Business Update8 Jul 2026, 07:20 pm
United Spirits Closes Hyderabad Factory Operations
AI Summary
United Spirits Ltd has announced the closure of its factory operations at its manufacturing unit in Malkajgiri, Hyderabad. This closure is part of a multi-year Supply Chain Agility Program approved by the Board in January 2023. The company has received approval to transfer its excise license for the unit. The unit contributed approximately 2% to the company's revenue from operations in FY26, amounting to around INR 599 crore. The estimated closure date is August 31, 2026.
Key Highlights
- Hyderabad factory operations to cease by August 31, 2026.
- Closure is part of a Supply Chain Agility Program.
- Unit contributed 2% (~INR 599 crore) to FY26 revenue.
- Excise license transfer approved by Telangana authorities.
Price Impact
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