United Breweries has announced a comprehensive transformation program aimed at enhancing operational excellence and achieving significant cost efficiencies in response to the challenging Indian beer market environment. The Board of Directors approved the Productivity and Cost Effectiveness Program on January 24, 2026, targeting sustained annualised savings of 3% to 6%.

Strategic Context and Market Challenges

The Indian beer market presents unique operational challenges including stringent regulatory frameworks, high taxation, and varying state-level policies. Rising raw material costs and intense competition from domestic and international players have created a demanding environment for brewery operations. Despite these challenges, United Breweries Limited recognizes the significant long-term growth potential in India's structurally under-penetrated beer market and continues its strategic investments in capacity expansion, product innovation, and distribution network strengthening.

Comprehensive Transformation Initiative

The productivity program encompasses a thorough reorganisation of business functions to align teams and expertise with evolving business requirements. The company is implementing strategic changes across multiple operational areas:

Operational Excellence Measures

The transformation program addresses current affordability pressures in the India Beer category through intensified investment in brand building and consumer engagement programs. Key operational improvements include:

• Portfolio Optimization: Detailed review prioritising valued SKUs and rationalising underperforming products
• Cost Reduction Initiatives: Increasing reuse of old bottles, reducing logistics costs, maximising domestic procurement of raw materials
• Fixed Cost Measures: Implementing targeted cost control strategies
• Supply Chain Enhancement: Strengthening supply chain resilience and responsiveness through localised production

Financial Impact and Investment Strategy

The company has committed to reinvesting the generated savings to foster market growth and enhance capabilities, ensuring sustained value creation for all stakeholders. United Breweries Limited will provide progress updates as the program advances, maintaining transparency in its transformation journey.

Market Position and Future Outlook

Despite the challenging operating environment, United Breweries Limited maintains its confidence in the Indian beer market's long-term potential. The company's sustained investment approach includes expansion of production capacity, innovation in product offerings such as new premium brands and flavours, and strengthening of manufacturing and distribution networks. The transformation program represents a proactive approach to optimising resource allocation and securing enduring growth in the dynamic market landscape.

United breweries Limited has announced its quarterly earnings call to discuss the Q3 FY2025-26 financial results. The company filed the announcement with BSE Limited and National Stock Exchange of India Limited on January 23, 2026, in compliance with regulatory requirements.

Earnings Call Schedule

The earnings call is scheduled for the following date and time:

Management Participation

The earnings call will be hosted by key members of United Breweries Limited's senior management team. Managing Director & Chief Executive Officer Vivek Gupta and Director & Chief Financial Officer Jorn Elimar Kersten will lead the discussion on the company's Q3 FY2025-26 performance.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also referenced SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024, in its filing.

Conference Access Options

Participants can join the earnings call through multiple access methods:

Express Join Option

The company offers Diamond Pass registration for immediate access without wait time through their online registration portal.

Dial-in Numbers

Universal dial-in numbers are available for domestic participants:

• +91 22 6280 1234
• +91 22 7115 8135

International Access

International toll-free numbers are provided for participants from various countries including:

Additional Information

The company has made the earnings call details available on its official website at www.unitedbreweries.com . A transcript of the conference call will be made available for download on the same website following the session. Participants are advised to dial in 10 minutes prior to the scheduled time to ensure timely connection.

For technical support, Chorus Call Conferencing Services provides 24x7 helpdesk assistance through phone (+91 22 7195 1111/18001201441) and email ( india@choruscall.com ). The announcement was signed by Company Secretary and Compliance Officer Nikhil Malpani.