United Spirits vs United Breweries vs Radico Khaitan: Which Stock Should You Track

United Spirits vs United Breweries vs Radico Khaitan starts with the core numbers most investors compare within the Alcoholic Beverages segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.

All three names sit in the Alcoholic Beverages bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.

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United Spirits, United Breweries and Radico Khaitan: Company Overview

United Spirits is a listed Indian company in the Alcoholic Beverages space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

United Breweries is a listed Indian company in the Alcoholic Beverages space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

Radico Khaitan is a listed Indian company in the Alcoholic Beverages space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

United Spirits vs United Breweries vs Radico Khaitan: Valuation and Profitability Snapshot

Metric	United Spirits	United Breweries	Radico Khaitan
Market Cap (approx.)	Rs 1,01,473 crore	Rs 32,153 crore	Rs 60,033 crore
PE Ratio (TTM)	53.86	81.29	85.33
PB Ratio	11.33	7.11	18.11
Return on Equity (ROE)	20.53%	9.14%	18.23%
EPS (TTM, Rs)	25.90	14.96	52.51
Dividend Yield	1.21%	0.82%	0.20%
Debt to Equity	0.05	0.29	0.15
Book Value per Share (Rs)	123.10	171.03	247.48

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On valuation, United Spirits trades at a PE of 53.86 and a PB of 11.33, United Breweries at a PE of 81.29 and a PB of 7.11, while Radico Khaitan trades at a PE of 85.33 and a PB of 18.11. On return on equity, the three post 20.53%, 9.14% and 18.23% respectively, and on dividend yield they stand at 1.21%, 0.82% and 0.20%.

United Spirits vs United Breweries vs Radico Khaitan: Latest Quarterly Results

Company	Latest Quarter Revenue	Latest Quarter Net Profit	YoY Change (Revenue)	QoQ Change (Revenue)
United Spirits	Rs 6,195.00 crore	Rs 463.00 crore	-2.7%	-13.4%
United Breweries	Rs 5,970.15 crore	Rs 166.28 crore	+10.7%	+35.2%
Radico Khaitan	Rs 5,869.46 crore	Rs 229.60 crore	+10.4%	+13.1%

Quarterly figures above are the most recent reported quarter for each company (Q1 FY28, quarter ended June 2026), compared with the year-ago and preceding quarter.

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What Should Investors Look at Beyond These Numbers?

Beyond the metrics above, investors comparing these three alcoholic beverages names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.

Conclusion

United Spirits vs United Breweries vs Radico Khaitan highlights how differently three companies in the same alcoholic beverages segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.

FAQs on United Spirits vs United Breweries vs Radico Khaitan

What is the market cap difference between United Spirits, United Breweries and Radico Khaitan?

Ans. As of September 2026, United Spirits has a market cap of approximately Rs 1,01,473 crore, United Breweries is at approximately Rs 32,153 crore, and Radico Khaitan is at approximately Rs 60,033 crore.

Which of the three has the highest PE ratio?

Ans. Among United Spirits, United Breweries and Radico Khaitan, the PE ratios stand at 53.86, 81.29 and 85.33 respectively as of September 2026.

Which of the three has the highest ROE?

Ans. United Spirits, United Breweries and Radico Khaitan post ROE of 20.53%, 9.14% and 18.23% respectively as of September 2026.

Which of these three stocks pays the highest dividend yield?

Ans. United Spirits, United Breweries and Radico Khaitan carry dividend yields of 1.21%, 0.82% and 0.20% respectively.

What is the debt to equity ratio for United Spirits, United Breweries and Radico Khaitan?

Ans. United Spirits carries a debt to equity of 0.05, United Breweries of 0.29, and Radico Khaitan of 0.15.

Which of the three trades at the highest price to book value?

Ans. United Spirits, United Breweries and Radico Khaitan trade at price to book ratios of 11.33, 7.11 and 18.11 respectively.

Is one of United Spirits, United Breweries or Radico Khaitan better than the others?

Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor's own criteria and research.