Inve India ▾

United Breweries share price & results

United Breweries Limited· Fast Moving Consumer Goods

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

Manufactures and markets beer in India under Kingfisher and premium brands like Heineken Silver.

Company research is public. Sign in to keep your own companies, notes and cases.

Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue3,067 ₹ crore+7.1% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin9.0 %−2.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit166 ₹ crore−9.8% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity7.77 %−3.0 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin0.02 %+0.5 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)1.49 %−6.1 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

1 of 1 judged target kept · 9 open · verdicts reflect calls analysed to Q1 FY27.

United Breweries Limited management guidance track record on Inve: 10 targets tracked across analysed earnings calls (1 achieved, 0 missed, 9 open).

TargetOriginal wordingSaidLatest callVerdict
EBITDA Margindouble-digit
Call transcript, Q2 FY26 · 30 Oct 2025		Q2 FY26Q1 FY27:Achieved. The company reported an EBITDA margin of 10.9% for Q1 FY27, meeting the double-digit target.
Call transcript, Q1 FY27 · 5 Aug 2026		Achieved
Volume Growth5-7%
Call transcript, Q4 FY25 · 8 May 2025		Q4 FY25Q1 FY27:Management guided for 'high single-digit' volume growth for FY27 and 'double-digit' growth in the coming quarters, a significant upgrade from the previous 5.5-6% guidance, supported by 13% industry and sell-out growth in Q1.
Call transcript, Q1 FY27 · 5 Aug 2026		Revised Up
Maharashtra Next-Day Delivery95% (from 62%)
Call transcript, Q4 FY25 · 8 May 2025		Q4 FY25Q1 FY27:While the specific 95% delivery metric was not mentioned, Maharashtra saw over 20% growth following policy interventions, and management highlighted improved go-to-market execution, suggesting the underlying strategy is successful.
Call transcript, Q1 FY27 · 5 Aug 2026		On Track

Source: Inve Guidance Tracker for United Breweries Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

9 of United Breweries Limited's 10 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 7 more targets are in the full ledger.

Free account: 5 full ledgers a month and one Inve Case. Pro opens 100 a month, ₹499.
See the full record

Price

₹1,136.2 −0.56% · −₹6.4

Last close 26 Oct 2026 · NSE · INR · Source: Inve

Performance −37.9% 1Y

₹1.2k₹1.4k₹1.6k₹1.8kOct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 30 Oct 2025Q1 FY27 — 5 Aug 2026

1Y: ₹1,829.1 on 24 Oct 2025 → ₹1,136.2. High ₹1,840.3 (29 Oct 2025), low ₹1,136.2 (26 Oct 2026).

Previous close
₹1,142.6
Market cap
₹30.2k Cr
52-week range
₹1,136.2 – ₹1,840.3
One year
−37.65%
Price to earnings (TTM to Jun 2026)
87.62×
Return on equity (TTM to Jun 2026)
7.77%

Overview

Symbol
NSE:UBL
Exchange
NSE
Currency
INR

What United Breweries Limited does

Based on the company's own presentations, annual report and earnings calls.

United Breweries Limited brews, bottles and markets beer across India, operating a network of breweries and route-to-market distribution that reaches retail outlets nationwide. It earns by selling beer across mainstream and premium price segments, with premiumization (Kingfisher Ultra, Ultra Max, Heineken Silver) a core growth lever. The company is expanding brewing capacity with a new greenfield brewery in Uttar Pradesh while rationalizing its existing brewery network, including the announced closure of its Mangalore brewery, and is investing in trade infrastructure such as visi-coolers to support cold-chain retail availability.

Segments

  • Beer
Trade visi-cooler placements
37,000 stores
Greenfield brewery under construction
Uttar Pradesh
Geographic footprint
Breweries and beer distribution across multiple Indian states including Karnataka, Maharashtra, Andhra Pradesh, Rajasthan, Odisha, West Bengal, Telangana and Uttar Pradesh
Brewery network rationalization
Mangalore brewery closure announced as part of network optimization
Founded 1999Headquarters UB Tower, UB City, Vittal Mallya Road, Bengaluru, Karnataka, India Company website

How the price took the results

close before → close after

Q1 FY27
−1.5%
5 Aug
Q2 FY26
−2.8%
30 Oct

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Your own record

Start an Inve Case for United Breweries Limited

Free account: one company. Everything above stays public.

Write why you follow United Breweries Limited and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.

What an account adds

Keep reading

Other Fast Moving Consumer Goods companies

All Fast Moving Consumer Goods companies → · Fast Moving Consumer Goods earnings growth →

Learn to analyse United Breweries Limited

Guides on how to read this kind of business and the numbers that matter.