NSE: UNITDSPR | BSE: 532432

Expensive Performer

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1411.70 -23.00 (-1.60%)

491.0K NSE+BSE Volume

NSE 19 Nov, 2025 3:58 PM (IST)

102,680.1

Market Cap

Market Leader

0.7

Beta 1Year

Very Low volatility

United Spirits Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for UNITDSPR, BSE:532432 United Spirits Ltd.

United Spirits Ltd.

09 Nov 2023

1411.70

-1.60%

Premiumisation trend continues as volume growth trajectory moderates

Accumulate: United Spirits Ltd.

Target

ICICI Securities Limited

Double-digit revenue growth trajectory continues as Prestige and Above (P&A) continued to outperform primarily led by higher realisations (driven by premiumisation) as volumes growth trajectory decelerates to 4% YoY (vs ~10% over last two quarters). This is likely due to shift in festive season and BIO normalisation benefits getting over.

Number of FII/FPI investors decreased from 825 to 721 in Sep 2025 qtr

United Spirits Ltd.

24 Jul 2023

1411.70

-1.60%

United Spirits Ltd.

Neutral: United Spirits Ltd.

Target

Keynote Capitals Ltd

Quarterly Update Q1FY24

Number of FII/FPI investors decreased from 825 to 721 in Sep 2025 qtr

United Spirits Ltd.

23 Jul 2023

1411.70

-1.60%

Enduring the premium journey

Accumulate: United Spirits Ltd.

Target

ICICI Securities Limited

Prestige and Above (P&A) continued to outperform led by mix improvement, portfolio reshape initiatives through innovations and renovations. Balanced volume (10% YoY) and price/mix growth (11% YoY) in P&A is positive vs largely mix-driven growth in previous few quarters.

United Spirits Ltd. is trading above all available SMAs

United Spirits Ltd.

22 May 2023

1411.70

-1.60%

United Spirits Limited

Neutral: United Spirits Ltd.

Recommendation Target

Keynote Capitals Ltd

Quarterly Update Q4FY23

Motilal Oswal decreased Neutral price target of United Spirits Ltd. to 1575.0 on 01 Nov, 2025.

United Spirits Ltd.

21 May 2023

1411.70

-1.60%

United Spirits

Buy: United Spirits Ltd.

Target

ICICI Direct

United Spirits Ltd. is trading above all available SMAs

United Spirits Ltd.

21 May 2023

1411.70

-1.60%

Portfolio reshape playing out well, for now

Accumulate: United Spirits Ltd.

ICICI Securities Limited

Continued outperformance in Prestige & Above (P&A) in Q4FY23 driven by portfolio reshape initiatives through innovations and renovations is pleasing. Further, balanced volume (~10% YoY) and price / mix growth (~12% YoY) in Q4FY23 vs largely mix driven growth in previous few quarters is also good though it had benefits of BIO normalisation.

Motilal Oswal decreased Neutral price target of United Spirits Ltd. to 1575.0 on 01 Nov, 2025.

United Spirits Ltd.

24 Mar 2023

1411.70

-1.60%

United Spirits Ltd.

Buy: United Spirits Ltd.

Keynote Capitals Ltd

Initiating Coverage Report

Motilal Oswal decreased Neutral price target of United Spirits Ltd. to 1575.0 on 01 Nov, 2025.

United Spirits Ltd.

27 Jan 2023

1411.70

-1.60%

United Spirits

Buy: United Spirits Ltd.

Target

ICICI Direct

United Spirits Ltd. has an average target of 1575.00 from 1 broker.

United Spirits Ltd.

25 Jan 2023

1411.70

-1.60%

Divestment – a right strategy; now the core must fire on all cylinders

Accumulate: United Spirits Ltd.

Target

ICICI Securities Limited

Continued outperformance in Prestige & Above (P&A) portfolio, driven by premiumization (higher scotch sales), is encouraging. Value growth in P&A stayed significantly ahead of volume growth. Post adjusting for the slump-sale of the popular portfolio in base quarter; we note that the segment’s performance continues to remain subdued (2% revenue growth YoY, 3% volume growth YoY).