subsidiaries
Company Name CIN Shares Held
Royal Challengers Sports Private Limited U92400KA2008PTC045565 -

Showing major subsidiaries. Total: 1.

Charges & Borrowings of United Spirits Limited

Open charges
₹1,403.31 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
State Bank of Patiala₹0.65 Cr
Latest charge details
DateLenderAmountStatus
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 count
1,876
Active EPFO establishments
5
Employee growth
0.37%
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of United Spirits Limited

Access employee headcount trends, monthly PF payment records, EPFO establishment details, and compliance data.

Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
Year-wise workforce analytics & attrition trends
PF exemption, coverage & compliance verification

GST Compliance of United Spirits Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of United Spirits Limited

Access GSTIN registrations, state-wise filing compliance, HSN/SAC codes, and detailed goods & services data.

GSTIN registrations & state-wise presence
Filing compliance - GSTR-1, GSTR-3B, GSTR-9
HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for United Spirits Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of United Spirits Limited

Access complete credit rating history, litigation records, regulatory alerts, and compliance data.

Credit rating history across CARE, ICRA, Brickwork & India Ratings
Instrument-wise ratings, outlook & action timeline
Court-wise litigation (District, High Court, Supreme Court, NCLT)
Group company & common directorship litigation
Statutory compliance alerts (GSTIN, EPFO, ROC)
Director & company violations (MCA, SEBI, Banks, BSE/NSE)

MSME Payment Delays by United Spirits Limited

MSME Payment Delays by United Spirits Limited

Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.

Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of United Spirits Limited

Subsidiaries & Group Companies of United Spirits Limited

See the full corporate group - holding company, subsidiaries, associates and joint ventures of United Spirits Limited with ownership details.

Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of United Spirits Limited

MCA Filings & Documents of United Spirits Limited

Download official documents filed with the Ministry of Corporate Affairs - from incorporation papers to the latest annual filings.

Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on United Spirits Limited

Directors
09 Oct 2025
Narayan Keelveedhi Seshadri was appointed as a Director on 09 Oct 2025 & has been associated with this company since 8 months 29 days.
Activity
29 Aug 2025
United Spirits Limited last Annual general meeting of members was held on 29 Aug 2025 as per latest MCA records.
Directors
01 Apr 2025
Praveen Someshwar was appointed as a CEO on 01 Apr 2025 & has been associated with this company since 1 year 3 months.
Activity
31 Mar 2025
United Spirits Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Directors
01 Oct 2024
Preeti Arora was appointed as a Director on 01 Oct 2024 & has been associated with this company since 1 year 9 months.
Directors
01 Sep 2024
Amrita Gangotra was appointed as a Director on 01 Sep 2024 & has been associated with this company since 1 year 10 months.

Recent News on United Spirits Limited

Stocks that will see action today: January 23, 2025
23 Jan 2025 · Thehindubusinessline

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 ₹27,652 Cr for FY 2023 (down 10.14% YoY).

The current directors of United Spirits Limited are:

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.

7M+ Indian companies. One platform.

Financials, directors, compliance, charges and shareholding - sourced from MCA, SEBI and RBI filings.

Subscription plans available