| Quarterly Financials | Jun 2018 | Sept 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sept 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
Revenue  | 1,882 | 1,530 | 1,454 | 1,641 | 2,053 | 1,581 | 1,458 | 1,426 | 509 | 932 | 1,351 | 1,556 | 1,126 | 1,432 | 1,589 | 1,722 | 2,449 | 1,697 | 1,626 | 1,778 | 2,285 | 1,902 | 1,849 | 2,160 | 2,483 | 2,127 | 2,010 | 2,331 | 2,875 | 2,068 |
| Expenses | 1,466 | 1,209 | 1,204 | 1,458 | 1,721 | 1,387 | 1,233 | 1,292 | 603 | 860 | 1,117 | 1,345 | 1,024 | 1,262 | 1,409 | 1,448 | 2,173 | 1,463 | 1,569 | 1,712 | 2,052 | 1,706 | 1,679 | 1,991 | 2,190 | 1,890 | 1,885 | 2,136 | 2,553 | 1,923 |
| EBITDA | 416 | 321 | 250 | 183 | 332 | 194 | 225 | 134 | -94 | 73 | 234 | 212 | 102 | 170 | 180 | 275 | 277 | 234 | 57 | 65 | 234 | 196 | 171 | 169 | 293 | 238 | 126 | 195 | 322 | 145 |
| Operating Profit % | 21 % | 21 % | 17 % | 11 % | 16 % | 12 % | 15 % | 9 % | -19 % | 4 % | 14 % | 13 % | 9 % | 12 % | 11 % | 15 % | 11 % | 13 % | 3 % | 3 % | 10 % | 10 % | 8 % | 7 % | 12 % | 11 % | 6 % | 8 % | 11 % | 6 % |
| Depreciation | 64 | 66 | 67 | 64 | 69 | 69 | 74 | 73 | 51 | 61 | 58 | 62 | 55 | 56 | 53 | 53 | 58 | 52 | 50 | 51 | 51 | 51 | 52 | 58 | 58 | 57 | 61 | 57 | 63 | 64 |
| Interest | 9 | 4 | 6 | 12 | 8 | 9 | 10 | 5 | 7 | 6 | 5 | 4 | 4 | 5 | 4 | 3 | 1 | 1 | 2 | 1 | 2 | 1 | 2 | 2 | 2 | 2 | 3 | 6 | 11 | 15 |
| Profit Before Tax | 344 | 251 | 178 | 107 | 255 | 116 | 142 | 56 | -152 | 5 | 171 | 145 | 43 | 109 | 124 | 219 | 218 | 181 | 5 | 14 | 181 | 144 | 117 | 110 | 233 | 178 | 61 | 132 | 248 | 66 |
| Tax | 121 | 88 | 68 | 39 | 91 | 2 | 35 | 14 | -38 | 2 | 44 | 48 | 12 | 29 | 33 | 55 | 56 | 46 | 7 | 4 | 44 | 37 | 31 | 28 | 60 | 46 | 23 | 34 | 64 | 20 |
| Net Profit | 222 | 163 | 110 | 69 | 165 | 115 | 107 | 42 | -115 | 4 | 127 | 98 | 31 | 80 | 91 | 164 | 163 | 134 | -2 | 10 | 136 | 107 | 86 | 82 | 174 | 132 | 39 | 98 | 184 | 46 |
| EPS in ₹ | 8.41 | 6.15 | 4.14 | 2.59 | 6.23 | 4.34 | 4.05 | 1.56 | -4.33 | 0.14 | 4.80 | 3.67 | 1.17 | 3.04 | 3.43 | 6.18 | 6.13 | 5.07 | -0.07 | 0.37 | 5.15 | 4.06 | 3.23 | 3.07 | 6.56 | 5.00 | 1.45 | 3.69 | 6.95 | 1.76 |
United Breweries
United Breweries
1,814.80
+4.50
(0.25%)
There are 1 new updates from the company1 day ago
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Key Fundamentals
Market Cap
47,984.20 Cr
EPS
16.71
PE Ratio
130.64
Dividend Yield
0.55 %
Industry
Beverages 52 Week High
2,299.70
52 Week Low
1,738.40
PB Ratio
10.98
Debt to Equity
0.08
Sector
Breweries & Distilleries Analyst Rating and Forecast
- By Refinitiv from19 analysts
Actual
Company News
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United Breweries CEO Vivek Gupta highlighted that taxation accounts for 75% of beer pricing, with the company's net realization being only 25%. He explained that a Re 1 cost increase translates to a Rs 4-5 price increase for consumers due to high tax burden. Gupta advocated for separating beer from spirits in taxation regimes, citing beer's lower alcohol content and social nature. The company has expanded its cooler network from 15,000 to 35,000 units. Second quarter results were mixed, with one-third to 40% of business showing double-digit growth in states like Maharashtra, Goa, Assam, Andhra Pradesh and Jharkhand. However, northern states experienced volume declines of nearly 20%, with Punjab and Haryana seeing category drops of up to 40% in certain months due to heavy rainfall impact.
United Breweries discussed its strategy to improve profit margins by focusing on premium products and local production during a conference call. The company is working to balance its presence across different market segments while pursuing these margin enhancement initiatives.
United Breweries expects the beer category to grow 5-6%, based on the past 5% compound annual growth rate. The company plans to increase capital expenditure to high single-digit percentage of sales, up from previous mid single-digit levels.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
1,450.90 | #1 1,05,531.30 | 64.46 | #1 12,405.00 | 7.44 | #1 1,582 | 36.07 | 74.45 | |
1,814.80 | #2 47,984.20 | #9 130.64 | #2 8,951.00 | #4 9.21 | #2 442 | #9 -65.00 | 52.95 | |
3,199.60 | 42,832.30 | 93.59 | 4,856.00 | 17.65 | 346 | 72.99 | 61.83 | |
672.05 | 18,797.90 | 78.60 | 3,540.80 | 6.20 | 195 | 32.14 | 73.45 | |
504.35 | 9,775.00 | 37.77 | 1,451.70 | 3.10 | 230 | #1 120.70 | 57.93 | |
1,135.80 | 3,289.90 | 135.30 | 2,546.90 | 4.89 | 22 | 15.69 | 56.90 | |
1,249.60 | 2,855.00 | #1 19.92 | 684.70 | -1.57 | 129 | 60.83 | 70.58 | |
130.10 | 2,536.80 | 23.99 | 1,447.40 | 12.52 | 105 | 3.95 | 49.67 | |
1,193.60 | 2,157.90 | 25.93 | 1,080.00 | #1 259.88 | 81 | 33.33 | 68.99 | |
253.75 | 2,142.40 | 37.31 | 583.10 | 1.34 | 70 | -86.99 | 46.01 |
Automatic Screeners on ScanX
Growth Rate
Revenue Growth
9.21 %
Net Income Growth
7.67 %
Cash Flow Change
238.20 %
ROE
3.05 %
ROCE
5.37 %
EBITDA Margin (Avg.)
4.26 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 3,885 | 4,366 | 4,479 | 4,723 | 5,384 | 5,551 | 5,852 | 5,949 | 6,280 | 7,053 | 8,223 |
| Fixed Assets | 1,836 | 1,822 | 1,750 | 1,730 | 1,777 | 1,926 | 1,950 | 1,913 | 1,851 | 1,776 | 1,749 |
| Current Assets | 1,761 | 2,181 | 2,365 | 2,641 | 3,001 | 2,961 | 3,324 | 3,379 | 3,686 | 4,416 | 5,453 |
| Capital Work in Progress | 90 | 61 | 137 | 72 | 190 | 199 | 129 | 110 | 77 | 173 | 253 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 8 | 8 | 8 | 8 |
| Other Assets | 1,959 | 2,483 | 2,591 | 2,921 | 3,417 | 3,425 | 3,768 | 3,918 | 4,344 | 5,097 | 6,213 |
| Total Liabilities | 3,885 | 4,366 | 4,479 | 4,723 | 5,384 | 5,551 | 5,852 | 5,949 | 6,280 | 7,053 | 8,223 |
| Current Liabilities | 1,449 | 1,886 | 1,903 | 1,797 | 2,100 | 1,990 | 2,138 | 1,975 | 2,278 | 2,829 | 3,783 |
| Non Current Liabilities | 583 | 330 | 239 | 233 | 98 | 37 | 128 | 35 | 33 | 41 | 70 |
| Total Equity | 1,853 | 2,150 | 2,337 | 2,693 | 3,187 | 3,524 | 3,586 | 3,939 | 3,970 | 4,184 | 4,370 |
| Reserve & Surplus | 1,824 | 2,121 | 2,308 | 2,664 | 3,157 | 3,494 | 3,556 | 3,909 | 3,938 | 4,152 | 4,338 |
| Share Capital | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 26 |
Cash Flow
| Cash Flow | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | -60 | -3 | 9 | 3 | 17 | 10 | 380 | 453 | -533 | -201 | 213 |
| Investing Activities | -330 | -245 | -234 | -197 | -430 | -402 | -152 | -160 | -121 | -148 | -239 |
| Operating Activities | 841 | 539 | 544 | 563 | 643 | 508 | 620 | 900 | -120 | 70 | 235 |
| Financing Activities | -572 | -297 | -301 | -364 | -196 | -95 | -88 | -287 | -292 | -122 | 217 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
| Promoter | 57.72 % | 72.71 % | 72.71 % | 72.71 % | 72.71 % | 72.71 % | 72.71 % | 72.71 % | 72.71 % | 72.71 % | 70.99 % | 70.83 % | 70.83 % | 70.83 % | 70.83 % | 70.83 % | 70.83 % | 70.83 % | 70.83 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 6.63 % | 6.43 % | 6.26 % | 6.43 % | 6.91 % | 6.73 % | 6.26 % |
| DIIs | 9.92 % | 10.02 % | 10.40 % | 10.84 % | 11.85 % | 12.95 % | 13.61 % | 13.90 % | 14.41 % | 14.35 % | 15.97 % | 15.75 % | 16.13 % | 16.38 % | 16.61 % | 16.52 % | 16.17 % | 16.37 % | 16.68 % |
| Government | 16.15 % | 1.16 % | 1.16 % | 1.16 % | 1.16 % | 1.16 % | 1.16 % | 1.16 % | 1.16 % | 1.16 % | 1.16 % | 1.16 % | 1.16 % | 1.16 % | 1.16 % | 1.16 % | 1.16 % | 1.16 % | 1.16 % |
| Public / Retail | 3.27 % | 3.28 % | 3.22 % | 3.17 % | 3.14 % | 3.08 % | 2.84 % | 2.77 % | 2.74 % | 2.82 % | 2.87 % | 2.77 % | 2.79 % | 2.71 % | 2.65 % | 2.60 % | 2.48 % | 2.48 % | 2.58 % |
| Others | 12.94 % | 12.83 % | 12.51 % | 12.11 % | 11.14 % | 10.10 % | 9.68 % | 9.46 % | 8.98 % | 8.96 % | 9.02 % | 9.49 % | 2.46 % | 2.50 % | 2.49 % | 2.46 % | 2.45 % | 2.43 % | 2.49 % |
| No of Share Holders | 60,198 | 66,133 | 63,301 | 66,556 | 66,559 | 64,675 | 63,576 | 61,760 | 63,475 | 69,384 | 67,954 | 65,418 | 66,914 | 67,868 | 66,794 | 68,483 | 68,802 | 71,177 | 78,877 |
Dividend History
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 1.15 | 2 | 2.5 | 2.5 | 0.5 | 10.5 | 7.5 | 10 | 10 |
| Dividend Yield (%) | 0.00 | 0.12 | 0.14 | 0.27 | 0.2 | 0.03 | 0.75 | 0.43 | 0.5 | 0.55 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 03 Jul 2021 |  Dividend | ₹ 0.50 /share | 01 Jul 2021 | 1,143.25 | 1,447.40 |
| 04 Aug 2022 | Dividend | ₹ 10.50 /share | 02 Aug 2022 | 1,534.90 | 1,577.90 |
| 04 Aug 2023 | Dividend | ₹ 7.50 /share | 03 Aug 2023 | 1,434.70 | 1,556.85 |
| 26 Jul 2024 | Dividend | ₹ 10.00 /share | 25 Jul 2024 | 1,982.70 | 2,107.75 |
| 01 Aug 2024 |  Annual General Meeting | NA | 01 Aug 2024 | 1,982.70 | 2,013.65 |
| 24 Oct 2024 |  Quarterly Result Announcement | NA | 24 Oct 2024 | 2,088.85 | 1,991.80 |
| 13 Feb 2025 | Quarterly Result Announcement | NA | 13 Feb 2025 | 2,031.95 | 2,057.05 |
| 07 May 2025 | Quarterly Result Announcement | NA | 07 May 2025 | 1,942.65 | 2,139.05 |
| 22 Jul 2025 | Quarterly Result Announcement | NA | 22 Jul 2025 | 1,927.05 | 2,022.00 |
| 31 Jul 2025 | Dividend | ₹ 10.00 /share | 31 Jul 2025 | 2,139.05 | 1,950.65 |
| 07 Aug 2025 | Annual General Meeting | NA | 07 Aug 2025 | 2,139.05 | 1,930.55 |
| 29 Oct 2025 | Quarterly Result Announcement | NA | 29 Oct 2025 | 1,783.50 | 1,833.70 |
Announcements
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
1 day ago
1 day agoAnnouncement under Regulation 30 (LODR)-Newspaper Publication5 days ago
5 days agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome5 days ago
5 days agoAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation6 days ago
6 days agoAmendment The Code Of Practices & Procedures For Fair Disclosure Of Unpublished Price Sensitive Information (Code Of Fair Disclosure)6 days ago
6 days agoBoard Meeting Outcome for Outcome Of The Meeting Of The Board Of Directors Of United Breweries Limited (The Company) Held Today I.E. October 29 20256 days ago
6 days agoResults - Unaudited Financial Results For The Quarter Ended September 30 20256 days ago
6 days agoAnnouncement under Regulation 30 (LODR)-Press Release / Media ReleaseOct 22, 2025
Oct 22, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationOct 16, 2025
Oct 16, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 08, 2025
Oct 08, 2025Closure of Trading WindowSep 26, 2025
Sep 26, 2025Board Meeting Intimation for Intimation Of Meeting Of The Board Of Directors Of United Breweries Limited And Closure Of Trading WindowSep 26, 2025
Sep 26, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseSep 23, 2025
Sep 23, 2025 Shareholder Meeting / Postal Ballot-Scrutinizer"s ReportSep 19, 2025
Sep 19, 2025Shareholder Meeting / Postal Ballot-Outcome of Postal_BallotSep 19, 2025
Sep 19, 2025Announcement Under Regulation 30 SEBI (LODR) - UpdateSep 11, 2025
Sep 11, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseSep 09, 2025
Sep 09, 2025Announcement under Regulation 30 (LODR)-Change in ManagementSep 05, 2025
Sep 05, 2025Intimation On Commencement Of ProductionSep 01, 2025
Sep 01, 2025Announcement Under Regulation 30 SEBI (LODR) - UpdateAug 26, 2025
Aug 26, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 20, 2025
Aug 20, 2025Shareholder Meeting / Postal Ballot-Notice of Postal BallotAug 19, 2025
Aug 19, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 15, 2025
Aug 15, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAug 12, 2025
Aug 12, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportAug 08, 2025
Aug 08, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMAug 08, 2025
Aug 08, 2025Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/sAug 07, 2025
Aug 07, 2025Announcement under Regulation 30 (LODR)-Resignation of Statutory AuditorsAug 07, 2025
Aug 07, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMAug 07, 2025
Aug 07, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeJul 29, 2025
Jul 29, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 24, 2025
Jul 24, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeJul 23, 2025
Jul 23, 2025Announcement under Regulation 30 (LODR)-Investor PresentationJul 22, 2025
Jul 22, 2025Results-Financial Results For The Quarter Ended June 30 2025Jul 22, 2025
Jul 22, 2025Board Meeting Outcome for Outcome Of The Board MeetingJul 22, 2025
Jul 22, 2025Disclosure Under Regulation 36(1)(B) Of The SEBI LODR Regulations 2015Jul 16, 2025
Jul 16, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationJul 16, 2025
Jul 16, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 16, 2025
Jul 16, 2025Communication To Members Of The CompanyJul 16, 2025
Jul 16, 2025Shareholders Meeting UpdateJul 14, 2025
Jul 14, 2025Business Responsibility and Sustainability Reporting (BRSR)Jul 14, 2025
Jul 14, 2025Reg. 34 (1) Annual Report.Jul 14, 2025
Jul 14, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 10, 2025
Jul 10, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 06, 2025
Jul 06, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseJun 30, 2025
Jun 30, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJun 25, 2025
Jun 25, 2025Board Meeting Intimation for Intimation Of Meeting Of The Board Of Directors Of United Breweries Limited And Closure Of Trading WindowJun 25, 2025
Jun 25, 2025Announcement Under Regulation 30 Of SEBI LODR - UpdateJun 20, 2025
Jun 20, 2025Announcement Under Regulation 30 SEBI LODR - UpdateJun 11, 2025
Jun 11, 2025Closure Of Operations Of Mangalore Brewery/UnitJun 02, 2025
Jun 02, 2025Mutual Fund Holdings
Nippon India Multi Cap Fund Direct-Growth 
ICICI Prudential Multicap Fund Direct Plan-Growth 
Bajaj Finserv Flexi Cap Fund Direct-Growth 
SBI MNC Direct Plan-Growth 
Bandhan Flexi Cap Fund Direct-Growth 
Aditya Birla Sun Life Equity Hybrid '95 Fund Direct-Growth 
Tata Large & Mid Cap Fund Direct Plan-Growth 
Canara Robeco Large and Mid Cap Fund Direct-Growth 
HDFC Multi Cap Fund Direct - Growth 
Bandhan Multi-Factor Fund Direct - Growth 
Sundaram Mid Cap Fund Direct-Growth Technical Indicators
RSI(14)
Neutral 52.95
ATR(14)
Volatile 32.14
STOCH(9,6)
Neutral 66.95
STOCH RSI(14)
Neutral 55.29
MACD(12,26)
Bullish 3.39
ADX(14)
Weak Trend 20.35
UO(9)
Bearish 58.28
ROC(12)
Uptrend And Accelerating 2.29
WillR(14)
Neutral -29.49
About United Breweries
United Breweries Limited is India's leading beer company with a 54% market share. It operates 21 breweries and 10 contract units across India, producing beer and non-alcoholic beverages. The company's flagship brand is Kingfisher, with Kingfisher Strong being India's top-selling beer. United Breweries also produces international brands like Heineken and Amstel. The company's product portfolio includes various beer brands such as Kingfisher Premium, Ultra, Storm, and Amstel, as well as non-alcoholic offerings like Kingfisher Premium Packaged Drinking Water and Heineken 0.0. In 2021, Heineken International B.V. became the majority shareholder with a 61.52% stake in the company. United Breweries continues to expand its product range and market presence, recently launching Heineken Silver and Ultra MAX Draught in select markets.
Chairperson NameAnand Kripalu
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