United Spirits Q4: Profit Jumps 28% to Rs 539 Cr, Margins Expand to 19.4%

Diageo's India arm posted Q4FY26 net profit of Rs 539 crore, up 28% YoY, on 3.7% revenue growth to Rs 3,054 crore. Ebitda rose 16% to Rs 593 crore as margin expanded 210 bps to 19.4%. Board declared Rs 11/share final dividend with July 8, 2026 record date.

— FiledThu, 14 May, 2026, 19:53 IST·First seen Thu, 14 May, 2026, 20:16 IST·Source NDTV Profit

What happened

United Spirits Q4FY26 net profit rose 28% YoY to Rs 539 crore on 3.7% revenue growth to Rs 3,054 crore. Ebitda margin expanded to 19.4%. Board declared Rs

Key facts

  • Net profit Rs 539 crore (+28% YoY)
  • Revenue Rs 3,054 crore (+3.7%)
  • Ebitda Rs 593 crore (+16%)
  • Ebitda margin 19.4% vs 17.3%
  • Final dividend Rs 11/share
  • Record date July 8, 2026
  • Stock Rs 1,272.50

Why this matters

Diageo India's margin re-rating to 19.4% strengthens the case for premium spirits M&A and bolt-on acquisitions in adjacent categories at attractive multiples.