Cupid Breweries to buy United Spirits' Odisha unit for Rs 22.5 crore
Diageo-owned United Spirits is divesting its Gopalpur, Odisha manufacturing unit to Cupid Breweries for Rs 22.5 crore. The deal includes land, plant and excise licenses with 2.5 lakh cases per month capacity, continuing Diageo India's strategy of shedding non-core assets.
Cupid Breweries will acquire United Spirits' Gopalpur, Odisha alcobev manufacturing unit for Rs 22.5 crore, including land, plant and excise licenses with 2.5 lakh cases monthly capacity, as Diageo India continues divesting non-core assets.
Why this matters
Follows United Spirits' announced shutdown of its Hyderabad Malkajgiri unit by Aug 2026, signalling a wider supply-chain rationalisation even as Q4 profit rose 28% on premiumisation.
Retail-company signals steady at 2,811 over the last 90 days.