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Earnings Call

United Breweries Earnings Call: Key Takeaways

United Breweries reported Q4 FY26 volume growth of 4% despite a double-digit category rebound, focusing on premiumization (16% growth) and managing cost pressures from geopolitical tensions.

Why this was an Alfa AlertNot a filter event. Performance was largely in line with general category trends, and management highlighted upcoming cost headwinds rather than a material guidance beat.
Highlights
Revenue growthDouble-digit growth guided for FY27.
MarginsGross margin up 330 bps; EBIT pressured by brand investment.
Demand visibilityStrong underlying demand; category grew 10% in Q4.
Management confidenceHigh confidence in structural growth and long-term beer category potential.

Growth

Primary volumes grew 4%, while sell-through was 8-9%. Premium segment up 16%. Gross margin expanded 330 bps.

Outlook

FY27 volume guidance of 6-7% with double-digit revenue growth. New brewery in UP and can lines planned.

Risks

Geopolitical impact in Middle East creating ₹400-500cr cost headwind; high aluminum and energy prices.

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