United Spirits Past Earnings Performance
Past criteria checks 4/6
United Spirits has been growing earnings at an average annual rate of 23.8%, while the Beverage industry saw earnings growing at 19% annually. Revenues have been growing at an average rate of 8.6% per year. United Spirits's return on equity is 19.5%, and it has net margins of 12.9%.
Key information
23.79%
Earnings growth rate
23.78%
EPS growth rate
| Beverage Industry Growth | 29.30% |
| Revenue growth rate | 8.62% |
| Return on equity | 19.46% |
| Net Margin | 12.93% |
| Next Earnings Update | 21 Jan 2026 |
Recent past performance updates
Recent updates
Why The 23% Return On Capital At United Spirits (NSE:UNITDSPR) Should Have Your Attention
Nov 20
United Spirits Limited (NSE:UNITDSPR) Second-Quarter Results: Here's What Analysts Are Forecasting For This Year
Nov 02Investor Optimism Abounds United Spirits Limited (NSE:UNITDSPR) But Growth Is Lacking
Oct 30Here's Why United Spirits (NSE:UNITDSPR) Has Caught The Eye Of Investors
Aug 23Here's What's Concerning About United Spirits' (NSE:UNITDSPR) Returns On Capital
Jul 25United Spirits Limited's (NSE:UNITDSPR) Business Is Yet to Catch Up With Its Share Price
Jun 13United Spirits Limited (NSE:UNITDSPR) Just Reported Annual Earnings: Have Analysts Changed Their Mind On The Stock?
May 23New Forecasts: Here's What Analysts Think The Future Holds For United Spirits Limited (NSE:UNITDSPR)
Mar 23United Spirits (NSE:UNITDSPR) Will Be Hoping To Turn Its Returns On Capital Around
Mar 20United Spirits Limited's (NSE:UNITDSPR) Shares May Have Run Too Fast Too Soon
Mar 02These 4 Measures Indicate That United Spirits (NSE:UNITDSPR) Is Using Debt Reasonably Well
Feb 12
Innovation And Premium Focus Propel Growth Amid Macro Challenges
Re-entry in Andhra Pradesh and innovative launches like the X Series are crucial for top-line growth and premiumization efforts.Revenue & Expenses Breakdown
How United Spirits makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 25 | 126,580 | 16,370 | 20,550 | 0 |
| 30 Jun 25 | 123,290 | 15,140 | 20,540 | 0 |
| 31 Mar 25 | 120,690 | 15,820 | 19,890 | 0 |
| 31 Dec 24 | 118,210 | 14,020 | 19,510 | 0 |
| 30 Sep 24 | 113,900 | 14,180 | 18,670 | 0 |
| 30 Jun 24 | 114,150 | 14,160 | 18,320 | 0 |
| 31 Mar 24 | 113,210 | 14,080 | 18,040 | 0 |
| 31 Dec 23 | 110,401 | 12,690 | 18,158 | 0 |
| 30 Sep 23 | 108,167 | 11,330 | 17,842 | 0 |
| 30 Jun 23 | 108,603 | 13,468 | 17,132 | 0 |
| 31 Mar 23 | 106,120 | 11,370 | 17,630 | 0 |
| 31 Dec 22 | 106,445 | 12,152 | 15,876 | 0 |
| 30 Sep 22 | 108,132 | 13,006 | 15,679 | 0 |
| 30 Jun 22 | 104,098 | 10,393 | 16,168 | 0 |
| 31 Mar 22 | 97,124 | 8,286 | 15,867 | 0 |
| 31 Dec 21 | 94,071 | 8,556 | 15,500 | 0 |
| 30 Sep 21 | 91,327 | 8,430 | 15,121 | 0 |
| 30 Jun 21 | 88,211 | 6,806 | 12,226 | 0 |
| 31 Mar 21 | 81,313 | 3,836 | 14,109 | 0 |
| 31 Dec 20 | 78,914 | 2,333 | 14,293 | 0 |
| 30 Sep 20 | 78,060 | 1,816 | 14,002 | 0 |
| 30 Jun 20 | 79,242 | 2,153 | 11,253 | 0 |
| 31 Mar 20 | 93,254 | 6,589 | 14,530 | 0 |
| 31 Dec 19 | 96,524 | 7,235 | 17,043 | 0 |
| 30 Sep 19 | 95,792 | 6,923 | 18,034 | 0 |
| 30 Jun 19 | 95,032 | 7,550 | 15,678 | 0 |
| 31 Mar 19 | 93,408 | 7,002 | 19,747 | 0 |
| 31 Mar 18 | 85,906 | 6,338 | 18,910 | 0 |
| 31 Mar 17 | 88,175 | 1,001 | 15,722 | 0 |
| 31 Mar 16 | 84,949 | 1,383 | 14,464 | 0 |
| 31 Mar 15 | 84,486 | -19,299 | 6,745 | 0 |
Quality Earnings: UNITDSPR has high quality earnings.
Growing Profit Margin: UNITDSPR's current net profit margins (12.9%) are higher than last year (12.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: UNITDSPR's earnings have grown significantly by 23.8% per year over the past 5 years.
Accelerating Growth: UNITDSPR's earnings growth over the past year (15.4%) is below its 5-year average (23.8% per year).
Earnings vs Industry: UNITDSPR earnings growth over the past year (15.4%) exceeded the Beverage industry -5.9%.
Return on Equity
High ROE: UNITDSPR's Return on Equity (19.5%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/12/10 17:33 |
| End of Day Share Price | 2025/12/10 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2025/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
United Spirits Limited is covered by 56 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ronak Soni | Ambit Capital |
| Sanket Gharat | Ambit Capital |
| Nitin Bhasin | Ambit Capital |