Top Liquor Stocks Compared: United Spirits vs Radico Khaitan vs United Breweries vs Allied Blenders vs Tilaknagar Industries on Price, Valuation, Q2 FY27 Results and Risks

Liquor stocks compared here means United Spirits, Radico Khaitan, United Breweries, Allied Blenders and Tilaknagar Industries on one page, checked on previous close, market value, valuation and the latest quarterly numbers. All five sell alcoholic beverages, but they differ in whether they make spirits or beer, how premium their brands are and how large their portfolios have become, which is exactly why a side-by-side look helps.

All five liquor companies have filed their September 2026 quarter, so every result below is Q2 FY27. Liquor demand follows consumer spending and state excise rules, so a glance at the Nifty 500 page and the Sensex page before you read the tables gives useful backdrop.

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Liquor Stocks Compared: Spirits and Beer Makers on the List

The liquor stocks compared here are United Spirits, Radico Khaitan, United Breweries, Allied Blenders and Tilaknagar Industries. United Spirits is the largest by market capitalisation at Rs 1,04,011 crore. Previous closes run from Rs 482.00 for Tilaknagar Industries to Rs 4,499.20 for Radico Khaitan, which is why a side-by-side look at value rather than price is more useful. This liquor stocks compared list is the base for every table that follows.

Stock	Previous close (Rs)	Market cap (Rs crore)
United Spirits	1,412.00	1,04,011
Radico Khaitan	4,499.20	60,965
United Breweries	1,202.40	32,432
Allied Blenders	709.05	20,103
Tilaknagar Industries	482.00	12,018

A quick look at the business behind each ticker puts the numbers in context. United Spirits is a leading maker of whisky and other spirits, backed by Diageo, while Radico Khaitan makes whisky, brandy and other spirits, including 8PM and Magic Moments. United Breweries is a leading beer maker known for the Kingfisher brand, and Allied Blenders makes whisky and other spirits, including the Officer's Choice brand. To compare liquor stocks properly, line up price to earnings, return on equity and debt to equity before forming a view.

Rounding out the group, Tilaknagar Industries makes brandy and other spirits, including the Mansion House brand. A fair liquor stock comparison looks at what each company actually earns from, not only at the share price. Spirits makers and brewers belong in separate mental boxes whenever you compare liquor stocks fairly.

Liquor Stocks Valuation: Premium Multiples and Returns

United Spirits trades at the lowest price to earnings ratio in this group at 56.28. Radico Khaitan reports the highest return on equity at 21.70%. Tilaknagar Industries has the lowest price to book value at 3.98. These liquor stocks valuation readings come from the previous close and the latest reported financials. That is the idea behind this liquor stocks compared table: price to earnings and return on equity sit side by side so a high or low reading stands out at once.

Stock	Price to earnings	Price to book	ROE (%)	Dividend yield (%)	Debt to equity
United Spirits	56.28	11.48	20.39	1.18	0.05
Radico Khaitan	76.56	16.61	21.70	0.20	0.11
United Breweries	66.99	7.11	10.62	0.82	0.25
Allied Blenders	93.10	12.25	13.90	0.75	0.85
Tilaknagar Industries		3.98	6.84	0.21	0.73

Liquor stocks usually trade at premium price to earnings multiples because investors pay for strong brands and a shift towards premium bottles. Return on equity and debt to equity help you judge whether that premium is earned and how comfortably each company funds growth. Earnings per share and book value per share are the building blocks behind price to earnings and price to book, so a glance at both in each filing is time well spent. A simple liquor stock comparison like this one is only as useful as the context behind it, which is why debt to equity is worth checking as well.

In this group, price to earnings runs from 56.28 for United Spirits to 93.10 for Allied Blenders. United Spirits offers the highest dividend yield at 1.18%. The industry price to earnings for this group stands at 53.63, which is the benchmark each stock above can be read against. The industry price to earnings is a handy anchor: a liquor stock above it is priced for faster growth, and one below it is priced for steadier earnings. A well-built liquor stock comparison also notes that grain and packaging costs can move margins between quarters. Run the same liquor stock comparison on your own watchlist and the pattern in these numbers will be easier to spot. Whenever you compare liquor stocks, note whether a premium is backed by returns or only by size.

Liquor Stocks Q2 FY27 Results: Revenue and Profit Check

All of the five liquor stocks compared have filed Q2 FY27 numbers. Tilaknagar Industries posted the fastest revenue growth at 165.7% year on year. United Breweries showed the sharpest rise in net profit at 190.9%. Read revenue first and quarterly profit second, since the two together show how much of the growth reaches shareholders. Treat the Q2 FY27 numbers in this liquor stocks compared review as a snapshot of one quarter, not a verdict on any liquor company.

Stock	Q2 FY27 revenue (Rs crore)	Q2 FY26 revenue (Rs crore)	Q2 FY27 net profit (Rs crore)	Q2 FY26 net profit (Rs crore)
United Spirits	7,079	7,276
Radico Khaitan	5,588	5,059	232.3	139.6
United Breweries	4,664	3,752	134.8	46.3
Allied Blenders	2,089	1,957	69.0	62.9
Tilaknagar Industries	2,438	917.7

United Spirits Results Snapshot

For the September 2026 quarter, United Spirits booked revenue of Rs 7,079 crore.

Radico Khaitan Results Snapshot

Radico Khaitan's Q2 FY27 top line stood at Rs 5,588 crore, versus Rs 5,059 crore in Q2 FY26, a rise of 10.4%. Net profit rose 66.5% to Rs 232.3 crore from Rs 139.6 crore. Operating margin expanded to 6.5% from 4.8% a year ago. Earnings per share for the quarter rose to Rs 17.33 from Rs 10.42.

United Breweries Results Snapshot

United Breweries reported Q2 FY27 revenue of Rs 4,664 crore, compared with Rs 3,752 crore a year earlier, a rise of 24.3%. Net profit rose 190.9% to Rs 134.8 crore from Rs 46.3 crore. Operating margin expanded to 6.5% from 3.9% a year ago. Earnings per share for the quarter rose to Rs 5.12 from Rs 1.76.

Allied Blenders Results Snapshot

In the September 2026 quarter, Allied Blenders booked revenue of Rs 2,089 crore against Rs 1,957 crore in the same quarter last year, a rise of 6.7%. Net profit rose 9.7% to Rs 69.0 crore from Rs 62.9 crore. Operating margin expanded to 6.9% from 6.7% a year ago. Earnings per share for the quarter rose to Rs 2.56 from Rs 2.23.

Tilaknagar Industries Results Snapshot

Tilaknagar Industries' Q2 FY27 top line stood at Rs 2,438 crore, versus Rs 917.7 crore in Q2 FY26, a rise of 165.7%.

Liquor results depend on volumes, the mix of premium products and grain, glass and packaging costs, so profit can look different from revenue in a single quarter. That is why a liquor stock comparison works best when revenue and profit are read together across two or three quarters. Used this way, a liquor stocks compared review becomes a map of the sector rather than a price list. When you compare liquor stocks after each result season, track how debt to equity changes from one quarter to the next. A liquor stock comparison built on one quarter of data is a starting point, and the next set of results will update it.

Liquor Stocks Compared Two at a Time: Three Pairings

Readers rarely want a five-way table and nothing else, so here are three head-to-head reads drawn from the same data. Use them as a quick way to compare liquor stocks two at a time.

United Spirits vs Radico Khaitan

United Spirits and Radico Khaitan are two of the best-known spirits makers, with United Spirits backed by Diageo and Radico known for its mass and premium whisky brands. On price to earnings, United Spirits carries the lower multiple at 56.28 against 76.56 for Radico Khaitan. Radico Khaitan reports the higher return on equity, at 21.70% against 20.39% for United Spirits. For dividend income, United Spirits offers 1.18% against 0.20% at Radico Khaitan. A leader with a global parent and a homegrown maker are priced differently, so read growth next to valuation before you judge either multiple.

United Breweries vs United Spirits

United Breweries is the beer specialist and United Spirits is the spirits specialist, so the pair shows how two parts of the alcohol business earn differently. United Spirits is about 3.2 times the size of United Breweries by market capitalisation, at Rs 1,04,011 crore against Rs 32,432 crore. United Spirits reports the higher return on equity, at 20.39% against 10.62% for United Breweries. For dividend income, United Spirits offers 1.18% against 0.82% at United Breweries. Beer and spirits follow different cost and demand patterns, so read the business mix before you read the ratio.

Allied Blenders vs Tilaknagar Industries

Allied Blenders and Tilaknagar Industries are both building their presence in whisky and brandy, which makes them a natural pair for readers who want mid-sized names. Allied Blenders is about 1.7 times the size of Tilaknagar Industries by market capitalisation, at Rs 20,103 crore against Rs 12,018 crore. On price to book, Tilaknagar Industries sits lower at 3.98 against 12.25 for Allied Blenders. Allied Blenders reports the higher return on equity, at 13.90% against 6.84% for Tilaknagar Industries. Both are growing their brand portfolios, so read returns next to valuation before you judge either multiple.

Best Liquor Stocks for Each Type of Investor

If you are asking which of the best liquor stocks here suits you, the answer depends on what you value. The table below shows who leads on each measure today, which is the fairest way to answer without naming a single winner. Any liquor stocks compared table can mislead if you stop at one row, because each liquor company leads on a different measure.

If you care most about	Start your research with	The number
Lowest price to earnings	United Spirits	56.28
Highest return on equity	Radico Khaitan	21.70%
Highest dividend yield	United Spirits	1.18%
Lowest price to book value	Tilaknagar Industries	3.98
Largest by market capitalisation	United Spirits	Rs 1,04,011 crore
Fastest Q2 FY27 revenue growth	Tilaknagar Industries	165.7%
Sharpest Q2 FY27 net profit rise	United Breweries	190.9%

No single name tops every row, which is exactly why a liquor stock comparison helps. Scale, returns, payouts and valuation each point to a different company, so decide what matters most to you before you rank the numbers.

What Is Driving Demand for Liquor Right Now?

Rising incomes and a steady shift from regular to premium bottles keep volumes and prices moving up for spirits makers. Beer demand tends to follow summer weather and urban consumption. Knowing what moves premium brand mix and input costs helps you compare liquor stocks with the right questions in mind.

Volumes, price increases and the mix of premium brands decide revenue, while grain, glass and packaging costs decide margin. Companies that add premium brands can lift profit per bottle. A good liquor stocks compared routine therefore tracks volumes, premium mix, input costs and state excise rules.

Risks to Weigh When You Compare Liquor Stocks

Liquor stocks depend on state excise rules, taxes and licence policies, which differ across the country. Grain, glass and packaging costs can also move margins. Read each filing for volume, premium mix and cost commentary before you compare them. Every liquor stock comparison has blind spots, and for this group the biggest is premium brand mix and input costs.

Because volumes, premium mix, input costs and state excise rules drive these businesses, the most useful habit is to read the management commentary that comes with every result and note what is expected for the next quarter. Read together, the risk notes and the tables make this liquor stocks compared guide a balanced starting point.

How to Compare Liquor Stocks and Build a Shortlist

Start by deciding whether you want spirits, beer, a premium portfolio or a mass portfolio, because each responds to different triggers. Premium-led names reward readers who track brand mix, while volume-led names reward those who track growth in cases sold. Done step by step, this liquor stocks compared routine becomes repeatable rather than a one-off exercise.

Then check valuation and debt, because premium multiples leave less room for slips and new brands need investment. Spreading your attention across one large leader and one mid-sized name is a simple way to see both sides of the sector. Keep the shortlist of best liquor stocks short enough that you can actually follow each company's quarterly results. When you compare liquor stocks again after new results, update only the rows that changed instead of starting over.

The Univest stock screener lets you filter liquor stocks by market capitalisation, return on equity and price to earnings, and the app keeps live prices a tap away through the trading day. Come back to this liquor stocks compared page after the next set of results to see which numbers have moved.

Check the Univest Screener for live liquor stock data

Download the Univest iOS App or Univest Android App to track these liquor stocks live.

Conclusion: Liquor Stocks Compared at a Glance

This liquor stocks compared review on price, valuation and Q2 FY27 results shows that no single name wins every measure. United Spirits leads on size and Radico Khaitan leads on return on equity, while the others bring their own strengths. Treat the liquor stocks Q2 FY27 results and liquor stocks valuation tables as a research starting point, then check the filings and speak to a SEBI-registered advisor before you invest. If you plan to compare liquor stocks again next quarter, the same checklist of price to earnings, return on equity and debt to equity will work.

Frequently Asked Questions on Liquor Stocks Compared

Which are the top liquor stocks compared in this article?

Ans. The liquor stocks compared in this article are United Spirits, Radico Khaitan, United Breweries, Allied Blenders and Tilaknagar Industries. They are checked on previous close, market capitalisation, price to earnings, price to book, return on equity and the latest quarterly results, so you get a clear side-by-side starting point before you open any single company's filings in more depth.

Which liquor stock has the highest market capitalisation?

Ans. Among the five names, United Spirits has the highest market capitalisation at Rs 1,04,011 crore. Radico Khaitan follows at Rs 60,965 crore. Market capitalisation is the total value the market places on a company and moves with the share price every day, so check the live figure before you rely on it.

Which of these liquor stocks has the lowest price to earnings ratio?

Ans. On liquor stocks valuation, United Spirits has the lowest price to earnings ratio among these liquor stocks at 56.28, based on the latest reported earnings. Allied Blenders sits at the other end at 93.10. A lower multiple is not automatically better, since growth, margins and business quality all influence what investors are willing to pay.

Which liquor stock has the highest return on equity?

Ans. Radico Khaitan reports the highest return on equity in this group at 21.70%. Return on equity shows how much profit a company earns on shareholder funds, so a higher figure usually points to efficient use of capital. Compare it over several years, and keep debt levels in mind, because heavy borrowing can lift the ratio.

How did liquor stocks perform in Q2 FY27 results?

Ans. All of the five names have filed Q2 FY27 numbers in our data. Tilaknagar Industries recorded the fastest revenue growth at 165.7% year on year. United Breweries showed the sharpest net profit rise at 190.9%. For liquor stocks Q2 FY27 results, each filing on the exchange website carries the full detail behind these figures.

What are the main risks when you compare liquor stocks?

Ans. Liquor stocks depend on state excise rules, taxes and licence policies, which differ across the country. Grain, glass and packaging costs can also move margins. Read each filing for volume, premium mix and cost commentary before you compare them. Keep an eye on volumes, premium mix, input costs and state excise rules.

Which metrics matter most when you compare liquor stocks?

Ans. Volume growth, the share of premium brands, gross margin and input costs matter most for operating performance. Price to earnings, return on equity and debt to equity show how the market values each company and how growth is funded. Read each company's filing for these along with the numbers in this article.

Which is the best liquor stock to buy among these five?

Ans. The best liquor stock depends on whether you value scale, a premium brand mix or a beer business, because the five names differ on all three. On the numbers in this article, United Spirits has the largest market capitalisation, the lowest price to earnings and the highest dividend yield; Radico Khaitan has the highest return on equity. No single stock tops every measure, and none of this is a recommendation. Use the tables to build a shortlist, check the latest filings, and speak to a SEBI-registered advisor before you decide, since your goals, time horizon and risk appetite matter more than any ranking.