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Diageo H1 FY26: Guinness +10.9% globally, confirmed as the UK's number-one beer

By Editorial1 March 202610w ago
Diageo H1 FY26: Guinness +10.9% globally, confirmed as the UK's number-one beer

Guinness took the UK number-one beer position in Diageo's H1 FY26 results (per the Diageo 2026 Interim Results and Investing.com slides coverage).

Group-level numbers: $10.5 billion net sales for the six months ended 31 December 2025, with organic net sales down 2.8% over the half. Spirits had a mixed performance with US softness and Chinese spirits down 56%. Beer and Guinness specifically were the bright spot.

Guinness grew 10.9% with growth in every region except Asia Pacific, and gained share every week of H1 FY26. Great Britain market rose 2.9% led by Guinness. Diageo's positioning is now explicit: Guinness is the UK's number-one beer overall, and Guinness 0.0 is the UK's number-one alcohol-free beer.

The geographic mix tells the runway story. GB plus Ireland plus the US together account for 54% of Guinness brand revenue with 5.4% beer market share; the rest of the world represents 15% of brand revenue with only 1% beer share. Europe (ex-UK), China and Australia are the explicit whitespace targets.

Diageo is backing the trajectory with capacity investment: a new Littleconnell brewing build to accelerate Guinness 0.0 expansion. Non-alcoholic sales grew 14% group-wide, led by Guinness 0.0 in GB plus Ireland plus the US.

For UK on-trade commercial teams, the read is that Guinness's pub stronghold has translated into off-trade and no/low share gains, and the brand is now the cross-occasion leader rather than a single-format pub-led franchise. For competing portfolios (Heineken's 0.0 range, AB InBev's no/low-alcohol portfolio, Carlsberg 0.0), the question is whether the UK no/low category can support multiple brand-share leaders or whether Guinness 0.0 has structural lock-in.

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