United Spirits Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Jun '25 Jun 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021	2016 - 2020
Operating Revenue	121,260	120,690	113,210	106,120	97,124	81,313	Upgrade
Other Revenue	370	-	-	-	-	-	Upgrade
Revenue	121,630	120,690	113,210	106,120	97,124	81,313	Upgrade
Revenue Growth (YoY)	6.55%	6.61%	6.68%	9.26%	19.45%	-12.80%	Upgrade
Cost of Revenue	63,810	64,620	61,140	61,350	53,701	45,397	Upgrade
Gross Profit	57,820	56,070	52,070	44,770	43,423	35,916	Upgrade
Selling, General & Admin	20,540	19,890	18,040	17,630	15,996	13,599	Upgrade
Other Operating Expenses	15,160	13,740	13,980	12,960	11,475	11,280	Upgrade
Operating Expenses	38,570	36,460	34,770	33,420	30,380	28,241	Upgrade
Operating Income	19,250	19,610	17,300	11,350	13,043	7,675	Upgrade
Interest Expense	-1,160	-890	-760	-1,040	-880	-1,876	Upgrade
Interest & Investment Income	1,080	1,080	1,300	320	61	111	Upgrade
Earnings From Equity Investments	-120	-70	-10	-10	-	-13	Upgrade
Currency Exchange Gain (Loss)	-	-	-	-	4	8	Upgrade
Other Non Operating Income (Expenses)	380	380	140	10	27	23	Upgrade
EBT Excluding Unusual Items	19,430	20,110	17,970	10,630	12,255	5,928	Upgrade
Merger & Restructuring Charges	-650	-650	-480	-1,960	-	-	Upgrade
Gain (Loss) on Sale of Investments	900	900	650	200	6	-	Upgrade
Gain (Loss) on Sale of Assets	990	990	120	200	123	168	Upgrade
Asset Writedown	-	-	-	-	-340	-139	Upgrade
Other Unusual Items	-140	-	310	3,720	-1,178	-557	Upgrade
Pretax Income	20,530	21,350	18,570	12,790	10,866	5,400	Upgrade
Income Tax Expense	5,390	5,530	4,490	1,530	2,760	1,779	Upgrade
Earnings From Continuing Operations	15,140	15,820	14,080	11,260	8,106	3,621	Upgrade
Net Income to Company	15,140	15,820	14,080	11,260	8,106	3,621	Upgrade
Minority Interest in Earnings	-	-	-	110	180	215	Upgrade
Net Income	15,140	15,820	14,080	11,370	8,286	3,836	Upgrade
Net Income to Common	15,140	15,820	14,080	11,370	8,286	3,836	Upgrade
Net Income Growth	6.92%	12.36%	23.84%	37.22%	116.01%	-41.78%	Upgrade
Shares Outstanding (Basic)	710	710	710	710	709	709	Upgrade
Shares Outstanding (Diluted)	710	710	710	710	709	709	Upgrade
Shares Change (YoY)	0.10%	-	0.06%	0.04%	-	-	Upgrade
EPS (Basic)	21.32	22.28	19.83	16.02	11.68	5.41	Upgrade
EPS (Diluted)	21.32	22.28	19.83	16.02	11.68	5.41	Upgrade
EPS Growth	6.82%	12.36%	23.76%	37.16%	116.01%	-41.78%	Upgrade
Free Cash Flow	-	17,850	10,200	4,780	8,434	16,588	Upgrade
Free Cash Flow Per Share	-	25.14	14.37	6.74	11.89	23.39	Upgrade
Dividend Per Share	-	12.000	9.000	-	-	-	Upgrade
Dividend Growth	-	33.33%	-	-	-	-	Upgrade
Gross Margin	47.54%	46.46%	45.99%	42.19%	44.71%	44.17%	Upgrade
Operating Margin	15.83%	16.25%	15.28%	10.70%	13.43%	9.44%	Upgrade
Profit Margin	12.45%	13.11%	12.44%	10.71%	8.53%	4.72%	Upgrade
Free Cash Flow Margin	-	14.79%	9.01%	4.50%	8.68%	20.40%	Upgrade
EBITDA	20,458	20,840	18,620	12,770	14,885	9,525	Upgrade
EBITDA Margin	16.82%	17.27%	16.45%	12.03%	15.33%	11.71%	Upgrade
D&A For EBITDA	1,208	1,230	1,320	1,420	1,842	1,850	Upgrade
EBIT	19,250	19,610	17,300	11,350	13,043	7,675	Upgrade
EBIT Margin	15.83%	16.25%	15.28%	10.70%	13.43%	9.44%	Upgrade
Effective Tax Rate	26.25%	25.90%	24.18%	11.96%	25.40%	32.94%	Upgrade
Revenue as Reported	277,060	276,120	262,430	278,890	310,973	274,581	Upgrade
Advertising Expenses	-	11,300	10,480	9,220	6,949	5,747	Upgrade

Updated Jan 23, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.