United Spirits Share Price Target 2027: What Earnings Say About Rs 1,596 and Rs 1,933

Investors weighing a United Spirits target price for 2027 should start with where the stock sits today. At Rs 1,405.30 on 6 November 2026, it is 10.1% below its 52-week high of Rs 1,563.40 and 16.1% above its 52-week low of Rs 1,210.80. That range spans 29% from low to high, so the entry point matters as much as the United Spirits price forecast itself.

This article builds the United Spirits share price target from reported numbers only: five years of annual results, the last five quarters, the latest shareholding pattern and current valuation ratios from company filings and exchange data. Each scenario states its assumptions, so you can trace how the base case, the bull case and the downside risk level were reached and test them against your own view.

Click Here – Get Free Investment Predictions

United Spirits Stock Analysis: Company Overview and Key Stats

United Spirits (NSE: UNITDSPR) has a market capitalisation of Rs 1,01,629 crore. In FY26 it reported revenue of Rs 12,945 crore and net profit of Rs 1,709 crore. The table collects the figures the United Spirits share price target is built on.

Metric	Value
Company	United Spirits
NSE Ticker	UNITDSPR
CMP (6 November 2026)	Rs 1,405.30
52-Week High	Rs 1,563.40
52-Week Low	Rs 1,210.80
Market Cap	Rs 1,01,629 crore
PE Ratio (TTM)	54.99
Industry PE	53.06
Price to Book	11.21
Return on Equity	20.39%
Debt to Equity	0.05
EPS (TTM)	Rs 25.41
Dividend Yield	1.21%
12-Month Base Target	Rs 1,596
Bull Case	Rs 1,933
Downside Risk Level (not a target)	Rs 1,118

Why Is United Spirits Share Price Target Set at Rs 1,596 for 2027?

The arithmetic is short. Trailing EPS of Rs 25.41 grown for one year gives a forward EPS estimate of Rs 29.03, and multiplying it by the unchanged PE of 54.99 gives the Rs 1,596 base-case United Spirits stock target. The bull case adds faster earnings growth and a higher multiple, while the downside risk level assumes flat earnings and a lower multiple.

Earnings Growth Behind the United Spirits Target Price: Five Years of Results

United Spirits grew revenue from Rs 9,761 crore in FY22 to Rs 12,945 crore in FY26, a compound annual growth rate of 7.3%. Net profit grew faster, from Rs 810.60 crore to Rs 1,709 crore (20.5% a year), which shows margin gains did part of the work and not just higher sales.

Financial Year	Revenue (Rs Cr)	Net Profit (Rs Cr)	EPS (Rs)	Dividend per Share (Rs)
FY22	9,760.80	810.60	11.68	0.00
FY23	10,685.00	1,126.00	16.02	0.00
FY24	11,546.00	1,408.00	19.83	9.00
FY25	12,405.00	1,582.00	22.28	12.00
FY26	12,945.00	1,709.00	25.89	17.00

FY26 revenue growth was 4.4%, slower than the four-year average of 7.3%, and net profit moved up 8.0%. EPS rose from Rs 19.83 in FY24 to Rs 25.89 in FY26. The FY27 outlook depends on whether that EPS estimate keeps compounding.

Margins and the Latest Quarter

United Spirits converted 13.2% of FY26 revenue into net profit, against 12.8% in FY25, within a five-year range of 8.3% to 13.2%. EBITDA margin was 20.6% in FY26 versus 20.2% in FY25.

In the September 2026 quarter, revenue was Rs 7,079 crore, down 2.7% from the same quarter a year earlier, while net profit of Rs 428 crore was down 7.8%. EBITDA came in at Rs 708 crore, down 4.8% year on year. The next quarterly result is the first test of whether the earnings assumption holds.

Balance Sheet and Cash Flow

Debt to equity stands at 0.05, and shareholders' equity grew from Rs 4,875 crore in FY22 to Rs 8,957 crore in FY26. Operating cash flow in FY26 was Rs 1,459 crore against capital expenditure of Rs 181 crore, leaving free cash flow of Rs 1,278 crore, or 1.3% of the current market capitalisation. In FY25 free cash flow was Rs 1,785 crore.

Valuation Check for the United Spirits Stock Target: PE, Price to Book and ROE

At a PE of 54.99 against an industry PE of 53.06, United Spirits trades in line with its industry. Price to book is 11.21 on a book value of Rs 124.60 per share, and return on equity is 20.39%. A PE of 54.99 equals an earnings yield of 1.8%, and the FY26 dividend of Rs 17.00 per share gives a yield of 1.21%.

Shareholding Pattern and Institutional Holding

Promoters held 56.67% of United Spirits in September 2026, and promoter holding has stayed near 56.67% since September 2025. Foreign institutional investors (FII) held 12.85% and domestic institutions (DII) held 17.65%, which puts total institutional holding at 30.50%. FII holding fell from 14.38% in September 2025 to 12.85% in September 2026. Public shareholders own the remaining 12.83%. A meaningful institutional holding adds a layer of research coverage and trading depth.

United Spirits Share Price Targets for the Short Term and 12 Months

Short Term United Spirits Stock Target Levels: Technical Setup

At Rs 1,405.30 on 6 November 2026, United Spirits trades above its 50-day simple moving average of Rs 1,384.68 and above its 200-day exponential moving average of Rs 1,383.73. The 14-day RSI reads 52.8, which is neutral territory, and the MACD line sits above its signal line. The nearest resistance level is Rs 1,563.40 (52-week high) and the nearest support is Rs 1,384.68 (50-day simple moving average). A sustained move above Rs 1,563.40 would improve the short-term setup, while a close below Rs 1,384.68 would shift attention to the next support.

12 Month United Spirits Target Price for 2027

The 12-month target of Rs 1,596 means a move of 13.6% up from Rs 1,405.30 over the next 12 months. It would also push the stock above its 52-week high of Rs 1,563.40. Anyone checking the United Spirits share price target against their own view should focus on two inputs: the EPS estimate and the PE multiple.

How EPS Growth and PE Multiple Change the United Spirits Target Price

EPS Growth	PE 43.99	PE 54.99	PE 63.24
0.0% (EPS Rs 25.41)	Rs 1,118	Rs 1,397	Rs 1,607
14.3% (EPS Rs 29.03)	Rs 1,277	Rs 1,596	Rs 1,836
20.3% (EPS Rs 30.56)	Rs 1,344	Rs 1,680	Rs 1,933

Each cell multiplies the forward EPS estimate by the PE shown. Reading across a row shows what a de-rating or re-rating does to the United Spirits price forecast, and reading down a column shows what earnings growth is worth at a fixed multiple.

Bull Case and Downside Risk for United Spirits Stock Target in 2027

Bull Case Rs 1,933

The bull case United Spirits price target needs EPS growth of 20.3%, which lifts forward EPS to Rs 30.56, and a PE multiple that rises 15% to 63.24. That gives Rs 1,933, 37.6% above the current price and above the 52-week high of Rs 1,563.40, so the stock would have to set a fresh 52-week high.

Downside Risk Level Rs 1,118

The downside risk level is not a target. It assumes EPS stays flat at Rs 25.41 and the PE falls 20% to 43.99. That gives Rs 1,118, 20.4% below the current price and below the 52-week low of Rs 1,210.80.

Scenario	EPS Growth	PE Multiple	Price (Rs)	Change vs CMP
Bull Case	20.3%	63.24	Rs 1,933	+37.6%
Base Case	14.3%	54.99	Rs 1,596	+13.6%
Downside Risk	0.0%	43.99	Rs 1,118	-20.4%

Key Risks to the United Spirits Target Price for 2027

Growth Slowdown Risk for the United Spirits Price Target

Revenue in the September 2026 quarter was down 2.7% year on year, and FY26 revenue growth was 4.4%. A fall in sales would make the EPS growth behind the United Spirits stock target harder to reach.

Liquidity and Size Risk

United Spirits has a market capitalisation of Rs 1,01,629 crore. Institutional holding is 30.50%, and promoters hold 56.67%. A company of this size trades with deep liquidity, so entry and exit are rarely a problem, and the larger risk is paying too much for slow earnings growth.

Valuation and Margin Risk

Net margin was 13.2% in FY26, and a squeeze from higher costs or weaker pricing would hit earnings first. At a PE of 54.99 versus an industry PE of 53.06, a de-rating toward the downside-risk PE of 43.99 would cut the price even if earnings hold.

Market and Technical Risk

Technical indicators add short-term risk: the 14-day RSI is 52.8 and the MACD sits above its signal line. A broad fall in the Nifty 50 or the Sensex can override company fundamentals for weeks at a time.

How to Invest in United Spirits

Start with the live price and volume. Any United Spirits share price target is only as current as the data behind it, and the data here is as of 6 November 2026, so refresh the Rs 1,405.30 price before acting on any level.

Next, review the fundamentals yourself. The Univest Screener lets you check United Spirits' PE, ROE, debt and shareholding in one place.

Check United Spirits fundamentals on the Univest Screener

Then compare the three United Spirits target price scenarios with your own view. If you expect EPS growth below 14.3%, the base case is too optimistic for you; if you expect more, the bull case deserves weight.

Decide your position size and exit levels before you buy. The support and resistance levels above can serve as reference points, but they are not recommendations.

Finally, place the order through a SEBI-registered broker or the Univest app, and review the position after each quarterly result. Consult a SEBI-registered advisor if you are unsure.

Download the Univest iOS App or Univest Android App to track United Spirits live price and get daily stock recommendations.

Conclusion

The United Spirits share price target for 2027 is Rs 1,596 in the base case, with Rs 1,933 as the bull case. The support for that view is arithmetic you can check: EPS grew 14.3% a year over FY24 to FY26, and the stock trades at a PE of 54.99. The risks are equally concrete, including a valuation that can de-rate even when earnings hold and a downside scenario that cuts the price 20% if earnings stall. Use these numbers as a framework, check them against the latest filings, and size any position to your own risk appetite.

FAQs on United Spirits Share Price Target 2027

What is the United Spirits share price target for 2027?

Ans. The base-case United Spirits share price target for 2027 is Rs 1,596, which is 13.6% above the price of Rs 1,405.30 on 6 November 2026. The bull case is Rs 1,933 and the downside risk level, which is not a target, is Rs 1,118. All three come from one method: forward EPS multiplied by a PE multiple, using only reported results. They are model estimates and not guaranteed outcomes, and the next quarterly result is the first check on the EPS assumption.

What is the United Spirits share price today?

Ans. As of 6 November 2026, 9:57 AM IST, United Spirits (NSE: UNITDSPR) trades at Rs 1,405.30, up 0.77% on the day. That is 10.1% below the 52-week high of Rs 1,563.40 and 16.1% above the 52-week low of Rs 1,210.80. The market capitalisation of Rs 1,01,629 crore places it among large-cap stocks. Prices change through the trading session, so check the live quote before acting on any level in this article.

Is United Spirits a buy or sell at the current price?

Ans. The data points both ways. On the positive side, EPS has grown 14.3% a year over FY24 to FY26 and the base case implies 13.6% upside; on the cautious side, the valuation can de-rate even when earnings hold, and the downside risk level of Rs 1,118 is 20% below the current price. Whether United Spirits fits your portfolio depends on your time horizon, position size and risk appetite. Consult a SEBI-registered advisor before investing, as this article is not investment advice.

What are the bull case target and downside risk level for United Spirits shares?

Ans. The bull case in the United Spirits share price target for 2027 is Rs 1,933, which assumes 20.3% EPS growth and a PE of 63.24, a 15% re-rating from today's multiple. That is 37.6% above the current price and above the 52-week high of Rs 1,563.40, so the stock would have to set a fresh 52-week high. The downside risk level is Rs 1,118, which assumes flat EPS and a PE of 43.99, 20% lower than today. It sits 20.4% below the current price and below the 52-week low of Rs 1,210.80, and it marks a risk to watch, not a target.

What are the main risks to the United Spirits price target?

Ans. Four risks matter most for the United Spirits share price target: slower revenue or profit growth, a PE de-rating, thin liquidity or size risk, and weakness in the broader market. The market capitalisation of Rs 1,01,629 crore means liquidity is deep, so the bigger risk is paying a full price for slow earnings growth. A fall to the downside-risk PE of 43.99 would cut the price even if earnings hold.

What is the PE ratio of United Spirits and how does it compare with the industry?

Ans. The PE ratio of United Spirits is 54.99, against an industry PE of 53.06, which is a level close to the industry. Price to book is 11.21 and return on equity is 20.39%, and the PE equals an earnings yield of 1.8%. The base case holds the PE unchanged, so the United Spirits share price target moves only with earnings, while the bull and downside scenarios change the multiple by +15% and -20%.

Who owns United Spirits, and what is the promoter holding?

Ans. Promoters held 56.67% of United Spirits in September 2026. FII held 12.85%, DII held 17.65% and the public held 12.83%. Together the two institutional groups hold 30.50%. Shareholding is filed every quarter, so it is worth rechecking after each result.

What were United Spirits' latest quarterly results?

Ans. In the September 2026 quarter, United Spirits reported revenue of Rs 7,079 crore (down 2.7% year on year) and net profit of Rs 428 crore (down 7.8%). For comparison, FY26 full-year revenue growth was 4.4% and net profit moved up 8.0%. Each new quarter either supports or weakens the EPS growth of 14.3% assumed in the base case.