
Business Update4 Jun 2026, 09:11 pm
United Spirits to close Hyderabad factory by Aug 2026; 2% revenue impact
AI Summary
United Spirits Ltd announced the proposed closure of its manufacturing unit in Hyderabad, India, by August 31, 2026. This decision is part of the company's multi-year Supply Chain Agility Program, approved in January 2023. The unit contributed approximately 2% (₹599 crore) to the company's revenue from operations during the financial year 2025-26. The company plans to transfer the excise license to another party, leading to the cessation of factory operations. The disclosure was made on June 3, 2026, with a delay attributed to internal verification.
Key Highlights
- United Spirits to close Hyderabad manufacturing unit by August 31, 2026.
- Unit contributed 2% (₹599 crore) to FY25-26 revenue from operations.
- Closure is part of a multi-year Supply Chain Agility Program.
- Company intends to transfer the excise license to another party.