$USL

United Spirits Ltd said an FSSAI order dated July 29 over whisky labeling for products made at a third-party unit in Madhya Pradesh will have no material operational or financial impact, according to its exchange filing. USL received the communication on Aug 4 and said it involves no monetary claims or penalties. The regulator is targeting alcobev labeling of added flavors; USL is evaluating and monitoring.

Dar es Salaam Stock Exchange reported weekly turnover up 155.5% to 64.53bn/- and volume up 119.8% to 15.88m shares, driven by institutional trades in banking and telecoms. Foreign investors recorded net outflow of 11.89bn/-. TBL and NMB led turnover. TCCL rose 33.5%, while MCB fell 53%. Separately, IFC issued a 7.60% 5-year TZS bond to fund NMB Bank’s MSME lending; CMSA approved NMB’s 1:10 split.

United Spirits Ltd, Diageo’s Indian subsidiary, filed a writ petition in Bombay High Court challenging an FSSAI June 29 order banning sale of its Baramati-made McDowell’s No. 1 Rum for labeling non-compliance. USL says labels comply and expects no material impact. FSSAI cites labeling rules, requiring “rum-flavored spirit” or “whisky-flavored spirit” for externally flavored products, extending to multiple brands and inspections/notices.

United Spirits filed a writ petition in the Bombay High Court against FSSAI’s June 29 order prohibiting sale of certain alcohol products over alleged non-compliant labelling. FSSAI said lab tests found external flavours masking rum/whisky taste. United Spirits said labels comply and the order has no material operational or financial impact. FSSAI also cited other products covered by the action.

Nuvola Spirits Pvt. Ltd., maker of Mikiamo and Seoulmate, said United Spirits Limited (USL) will invest ₹2.69 crore for a 10.08% stake. The companies frame the deal as support for Nuvola’s expansion and distribution of premium, globally inspired spirits in India, citing growth in India’s craft alcobev segment.

India’s FSSAI banned specific whisky and rum batches made in Madhya Pradesh by United Spirits (Diageo) and Inbrew Beverages, citing illegal flavor additives and misleading labeling. Lab tests found artificial or nature-identical flavorings used to mimic standard spirits, plus improper age/maturation claims. Affected brands include Antiquity Blue, Royal Challenge, Bagpiper Deluxe, and Old Cask Deluxe XXX.

Diageo India (United Spirits Limited) said Q1 FY27 marketing spend rose 31.1% to ₹312 crore, lifting A&P costs to 11.5% of net sales from 9.3%. Net sales grew 6% to ₹2,703 crore, while volume fell 3.4%. EBITDA margin eased 30 bps to 16% as EBITDA rose 4.1% to ₹432 crore. PAT jumped 51.6% to ₹391 crore, helped by ₹222 crore other income including a ₹150 crore dividend from Royal Challengers Sports.

United Spirits, an Indian subsidiary of Diageo, reported Q1 profit after tax of INR 391 crore, up 51.6% for the three months ended 30 June 2026. Net sales rose 6% to INR 2,703 crore. Prestige & Above grew 10.1%, while Popular sales fell 17.5%. Gross profit rose 11.2% and EBITDA was INR 432 crore, up 4.1%.

Unico Silver (ASX:USL) shares rose 6.5% to A$0.66 after the company said it has a binding deal to buy the La Mata estancia project in Argentina. USL will pay US$3.5 million in cash from existing treasury, avoiding equity dilution. The acquisition extends its Santa Cruz silver land consolidation alongside ongoing Joaquin project drilling and a shift toward pre-feasibility work.

Shares of Indian liquor firms including United Spirits and Tilaknagar rose up to 4% after the India-UK FTA. ISWAI said lower UK Scotch whisky tariffs could add value across the spirits supply chain and expand access to premium brands. JPMorgan kept an ‘Overweight’ rating on United Spirits with a Rs 1,510 target price.