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United SpiritsNSE:UNITDSPR +1.31%88 Net Margin % is 17.10% as of Jun. 2026, which is 112% above its 10-year median of 8.08. GuruFocus rates NSE:UNITDSPR with a GF Score™ of 88/100 and a GF Value™ of ₹1,444.85 (Fairly Valued). The stock has 2 warning signs investors should review. Among 210 Beverages - Alcoholic companies, United Spirits ranks better than 82.38% on this metric.
Net margin is calculated as Net Income divided by its Revenue. United Spirits's Net Income for the
three
months ended in Jun. 2026 was ₹4,630 Mil. United Spirits's Revenue for the
three
months ended in Jun. 2026 was ₹27,080 Mil. Therefore, United Spirits's net margin for the quarter that ended in Jun. 2026 was 17.10%.
The historical rank and industry rank for United Spirits's Net Margin % or its related term are showing as below:
NSE:UNITDSPR'
s Net Margin % Range Over the Past 10 Years
Min: 1.14 Med: 8.08 Max: 14.92
Current: 14.92
NSE:UNITDSPR's Net Margin % is ranked better than 82.38% of 210
companies
in the Beverages - Alcoholic industry
Industry Median: 5.13
vs NSE:UNITDSPR: 14.92
United Spirits (NSE:UNITDSPR) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
United Spirits Net Margin % Related Terms
United Spirits Net Margin % Historical Data
* Premium members only.
The historical data trend for United Spirits's Net 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 Net Margin %, along with its competitors' market caps and Net 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 Net Margin % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, United Spirits's Net Margin % distribution charts can be found below:
* The bar in red indicates where United Spirits's Net 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.
United Spirits (NSE:UNITDSPR) has a Net Margin % of 17.10% as of Jun. 2026. Net margin is the ratio of total net income to net sales. View historical data on United Spirits and its competitors. This is 112% above median its historical median of 8.08. Over the past decade, United Spirits' Net Margin % has ranged from 1.14 to 14.92. According to the industry distribution chart, United Spirits ranks #37 out of 210 companies in the Beverages - Alcoholic industry, placing it in the top 17.6%.
Is United Spirits' Net Margin % too high?
United Spirits' current Net Margin % of 17.10% is 112% above median its 10-year median of 8.08. Over the past 10 years, this metric has ranged from a low of 1.14 to a high of 14.92. The Beverages - Alcoholic industry median Net Margin % is 5.13. United Spirits' value of 17.10% is 233.3% above this industry median. Based on the distribution chart, United Spirits ranks #37 out of 210 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, United Spirits has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does United Spirits' Net Margin % compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, United Spirits ranks #37 out of 210 companies for Net Margin %. This places United Spirits in the top 18% of its industry — outperforming the majority of peers. The industry median Net Margin % is 5.13. United Spirits' value of 17.10% is 233.3% above this benchmark. Historically, United Spirits' own Net Margin % has ranged from 1.14 to 14.92 over the past decade. While the company's 10-year median is 8.08 vs. the industry median of 5.13, 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 Net Margin % for a Beverages - Alcoholic company?
The median Net Margin % among Beverages - Alcoholic companies is 5.13, based on 210 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. United Spirits's current Net Margin % of 17.10% is 233.3% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on United Spirits and its competitors. For the Beverages - Alcoholic industry, the median Net Margin % is 5.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Spirits's current Net Margin % is 17.10%, which is 112% above median its own 10-year median of 8.08. 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 ₹1,444.85, compared to a current price of ₹1,544.00 — trading 6.9% above its estimated fair value. The current Net Margin % is 17.10%, which is 112% above median its 10-year median of 8.08 and 233.3% above the Beverages - Alcoholic industry median of 5.13. United Spirits' overall GF Score™ is 88/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For United Spirits (NSE:UNITDSPR), the current Net Margin % is 17.10% as of Jun. 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 overvalued.
The current stock price of ₹1,544.00 is trading 6.9% above its estimated GF Value™ of ₹1,444.85.
GuruFocus considers United Spirits to be Fairly Valued.
Key valuation signals for NSE:UNITDSPR:
Net Margin %: 17.10% (112% above median its 10-year median of 8.08)
GF Value™: ₹1,444.85 vs. price of ₹1,544.00 (6.9% above fair value)
Industry Position: 233.3% above the Beverages - Alcoholic median (#37 of 210)
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.
88GF Score
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