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United Spirits Ltd share Price Today

Company details

6M Return 19.28%
1Y Return 13.03%
Mkt Cap.(Cr) 76,648.25
Volume 269,341
Div Yield 0.00%
OI Chg %
Volume 269,341

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Technical Outlook
    The share price of United Spirits looks lucrative at current juncture, as it is undergoing a higher base formation after arresting secondary correction in the vicinity of breakout area of 7 years contracting triangle placed at ₹ 800, indicating change of polarity. Thereby, offering fresh entry  opportunity with a favourable risk reward
    The stock has logged a resolute breakout from three months falling channel and sustaining well above past two weeks high, backed by rising volumes, indicating conclusion of corrective bias
    Key point to highlight is that, past eight months consolidation appears to be forming a double bottom formation, signifying bullish reversal on the cards
    We expect, the stock to regain upward momentum and head towards ₹ 848 levels as it is 50% retracement of past three months decline (₹ 952-730)
    Among oscillators, the weekly RSI recorded bullish crossover, indicating positive bias
Fundamental Outlook
    United Spirits (USL) is India’s leading alcoholic beverage company and subsidiary of global leader Diageo plc. It manufactures, sells premium liquor brands such as Johnnie Walker, Black Dog, Black & White, Vat 69, Antiquity, Signature, Royal Challenge, McDowell’s No 1, Smirnoff and Captain Morgan
    Prestige and above segment comprises 80% of its volumes
    It aims to grow its revenues in double digits and expects its operating margin to remain in mid to high-teen levels in the medium term
    Although inflation continues to remain strong in the near to medium term, USL continues to revamp its existing premium portfolio, introduce newer brands, control costs and seek price hikes from states. Delhi RTM one-offs are expected to continue till next two quarters.
    USL has commenced on a multi-year supply chain agility program, which has a potential for cost control in the tune of ₹130-150 crore per annum. The program would require investment of ₹500 crore (cash:non-cash = 60:40 ratio). Benefits would start flowing from CY24 end and will have a 4-4.5 year payback period
    Newer launches and brand extensions in the upper prestige and introduction of international brands from the Diageo stable, will help drive higher asset turnover
    Favourable regulatory environment (lower customs duty, higher distribution, composite shops, etc) in several states coupled with USL debt free status, double-digit return ratios & strong cash generation, augurs well for continued investments in brand portfolio and which in turn leads to better profitability
    We expect USL to deliver revenue and EBITDA CAGR of 11% and 7%, respectively, over FY22-25E. PAT is likely to grow at 16% CAGR over the same period. Increase in profitability with strong asset turnover is expected to result in healthy return ratios over FY23-25E

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Breweries & Distilleries company United Spirits announced Q2FY24 & H1FY24 results:

  • Consolidated Q2FY24:

    • Net sales at Rs 2,867 crore, up 12.0% on rebased prior year comparators, in line with growth in the standalone business.
    • EBITDA was at Rs 467 crore, a growth of 21.4% on rebased prior year comparators.
    • Profit after tax was at Rs 339 crore
  • Consolidated H1FY24:
    • Net sales for H1FY24 were at Rs 5,535 crore, up 19.5% on rebased prior year comparators. This was led by the strong growth in the standalone business and the new five-year media rights cycle (2023-27) for the Indian Premier League starting from Q1FY24.
    • EBITDA for H1FY24 was at Rs 1,180 crore, a growth of 69.7% on rebased prior year comparators.
    • Profit after tax was at Rs 816 crore

Hina Nagarajan, CEO & Managing Director, commenting on the Q2FY24 performance, said, “We have maintained the growth and margin momentum in the second quarter of fiscal 2024 on the back of sustained investment in our brands and proven productivity muscle. Continuing our future-back consumer focus approach, we have now brought our global Tequila trademark Don Julio to India. This is in line with our strategy & commitment to bring the best from around the world to our aspiring Indian consumers. We are optimistic about the India potential of this opportunity in line with global trends.

I am also delighted to inform you that the Board of Directors has approved an interim dividend of Rs 4.0 per share. This is after a long hiatus, enabled by the successful turnaround of the Company to sustained profitability. We take the opportunity to thank our long-term investors for their patience and commitment.

Looking ahead, our priority is to sustain the growth momentum and realise the full potential of our portfolio offerings. While inflationary headwinds remain challenging, we remain focussed on revenue growth management & value chain productivity in our quest of long-term value creation for all our stakeholders.”


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Investment recommendation
Call Date
16 Mar 2023
Entry Price 755.00
Target Price 848.00
3 Month


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

United Spirits Ltd Stocks COMPARISION


Equity Capital: 6,119.20 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 15,779.50 22,156.90
LAST 3M 54,802.13 -2,099.03
LAST 6M 93,089.45 78,838.27
LAST 12M 161,092.98 118,023.38
United Spirits Limited - Loss of Share Certificates

Nov 30, 2023 l NSE Announcement

United Spirits Limited - Loss of Share Certificates

Nov 29, 2023 l NSE Announcement

United Spirits Limited - Updates

Nov 28, 2023 l NSE Announcement

Date Action Type Ratio
Nov 17, 2023 Dividend 200

United Spirits Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • United Spirits Ltd. (USL) is an Indian alcoholic beverage company with an outstanding collection of premium brands. It manufactures a vast array of vodka, whisky, rum, and other spirits. It was incorporated in 1999 with its headquarters in Bangalore. United Spirits’ standalone June 2022 net sales were Rs HYPERLINK "https://www.moneycontrol.com/news/business/earnings/united-spirits-standalone-june-2022-net-sales-at-rs-2169-30-crore-up-34-31-y-o-y-8894921.html" 2,196.30 crore, up 34.31% from Rs 1,615.10 crore in June 2021. On 29 August 2022, the company’s market capitalisation stood at Rs HYPERLINK "https://www.moneycontrol.com/india/stockpricequote/breweriesdistilleries/unitedspirits/US" 58,287 crore.  

    The company is listed on the Bombay Stock Exchange with the code 532432 and on the National Stock Exchange with the code MCDOWELL-N. It is also listed on the MCX Stock Exchange and Cochin Stock Exchange.  

    United Spirits Ltd. is a subsidiary of Diageo. Its world-class portfolio includes premium brands like Black Dog, Vat 69, Signature, Royal Challenge, Johnnie Walker, Black & White, Antiquity, Singelton, Ketel One, Smirnoff, Captain Morgan, Tanqueray, and McDowell’s No. 1.  

    According to the company’s shareholding pattern, on 30 June 2022, promoters had a 56.73% stake, foreign institutional investors had a 16.76% stake, domestic institutional investors had a 10.87% stake, and the public had a 15.65% stake. The leading promoter is Diageo Relay BV, with a 55.94% share. During the June 2022 quarter, the promoters’ pledge remained unchanged at 1.19%. The mutual fund holdings increased from 7.65% to 8.03%, with the number of mutual fund schemes increasing from 176 to 182.  

    Mr Mahendra Kumar Sharma is the company’s chairman. Ms Hina Nagarajan is the managing director and the CEO. Other board members include Dr (Mrs) Indu Shahani, Mr V K Viswanathan, Mr Mark Dominic Sandys, Mr Rajeev Gupta, Mr D Sivanandhan, Mr John Thomas Kennedy, and Mr Randall David Ingber. The auditors of the company are Price Waterhouse & Co Chartered Accountants LLP. On 30 June 2022, the company disclosed a total of 72.66 crore shares outstanding.  

    On 29 August 2022, United Spirits Ltd.’s share price closed at Rs 805 on BSE and at Rs 802.15 on NSE. The company’s 52-week high share price was Rs 1,019.95, and the 52-week low share price was Rs 702.25. Over one year, United Spirits Ltd.’s share gave investors a return of 17.52%.  

    The company’s peers include Tilaknagar Industries Ltd., Radico Khaitan Ltd., United Breweries Ltd., and Globus Spirits Ltd. 

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose 

Registered Address

UB Tower, 24 Vittal Mallya Road UB City, Bangalore, Karnataka, 560001

Tel : 91-80-39856500/22210705
Email : usinvestor:unitedsprits.in
Website : http://www.diageoindia.com

Alpha Systems Pvt Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 532432
Book Closure Date (Month) :
BSE Group : A
ISIN : INE854D01024

FAQ’s on United Spirits Ltd Shares

You can buy United Spirits Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy United Spirits Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Dec 01, 2023 04:07 PM the closing price of United Spirits Ltd was ₹ 1,053.80.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Dec 01, 2023 04:07 PM, the market cap of United Spirits Ltd stood at ₹ 76,648.25.

The latest PE ratio of United Spirits Ltd as of Dec 01, 2023 04:07 PM is 59.68

The latest PB ratio of United Spirits Ltd as of Dec 01, 2023 04:07 PM is 0.09

The 52-week high of United Spirits Ltd is ₹ 1,110.00 while the 52-week low is ₹ 730.55

According to analyst recommendations, United Spirits Ltd has a “Buy” rating for the long term.

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