NSE: UNITDSPR | BSE: 532432

Expensive Performer

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1455.40 9.60 (0.66%)

461.7K NSE+BSE Volume

NSE 28 Nov, 2025 2:10 PM (IST)

105,858.6

Market Cap

Market Leader

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.

28 Jan 2022, 12:00AM

1455.40

0.66%

United Spirits

Buy: United Spirits Ltd.

ICICI Securities Limited

We remain positive on the long term growth prospects of the stock and maintain our BUY recommendation Target Price and Valuation: We value USL at | 1050 i.e. 52x P/E on FY24E EPS...

United Spirits Ltd. is trading above all available SMAs

United Spirits Ltd.

27 Jan 2022, 12:00AM

1455.40

0.66%

Performance below our expectations; outlook unclear

Neutral: United Spirits Ltd.

Recommendation Target

Motilal Oswal

UNSP's 3QFY22 performance came in below our estimates. Unlike other Discretionaries, its weak two-year average sales, EBITDA, and PAT (6-8% range) was despite a near normal quarter. This is especially disappointing given the context of relatively softer input cost inflation, a highly favorable tax environment (no excise increases in the FY22 state budgets), and higher than usual realization led sales growth. It is fairly certain that these factors may not be as favorable going ahead. It is also important to note that any steep material cost increases cannot be...

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

United Spirits Ltd.

01 Nov 2021

1455.40

0.66%

UNITED SPIRITS LTD.

Buy: United Spirits Ltd.

Ventura

At an inflection point of decadal...

United Spirits Ltd. is trading above all available SMAs

United Spirits Ltd.

29 Oct 2021

1455.40

0.66%

United Spirits

Buy: United Spirits Ltd.

Target

ICICI Securities Limited

Consequent PAT doubled to | 273 crore, which includes one-off reversal benefit in the interest expense What should investors do? With its broad portfolio and focus on placing existing brands in the upper prestige segment, along with introduction of its several iconic brands from Diageo stable, USL is well placed to capitalise on the rapidly growing...

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

United Spirits Ltd.

23 Sep 2021

1455.40

0.66%

Recovery evident, longer term prospects remain attractive

Buy: United Spirits Ltd.

Target

Motilal Oswal

Activation of the Scotch portfolio in ~2,000 outlets across India, resulted in better availability and wider range in these outlets. This could result in healthy demand for BIO and BII Scotch, when overseas travel and higher duty free sales (booked as part of Diageo global revenues) resume....

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

United Spirits Ltd.

20 Aug 2021

1455.40

0.66%

Pick of the Week - United Spirits Limited

Neutral: United Spirits Ltd.

Edelweiss

United Spirits Limited is the largest spirits company in the branded spirits market in India.

United Spirits Ltd. is trading above all available SMAs

United Spirits Ltd.

25 May 2021

1455.40

0.66%

United Spirits

Buy: United Spirits Ltd.

ICICI Securities Limited

USL continued to reinvest and renovate its biggest core brands i.e. McDowell's No. 1 and Royal Challenge with an innovative packaging and new blends, even during the pandemic. The management indicated that McDowell's No 1 renovation received a good response from customers. The management also focused its resources on capitalising newer trends such as consumption in home premises. Ad spends are expected to return to 89% of revenues as the situation normalises and the company will continue...

United Spirits Ltd. is trading above all available SMAs

United Spirits Ltd.

24 May 2021

1455.40

0.66%

Better-than-expected results; lockdown leads to sharp EPS cut

Buy: United Spirits Ltd.

Target

Motilal Oswal

United Spirits (UNSP) reported in-line sales and significantly better-thanexpected EBITDA and PAT in 4QFY21. The key highlight of the result was the net debt declining to INR5.6b at end-FY21 (from INR20.7b at end-FY20) the net debt has halved even over Sep'20 levels. While deleveraging has historically been a key success area for UNSP, it was particularly laudable in FY21 given the weak operating environment. Therefore, ROCE dipped just 50bp to 16.8% despite a ~42% EPS reduction in FY21. This gives us confidence that ROCE, which had been improving steadily in recent years,...

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

United Spirits Ltd.

19 Mar 2021

1455.40

0.66%

Outlook improving month on month; P&A; focus continues to yield benefits

Buy: United Spirits Ltd.

Recommendation Target

Motilal Oswal

Consumer sentiment continues to improve month on month. After 49% YoY volume decline in 1QFY21, volumes had already recovered to flattish levels YoY by 3QFY21. Thus, further sequential improvement is encouraging. Innovation and renovation activity is also likely to pick up further. Mr Kripalu believes the ongoing Prestige and Above (P&A;) trend would only accelerate as high involvement categories such as alcohol would move toward premium products as they get more affordable for the population. An ongoing strategic review of the Popular segment (to be completed by Dec'21)...

United Spirits Ltd. is trading above all available SMAs

United Spirits Ltd.

28 Jan 2021, 12:00AM

1455.40

0.66%

United Spirits

Buy: United Spirits Ltd.

Target

ICICI Securities Limited

Higher A&P; expense to support volume growth USL continued to reinvest and renovate its biggest core brands i.e. McDowell's No. 1 and Royal Challenge with an innovative packaging and new blends, even during the pandemic. A&P; expense continued at healthy 8-9% levels during Q2 and Q3, which supported the volume growth seen in the P&A; and popular segment. The management also focused its resources on capitalising newer trends such as consumption in the home premises and with family members. USL has 80 brands of Scotch, IMFL, brandy, rum,...

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

Is United Spirits Ltd. worth buying?

564 Votes:

Buy 79.61%

Sell 11.35%

Hold 9.04%

RESEARCH REPORTS

Neutral SEE REPORTS >

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Neutral SEE REPORTS >

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