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Earnings Call

United Breweries Earnings Call: Key Takeaways

United Breweries delivered volume growth but faces a significant ₹400-500cr inflationary headwind from the Middle East conflict, impacting margins despite a recovery in category growth.

Why this was an Alfa AlertNot a filter event. Results and guidance are cautious due to macro-economic cost pressures.
Highlights
Revenue growthPrice-mix impacted by contract manufacturing; double-digit revenue growth targeted for FY27.
MarginsGross margins up 330bps, but EBIT pressured by brand investment and inflation.
Demand visibilityStrong; beer category returned to 10% growth in Q4.
Management confidenceCautiously optimistic but transparent about significant ₹400-500cr cost headwinds.

Growth

Volume grew 4%, underperforming category growth of 10% due to aggressive competition and intentional portfolio corrections.

Outlook

Targeting 6-7% volume growth and double-digit revenue growth for FY27 with new capacity in UP and Telangana.

Risks

Massive cost pressure from glass, aluminum, and energy; intensified competition led to a 27% spike in brand investment.

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