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Earnings Call

United Breweries Earnings Call: Key Takeaways

United Breweries Q4FY26 shows revenue decline but improved gross margins. Focus remains on premiumization and category growth despite geopolitical headwinds.

Highlights
Revenue growthQ4: -3%; FY26: +4%
MarginsGross margin expanded 332bps in Q4 to 45.4%.
Demand visibilityBeer category returned to growth (+10% in Q4).
Management confidenceOptimistic on long-term growth despite short-term volatility.

Growth

Q4 revenue down 3%, PAT up 4%. FY26 full-year revenue up 4%, PAT down 6%.

Outlook

Projected INR 400-500 Cr cost pressure over next 2-3 quarters; driving premiumization and efficiency.

Risks

Middle East war impacting oil/gas prices and freight costs; INR currency pressure vs USD.

Source

Earnings Call filed with BSE, NSE: UBL. Summary written with AI assistance from the document.

Read the document ↗

United Breweries Ltd: key numbers

Share price
₹1,251.30
Market cap
₹33,085 Cr
Revenue (annual)
₹9,240 Cr
Net profit (annual)
₹413.2 Cr
P/E (TTM)
83.6×Sector 29.0×
Promoter holding
70.83%+0.00% QoQ
FII holding
4.87%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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22:13 IST BSE
Legal & Regulatory

United Breweries Legal & Regulatory

UBL received a favorable High Court order dismissing a ₹21.92 crore service tax demand, reducing the company's contingent tax liability to nil.

Value
₹21.92 Cr