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United Spirits Profit Falls on Weak Budget Sales

Diageo Indian unit United Spirits reported a 2 percent fall in second quarter profit as weak sales in its popular segment and regulatory changes weighed on revenue. Quarterly revenue declined 2.7 percent to 70.01 billion rupees amid tax scrutiny.

Insights:
A salesman picks a bottle of Black & White blended Scotch whisky, a brand of Diageo’s United Spirits Ltd, from a shelf at a liquor store in Bengaluru, India, January 20, 2026. REUTERS/Priyanshu Singh

United Spirits reported a 2% fall in second-quarter profit on Wednesday morning, weighed down by weak sales of lower-priced brands and regional policy changes in India.