United Spirits: Expects Over 10-15% Volume Growth In Karnataka To Offset Price Cuts In P&A Segment

 24 Jul 2026 08:30 AM

United Spirits: Expects Over 10-15% Volume Growth In Karnataka To Offset Price Cuts In P&A Segment

United Spirits: Expects Stronger Second Half Of Fiscal Year Due To Reduced Maharashtra Impact And Positive Karnataka Policy Changes. The Company Plans To Launch New McDowell's Bundle In About 85% Of Key Markets Before The Festive Season, With Performance Insights Anticipated Around October - Concall Update.

 24 Jul 2026 08:20 AM

United Spirits: Expects Stronger Second Half Of Fiscal Year Due To Reduced Maharashtra Impact And Positive Karnataka Policy Changes. The Company Plans To Launch New McDowell's Bundle In About 85% Of Key Markets Before The Festive Season, With Performance Insights Anticipated Around October - Concall Update.

United Spirits: Co' Real Benefits From The UK Trade Agreement Are To Be Announced In October As Current Stock Needs To Be Sold First. A Price Drop Of 7% To 9% For The Bio Portfolio Is Expected After The UK Trade Agreement.

 24 Jul 2026 08:20 AM

United Spirits: Co' Real Benefits From The UK Trade Agreement Are To Be Announced In October As Current Stock Needs To Be Sold First. A Price Drop Of 7% To 9% For The Bio Portfolio Is Expected After The UK Trade Agreement.

United Spirits: Company Confirms Double-Digit Growth Plan for Prestige & Above, Aiming for 5% to 6% Volume Growth and 6% to 7% Price-Mix. Marketing Reinvestment Rate Expected to be 10.5% to 11% for FY27 - Concall Update.

 24 Jul 2026 08:20 AM

United Spirits: Company Confirms Double-Digit Growth Plan for Prestige & Above, Aiming for 5% to 6% Volume Growth and 6% to 7% Price-Mix. Marketing Reinvestment Rate Expected to be 10.5% to 11% for FY27 - Concall Update.

United Spirits: Nomura on United Spirits (USL) Maintains Buy with Target Price ₹1,500 as near-term volume and margin headwinds persist, but India-UK FTA benefits, easing glass costs and MML normalization should aid 2HFY27 recovery.

 23 Jul 2026 08:50 AM

United Spirits: Nomura on United Spirits (USL) Maintains Buy with Target Price ₹1,500 as near-term volume and margin headwinds persist, but India-UK FTA benefits, easing glass costs and MML normalization should aid 2HFY27 recovery.

United Spirits: CLSA on United Spirits (USL) Maintains Hold with Target Price ₹1,285 as higher advertising spend weighed on EBITDA despite in-line sales growth and expanding gross margins.

 23 Jul 2026 08:51 AM

United Spirits: CLSA on United Spirits (USL) Maintains Hold with Target Price ₹1,285 as higher advertising spend weighed on EBITDA despite in-line sales growth and expanding gross margins.

United Spirits: Company Board Greenlights ₹2.69 Crore Investment for 10.08% Share in Nuvola Spirits.

 22 Jul 2026 08:39 PM

United Spirits: Company Board Greenlights ₹2.69 Crore Investment for 10.08% Share in Nuvola Spirits.

UNITED SPIRITS: Q1 SL NET PROFIT 3.91B RUPEES VS 2.58B (YOY)

 22 Jul 2026 08:00 PM

UNITED SPIRITS: Q1 SL NET PROFIT 3.91B RUPEES VS 2.58B (YOY)

UNITED SPIRITS: Q1 REVENUE 27B RUPEES VS 25.49B (YOY)

 22 Jul 2026 08:00 PM

UNITED SPIRITS: Q1 REVENUE 27B RUPEES VS 25.49B (YOY)

UNITED SPIRITS: Q1 EBITDA 4.32B RUPEES VS 4.15B (YOY) || Q1 EBITDA MARGIN 16% VS 16.28% (YOY)

 22 Jul 2026 08:01 PM

UNITED SPIRITS: Q1 EBITDA 4.32B RUPEES VS 4.15B (YOY) || Q1 EBITDA MARGIN 16% VS 16.28% (YOY)

United Spirits: To Host Q1 Earnings Conference Call On July 23 At 4 PM

 15 Jul 2026 09:00 PM

United Spirits: To Host Q1 Earnings Conference Call On July 23 At 4 PM

United Spirits: Company To Review Q1 Results On July 22.

 10 Jul 2026 08:41 PM

United Spirits: Company To Review Q1 Results On July 22.

United Spirits: Company Will Stop Operations at Its Hyderabad Manufacturing Facility

 08 Jul 2026 07:39 PM

United Spirits: Company Will Stop Operations at Its Hyderabad Manufacturing Facility

United Spirits: Jefferies on United Spirits Hold, Target Price ₹1,560, citing premiumisation as a key tailwind but expecting only modest 6% volume and 12% EPS CAGR over FY26–29 due to its already high 85% premium portfolio mix.

 29 Jun 2026 08:56 AM

United Spirits: Jefferies on United Spirits Hold, Target Price ₹1,560, citing premiumisation as a key tailwind but expecting only modest 6% volume and 12% EPS CAGR over FY26–29 due to its already high 85% premium portfolio mix.

United Spirits: JPMorgan maintains Overweight on United Spirits Limited with a Target Price of ₹1,510, citing constructive FY27 growth outlook with double-digit P&A growth, McDowell’s refresh, vodka innovation, tequila category creation, UK FTA and Karnataka tailwinds, improving Maharashtra trends, gradual margin recovery, and stronger execution focus despite near-term COGS and A&P pressures.

 18 Jun 2026 08:55 AM

United Spirits: JPMorgan maintains Overweight on United Spirits Limited with a Target Price of ₹1,510, citing constructive FY27 growth outlook with double-digit P&A growth, McDowell’s refresh, vodka innovation, tequila category creation, UK FTA and Karnataka tailwinds, improving Maharashtra trends, gradual margin recovery, and stronger execution focus despite near-term COGS and A&P pressures.

United Spirits: Expects Strong Double-Digit Growth For P&A Portfolio In FY27 Despite Maharashtra And Andhra Pradesh. Company Achieves EBITDA Margin Guidance Of 18.4% In FY26. Smirnoff Projected To Hit ₹1,000 Crores In Net Sales Value In 18 Months.

 18 May 2026 08:44 AM

United Spirits: Expects Strong Double-Digit Growth For P&A Portfolio In FY27 Despite Maharashtra And Andhra Pradesh. Company Achieves EBITDA Margin Guidance Of 18.4% In FY26. Smirnoff Projected To Hit ₹1,000 Crores In Net Sales Value In 18 Months.

United Spirits: Management Plans To Mitigate 50% Of Inflation Through Pricing And The Other 50% By Improving Productivity, Acknowledging That Price Changes Generally Take Time. Management Expects Strong Double-Digit Growth In Karnataka Due To These Strategies And The Strong Performance From Last Year.

 18 May 2026 08:43 AM

United Spirits: Management Plans To Mitigate 50% Of Inflation Through Pricing And The Other 50% By Improving Productivity, Acknowledging That Price Changes Generally Take Time. Management Expects Strong Double-Digit Growth In Karnataka Due To These Strategies And The Strong Performance From Last Year.

United Spirits: Expects Packaging Costs To Rise By 4% To 5% In Q1, Causing A Gross Margin Decrease Of 1.25% To 1.5% (INR 35-40 Crores), Which Could Double In Q2 If Issues Persist. Dividend Payout Ratio Updated To 60% To 85%, And A&P Spending Remains Around 10.5%.

 18 May 2026 08:43 AM

United Spirits: Expects Packaging Costs To Rise By 4% To 5% In Q1, Causing A Gross Margin Decrease Of 1.25% To 1.5% (INR 35-40 Crores), Which Could Double In Q2 If Issues Persist. Dividend Payout Ratio Updated To 60% To 85%, And A&P Spending Remains Around 10.5%.

USL: Nomura maintains a Buy on USL with a Target Price of ₹1650, citing a Q4 sales miss due to the Maharashtra-made liquor impact, while operating margin improved to 19.4% and underlying EBITDA growth remained in line with expectations.

 15 May 2026 08:52 AM

USL: Nomura maintains a Buy on USL with a Target Price of ₹1650, citing a Q4 sales miss due to the Maharashtra-made liquor impact, while operating margin improved to 19.4% and underlying EBITDA growth remained in line with expectations.

United Spirits: JPMorgan maintains an Overweight on United Spirits with a Target Price of ₹1445, citing a margin-led Q4 earnings beat and constructive FY27 outlook despite some revenue impact from export disruptions and state elections.

 15 May 2026 08:55 AM

United Spirits: JPMorgan maintains an Overweight on United Spirits with a Target Price of ₹1445, citing a margin-led Q4 earnings beat and constructive FY27 outlook despite some revenue impact from export disruptions and state elections.