United Spirits Limited has announced the appointment of Ms. Julie Bramham as Additional Director (Non-Executive Non-Independent Director) effective January 21, 2026. The Board of Directors approved this appointment on January 20, 2026, following a recommendation from the Nomination and Remuneration Committee.

Board Meeting Details

The board meeting that approved Ms. Bramham's appointment commenced at 16:00 hrs IST and concluded at 18:20 hrs IST on January 20, 2026. The company has informed both BSE Limited and The National Stock Exchange of India Limited about this corporate governance development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Particulars

Professional Background

Ms. Julie Bramham brings extensive experience as a global luxury and consumer leader with 25 years of expertise in shaping iconic brands and driving commercial growth across international markets. She currently serves as Managing Director of the Diageo Luxury Group, where she led the creation of a $1 billion global luxury business spanning private client operations, immersive Scotch brand homes, and luxury spirits innovation pipeline.

In her current role, Ms. Bramham oversees a team of more than 500 people and holds responsibility for Diageo's global marketing transformation agenda. Her previous experience includes serving as Global Brand Director for Johnnie Walker, Diageo's flagship £2.4 billion brand, which she successfully repositioned as a modern luxury icon, delivering sustained double-digit growth.

India Market Experience

As Chief Marketing Officer of Diageo India, Ms. Bramham led portfolio strategy development for diverse market segments, delivered approximately 30% growth of Premium and International brands, and pioneered brand turnarounds including McDowell's No.1 Whisky, Signature, and Antiquity. She also developed a strong innovation pipeline including luxury Indian spirits such as Godawan.

Key Achievements and Expertise

Regulatory Compliance and Next Steps

Ms. Bramham has affirmed that she is not debarred from holding the office of director by virtue of any SEBI order or other regulatory authority, in compliance with BSE and NSE circulars dated June 20, 2018. The company will seek shareholder approval through a postal ballot, with the notice to be filed with stock exchanges in due course.

The appointment disclosure indicates no existing relationships between Ms. Bramham and other directors of United Spirits Limited. Her board-ready expertise spans transformation, brand strategy, consumer insight, digital innovation, culture leadership, and commercial governance, complemented by non-executive director experience with Royal Challengers Bengaluru IPL franchise and the Netherlands British Chamber of Commerce.

United Spirits Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showcasing steady growth in profitability despite modest revenue increases. The leading beverage alcohol manufacturer reported mixed performance across key financial metrics while maintaining its dividend commitment to shareholders.

Financial Performance Overview

The company's standalone financial results for Q3FY26 demonstrate resilience in a challenging market environment. Key performance indicators reflect the company's ability to enhance profitability while managing operational costs effectively.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, United Spirits maintained consistent growth momentum across revenue and profitability metrics. The company's operational efficiency improvements contributed to enhanced bottom-line performance.

Consolidated Results and Segment Performance

On a consolidated basis, the company reported revenue from operations of ₹7,942 crores for Q3FY26 compared to ₹7,732 crores in Q3FY25, representing a 2.72% increase. Consolidated net profit reached ₹418 crores, up 24.78% from ₹335 crores in the corresponding quarter last year.

The beverage alcohol segment generated revenue of ₹3,691 crores in Q3FY26, while the sports segment contributed ₹3 crores. For the nine-month period, beverage alcohol revenue reached ₹9,413 crores compared to ₹8,627 crores in the previous year, showing strong growth of 9.11%.

Dividend Declaration and Corporate Actions

The Board of Directors approved an interim dividend declaration that underscores the company's commitment to shareholder returns. The dividend details reflect management's confidence in the business outlook and cash flow generation capabilities.

Strategic Developments and Acquisitions

During the quarter, United Spirits completed the acquisition of Nao Spirits & Beverages Private Limited on June 26, 2025. The company purchased 34,291 equity shares for a consideration of ₹49 crores and infused an additional ₹56 crores through equity and compulsorily convertible preference shares. Post-acquisition, United Spirits holds 97% of NAO's paid-up share capital, supporting future growth initiatives in the premium spirits segment.

Operational Highlights and Cost Management

The company's expense management during Q3FY26 reflected disciplined operational execution. Total expenses increased to ₹7,408 crores from ₹7,235 crores in Q3FY25, primarily driven by higher excise duty payments of ₹4,245 crores and increased advertisement and sales promotion expenses of ₹516 crores. Despite higher operational costs, the company maintained healthy profit margins through effective cost optimization strategies.

United Spirits continues to strengthen its market position in the Indian beverage alcohol industry while exploring growth opportunities through strategic acquisitions and operational excellence initiatives.