United SpiritsNSE:UNITDSPR +0.33%91 Gross Margin % is 47.38% as of Mar. 2026, which is 7% above its 10-year median of 44.47. GuruFocus rates NSE:UNITDSPR with a GF Score™ of 91/100 and a GF Value™ of ₹1,402.27 (Fairly Valued). Among 204 Beverages - Alcoholic companies, United Spirits ranks better than 64.71% on this metric.
The historical rank and industry rank for United Spirits's Gross Margin % or its related term are showing as below:
NSE:UNITDSPR'
s Gross Margin % Range Over the Past 10 Years
Min: 41.41 Med: 44.47 Max: 49.26
Current: 48.44
During the past 13 years, the highestGross Margin % of United Spirits was 49.26%. The lowest was 41.41%. And the median was 44.47%.
NSE:UNITDSPR's Gross Margin % is ranked better than 64.71% of 204
companies
in the Beverages - Alcoholic industry
Industry Median: 42.325
vs NSE:UNITDSPR: 48.44
United Spirits had a gross margin of 47.38% for the quarter that ended in Mar. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for United Spirits was 1.40% per year.
United Spirits (NSE:UNITDSPR) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
United Spirits had a gross margin of 47.38% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
United Spirits Gross Margin % Related Terms
United Spirits Gross Margin % Historical Data
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The historical data trend for United Spirits's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Beverages - Wineries & Distilleries subindustry, United Spirits's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
United Spirits Gross Margin % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, United Spirits's Gross Margin % distribution charts can be found below:
* The bar in red indicates where United Spirits's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
United Spirits (NSE:UNITDSPR) has a Gross Margin % of 47.38% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on United Spirits and its competitors. This is near median its historical median of 44.47. Over the past decade, United Spirits' Gross Margin % has ranged from 41.41 to 49.26. According to the industry distribution chart, United Spirits ranks #72 out of 204 companies in the Beverages - Alcoholic industry, placing it in the top 35.3%.
Is United Spirits' Gross Margin % too high?
United Spirits' current Gross Margin % of 47.38% is near median its 10-year median of 44.47. Over the past 10 years, this metric has ranged from a low of 41.41 to a high of 49.26. The Beverages - Alcoholic industry median Gross Margin % is 42.33. United Spirits' value of 47.38% is 11.9% above this industry median. Based on the distribution chart, United Spirits ranks #72 out of 204 companies in the Beverages - Alcoholic industry, which is above the industry midpoint. Overall, United Spirits has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does United Spirits' Gross Margin % compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, United Spirits ranks #72 out of 204 companies for Gross Margin %. This puts United Spirits in the upper half of its industry. The industry median Gross Margin % is 42.33. United Spirits' value of 47.38% is 11.9% above this benchmark. Historically, United Spirits' own Gross Margin % has ranged from 41.41 to 49.26 over the past decade. While the company's 10-year median is 44.47 vs. the industry median of 42.33, United Spirits has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Beverages - Alcoholic company?
The median Gross Margin % among Beverages - Alcoholic companies is 42.33, based on 204 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. United Spirits's current Gross Margin % of 47.38% is 11.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on United Spirits and its competitors. For the Beverages - Alcoholic industry, the median Gross Margin % is 42.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Spirits's current Gross Margin % is 47.38%, which is near median its own 10-year median of 44.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Spirits stock overvalued right now?
Based on GuruFocus' analysis, United Spirits (NSE:UNITDSPR) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,402.27, compared to a current price of ₹1,385.70 — trading 1.2% below its estimated fair value. The current Gross Margin % is 47.38%, which is near median its 10-year median of 44.47 and 11.9% above the Beverages - Alcoholic industry median of 42.33. United Spirits' overall GF Score™ is 91/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For United Spirits (NSE:UNITDSPR), the current Gross Margin % is 47.38% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is United Spirits (NSE:UNITDSPR) Overvalued in 2026?
Based on GuruFocus' analysis, United Spirits stock appears to be undervalued.
The current stock price of ₹1,385.70 is trading 1.2% below its estimated GF Value™ of ₹1,402.27.
GuruFocus considers United Spirits to be Fairly Valued.
Key valuation signals for NSE:UNITDSPR:
Gross Margin %: 47.38% (near median its 10-year median of 44.47)
GF Value™: ₹1,402.27 vs. price of ₹1,385.70 (1.2% below fair value)
Industry Position: 11.9% above the Beverages - Alcoholic median (#72 of 204)
No single metric tells the full story. See the NSE:UNITDSPR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
91GF Score
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