United Spirits Ltd., one of the leading beverage alcohol companies in India, reported its unaudited standalone results for the first quarter ended 30 June 2026.
Key Highlights for the quarter (Q1FY27)
- Overall NSV at INR2,703 Cr. (+6.0%), with Prestige & Above (P&A) saliency of 91.7%
- P&A NSV at INR2,478 Cr. (+10.1%)
- EBITDA at INR432 Cr. (+4.1%) with a margin of 16.0%
- PAT at INR391 Cr. (+51.6%)
- Mr. Praveen Someshwar, CEO & Managing Director,, commenting on the Q1FY27 performance, said:
We have commenced fiscal 2027 on a strong note with double-digit growth in the Prestige & Above segment. Our consumer centric interventions give us confidence to increase growth further as the year progresses. We continue to future-proof our portfolio while creating enduring value for all our stakeholders.
Q1FY27 performance highlights:
Net sales at INR2,703 Cr., up 6.0% YoY. Within the above 6.0% growth, Prestige & Above segment grew a solid double-digit at 10.1%. This was on the back of Smirnoff local flavor innovation and broad-based growth across the portfolio. This was partially offset by the continuing impact of the adverse policy in Maharashtra.
NSV for the Popular segment at INR206 Cr., down 17.5%. This was driven by MML impact in Maharashtra as well as recent policy changes in Karnataka, which have adversely impacted the realisations in the segment owing to excise slab changes.
Gross profit grew 11.2% and reported gross margin was at 46.1%, an expansion of 212 bps over the previous year. This was on the back of sustained revenue growth management interventions, better mix, and productivity flow-through partially offset by the West Asia crisis led adverse impact.
A&P re-investment rate was 11.5% of net sales, reflecting healthy investments behind the portfolio trademarks.
EBITDA at INR432 Cr., up 4.1% year-on-year, impacted in the quarter by the West Asia impact
EBITDA margin at 16.0%, a contraction of 30bps over prior year same quarter. This was mainly on account of higher A&P investments.
Finance cost stands at INR30 Cr for the quarter and is primarily on account of customary non-debt related items.
Profit after tax at INR391 Cr., up 51.6%.
