United Spirits Ltd. Q3 FY2026 results: revenue ₹7,942 crore, up 2.7% on the year
United Spirits Ltd. (UNITDSPR) reported consolidated revenue from operations of ₹7,942 crore for Q3 FY2026, the quarter ended 31 December 2025, up 2.7% on the same quarter a year earlier. Profit after tax was ₹418 crore, up 24.7% on the year, and earnings per share ₹5.88. The figures are the company's own, from the un-audited results it filed with NSE on .
The quarter, against the one before and a year earlier
| Line | Q3 FY2026 | Q2 FY2026 | Q3 FY2025 | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 7,942 | 7,199 | 7,732 | +2.7% |
| Other income | 51 | 81 | 72 | -29.2% |
| Total income | 7,993 | 7,280 | 7,804 | +2.4% |
| Cost of materials consumed | 1,448 | 1,638 | 1,493 | -3.0% |
| Purchases of stock-in-trade | 151 | 432 | 343 | -56.0% |
| Changes in inventories | 361 | -392 | 61 | +491.8% |
| Employee benefit expense | 177 | 179 | 174 | +1.7% |
| Finance costs | 19 | 21 | 20 | -5.0% |
| Depreciation, depletion and amortisation | 80 | 65 | 72 | +11.1% |
| Other expenses | 435 | 413 | 5,093 | -91.5% |
| Total expenses | 7,442 | 6,625 | 7,256 | +2.6% |
| Profit before exceptional items and tax | 551 | 655 | 548 | +0.5% |
| Exceptional items | -10 | -30 | -65 | n/a |
| Profit before tax | 541 | 625 | 483 | +12.0% |
| Current tax | 163 | 164 | 146 | +11.6% |
| Deferred tax | -40 | -4 | -1 | n/a |
| Total tax | 123 | 160 | 145 | -15.2% |
| Profit after tax | 418 | 464 | 335 | +24.7% |
| Attributable to owners of the parent | 418 | 464 | 0 | n/a |
| Other comprehensive income | 1 | 1 | -5 | n/a |
| Total comprehensive income | 419 | 465 | 330 | +26.9% |
| EPS, basic | ₹5.88 | ₹6.53 | ₹4.72 | +24.6% |
| EPS, diluted | ₹5.88 | ₹6.53 | ₹4.72 | +24.6% |
₹ crore except per share.
Segments, Q3 FY2026
| Segment | Revenue ₹ crore | Share of segment revenue | Result ₹ crore | Result over revenue |
|---|---|---|---|---|
| Beverage alcohol | 3,691 | 100.0% | 614 | 16.6% |
| Sports | 0 | n/a | -15 | n/a |
Segment revenue and segment result as the company filed them, before inter-segment eliminations; share and result over revenue are arithmetic on those.
Quarterly results, the last 12 quarters
| Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6,736 | 6,962 | 6,511 | 6,238 | 6,672 | 7,732 | 6,634 | 6,295 | 7,199 | 7,942 | 6,855 | 6,122 |
| Expenses | 6,361 | 6,555 | 6,279 | 5,619 | 6,264 | 7,256 | 6,266 | 5,776 | 6,625 | 7,442 | 6,407 | 5,795 |
| Operating profit | 467 | 487 | 334 | 713 | 502 | 568 | 460 | 644 | 660 | 599 | 593 | 429 |
| OPM % | 7% | 7% | 5% | 11% | 8% | 7% | 7% | 10% | 9% | 8% | 9% | 7% |
| Other income | 40 | 52 | 111 | 35 | 54 | 72 | 175 | 72 | 81 | 51 | 295 | 73 |
| Interest | 26 | 16 | 29 | 22 | 25 | 20 | 22 | 49 | 21 | 19 | 69 | 30 |
| Depreciation | 65 | 63 | 73 | 72 | 69 | 72 | 70 | 76 | 65 | 80 | 76 | 72 |
| Exceptional items | 31 | 0 | -31 | 0 | 0 | -65 | 0 | -14 | -30 | -10 | -40 | -81 |
| Profit before tax | 446 | 459 | 312 | 654 | 462 | 483 | 543 | 577 | 625 | 541 | 703 | 319 |
| Tax % | 24% | 24% | 23% | 26% | 26% | 30% | 22% | 27% | 26% | 23% | 19% | 26% |
| Net profit | 339 | 350 | 241 | 485 | 341 | 335 | 421 | 417 | 464 | 418 | 539 | 462 |
| EPS in ₹ | ₹4.78 | ₹4.93 | ₹3.40 | ₹6.83 | ₹4.80 | ₹4.72 | ₹5.93 | ₹5.87 | ₹6.53 | ₹5.88 | ₹8.00 | ₹3.34 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.
Source
Un-audited consolidated results for the quarter ended 31 December 2025, filed with NSE on : the result statement. All of United Spirits Ltd.'s results: NSE company page.
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