United Spirits Ltd, a liquor manufacturer under Diageo, reported a 28% year-on-year increase in consolidated net profit, reaching ₹539 crore for the March quarter of FY26, compared to ₹421 crore in the same quarter last year. Revenue from operations grew by 4.67% to ₹6,855 crore, while total expenses rose by 6.36% to ₹6,407 crore. The company's net sales value (NSV) also saw a 3.7% increase, amounting to ₹3,054 crore. Despite challenges from Maharashtra's liquor policy, excluding this state, the overall portfolio and prestige segments delivered an 8.5% growth. For the full fiscal year, net profit rose 16.18% to ₹1,838 crore, with consolidated income increasing by 4.38% to ₹28,294 crore. Managing Director Praveen Someshwar expressed optimism about future growth, citing potential benefits from recent policy changes in Karnataka and the upcoming UK-India Free Trade Agreement (FTA). The board has proposed a final dividend of ₹11 per equity share for FY26.