Announced Wed, 8 Jul · 19:16 IST
United Spirits to close Hyderabad unit after excise license transfer approval
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AI summary
United Spirits has received approval from the Telangana Excise Department to transfer the excise license of its Malkajgiri, Hyderabad manufacturing unit to another party. The unit contributed about 2% (around INR 599 crore) to revenue from operations in FY26. The closure is part of the company's multi-year Supply Chain Agility Program approved by the Board in January 2023. Estimated closure date is 31st August 2026.
Likely market impact
Minimal revenue impact at about 2% of FY26 sales. Closure is part of planned supply chain restructuring, likely to support efficiency and margins.