United Spirits Limited has announced its unaudited standalone financial results for the first half and second quarter ended September 30, 2026. The company reported a 2.8% increase in Net Sales Value (NSV) for the second quarter to INR 3,258 Cr, and a 4.2% increase for the first half to INR 5,961 Cr. EBITDA saw a decline in Q2 FY27 but remained relatively stable for H1 FY27.
United Spirits Reports Financial Highlights for Q2 and H1 FY27
United Spirits Limited, a leading beverage alcohol company in India, has released its unaudited standalone financial results for the fiscal periods ending September 30, 2026. The company achieved notable growth in Net Sales Value (NSV) for both the second quarter and the first half of the fiscal year.
Q2 FY27 Performance
For the second quarter of fiscal year 2027 (Q2FY27), Net Sales Value (NSV) reached INR 3,258 Cr, marking a 2.8% increase year-on-year. The Prestige & Above (P&A) segment demonstrated strong growth, up 6.3%, contributing significantly to the overall NSV. However, the Popular segment experienced a decline of 22.7%, influenced by policy changes in Maharashtra and Karnataka. Gross profit saw a 4.7% increase, with gross margin expanding by 88 bps to 48.0%. EBITDA for the quarter was INR 643 Cr, down 4.3%, with EBITDA margin at 19.7%. Profit after tax stood at INR 462 Cr, a decrease of 2.1%.
H1 FY27 Performance
In the first half of fiscal year 2027 (H1FY27), Net Sales Value (NSV) grew by 4.2% to INR 5,961 Cr. The Prestige & Above segment was a key driver, with NSV up 7.8%. The Popular segment’s NSV declined by 20.6%. Gross profit increased by 7.5%, with gross margin at 47.1%. EBITDA for the half-year was INR 1,075 Cr, a marginal decrease of 1.1%, while the EBITDA margin was 18.0%. Profit after tax for H1 FY27 grew by a significant 16.8% to INR 853 Cr.
CEO Commentary
Mr. Praveen Someshwar, CEO & Managing Director, commented on the Q2FY27 performance, highlighting a resilient quarter despite prior-year comparatives and regulatory challenges. He noted the company’s continued investment in brands for long-term growth, the strategic relaunch of J&B Scotch, and the entry into the Ready-to-Drink (RTD) segment with Smirnoff Ice.
Segment Review
The Prestige & Above segment represented 93.5% of net sales value in H1 FY27 and 94.1% in Q2 FY27, showing a growth in value terms for both periods. The Popular segment’s share decreased, with a notable volume decline in both quarters.
Source: BSE
