| 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 |
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 |
| 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 |
| 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 |
| 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 % |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
United Breweries
United Breweries
1,783.40
-13.20
(-0.73%)
Market Cap
47,503.00 Cr
EPS
16.71
PE Ratio
101.22
Dividend Yield
0.56 %
Industry
Beverages52 Week High
2,299.70
52 Week Low
1,768.00
PB Ratio
10.81
Debt to Equity
0.08
Sector
Breweries & Distilleries
Investment Returns
In Long Term
In Short Term
1 Year
0.00%
2 Years
0.00%
3 Years
0.00%
4 Years
0.00%
5 Years
0.00%
Analyst Rating
- By Refinitiv from18 analysts
Company News
View All News
United Breweries Relaunches Kalyani Black Label Strong Beer in West Bengal at INR 140 per Bottle
2 days ago
2 days agoUnited Breweries Limited relaunched Kalyani Black Label Strong beer in West Bengal on September 23, 2025. The product is categorized as Strong Mainstream and targets the domestic market. The beer is priced at INR 140 per 650ml bottle and will be available across leading outlets in West Bengal. According to CMO Vikram Bahl, the brand is deeply rooted in Bengal's beer culture and the accessible pricing aims to drive wider adoption and growth for the category in the state. United Breweries is part of the HEINEKEN group and is India's largest beer manufacturer with a diverse portfolio including Kingfisher, Heineken, and Amstel brands.
United Breweries Ltd. CEO Vivek Gupta expects 6-7% volume growth this fiscal year despite heavy rains impacting key states during the second quarter. The company reported 11% volume growth in the June quarter with premium portfolio growing 46%. Gupta anticipates 25% premiumisation growth and believes recent GST reforms could boost alcoholic beverage consumption if state governments don't increase excise taxes to compensate for revenue shortfalls. He advocates for separate taxation of beer from spirits, arguing that beer contains less than 6% alcohol compared to 40-45% in whisky and other spirits. The CEO highlighted challenges including commodity price volatility, aluminum can shortages, and state-wise taxation policies affecting expansion plans. Current quarter performance faces headwinds from significant rainfall across northern India, with the beer category down double digits in July and August.
United Breweries Directed to Pay ₹33.98 Lakh Environmental Compensation by Rajasthan Pollution BoardSep 11, 2025
Sep 11, 2025United Breweries Limited received a directive from the Rajasthan State Pollution Control Board to pay ₹33,98,438 as Environmental Compensation under the Polluter Pays Principle. The order relates to alleged violations of the Water Act and Air Act at the company's brewery in Chopanki, Rajasthan. The company received the direction on September 11, 2025, and must deposit the amount at RSPCB's regional office in Bhiwadi. United Breweries stated it does not expect any financial impact on its operations and is reviewing the notice while committing to work on the highest standards.
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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 |
|---|---|---|---|---|---|---|---|---|
1,317.60 | #1 98,257.80 | 61.04 | #1 12,405.00 | 7.44 | #1 1,582 | -14.02 | 58.76 | |
1,783.40 | #2 47,503.00 | #9 101.22 | #2 8,951.00 | #5 9.21 | #2 442 | #6 5.87 | 39.05 | |
2,962.80 | 39,736.30 | 98.17 | 4,856.00 | 17.65 | 346 | 73.08 | 57.67 | |
523.55 | 14,972.90 | 60.93 | 3,540.80 | 6.20 | 195 | #1 398.21 | 55.57 | |
457.35 | 8,949.80 | 31.91 | 1,451.70 | 20.16 | 230 | 120.70 | 46.73 | |
1,078.80 | 3,136.70 | 123.45 | 2,546.90 | 4.89 | 22 | 15.69 | 45.22 | |
136.53 | 2,668.20 | 25.98 | 1,447.40 | 59.21 | 105 | 3.95 | 47.01 | |
269.36 | 2,336.30 | 39.57 | 583.10 | 1.34 | 70 | -86.99 | 52.66 | |
984.50 | 1,798.30 | 21.60 | 1,080.00 | #1 259.88 | 81 | 33.33 | 39.82 | |
712.60 | 1,641.60 | #1 12.51 | 684.70 | -1.57 | 129 | 4.02 | 59.06 |
Forecast
Actual
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 |
| 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 % |
| 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 % |
| 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 % |
| 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 % |
| 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 % |
| 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 % |
| 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 |
Dividend History
Dividends per share (FY)
Dividend yield (FY) %
Dividends per share (FY)
Dividend yield (FY) %
| 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 | 0.56 |
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 |
Announcements
Announcement under Regulation 30 (LODR)-Press Release / Media Release2 days ago
2 days ago Shareholder Meeting / Postal Ballot-Scrutinizer"s Report6 days ago
6 days agoShareholder Meeting / Postal Ballot-Outcome of Postal_Ballot6 days ago
6 days agoAnnouncement 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, 2025Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 21, 2025
May 21, 2025Intimation Of Arrangement For Manufacturing Tie-UpMay 20, 2025
May 20, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeMay 15, 2025
May 15, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 10, 2025
May 10, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 09, 2025
May 09, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeMay 08, 2025
May 08, 2025Announcement under Regulation 30 (LODR)-Investor PresentationMay 07, 2025
May 07, 2025Corporate Action-Board approves DividendMay 07, 2025
May 07, 2025Corporate Action-Board approves DividendMay 07, 2025
May 07, 2025Corporate Action - Record DateMay 07, 2025
May 07, 2025Announcement under Regulation 30 (LODR)-Change in ManagementMay 07, 2025
May 07, 2025Outcome Of The Board Meeting - Appointment Of Secretarial AuditorMay 07, 2025
May 07, 2025Technical Indicators
RSI(14)
Neutral 39.05
ATR(14)
Less Volatile 35.33
STOCH(9,6)
Neutral 30.34
STOCH RSI(14)
Neutral 56.88
MACD(12,26)
Bullish 3.39
ADX(14)
Strong Trend 37.56
UO(9)
Bearish 36.51
ROC(12)
Downtrend And Accelerating -0.35
WillR(14)
Neutral -64.21
Mutual Fund Holdings
Tata Large & Mid Cap Fund Direct Plan-Growth 
ICICI Prudential Large & Mid Cap Fund Direct Plan-Growth 
Kotak Multicap Fund Direct - Growth 
Edelweiss Business Cycle Fund Direct-Growth 
SBI MNC Direct Plan-Growth 
Bandhan Flexi Cap Fund Direct-Growth 
Bandhan Multi-Factor Fund Direct - Growth 
Canara Robeco Large and Mid Cap Fund Direct-Growth 
Aditya Birla Sun Life Balanced Advantage Fund Direct-Growth 
Bajaj Finserv Consumption Fund Direct-Growth 
Motilal Oswal Nifty Midcap 150 Index Fund Direct - Growth 
Nippon India Nifty Midcap 150 Index Fund Direct - Growth 
Navi Nifty Midcap 150 Index Fund Direct - Growth 
HDFC NIFTY Midcap 150 Index Fund Direct - Growth 
Zerodha Nifty Large Midcap 250 Index Fund Direct - Growth 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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