United Spirits Limited (NSE:UNITDSPR) Just Reported Annual Earnings: Have Analysts Changed Their Mind On The Stock?

The annual results for United Spirits Limited (NSE:UNITDSPR) were released last week, making it a good time to revisit its performance. Results were roughly in line with estimates, with revenues of ₹121b and statutory earnings per share of ₹22.28. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

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Following the latest results, United Spirits' nine analysts are now forecasting revenues of ₹136.2b in 2026. This would be a meaningful 13% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to climb 15% to ₹25.65. Yet prior to the latest earnings, the analysts had been anticipated revenues of ₹136.7b and earnings per share (EPS) of ₹25.49 in 2026. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

See our latest analysis for United Spirits

It will come as no surprise then, to learn that the consensus price target is largely unchanged at ₹1,587. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. Currently, the most bullish analyst values United Spirits at ₹1,820 per share, while the most bearish prices it at ₹1,036. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. It's clear from the latest estimates that United Spirits' rate of growth is expected to accelerate meaningfully, with the forecast 13% annualised revenue growth to the end of 2026 noticeably faster than its historical growth of 8.2% p.a. over the past five years. Other similar companies in the industry (with analyst coverage) are also forecast to grow their revenue at 10% per year. United Spirits is expected to grow at about the same rate as its industry, so it's not clear that we can draw any conclusions from its growth relative to competitors.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have estimates - from multiple United Spirits analysts - going out to 2028, and you can see them free on our platform here.

We also provide an overview of the United Spirits Board and CEO remuneration and length of tenure at the company, and whether insiders have been buying the stock, here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.