United Spirits Q2 Results FY27: PAT Falls 7.76% to Rs 428 Cr, Revenue Rs 3,264 Cr

United Spirits Ltd (UNITDSPR) Q2 Results FY27 announced on 28 October 2026, covering the company's financial performance for the July to September quarter. The results date brought consolidated revenue of Rs 3,264 Cr and net profit (PAT) of Rs 428 Cr. United Spirits Q2 Results FY27 therefore combine a 2.87% rise in sales with a 7.76% lower profit, and these consolidated results frame the analysis below.

This results analysis of United Spirits Q2 Results covers the financial highlights, business drivers, outlook and risks. It starts with the Financial Highlights table, built from the figures Univest tracks for every listed company that reports.

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United Spirits Q2 Results FY27: Financial Highlights

Metric	Q2 FY27 (Sep 26)	Q2 FY26 (Sep 25)	YoY Change
Revenue	Rs 3264 Cr	Rs 3173 Cr	+2.87% YoY
Operating Profit	Rs 643 Cr	Rs 667 Cr	-3.6% YoY
Net Profit (PAT)	Rs 428 Cr	Rs 464 Cr	-7.76% YoY

Source: company filing for United Spirits Q2 Results FY27, 28 October 2026. Figures in Rs Crore, Consolidated basis.

Key Takeaways from United Spirits Q2 Results: What Stands Out

• Revenue YoY growth of 2.87%: consolidated revenue reached Rs 3,264 Cr against Rs 3,173 Cr in the same quarter last year.
• Net profit down 7.76%: United Spirits Q2 Results FY27 show net profit of Rs 428 Cr compared with Rs 464 Cr a year earlier.
• Operating Profit Rs 643 Cr: this line eased 3.6% YoY from Rs 667 Cr, a smaller decline than the one in net profit.
• Return ratios: return on equity stood at 20.04% and return on capital employed at 27.86% in FY26.
• Margin watch: net profit margin narrowed to 13.1% from 14.6%, which the performance analysis below examines in detail.

United Spirits Q2 Results FY27: Performance Analysis

United Spirits Q2 Results FY27 show consolidated revenue of Rs 3,264 Cr, up 2.87% from Rs 3,173 Cr, while net profit slipped 7.76% to Rs 428 Cr from Rs 464 Cr. Operating Profit of Rs 643 Cr was 3.6% lower than the Rs 667 Cr recorded a year earlier. Sales and profit therefore moved in opposite directions this quarter.

Within United Spirits Q2 Results FY27, the gap between the three lines is the central point of the results analysis. Revenue added Rs 91 Cr YoY, but Operating Profit gave up Rs 24 Cr and net profit gave up Rs 36 Cr. The net profit margin moved to 13.1% from 14.6%, so the YoY growth in revenue did not carry through to profit.

Investors tracking United Spirits Q2 Results will also compare the sequential picture, since net profit was 7.6% lower than the Rs 463 Cr reported in the previous quarter. These quarterly results need to be read against the next filings, which is where the results analysis turns to the business factors.

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Key Business Factors This Quarter

Revenue Growth – The results analysis points first to revenue, which grew 2.9% year on year to Rs 3,264.00 Cr in the latest quarter. This is the disclosed top-line factor behind the consolidated figures and it sits beside the lower Operating Profit and net profit.

Return Ratios – Return on equity was 20.04% in FY26 and return on capital employed was 27.86% in FY26. These full-year ratios give context to the quarterly results by describing how the capital base has earned over the last financial year.

Balance Sheet Strength – United Spirits Q2 Results FY27 come from a company that is almost debt free, with a debt-to-assets ratio of 0.00 in FY26. The balance sheet therefore carries almost no borrowing against its assets while the profit lines are being compared.

FY27 Outlook After United Spirits Q2 Results

Full-year FY27 results for United Spirits will depend on the quarters still to be reported, and this quarter supplies one data point. On a results analysis basis, Rs 428 Cr of net profit for July to September 2026 sets the comparison for the next filing.

United Spirits Q2 Results FY27 leave two reference points for the rest of the year: revenue growth of 2.87% and a net profit decline of 7.76%. Investors can follow later disclosures on the Univest Screener and the Univest app, which brings the discussion to the risks.

Key Risks to Watch After United Spirits Q2 Results FY27

Lower Net Profit

Net profit fell 7.8% year on year to Rs 428.00 Cr from Rs 464 Cr. This is the first item investors will check in later filings, because revenue YoY growth of 2.87% did not carry through to profit.

Narrower Net Profit Margin

Net profit margin narrowed to 13.1% from 14.6% in the comparison quarter. United Spirits Q2 Results FY27 therefore show profit moving lower while sales rose, a gap that later quarters will either confirm or close.

Sequential Dip in Net Profit

Net profit was down 7.6% quarter on quarter from Rs 463.00 Cr. The sequential move sits beside the annual decline, and both comparisons will be refreshed when the next quarter is reported.

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Conclusion

United Spirits Q2 Results FY27 show consolidated revenue of Rs 3,264 Cr and net profit of Rs 428 Cr, which means higher sales and lower profit in the quarterly results. The revenue and profit moves are on record as consolidated results in the filing dated 28 October 2026. Anyone reading United Spirits Q2 Results should consult a SEBI-registered advisor before acting.

Frequently Asked Questions on United Spirits Q2 Results FY27

What are United Spirits Q2 Results FY27?

Ans. United Spirits Q2 Results FY27 are the Consolidated July to September 2026 quarterly results of United Spirits, with revenue of Rs 3,264 Cr and net profit of Rs 428 Cr, as the Quick Answer covers.

What is the results date for United Spirits Q2 Results FY27?

Ans. United Spirits declared the quarter on 28 October 2026, so the results date covers the July to September 2026 period, while the introduction explains how the consolidated figures were framed.

What revenue was reported in United Spirits Q2 Results FY27?

Ans. United Spirits reported consolidated revenue of Rs 3,264 Cr, compared with Rs 3,173 Cr a year earlier, which means revenue added Rs 91 Cr, as the Financial Highlights table shows.

What net profit was reported in United Spirits Q2 Results FY27?

Ans. United Spirits Q2 Results FY27 show net profit of Rs 428 Cr against Rs 464 Cr in the same quarter last year, so profit was Rs 36 Cr lower, as the Key Takeaways section notes.

How much YoY growth did revenue show in United Spirits Q2 Results FY27?

Ans. Revenue grew 2.87% YoY in the July to September quarter, from Rs 3,173 Cr to Rs 3,264 Cr, while net profit moved the other way, as the Performance Analysis explains.

Did net profit rise or fall in United Spirits Q2 Results?

Ans. United Spirits net profit fell 7.76% YoY to Rs 428 Cr from Rs 464 Cr, which means the bottom line declined even as revenue rose, as the Performance Analysis section discusses.

What was the Operating Profit in United Spirits Q2 Results FY27?

Ans. Operating Profit was Rs 643 Cr, down 3.6% from Rs 667 Cr a year earlier, so it fell by less than net profit did, as the Key Takeaways section outlines.

Are United Spirits Q2 Results consolidated results or standalone results?

Ans. The figures are consolidated results, covering United Spirits together with its group entities, so every revenue and profit number in the article follows the consolidated basis stated in the introduction.

What business factors shaped United Spirits Q2 Results FY27?

Ans. The disclosed factors are revenue growth of 2.9% YoY, return on equity of 20.04% and return on capital employed of 27.86% in FY26, alongside an almost debt free balance sheet.

What are the key risks after United Spirits Q2 Results FY27?

Ans. The listed risks are the 7.8% YoY fall in net profit, a net profit margin that narrowed to 13.1% from 14.6%, and a 7.6% quarter on quarter dip, as the risks section covers.

What is the outlook after United Spirits Q2 Results?

Ans. FY27 full-year results will depend on the quarters still to be reported, while Rs 428 Cr of quarterly net profit and 2.87% revenue growth are the reference points, as the Outlook section states.

Where can I find the complete United Spirits Q2 Results FY27 data?

Ans. The Financial Highlights table in this article carries the full revenue and net profit comparison, while the Univest Screener lets investors follow United Spirits filings alongside other listed companies.