United Spirits Limited is an Indian alcoholic beverages company and the world’s second-largest spirits company by volume. It is a subsidiary of Diageo and is headquartered in Bangalore, Karnataka. USL’s portfolio includes popular brands like Johnnie Walker, Black Dog, Smirnoff, and Captain Morgan. It exports its products to over 37 countries and promotes responsible drinking.
With a history of constant growth and a track record of delivering solid financial outcomes, the company is a desirable option for investors searching for a reliable investment opportunity.
In this article, we will examine the share price goal for United Spirits Ltd. from 2024 to 2030 and determine whether it is a wise investment. So, relax, grab a beverage, and let’s explore United Spirits Ltd.’s world.
United Spirits Q3 Results
- Q3FY24: United Spirits reports a 63% YoY increase in consolidated net profit to Rs 350.2 crore.
- Consolidated revenue grows by 5.3% YoY, reaching Rs 6,962 crore.
- Volumes decline by 1.8% YoY to 16,476 cases in the quarter.
- Prestige and Above (PA) category sales surge by 10% YoY to Rs 2369 crore.
- PA category volumes increase by 4.6% to 13,419 cases in Q3FY24.
- Sales in the popular category drop by 12.6% YoY to Rs 305 crore.
- CEO, Hina Nagarajan, credits the positive results to continuous improvement and strong consumer engagement during festivals, the cricket world cup, and the peak wedding season.
Below are the trading platforms that you can use to purchase United Spirits shares:
- Zerodha
- Upstox
- Groww
- AngelOne
- ICICIDirect
We recommend PayTM Money:
| When | Maximum Price | Minimum Price |
| February 2024 | 1,122.00 | 975.65 |
| March 2024 | 1,144.90 | 995.56 |
| April 2024 | 1,111.55 | 966.57 |
| May 2024 | 1,095.12 | 952.28 |
| June 2024 | 1,134.55 | 986.56 |
| July 2024 | 1,123.20 | 976.70 |
| August 2024 | 1,168.13 | 1,015.77 |
| September 2024 | 1,214.86 | 1,056.40 |
| October 2024 | 1,191.04 | 1,035.68 |
| November 2024 | 1,226.77 | 1,066.75 |
| December 2024 | 1,257.44 | 1,093.42 |
In February 2024, United Spirits is expected to see a maximum price of 1,122.00 and a minimum price of 975.65. Throughout the year, these prices are projected to fluctuate, with December 2024 anticipating a maximum price of 1,257.44 and a minimum price of 1,093.42 for United Spirits.
| When | Maximum Price | Minimum Price |
| January 2025 | ₹1,394.74 | ₹1,072.88 |
| February 2025 | ₹1,430.51 | ₹1,100.39 |
| March 2025 | ₹1,486.30 | ₹1,143.31 |
| April 2025 | ₹1,457.15 | ₹1,120.89 |
| May 2025 | ₹1,414.71 | ₹1,088.24 |
| June 2025 | ₹1,478.37 | ₹1,137.21 |
| July 2025 | ₹1,449.39 | ₹1,114.91 |
| August 2025 | ₹1,494.21 | ₹1,149.39 |
| September 2025 | ₹1,546.51 | ₹1,189.62 |
| October 2025 | ₹1,586.72 | ₹1,220.55 |
| November 2025 | ₹1,626.39 | ₹1,251.07 |
| December 2025 | ₹1,667.05 | ₹1,282.34 |
In 2025, United Spirits’ share price is anticipated to demonstrate a progressive trend, reflecting a range of ₹1,072.88 to ₹1,394.74 in January and extending throughout the year. By December 2025, the projected share price is expected to fluctuate between ₹1,282.34 and ₹1,667.05. These forecasted values provide insights into potential market dynamics and investor expectations for United Spirits in the coming year.
| Year | Maximum Price | Minimum Price |
| 2026 | ₹1,750.40 | ₹1,225.28 |
| 2027 | ₹1,925.44 | ₹1,347.81 |
| 2028 | ₹2,695.62 | ₹1,347.81 |
| 2029 | ₹2,333.87 | ₹1,166.93 |
| 2030 | ₹3,034.03 | ₹2,123.82 |
United Spirits’ share price targets for the years 2026 to 2030 indicate a positive outlook. The forecast suggests a steady increase, with the price projected to range from ₹1,225.28 to ₹1,750.40 in 2026. Subsequent years show an upward trajectory, reaching a maximum of ₹3,034.03 and a minimum of ₹1,166.93 in 2030. These projections highlight potential growth and optimism in the market for United Spirits over the specified period.
Financial Condition of United Spirits: Last 5 years
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Sales (Rs. Crores) |
9,341 | 9,325 | 8,131 | 9,712 | 10,612 |
| Expenses (Rs. Crores) |
7,947 | 7,756 | 7,080 | 8,104 | 9,196 |
| Operating Profit (Rs. Crores) |
1,394 | 1,569 | 1,051 | 1,608 | 1,416 |
| OPM (%) | 15% | 17% | 13% | 17% | 13% |
| Other Income (Rs. Crores) |
70 | 89 | -25 | -130 | 250 |
| Interest (Rs. Crores) |
237 | 212 | 188 | 88 | 104 |
| Depreciation (Rs. Crores) |
215 | 285 | 299 | 304 | 282 |
| Profit before Tax (Rs. Crores) |
1,012 | 1,160 | 540 | 1,087 | 1,279 |
| Tax (%) | 32% | 47% | 33% | 25% | 12% |
| Net Profit (Rs. Crores) |
684 | 621 | 362 | 811 | 1,126 |
| EPS (Rs) | 9.64 | 9.07 | 5.28 | 11.40 | 15.62 |
United Spirits Ltd (USL) has charted a captivating financial expedition over the last five years, weaving an enchanting tale of triumphs and tribulations. Sales figures have witnessed a mesmerizing dance, scaling breathtaking heights of Rs. 10,612 crores in 2023 while navigating the depths of Rs. 8,131 crores in 2021.
Amidst this dynamic landscape, USL has showcased an unwavering mastery in cost management, with the enchanting rhythm of the operating profit margin (OPM) swaying between 13% and 17%. A pinnacle moment arrived in 2022 when USL fearlessly acquired Nao Spirits & Beverages Private Limited, infusing the narrative with a vibrant infusion of ambition and possibility. United Spirits Ltd has mesmerized investors and connoisseurs alike with its resolute spirit and triumphant journey to financial success.
FAQS
As of February 5th, 2024, the current share price of United Spirits is 1,090 INR.
According to our analysis, United Spirits could reach a maximum of ₹1,667.05 by the end of 2025.
Factors like strong financial performance, growth in sales and revenue, expanding market share, and positive market sentiment can contribute to the rise in United Spirits’ share price.
What are the risks associated with investing in United Spirits?
The risks associated with investing in United Spirits include market volatility, regulatory changes, competition, and changes in consumer preferences.
What is United Spirits’ revenue growth rate?
United Spirits’ revenue has experienced a fluctuating growth rate over the last five years, reaching a peak of Rs. 10,612 crores in 2023, reflecting a compound annual growth rate over this period.
What is United Spirits’ profit growth rate?
United Spirits have demonstrated varying profit growth rates over the last five years, with the net profit increasing from Rs. 684 crores in 2019 to Rs. 1,126 crores in 2023, reflecting a positive trajectory and an overall growth trend.
Considering United Spirits Ltd’s strong financial performance, diverse and popular brand portfolio, and positive market outlook, investing in its shares could be a favorable option for those seeking a reliable and potentially rewarding investment opportunity. However, as with any investment, it’s important to carefully assess associated risks and conduct thorough research before making a decision.
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Conclusion
United Spirits Limited (USL), a subsidiary of Diageo and the world’s second-largest spirits company, has reported impressive Q3FY24 results, featuring a notable 63% YoY increase in net profit and a 5.3% YoY growth in consolidated revenue. With an esteemed portfolio encompassing brands such as Johnnie Walker and Smirnoff, USL maintains a strong market presence. The forecasted positive trajectory in share prices from 2024 to 2030 positions USL as an appealing investment choice, supported by its consistent growth, strategic acquisitions, and solid financial performance in the dynamic alcoholic beverages sector.
I do not have any holding on United Spirits, but to me it looks like it is about to break out.
What did we learn?
- 1 United Spirits Q3 Results
- 2 How to purchase United Spirits shares?
- 3 United Spirits Share Price Prediction: 2024 to 2030
- 4 Financial Condition of United Spirits: Last 5 years
- 5 FAQS
- 5.1 What is the current share price of United Spirits?
- 5.2 What is the share target price for United Spirits by 2025?
- 5.3 What factors can contribute to the rise in United Spirits’ share price?
- 5.4 What are the risks associated with investing in United Spirits?
- 5.5 What is United Spirits’ revenue growth rate?
- 5.6 What is United Spirits’ profit growth rate?
- 5.7 Should I invest in United Spirits’ shares?
- 6 Conclusion
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