United Spirits Limited reported a resilient fiscal 2026, with consolidated net sales value reaching INR 12,467 Cr, a 7.7% year-on-year increase. The company maintained a strong EBITDA margin of 18.4% on a standalone basis despite localized policy headwinds. Key strategic moves included the sale of its 100% stake in Royal Challengers Sports Private Limited. The Board has recommended a final dividend of INR 11.0 per share for the 2025-26 fiscal year.
Fiscal Year 2026 Financial Highlights
United Spirits Limited (USL) delivered a strong performance for the financial year ended 31 March 2026. On a consolidated basis, the company achieved a net sales value of INR 12,467 Cr, representing a growth of 7.7%. The consolidated EBITDA stood at INR 2,286 Cr, reflecting an 11.0% increase compared to the previous year. Profit after tax for the year was recorded at INR 1,709 Cr.
Standalone Operational Performance
On a standalone basis, USL reported total net sales of INR 12,448 Cr, a 7.6% year-on-year growth. The Prestige & Above segment emerged as a key growth driver, expanding by 8.6%. Excluding the impact of policy changes in Maharashtra and Andhra Pradesh, the rest of India delivered a healthy 10.9% growth. EBITDA for the standalone business reached INR 2,296 Cr, with a margin of 18.4%, supported by gross margin expansion and productivity initiatives across the value chain.
Strategic Divestment and Shareholder Returns
In a significant strategic development, the Board of Directors approved the sale of the company’s 100% stake in Royal Challengers Sports Private Limited (RCSPL) on 24 March 2026. This transaction, subject to customary approvals, aligns with the company’s objective to sharpen its focus on the core beverage alcohol business. Furthermore, reflecting confidence in its financial health, the Board has recommended a final dividend of INR 11.0 per share for FY26, subject to shareholder approval.
Future Outlook
Commenting on the results, Mr. Praveen Someshwar, CEO & Managing Director, noted that the core portfolio has delivered broad-based double-digit growth. Looking ahead, the company is optimistic about capturing the growing consumer opportunity in India through its innovation pipeline and by targeting key white spaces in the market, positioning the business for sustained performance in FY27.
Source: BSE
