United Spirits Q4 PAT hits ₹568 cr as premium portfolio offsets popular-segment drag
Q4FY26 NSV rose 3.7% to ₹3,054 cr with Prestige & Above up 5%, while the popular segment fell 13.2% on Maharashtra's MML policy. FY26 PAT closed at ₹1,709 cr on NSV of ₹12,467 cr (+7.7%). CEO flags Karnataka policy reset and UK-FTA as tailwinds; board cleared RCSPL stake sale.
What happened
United Spirits posted Q4FY26 PAT of ₹568 cr and NSV up 3.7% to ₹3,054 cr. Prestige & Above grew 5%; Maharashtra MML policy hit popular segment. CEO cites
Key facts
- Q4 NSV ₹3,054 cr (+3.7%)
- Q4 PAT ₹568 cr
- FY26 NSV ₹12,467 cr (+7.7%)
- FY26 PAT ₹1,709 cr
- Q4 volumes 15.7 mn cases
- P&A +5% Q4
- Popular segment -13.2%
- Share ₹1,275 (+1.38%)
Why this matters
The board-approved RCSPL stake sale signals portfolio pruning toward premium spirits, opening room for bolt-on luxury brand acquisitions ahead of UK-FTA tariff relief.