United Spirits Ltd, India’s largest spirits manufacturer, witnessed its shares rally over 6% in early trade on Friday after the company reported robust earnings for the September quarter (Q2 FY26), comfortably surpassing Street expectations. As of 9:28 AM, the shares were trading 6.46% higher at Rs 1,484.70.
The company’s consolidated net profit jumped 36.1% year-on-year to ₹464 crore, beating CNBC-TV18’s poll estimate of ₹387 crore. Revenue rose 11.6% to ₹3,173 crore, higher than the expected ₹3,080 crore, driven by strong performance across its premium brands and resilient consumer demand.
Operating performance also showed impressive growth. EBITDA climbed 31.5% year-on-year to ₹660 crore, significantly above the forecast of ₹552 crore, as the company continued to benefit from improved product mix and cost efficiency.
Margins expanded notably during the quarter. EBITDA margin improved to 20.8%, up from 17.7% in the same quarter last year and well ahead of the estimated 17.9%, reflecting effective price management and operational discipline.
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