United Spirits shares surge over 2% despite Q1 profit shrinking 14% YoY to ₹417 crore

Shares of United Spirits soared 2.12% to an intra-day high of ₹1,333.9 apiece on the National Stock Exchange (NSE) on Thursday, August 14, a day after reporting its results for the first quarter of the 2025-26 financial year (Q1FY26).

The alcoholic beverage company reported a 14% year-on-year (YoY) decline in its consolidated net profit to ₹417 crore during the quarter under review, compared to ₹485 crore in the same period last fiscal year.

Its revenue from operations surged marginally to ₹6,295 crore in the June quarter of FY26, as against ₹6,283 crore in the first quarter of FY25, United Spirits said in a regulatory filing.

At an operational level, the company’s EBITDA (earnings before interest, tax, depreciation and amortisation) stood at ₹644 crore, marking a 9.7% YoY fall, driven largely by a one-off indirect tax item impact and relatively higher A&P in the standalone business, the firm stated.

Its sports business, Royal Challengers Sports Private Ltd (RCSPL), which owns the RCB team for IPL and WPL, registered a 15.73% YoY growth in revenue to ₹478 crore in the June quarter.

During the quarter, USL’s consolidated net sales value (NSV) rose 9.4% YoY to ₹3,021 crore, bolstered by an 8.4% YoY growth in the standalone business and 15.7% reported growth of the sports business housed in the 100% subsidiary RCSPL.

The Prestige & Above segment accounted for 88.3% of net sales during the first quarter.

The Popular segment accounted for 9.8% of the net sales during the first quarter. The Popular segment net sales grew 13.6%, it said.

The total income of United Spirits, which owns brands like McDowell’s, Royal Challenge, Signature, Johnnie Walker, and Black Dog in its fold, was ₹6,367 crore, up 1.5%.

Commenting on the earnings, Praveen Someshwar, the Managing Director and CEO of United Spirits, said: "We delivered a resilient quarter with the Prestige & Above portfolio sustaining its growth momentum, while cycling a high prior year base. The quarter also marked the completion of the Nao Spirits acquisition.”

"Looking ahead, we remain focused on our circle of control to lead the next wave of category growth through sharper portfolio, tailored consumer engagement, and revenue growth management," he added

The stock was trading 1.17% higher at ₹1,321.50 per equity share, at around 2:55 pm.

United Spirits has a total market capitalisation of ₹96,083.05 crore, as of August 14, 2025, as per data on the NSE.

_With PTI inputs _