Press Release

22nd July 2026 BSE Limited The National Stock Exchange of India Limited Listing Department Exchange Plaza, C-1 Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Mumbai – 400 001 Bandra East, Mumbai – 400 051 Scrip Code: 532432 Scrip Code: UNITDSPR Dear Sirs, Sub: Press release for the quarter ended 30th June 2026 Kindly find enclosed a press release issued by the Company in connection with results for the quarter ended 30th June 2026. This is for your information and records. Thank you, For United Spirits Limited Pragya Kaul Company Secretary and Compliance Officer Encl: as above Unaudited financial results for the firstq uarter ended 30 June 2026 (Standalone only) (Consolidated & Standalone) Bengaluru, India - July 22, 2026: United Spirits Ltd., one of the leading beverage alcohol companies in India, reported its unaudited standalone results for the first quarter ended 30 June 2026. Key Highlights for the quarter (Q1FY27) • Overall NSV at INR2,703 Cr. (+6.0%), with Prestige & Above (P&A) saliency of 91.7% • P&A NSV at INR2,478 Cr. (+10.1%) • EBITDA at INR432 Cr. (+4.1%) with a margin of 16.0% • PAT at INR391 Cr. (+51.6%) Mr. Praveen Someshwar, CEO & Managing Director, commenting on the Q1FY27 performance, said: “We have commenced fiscal 2027 on a strong note with double-digit growth in the Prestige & Above segment. Our consumer centric interventions give us confidence to increase growth further as the year progresses. We continue to future-proof our portfolio while creating enduring value for all our stakeholders.” Q1FY27 performance highlights: • Net sales at INR2,703 Cr., up 6.0% YoY. Within the above 6.0% growth, Prestige & Above segment grew a solid double-digit at 10.1%. This was on the back of Smirnoff local flavor innovation and broad-based growth across the portfolio. This was partially offset by the continuing impact of the adverse policy in Maharashtra. • NSV for the Popular segment at INR206 Cr., down 17.5%. This was driven by MML impact in Maharashtra as well as recent policy changes in Karnataka, which have adversely impacted the realisations in the segment owing to excise slab changes. • Gross profit grew 11.2% and reported gross margin was at 46.1%, an expansion of 212 bps over the previous year. This was on the back of sustained revenue growth management interventions, better mix, and productivity flow-through partially offset by the West Asia crisis led adverse impact. • A&P re-investment rate was 11.5% of net sales, reflecting healthy investments behind the portfolio trademarks. • EBITDA at INR432 Cr., up 4.1% year-on-year, impacted in the quarter by the West Asia impact • EBITDA margin at 16.0%, a contraction of 30bps over prior year same quarter. This was mainly on account of higher A&P investments. • Finance cost stands at INR30 Cr for the quarter and is primarily on account of customary non-debt related items. • Profit after tax at INR391 Cr., up 51.6%. Key Financial Information (Standalone basis) (In compliance with Schedule III of the Companies Act, 2013, the company has reported revenue from operations inclusive of excise duty.) Key performance indicators as a % of net sales Q1FY27 Q1FY26 Gross profit margin (%) 46.1 44.0 Staff cost (%) (4.9) (5.3) Marketing spends (%) (11.5) (9.3) Other overheads (%) (13.7) (13.0) EBITDA growth (%) 4.1 (9.4) EBITDA margin (%) 16.0 16.3 EPS (INR) 5.38 3.55 Summary Financial Information - For the three months ended 30 June 2026 INR Crores. Q1FY27 Q1FY26 Volume (‘000 cases) 14,474 14,984 Gross revenue 6,113 5,823 Excise duty (3,410) (3,274) Net sales 2,703 2,549 COGS (1,457) (1,428) Gross profit 1,246 1,121 Staff cost (133) (136) Marketing spends (312) (238) Other overheads (369) (332) EBITDA 432 415 Other income* 222 61 Depreciation (70) (68) EBIT 584 408 Finance cost (30) (49) PBT before exceptional items 554 359 Exceptionals# (81) (11) PBT 473 348 Tax (82) (90) PAT 391 258 *Other income includes dividend income amounting to INR150 crore from Royal Challengers Sports Private Limited (RCSPL). #Exceptionals in Q1FY27 are primarily on account of organisation restructuring and supply agility program. Exceptionals for Q1FY26 relate to employee severance costs. Business Segment Review (Standalone basis) For the quarter ended 30 June 2026 For the quarter ended 30 June 2026 (Standalone) Volume Net sales value Q1FY27 Q1FY26 Q1FY27 Q1FY26 Movement Movement Segment '000 cs '000 cs % INR Cr. INR Cr. % P&A 12,404 12,573 (1.3) 2,478 2,251 10.1 Popular 2,070 2,411 (14.1) 206 250 (17.5) Other 19 48 (60.2) TOTAL 14,474 14,984 (3.4) 2,703 2,549 6.0 • The Prestige & Above segment accounted for 91.7% of net sales during the first quarter, up 3.4 ppts over the same priod last year. Prestige & Above segment net sales increased 10.1% during the first quarter. • The Popular segment accounted for 7.6% of net sales during the first quarter, down 2.2 ppt compared to the same period last year. The Popular segment net sales declined 17.5% during the first quarter. Net sales value bridge for the Quarter (Standalone, INR Crores) 2,900 2,800 268 29 2,703 2,700 2,600 2,549 85 2,500 2,400 2,300 2,200 Reported Q1FY26 Volume Price/Mix Others Reported Q1FY27 EBITDA bridge for the Quarter (Standalone, INR Crores, %, bps) 212bps 221bps 41bps 63bps 125 74 500 3 37 415 432 300 16.3% 17.2% 16.0% 6 2 Y F 1 Q d e t r o p e n ig r a M s s o P & A t s o c ffa s d a e h r e v o r e h t O 7 2 Y F 1 Q d e t r o p e Q&A CONFERENCE CALL Mr. Praveen Someshwar, Managing Director & CEO and Mr. Pradeep Jain, Executive Director & CFO will be hosting a Q&A conference call on Thursday, 23rd July 2026 at 4:00 pm IST. If you would like to listen to the call or ask a question, please join using the information below. Conference Joining Information Express Join with DiamondPass™ No Wait Time https://services.choruscall.in/DiamondPassRegistration/register?confirmationNumber=2903626 &linkSecurityString=18afa2e51e Dial-in details When using dial-in numbers mentioned below please do so 10 minutes prior to the conference schedule to ensure that you are connected to your call in time. Universal Dial-in +91 22 6280 1250 +91 22 7115 8151 International Toll Free Argentina 0080014243444 Australia 00800014243444 Belgium 0080014243444 Canada 01180014243444 China 4008428405 France 0800914745 Germany 0080014243444 Hong Kong 800964448 Italy 0080014243444 Japan 00531161110 Netherlands 08000229808 Poland 008001124248 Singapore 8001012045 South Korea 00180014243444 Sweden 0080014243444 Thailand 00180014243444 UK 08081011573 USA 18667462133 About Diageo India Diageo India is among India’s leading beverage alcohol (alcobev) companies with an outstanding portfolio of premium brands. A subsidiary of Diageo Plc., it is listed in India on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) as United Spirits Limited (USL). Headquartered in Bengaluru, Diageo India has one of the largest manufacturing footprints in alcobev with 34 facilities across India. It manufactures, sells and distributes Johnnie Walker, Black Dog, Black & White, VAT 69, Antiquity, Signature, The Singleton, Royal Challenge, McDowell’s No1, Smirnoff, Ketel One, Tanqueray, Captain Morgan and Godawan, an artisanal single malt whisky from India, bringing together global expertise and local pride to deliver innovative, world-class products and experiences to consumers. With a strong focus on driving a positive impact on society, Diageo India has been working on collective action to improve livelihoods, championing Grain to Glass sustainability, responsible consumption and nurturing the alcobev ecosystem, to contribute to India’s growth agenda. For more information about Diageo India, our people, our brands, and our performance, visit us at www.diageoindia.com. Visit Diageo’s global responsible drinking resource, http://www.DRINKiQ.com, for information, initiatives, and ways to share best practices. Celebrating life, every day, everywhere. Cautionary statement co [Showing first 8,000 characters — download PDF for full document]