Operating margin expanded to 19.4% from 17.3% in the corresponding quarter last year, reflecting improved product mix and operating efficiencies.
Ahead of the earnings announcement, shares of United Spirits closed 1.08% higher at ₹1,270 on the NSE.The company’s reported net sales value (NSV) stood at ₹3,046 crore for the quarter, up 3.4% year-on-year, while full-year NSV rose 7.6% to ₹12,448 crore.
The Prestige & Above segment continued to drive growth, with quarterly NSV rising 5% to ₹2,745 crore and full-year growth at 8.6%.United Spirits said the quarter witnessed the full adverse impact of Maharashtra Made Liquor (MML) policy changes on its popular and lower prestige segments in the state. The Popular segment’s NSV declined 13.2% during the quarter. However, excluding Maharashtra and Andhra Pradesh, the company said its overall portfolio and Prestige & Above segment delivered growth of 8.5% at the national level.
Commenting on the performance, Managing Director and CEO Praveen Someshwar said the company delivered a “resilient” FY26 despite regulatory headwinds in a key state. He added that progressive policy changes in Karnataka and the proposed UK-India free trade agreement could support premiumisation and future growth.
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The board recommended a final dividend of ₹11 per equity share for FY26. The record date for the dividend has been fixed as July 8, 2026, while payment will be made on or after August 13, subject to shareholder approval.
During the quarter, the company’s board also approved the sale of its entire stake in Royal Challengers Sports Pvt Ltd, subject to regulatory clearances, as part of efforts to sharpen focus on its core beverage alcohol business.
