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United Spirits Valuation Multiples
Discover revenue and EBITDA valuation multiples for United Spirits and similar public comparables like Tsingtao Brewery, China Resources Beer, Jiangsu Yanghe Distillery, Campari Group and more.
United Spirits Overview
About United Spirits
United Spirits Ltd manufactures and sells spirits, beer, wine, and other alcoholic beverages. The company is engaged in the business of manufacture, purchase, and sale of beverage alcohol and other allied spirits, including through tie-up manufacturing units and strategic franchising of some of its brands. Its brand portfolio consists of McDowell's No.1, Royal Challenge, Black Dog, Signature, Antiquity, Director's Special Black, McDowell's Rum, McDowell's Brandy, Bagpiper, Old Tavern, and Haywards among others. Geographically, the firm generates a majority of its revenue from India. The company's segment includes: Beverage alcohol; and Sports. It derives maximum revenue from Beverage alcohol that manufacture, purchase, franchise and sale of beverage alcohol and other allied spirits.
Founded
1999
HQ
Employees
2.4K
Website
Sectors
Financials (LTM)
EV
$10B
United Spirits Financials
United Spirits reported last 12-month revenue of $1B and EBITDA of $257M.
In the same LTM period, United Spirits generated $648M in gross profit, $257M in EBITDA, and $191M in net income.
Revenue (LTM)
United Spirits P&L
In the most recent fiscal year, United Spirits reported revenue of $1B and EBITDA of $271M.
United Spirits expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Profit | $648M | XXX | $597M | XXX | XXX | XXX |
| Gross Margin | 47% | XXX | 43% | XXX | XXX | XXX |
| EBITDA | $257M | XXX | $271M | XXX | XXX | XXX |
| EBITDA Margin | 19% | XXX | 19% | XXX | XXX | XXX |
| EBIT Margin | 17% | XXX | 16% | XXX | XXX | XXX |
| Net Profit | $191M | XXX | $182M | XXX | XXX | XXX |
| Net Margin | 14% | XXX | 13% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
United Spirits Stock Performance
United Spirits has current market cap of $10B, and enterprise value of $10B.
Market Cap Evolution
United Spirits' stock price is $14.07.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $10B | $10B | 0.5% | XXX | XXX | XXX | $0.25 |
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Start Free TrialUnited Spirits Valuation Multiples
United Spirits trades at 7.2x EV/Revenue multiple, and 38.9x EV/EBITDA.
EV / Revenue (LTM)
United Spirits Financial Valuation Multiples
As of April 20, 2026, United Spirits has market cap of $10B and EV of $10B.
Equity research analysts estimate United Spirits' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
United Spirits has a P/E ratio of 53.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $10B | XXX | $10B | XXX | XXX | XXX |
| EV (current) | $10B | XXX | $10B | XXX | XXX | XXX |
| EV/Revenue | 7.2x | XXX | 7.1x | XXX | XXX | XXX |
| EV/EBITDA | 38.9x | XXX | 36.9x | XXX | XXX | XXX |
| EV/EBIT | 43.2x | XXX | 45.0x | XXX | XXX | XXX |
| EV/Gross Profit | 15.4x | XXX | 16.7x | XXX | XXX | XXX |
| P/E | 53.6x | XXX | 56.3x | XXX | XXX | XXX |
| EV/FCF | 58.6x | XXX | 51.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified United Spirits Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
United Spirits Margins & Growth Rates
United Spirits' revenue in the last 12 month grew by 10%.
United Spirits' revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.2M for the same period.
United Spirits' rule of 40 is 28% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
United Spirits' rule of X is 41% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
United Spirits Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 10% | XXX | (2%) | XXX | XXX | XXX |
| EBITDA Margin | 19% | XXX | 19% | XXX | XXX | XXX |
| EBITDA Growth | 12% | XXX | (6%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 28% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 41% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 10% | XXX | 12% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 27% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
United Spirits Public Comps
See public comps and valuation multiples for other Alcohol comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| United Spirits | XXX | XXX | XXX | XXX | XXX | XXX |
| Tsingtao Brewery | XXX | XXX | XXX | XXX | XXX | XXX |
| China Resources Beer | XXX | XXX | XXX | XXX | XXX | XXX |
| Jiangsu Yanghe Distillery | XXX | XXX | XXX | XXX | XXX | XXX |
| Campari Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Molson Coors Canada | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
United Spirits M&A Activity
United Spirits acquired XXX companies to date.
Last acquisition by United Spirits was on XXXXXXXX, XXXXX. United Spirits acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by United Spirits
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
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Start Free TrialUnited Spirits Investment Activity
United Spirits invested in XXX companies to date.
United Spirits made its latest investment on XXXXXXXX, XXXXX. United Spirits invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by United Spirits
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout United Spirits
| When was United Spirits founded? | United Spirits was founded in 1999. |
| Where is United Spirits headquartered? | United Spirits is headquartered in India. |
| How many employees does United Spirits have? | As of today, United Spirits has over 2K employees. |
| Who is the CEO of United Spirits? | United Spirits' CEO is Praveen Someshwar. |
| Is United Spirits publicly listed? | Yes, United Spirits is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of United Spirits? | United Spirits trades under UNITDSPR ticker. |
| When did United Spirits go public? | United Spirits went public in 2001. |
| Who are competitors of United Spirits? | United Spirits main competitors are Tsingtao Brewery, China Resources Beer, Jiangsu Yanghe Distillery, Campari Group. |
| What is the current market cap of United Spirits? | United Spirits' current market cap is $10B. |
| What is the current revenue of United Spirits? | United Spirits' last 12 months revenue is $1B. |
| What is the current revenue growth of United Spirits? | United Spirits revenue growth (NTM/LTM) is 10%. |
| What is the current EV/Revenue multiple of United Spirits? | Current revenue multiple of United Spirits is 7.2x. |
| Is United Spirits profitable? | Yes, United Spirits is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of United Spirits? | United Spirits' last 12 months EBITDA is $257M. |
| What is United Spirits' EBITDA margin? | United Spirits' last 12 months EBITDA margin is 19%. |
| What is the current EV/EBITDA multiple of United Spirits? | Current EBITDA multiple of United Spirits is 38.9x. |
| What is the current FCF of United Spirits? | United Spirits' last 12 months FCF is $170M. |
| What is United Spirits' FCF margin? | United Spirits' last 12 months FCF margin is 12%. |
| What is the current EV/FCF multiple of United Spirits? | Current FCF multiple of United Spirits is 58.6x. |
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