United Spirits Shares Surge Over 6% After Strong Q2 Results — Analysts See More Upside Ahead

Shares of United Spirits Ltd (USL), India’s leading liquor company controlled by Diageo, surged more than 6% in Friday’s trade after the firm reported a sharp jump in second-quarter profits for FY26.

📈 United Spirits Stock Performance

United Spirits’ share price rose 6.89% to ₹1,489 on the BSE, pushing its market capitalisation past ₹1.06 lakh crore. The stock has been a multibagger over the last five years, gaining nearly 189%, though it remains down about 12% year-to-date (YTD).

💰 Q2 FY26 Results — Strong Profit Growth

The liquor major posted a 36% year-on-year (YoY) rise in net profit to ₹464 crore for the July–September 2025 quarter, compared to ₹341 crore in the same period last year.

Revenue from operations: ₹7,199 crore, up 7.9% YoY (from ₹6,672 crore last year)

EBITDA: ₹660 crore, up 31.5% YoY, driven by strong standalone performance

The company’s robust quarterly earnings were supported by a favourable product mix, improved pricing, and efficiency in operations.

🧾 Brokerage Reactions — ‘BUY’ and ‘ADD’ Ratings Maintained

Nuvama Research called the results a “beat on all fronts,” citing factors such as the company’s re-entry into Andhra Pradesh, renovation-led growth, and new product innovations. It has maintained a ‘BUY’ rating, pending updated estimates post the management call.

Meanwhile, ICICI Securities highlighted a volume-led beat and sustainable margin improvement, driven by pricing stability and lower advertising spends. The brokerage retained an ‘ADD’ rating with a target price of ₹1,550.

📊 Technical Outlook — Breakout Confirms Bullish Momentum

According to Anshul Jain, Head of Research at Lakshmishree, the stock has broken out of a 67-day consolidation zone around ₹1,364, signaling renewed bullish momentum.

“The breakout is backed by a 500% surge in trading volumes compared to the 50-day average — a clear sign of institutional buying. The near-term target stands at ₹1,498, with the potential for a rally toward ₹1,575 if momentum sustains,” Jain said.

He added that moving averages and momentum indicators remain bullish, supporting the view of further upside.

🥃 Should You Buy United Spirits Stock?

Analysts have fairly enthusiastic views relating to the company outlook on account of premiumization trends, better margins, and continuous innovation in the high-end liquor category. Considering an A1 balance sheet and steady demand recovery, medium-term uptrend may very well be continued as price-wise forthis stock.

But investors should be wary that prices have already factored near-term gains, and any volatility in raw material costs or regulatory changes could dent these performances.

Disclaimer: This article is merely for informational purposes. These are the views of individual analysts or brokerage firms. Any investor interested in making an investment decision has to take expert advice from certified financial experts.