Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting - Unaudited Financial Results
Audit Opinion:
Limited Review Report - No modification to conclusion, but with emphasis of matter paragraphs
Key Financial Highlights [₹ in crores]:
Standalone Results:
Revenue from Operations: ₹6,113 (Q1 FY26: ₹5,823, +5.0% YoY)
Total Income: ₹6,335 (Q1 FY26: ₹5,884)
Net Profit: ₹391 (Q1 FY26: ₹258, +51.6% YoY)
EPS: ₹5.38 (Q1 FY26: ₹3.55)
Other Equity: Not specified for quarter end
Consolidated Results:
Revenue from Operations: ₹6,122 (Q1 FY26: ₹5,823)
Net Profit from Continuing Operations: ₹319
Net Profit from Discontinued Operation: ₹268
Total Net Profit: ₹587
EPS from Continuing Operation: ₹3.34
EPS from Discontinued Operation: ₹3.18
Total EPS: ₹6.52
Other Equity: ₹8,812 (as of March 31, 2026)
Segment-wise Performance [₹ in crores]:
Beverage Alcohol Segment:
- Revenue: ₹2,708 (Q1 FY26: ₹2,549)
- EBITDA: ₹429 (Q1 FY26: ₹419)
- Segment Assets: ₹14,187
- Segment Liabilities: ₹5,196
Sports Segment (Discontinued Operations):
- Revenue: ₹552 (Q1 FY26: ₹478)
- EBITDA: ₹264 (Q1 FY26: ₹225)
- Segment Assets: ₹948
- Segment Liabilities: ₹519
Corporate Actions:
No dividend declared in this quarter.
Other Significant Information:
Exceptional Items:
- ₹81 crore exceptional charge in Q1 FY27 (₹40 crore in Q4 FY26)
- Includes ₹26 crore towards severance costs relating to a closed unit under Supply Agility Programme
- Includes ₹55 crore as employee severance costs
Historical Matters:
Additional Inquiry and Regulatory Matters:
- Additional Inquiry completed in July 2016 identified transactions indicating actual and potential diversion of funds to entities affiliated with erstwhile non-executive chairman Dr. Vijay Mallya.
- Company has filed recovery suits against relevant parties and individuals.
- Company filed suit for recovery of excess managerial remuneration of ₹2.67 crores paid to former Executive Director and CFO for FY15.
- Received notices from Serious Fraud Investigation Office during FY26 calling for information relating to Initial and Additional Inquiry.
- Rationalization Process ongoing for divestment/liquidation/merger of overseas subsidiaries.
Loan to United Breweries (Holdings) Limited (UBHL):
- Company had written off outstanding loan amounting to ₹1,238 crores during Q4 FY26.
- Company continues to pursue legal remedies towards recovery.
Dispute with IDBI Bank Limited:
- Bank continues to retain pledge of certain assets despite Company prepaying term loan with penalty and depositing additional ₹46 crores as directed by High Court of Karnataka.
- Company has disclosed ₹46 crores under Other Non-current financial assets as recoverable.
Subsidiaries and Joint Ventures:
The consolidated results include:
Indian subsidiaries: Royal Challengers Sports Private Limited, Nao Spirits & Beverages Private Limited
Overseas subsidiaries: Asian Opportunities and Investments Limited, McDowell & Co. (Scotland) Limited, Palmer Investment Group Limited, Shaw Wallace Overseas Limited, United Spirits (Great Britain) Limited, United Spirits (UK) Limited, USL Holdings Limited, USL Holdings (UK) Limited, Hapusa Spirits UK Limited
Trust controlled by Company: USL Benefit Trust
Joint ventures: Inspired Hospitality Private Limited, Indie Brews and Spirits Private Limited, V9 Beverages Private Limited