United Spirits Limited — PPTs, 15-05-2026: Investor Presentation

**Business Performance:** United Spirits reported strong performance, with Net Revenue, Profit After Tax (PAT), and Earnings Per Share (EPS) all showing significant growth in FY24. The company is actively driving its premiumization strategy across India's diverse markets. Notably, Black & White has become India's #1 Scotch, and Johnnie Walker continues to perform robustly, making India its third-largest market globally.

**Growth Drivers or Strategy:** Key strategies involve accelerating premiumization, introducing new liquids and formats (like Royal Challenge's revamp), expanding market penetration with pocket packs, and building brand equity through cultural integration and authentic Indian flavors. The company is also focusing on strengthening luxury brands such as Johnnie Walker and Don Julio Tequila through on-trade channels.

**Recent Developments:** Recent updates include the launch of Johnnie Walker Blonde 200ml, Godawan 173, refreshed Black & White packaging, new Smirnoff flavours, and a complete renovation for Royal Challenge.

**Key Financial Metrics:** For FY24, Net Revenue was ₹3,45,710, PAT stood at ₹62,098, and EPS reached ₹85.03.

**Management Commentary / Outlook:** Management highlighted a focus on sustained profitable growth through bold marketing, innovation, and digital transformation. Priorities include accelerating premiumization, enhancing innovation, and optimizing supply chain and market reach.