India's United Spirits quarterly profit rises on demand for pricier liquor

United Spirits

20/01/2026 14:36

Jan 20 (Reuters) - India's United Spirits UNSP.NS, which sells Johnnie Walker whiskey and Tanqueray gin, reported a rise in quarterly profit on Tuesday, aided by broadly steady demand for its premium liquor.

The Indian unit of Diageo DGE.L posted a 12% gain in profit to 5.29 billion rupees ($58.14 million) for the third quarter ended December 31, compared to the previous year.

Revenue from operations rose 3% to 79.28 billion rupees.

For more earnings highlights, click here. (FULL STORY)

KEY CONTEXT

India's growing affluent consumer base continues to splurge on a wide range of luxury items, from premium liquor to jewellery and residential apartments.

Their spending habits have lifted sales of several companies, including jewellery retailers such as Titan TITN.NS, Kalyan Jewellers KALN.NS and Senco Gold SENC.NS, even as lower-income consumers are stretched thin.

Net sales in United Spirits' "prestige & above" segment grew 8.2%, while its "popular" business, which sells cheaper liquor, declined 4.6%.

PEER COMPARISON

Valuation (next 12 months)
Estimates (next 12 months)
Analysts' sentiment
RIC
PE
EV/EBITDA
Price/Sales
Revenue growth (%)
Profit growth (%)
Mean rating*
# of analysts
Stock to price target**
Div yield (%)
United Spirits Ltd
UNSP.NS
49.28
35.05
NULL
-11.36
12.21
BUY
10
0.82
0.91
Radico Khaitan Ltd
RADC.NS
53.82
34.40
NULL
15.92
36.98
BUY
9
0.81
0.14
Tilaknagar Industries Ltd
TILK.NS
35.88
29.08
NULL
15.70
-2.93
STRONG BUY
1
0.73
0.24
United Breweries Ltd
UBBW.NS
54.41
32.96
NULL
11.41
42.12
HOLD
11
0.81
0.66

   * The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

SEPTEMBER TO DECEMBER STOCK PERFORMANCE

 -- All data from LSEG

($1 = 90.9810 Indian rupees)

United Spirits stock https://tmsnrt.rs/49v6Wzb

 (Reporting by Komal Salecha in Bengaluru and Praveen Paramasivam in Chennai; Editing by Ronojoy Mazumdar and Vijay Kishore)

 ((Komal@thomsonreuters.com))