United Spirits Limited has submitted an investor presentation to the stock exchanges in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ahead of its scheduled investor call on 15 May 2026. The filing was addressed to both BSE Limited and the National Stock Exchange of India Limited, and the presentation has been made available on the company's official website at www.diageoindia.com .

Regulatory Filing Details

The submission references prior intimations issued by the company on 4th and 11th May 2026 regarding the upcoming investor call. The filing was signed by Pragya Kaul, Company Secretary and Compliance Officer of United Spirits Limited, and digitally authenticated on 15 May 2026.

Presentation Highlights

The investor presentation covers the company's brand and market positioning across its portfolio. Key highlights referenced in the presentation include:

• Black & White has been identified as the No. 1 Scotch in India, with refreshed packaging and a focus on cultural relevance through eSports integration and pocket pack formats.
• Black Dog is being positioned to build aspiration among Scotch loyalists, supported by renovation efforts.
• Johnnie Walker is highlighted as a globally significant brand, with India noted as the No. 3 market for the brand globally. The portfolio includes Johnnie Walker Blue Diwali edition and Johnnie Walker Blonde 200ml.
• Smirnoff Flavours features refreshed packaging as part of ongoing brand development.
• Royal Challenge pocket packs are referenced as part of the company's volume and affordability strategy.

Consumer and Market Strategy

The presentation outlines a segmented consumer approach structured around three consumer groups — India 1, India 2, and India 3 — addressing distinct value propositions:

The company's strategy also incorporates ESG impact and value chain considerations as part of its broader corporate framework, with references to authentic Indian flavours and international brand activations, including a "Day of the Dead" campaign anchored on Mexican authenticity and on-trade leadership.

Filing Compliance

The investor presentation has been filed in accordance with SEBI's disclosure requirements and is intended for the information and records of the stock exchanges. The document is accessible to stakeholders via the company's official website.

United Spirits Limited reported a robust financial performance for the year ended March 31, 2026, with the Board of Directors approving the audited standalone and consolidated financial results at its meeting held on May 14, 2026. The board recommended a final dividend of ₹11 per equity share (550% on face value of ₹2 per equity share) for FY 2025-26, subject to shareholders' approval at the 27th Annual General Meeting scheduled for August 4, 2026. The record date for determining shareholder entitlement has been fixed as July 8, 2026, with the dividend to be paid on or after August 13, 2026. The recording of the investors' call held on May 15, 2026, is now available on the company's website.

Management Outlook and Cost Guidance

Management has flagged near-term margin headwinds stemming from rising input costs. Packaging costs are expected to rise by 4% to 5% in Q1, causing a gross margin decrease of 1.25% to 1.5%, equivalent to approximately ₹35-40 crores. Management cautioned that this impact could double in Q2 if the cost pressures persist. To mitigate inflationary pressures, management plans to address 50% of the impact through pricing actions and the remaining 50% through productivity improvements, while acknowledging that price changes generally take time to implement.

On the growth front, management expects strong double-digit growth in Karnataka, supported by pricing strategies and the strong performance from the prior year. The company also expects strong double-digit growth for its Prestige & Above (P&A) portfolio in FY27, despite headwinds from Maharashtra and Andhra Pradesh. United Spirits achieved its EBITDA margin guidance of 18.4% in FY26, and Smirnoff is projected to hit ₹1,000 crores in Net Sales Value within 18 months. The dividend payout ratio has been updated to a range of 60% to 85%, while advertising and promotions (A&P) spending remains at approximately 10.5%.

Standalone Financial Performance

United Spirits posted a strong improvement in standalone profitability for the year ended March 31, 2026. Revenue from operations grew to ₹27,781 crores from ₹26,780 crores in the previous year. Net profit for the year rose to ₹1,830 crores from ₹1,558 crores, while basic and diluted earnings per share stood at ₹25.16 compared to ₹21.42 in the prior year.

Q4 Standalone Performance

For the quarter ended March 31, 2026, United Spirits delivered a strong year-on-year improvement across key standalone metrics. Revenue from operations rose to ₹6,838 crores from ₹6,549 crores in the corresponding quarter of the prior year, while net profit climbed to ₹571 crores versus ₹451 crores. EBITDA for the quarter expanded to ₹6b Rupees from ₹5.05b Rupees in the same period last year, with the EBITDA margin improving to 8.64% from 7.71%.

Consolidated Financial Performance

On a consolidated basis, United Spirits reported revenue from operations of ₹27,816 crores for FY26, up from ₹26,780 crores in FY25. Net profit for the year (including discontinued operations) was ₹1,838 crores compared to ₹1,582 crores in the prior year. Profit from continuing operations stood at ₹1,709 crores for FY26 versus ₹1,445 crores in FY25, while profit from discontinued operations was ₹129 crores compared to ₹137 crores.