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United Breweries Ltd.

AlcoholBreweries & Distilleries

www.unitedbreweries.com BSE: 532478NSE: UBL

₹1,143.80BSE2.87%

23 Oct, 2:44 PM

₹1,143.80

₹31.27K Cr

79.04

6.68

9.32%

₹1,219.75

₹1,140.00

₹1,845.90

₹1,140.30

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Price Performance

Peer Comparison

Name
UNITDSPR UNITDSPR	1,252.10	49.49	91,071.60	1.33	463.00	11.03%	6,122.00	5.13%	27.86
RADICOKHAIT RADICO	4,157.15	79.92	55,701.26	0.21	229.60	75.91%	5,867.69	10.43%	22.64
United Breweries Ltd. UBL	1,143.80	79.04	31,269.87	0.85	166.28	-9.65%	5,919.44	10.01%	11.92
ABDL ABDL	669.10	88.36	18,715.41	0.77	45.42	-18.65%	1,809.15	1.85%	18.53
TILAKNAG IND TI	492.90		12,218.89	0.20	31.59	-64.31%	2,252.43	165.41%	4.31
PICCADILY AG PICCADIL	543.90	38.65	5,361.34	0.18	21.44	16.30%	270.50	18.12%	18.01
TRUALT TRUALT	399.05	24.05	3,421.96	0.00	59.27	1,154.41%	626.88	106.28%	10.57
GLOBUS SPR GLOBUSSPR	713.85	22.81	2,245.86	0.90	26.48	49.69%	1,151.88	21.05%	11.34

Quarterly Results

consolidated figures in ₹ Crores · Quarterly

Particulars	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	5,811.28	4,743.56	4,426.55	4,427.15	5,380.78	3,737.31	3,936.99	4,408.41	5,919.44
Expenses	5,525.88	4,516.34	4,285.07	4,240.44	5,069.87	3,607.63	3,711.24	4,269.23	5,636.84
	285.40	227.22	141.48	186.71	310.91	129.68	225.75	139.18	282.60
	4.91%	4.79%	3.20%	4.22%	5.78%	3.47%	5.73%	3.16%	4.77%
	7.35	10.40	-15.62	8.01	11.07	14.86	-7.64	82.19	50.71
Interest	1.59	2.19	3.20	5.88	11.17	14.65	16.86	29.04	23.04
	57.72	57.15	61.34	56.77	62.93	64.09	68.96	76.01	85.78
	233.44	178.28	61.32	132.07	247.88	65.80	132.29	116.32	224.49
	25.55%	25.77%	37.18%	25.98%	25.76%	29.57%	38.66%	12.42%	25.93%
	173.55	132.17	38.40	97.57	183.87	46.52	81.00	101.78	166.33
	6.56	5.00	1.45	3.69	6.95	1.76	3.06	3.85	6.29

Profit & Loss

consolidated figures in ₹ Crores · Annual

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
INCOME :
	13,123.92	16,651.09	18,379.53	19,408.54	17,463.49
Less: Excise Duty	7,285.48	9,151.17	10,256.85	10,493.45	8,223.55
	5,838.44	7,499.92	8,122.68	8,915.09	9,239.94
EXPENDITURE :
Increase/Decrease in Stock	23.01	-51.87	-33.45	-49.96	-132.52
Raw Material Consumed	1,108.92	1,677.89	1,708.00	1,855.99	1,949.25
Power & Fuel Cost	147.79	227.76	227.12	217.36	221.43
Employee Cost	523.12	595.51	647.35	718.46	762.17
Other Manufacturing Expenses	1,975.14	2,896.88	3,267.48	3,577.95	3,693.41
General and Administration Expenses	438.37	468.82	530.91	574.10	584.10
Selling and Distribution Expenses	743.42	884.45	844.91	907.46	1,008.64
Miscellaneous Expenses	182.05	184.25	234.17	272.92	347.94
	5,141.82	6,883.69	7,426.49	8,074.28	8,434.42
Operating Profit (Excl OI)	696.62	616.23	696.19	840.81	805.52
	29.79	49.43	73.74	35.90	45.17
	726.41	665.66	769.93	876.71	850.69
Interest	14.78	4.64	6.89	12.86	71.72
PBDT	711.63	661.02	763.04	863.85	778.97
	217.19	210.59	211.90	232.98	271.99
Profit Before Taxation & Exceptional Items	494.44	450.43	551.14	630.87	506.98
Exceptional Income / Expenses		-33.12		-25.76	55.31
	494.44	417.31	551.14	605.11	562.29
Provision for Tax	128.36	112.63	140.28	162.70	148.90
	366.08	304.68	410.86	442.41	413.39
Extra items			0.00	0.00	0.00
Minority Interest	-0.62	-0.70	-0.83	-0.72	-0.22
Consolidated Net Profit	365.46	303.98	410.03	441.69	413.17
Profit Balance B/F	2,252.64	2,605.08	2,634.35	2,847.30	3,026.45
Appropriations	2,618.10	2,909.06	3,044.38	3,288.99	3,439.62
Equity Dividend %	1,050.00%	750.00%	1,000.00%	1,000.00%	1,000.00%
	13.82	11.50	15.51	16.71	15.63
Adjusted EPS	13.82	11.50	15.51	16.71	15.63

Balance Sheet

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
	26.44	26.44	26.44	26.44	26.44
Share Warrants & Outstandings				5.93	5.93
Total Reserves	3,908.68	3,938.45	4,151.90	4,331.55	4,489.73
Reserve excluding Revaluation Reserve	3,908.68	3,938.45	4,151.90	4,331.55	4,489.73
Revaluation reserve	0.00	0.00	0.00
	3,935.12	3,964.89	4,178.34	4,363.92	4,522.10
Minority Interest	4.14	4.61	5.22	5.72	5.74
Deferred Tax Assets / Liabilities	-38.44	-45.01	-52.93	-66.74	-78.34
Other Long Term Liabilities	31.03	29.19	31.51	56.09	119.37
Long Term Provisions	136.44	124.59	157.96	191.36	175.89
Total Non-Current Liabilities	129.03	108.77	136.54	180.71	216.92
Trade Payables	638.00	716.98	948.45	1,463.43	1,799.24
Other Current Liabilities	1,234.39	1,458.41	1,707.63	1,612.60	1,942.39
Short Term Borrowings			77.41	574.85	1,175.26
Short Term Provisions	102.22	102.07	95.64	132.13	116.26
Total Current Liabilities	1,974.61	2,277.46	2,829.13	3,783.01	5,033.15
Total Liabilities	6,042.90	6,355.73	7,149.23	8,333.36	9,777.91
Gross Block	4,939.41	5,142.51	5,258.88	5,459.71	6,016.15
Less: Accumulated Depreciation	3,026.50	3,254.13	3,445.95	3,673.42	3,929.29
Less: Impairment of Assets		37.35	37.35	37.35	37.35
Net Block	1,912.91	1,851.03	1,775.58	1,748.94	2,049.51
Capital Work in Progress	109.89	77.13	172.68	253.37	512.17
Non Current Investments	8.35	8.05	7.97	7.85	7.74
Long Term Investment	8.35	8.05	7.97	7.85	7.74
Long Term Loans & Advances	602.15	711.06	725.41	789.48	920.31
Other Non Current Assets	30.47	22.01	52.12	82.46	62.02
Total Non-Current Assets	2,663.77	2,669.28	2,733.76	2,882.10	3,551.75
Inventories	935.81	1,427.81	1,368.74	1,616.43	2,150.28
Sundry Debtors	1,254.86	1,407.32	2,313.84	2,860.63	2,943.98
Cash and Bank	909.68	395.29	214.20	435.61	571.56
Other Current Assets	80.92	76.86	92.16	109.55	107.11
Short Term Loans and Advances	192.98	374.31	421.60	424.18	453.23
Total Current Assets	3,374.25	3,681.59	4,410.54	5,446.40	6,226.16
Net Current Assets (Including Current Investments)	1,399.64	1,404.13	1,581.41	1,663.39	1,193.01
Total Assets	6,042.90	6,355.73	7,149.23	8,333.36	9,777.91
Contingent Liabilities	1,220.20	2,307.23	2,552.63	2,330.04	1,992.36
Total Debt	0.00	0.00	77.41	574.85	1,175.26
	148.83	149.96	158.03	164.83	170.81
Adjusted Book Value	148.83	149.96	158.03	164.83	170.81

Cash Flow

consolidated figures in ₹ Crores

Particulars	FY 2021-22 (Mar)	FY 2022-23 (Mar)	FY 2023-24 (Mar)	FY 2024-25 (Mar)	FY 2025-26 (Mar)
No of Months	12.00	12.00	12.00	12.00	12.00
	494.44	417.31	551.14	605.11	562.29
Adjustment	235.86	218.88	181.57	243.91	244.81
Changes In working Capital	299.39	-616.02	-524.45	-443.56	-157.74
Cash Flow after changes in Working Capital	1,029.69	20.17	208.26	405.46	649.36
Cash Flow from Operating Activities	899.62	-119.57	69.50	213.54	434.95
Cash Flow from Investing Activities	-160.07	-120.83	-147.81	-237.76	-409.05
Cash Flow from Financing Activitie	-286.65	-292.34	-122.40	236.99	91.51
Net Cash Inflow / Outflow	452.90	-532.74	-200.71	212.77	117.41
Opening Cash & Cash Equivalents	409.70	862.60	329.86	129.15	341.92
Effect of Foreign Exchange Fluctuations					0.75
Closing Cash & Cash Equivalent	862.60	329.86	129.15	341.92	460.08

Ratios

Valuation

79.04

6.68

36.98

1.74

14.96

177.09

Profitability

9.32

11.92

4.57

4.61

2.37

Leverage & Liquidity

0.26

1.24

8.84

Returns

0.85

1.93

Shareholding Pattern

Numbers in percentages

Particulars	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26	Sep '26
	70.83	70.83	70.83	70.83	70.83	70.83	70.83	70.83	70.83	70.83
	23.97	24.03	24.11	24.24	24.26	24.10	24.11	24.18	23.82	23.80
	5.21	5.14	5.06	4.93	4.91	5.07	5.07	4.99	5.36	5.38
	29.17	29.17	29.17	29.17	29.17	29.17	29.17	29.17	29.17	29.17
No. of Shareholders	67,868	66,794	68,483	68,802	71,177	78,877	81,332	79,464	93,908	95,495

Mutual Funds Invested(105)

Based on each fund's latest monthly portfolio · Sep 2026

A total of 41 active funds hold 16.11% in United Breweries Ltd., contributing to ₹4.93K Cr of holdings

Fund				As of
SB SBI Large & Midcap Fund - Growth - Direct PlanLarge & Mid Cap	662.43	1.64	57,20,000	Sep '26
SB SBI Aggressive Hybrid Fund - Growth - Direct PlanHybrid - Aggressive Hybrid Fund	579.05	0.67	50,00,000	Sep '26
IP ICICI Prudential Multi Asset Allocation Fund - Growth - Direct PlanHybrid - Multi Asset Allocation	500.71	0.60	43,23,514	Sep '26
NI Nippon India Multi Cap Fund - Growth - Direct PlanMulti Cap Fund	346.89	0.65	29,95,350	Sep '26
SB SBI Multicap Fund - Growth - Direct PlanMulti Cap Fund	335.85	1.43	29,00,000	Sep '26
IP ICICI Prudential Large & Mid Cap Fund - Growth - Direct PlanLarge & Mid Cap	317.11	1.00	27,38,149	Sep '26
NI Nippon India Growth Mid Cap Fund - Growth Option - Direct PlanMid Cap Fund	286.28	0.57	24,72,000	Sep '26
NI Nippon India Large Cap Fund - Growth - Direct PlanLarge Cap Fund	282.87	0.55	24,42,516	Sep '26
KO Kotak Flexi Cap Fund - Growth - Direct PlanFlexi Cap Fund	240.31	0.45	20,75,000	Sep '26
SB SBI ELSS Tax Saver Fund - Growth - Direct PlanEquity - ELSS - Tax Saver Fund	141.24	0.47	12,19,590	Sep '26

Corporate Actions

Showing: All

Date	Type	Details
2026-10-05	Board Meeting	Quarterly Results
2026-07-06	Board Meeting	Quarterly Results
2026-05-06	AGM

Insider Trading

Date	Person	Category	Transaction Type	Shares	Value (₹)

No insider trading data available.

Sector Overview

AlcoholBreweries & Distilleries

United Breweries Ltd. operates in the Alcohol sector under the Breweries & Distilleries industry. This sector is one of the key drivers of the Indian economy and is closely tracked by the relevant Nifty sectoral index.

Company Profile

Corporate information and contact details

Key Management

12 members across the board and senior leadership

Anand Kripalu

Chairman

₹1.15 Cr

Mar '26

Vivek Gupta

Managing Director & Chief Executive Officer

₹15.05 Cr

Mar '26

Jorn Elimar Kersten

Executive Director & Chief Financial Officer

₹6.29 Cr

Mar '26

Jan Cornelis van der Linden

Non Executive Director

—

Radovan Sikorsky

Non Executive Director

—

Yolanda Talamo

Non Executive Director

—

Geetu Gidwani Verma

Non Executive Independent Director

₹91.47 L

Mar '26

Manu Anand

Non Executive Independent Director

₹93.82 L

Mar '26

Subramaniam Somasundaram

Non Executive Independent Director

₹79.75 L

Mar '26

Ranjan Ramdas Pai

Non Executive Independent Director

₹56.29 L

Mar '26

Nikhil Malpani

Company Secretary & Compliance Officer

—

Neha Munjral

Director - Legal

—

UBL Latest News

News

10 of 10 articles

EQUITY14 Oct 2026 · 14:30

United Breweries informs about analyst meet

EQUITY13 Oct 2026 · 11:40

United Breweries surges on launching Heineken Silver in Assam

This unique brewing method contributes to its smooth, crisp and subtle taste profile, making it a refreshing and easy-to-drink lager

COMPANY12 Oct 2026 · 11:43

United Breweries launches Heineken Silver in Assam

This unique brewing method contributes to its smooth, crisp and subtle taste profile, making it a refreshing and easy-to-drink lager

EQUITY1 Sept 2026 · 16:44

United Breweries informs about press release

EQUITY1 Sept 2026 · 12:51

United Breweries rises on commissioning new canning line at Ellora Brewery

The new line will be Ellora Brewery’s first canning line and among the fastest in UBL’s network, with a capacity of 40,000 cans per hour

COMPANY1 Sept 2026 · 12:40

United Breweries commissions new canning line at Ellora Brewery

The new line will be Ellora Brewery’s first canning line and among the fastest in UBL’s network, with a capacity of 40,000 cans per hour

EQUITY26 Aug 2026 · 14:06

United Breweries gains on expanding Heineken Silver across Kerala, Odisha and Madhya Pradesh

The strong response to Heineken Silver in existing markets reflects these evolving preferences

COMPANY26 Aug 2026 · 12:50

United Breweries expands Heineken Silver across Kerala, Odisha and Madhya Pradesh

The strong response to Heineken Silver in existing markets reflects these evolving preferences

EQUITY7 Aug 2026 · 15:22

United Breweries informs about press release

COMPANY17 Jul 2026 · 16:13

United Breweries commissions new canning line at Nizam Brewery in Telangana

The project reinforces UBL's commitment to building future-ready manufacturing capabilities

UBL

₹1,143.80

-2.87%