India's United Spirits jumps most in 2 months after quarterly profit rise

United Spirits

15/05/2026 05:39

** Shares of United Spirits UNSP.NS rise as much as 4.9% to 1,335 rupees, highest intraday pct rise since March 6

** Diageo's DGE.L Indian unit posted Q4 profit surge of 27% y/y; rev rose 4.4% y/y

** CLSA ("hold", PT 1,238 rupees) says volume decline in Q4 below expectations; co attributes this to Maharashtra's new liquor policy introduced in August 2025

** Nomura ("buy", PT 1,650 rupees) says overall portfolio, excluding Maharashtra and Andhra Pradesh, grew by 8.5%; expects increased growth in medium term as regulations eased in states such as Karnataka, as well as India-UK FTA

** Stock down 7.5% YTD

(Reporting by Abhirami G in Bengaluru)

((abhirami.g@thomsonreuters.com))