United Spirits Ltd plans closure of Hyderabad manufacturing unit
United Spirits Ltd has announced the planned cessation of operations at its manufacturing facility located in Hyderabad, stating that the move is part of a broader corporate agility initiative.The company confirmed the proposed closure of the Unit, which is situated at 9-61, Venkateshwara Nagara, Malkajgiri, Hyderabad -560 047, India. The estimated date for the closure of the factory operations is August 31, 2026.
The manufacturing unit's financial contribution to the company was reported as follows:
| Metric | Details (FY 2025-26) |
|---|---|
| Revenue Contribution | 2% of total revenue from operations |
| Revenue Value | Approximately INR 599 crore |
The decision regarding the Unit is directly linked to a multi-year Supply Chain Agility Program that was approved by the Board on January 24, 2023. The intended closure of the factory operations will occur following the successful transfer of the excise license held by the company from the Telangana Prohibition & Excise Department to another party.
UNITDSPR Stock Price Movement
Shares of United Spirits Limited on Thursday slipped by 1.13% to close at ₹1249.70. The equity saw a daily trading volume of 611,875 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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