United Spirits Limited Reports Q1 FY27 Results with Consolidated Net Profit Rising to ₹463 Crore

United Spirits Limited (Diageo India) today announced its unaudited consolidated financial results for the first quarter ended June 30, 2026 (Q1 FY27). The alcobev leader reported a steady performance in its core operational revenue alongside a notable expansion in overall net profitability, driven by strong contributions across its beverage alcohol portfolio and sports segment activities.

Top-Line Revenue and Core Operational Income

United Spirits recorded revenue from operations of ₹6,122 crore for the first quarter of FY27, marking a 5.1% growth compared to ₹5,823 crore in the corresponding quarter of the previous fiscal year (Q1 FY26). On a sequential basis, operational revenue stood at ₹6,122 crore against ₹6,855 crore recorded in Q4 FY26.

Other income for Q1 FY27 stood at ₹73 crore, compared to ₹62 crore in Q1 FY26 and ₹295 crore in Q4 FY26. Consequently, the company's total income reached ₹6,195 crore for the quarter under review, compared to ₹5,885 crore in Q1 FY26 and ₹7,150 crore in Q4 FY26.

Segment Performance Analysis

Net segment revenue before excise duty additions and discontinued operation adjustments totaled ₹3,256 crore for Q1 FY27, compared to ₹3,021 crore in Q1 FY26 and ₹3,118 crore in Q4 FY26.

Beverage Alcohol Segment

Net Revenue: The core Beverage Alcohol business generated net segment revenue of ₹2,708 crore in Q1 FY27, representing a 6.2% year-on-year growth over ₹2,549 crore in Q1 FY26.

Segment EBITDA: Segment earnings before interest, tax, depreciation, and exceptional items (EBITDA) for Beverage Alcohol stood at ₹429 crore, up from ₹419 crore in Q1 FY26.

Segment Assets & Liabilities: Segment assets for Beverage Alcohol reached ₹14,187 crore as of June 30, 2026, while segment liabilities stood at ₹5,196 crore.

Sports Segment

Net Revenue: The Sports segment generated net segment revenue of ₹552 crore in Q1 FY27, up from ₹478 crore in Q1 FY26 and ₹64 crore in Q4 FY26.

Segment EBITDA: EBITDA from the Sports business came in at ₹264 crore, compared to ₹225 crore in Q1 FY26 and a loss of ₹(51) crore in Q4 FY26.

Segment Assets & Liabilities: Sports segment assets stood at ₹948 crore, while liabilities were recorded at ₹519 crore as of June 30, 2026.

Comprehensive Expenditure Breakdown

Total expenses for Q1 FY27 stood at ₹5,795 crore, compared to ₹5,521 crore in Q1 FY26 and ₹6,407 crore in Q4 FY26. The major cost components included:

Excise Duty: Represented the largest expenditure head at ₹3,414 crore in Q1 FY27, compared to ₹3,274 crore in Q1 FY26 and ₹3,801 crore in Q4 FY26.

Cost of Materials Consumed: Stood at ₹1,179 crore vs. ₹1,185 crore in Q1 FY26 and ₹1,736 crore in Q4 FY26.

Purchase of Stock-in-Trade: Decreased to ₹60 crore from ₹135 crore in Q1 FY26 and ₹90 crore in Q4 FY26.

Employee Benefits Expense: Stood at ₹133 crore, down slightly from ₹137 crore in Q1 FY26 and ₹142 crore in Q4 FY26.

Advertisement & Sales Promotion: Increased to ₹312 crore in Q1 FY27, compared to ₹233 crore in Q1 FY26 and ₹300 crore in Q4 FY26.

Other Expenses: Came in at ₹372 crore, up from ₹332 crore in Q1 FY26 and down from ₹412 crore in Q4 FY26.

Finance Costs: Reduced to ₹30 crore in Q1 FY27, down from ₹49 crore in Q1 FY26 and ₹69 crore in Q4 FY26.

Depreciation & Amortisation: Stood at ₹72 crore vs. ₹68 crore in Q1 FY26 and ₹76 crore in Q4 FY26.

Profitability and Net Earnings

Profit before exceptional items and tax from continuing operations reached ₹400 crore in Q1 FY27, compared to ₹358 crore in Q1 FY26 and ₹743 crore in Q4 FY26.

After accounting for net exceptional items of negative ₹(81) crore, profit before tax from continuing operations stood at ₹319 crore in Q1 FY27, compared to ₹347 crore in Q1 FY26 and ₹703 crore in Q4 FY26. Net tax expense for continuing operations during the quarter was ₹82 crore (including current tax of ₹84 crore and deferred tax credit of ₹2 crore).

Profit after tax from continuing operations stood at ₹237 crore in Q1 FY27, compared to ₹257 crore in Q1 FY26 and ₹568 crore in Q4 FY26.

Discontinued Operations & Total Profit

Discontinued operations delivered a profit before tax of ₹268 crore in Q1 FY27, compared to ₹224 crore in Q1 FY26. After deducting tax expenses of ₹42 crore (compared to tax credit of ₹16 crore in Q4 FY26), profit after tax from discontinued operations was ₹226 crore for Q1 FY27.

Taking continuing and discontinued operations together, total consolidated net profit for the period reached ₹463 crore in Q1 FY27, reflecting an 11.0% year-on-year increase compared to ₹417 crore in Q1 FY26. Total comprehensive income for the quarter stood at ₹463 crore.

Earnings Per Share & Balance Sheet Position

Basic & Diluted EPS (Continuing Operations): Stood at ₹3.34 per share for Q1 FY27, compared to ₹3.62 per share in Q1 FY26 and ₹8.00 per share in Q4 FY26.

Basic & Diluted EPS (Discontinued Operations): Stood at ₹3.18 per share for Q1 FY27, up from ₹2.25 per share in Q1 FY26.

Paid-Up Equity Share Capital: Remained unchanged at ₹145 crore.

Other Equity: Recorded at ₹8,812 crore as of June 30, 2026.

Consolidated Financial Position: Total assets stood at ₹15,133 crore, while total liabilities were recorded at ₹5,713 crore as of June 30, 2026.

Shares of United Spirits Limited was last trading in BSE at Rs. 1404.60 as compared to the previous close of Rs. 1391.25. The total number of shares traded during the day was 26108 in over 2010 trades.

The stock hit an intraday high of Rs. 1408.20 and intraday low of 1376.00. The net turnover during the day was Rs. 36397345.00.

Source : Equity Bulls

Keywords

UnitedSpirits INE854D01024 Q1FY27 Q1FY2027 ResultUpdate