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As of 18 Sept 2026, 03:30 pm
On September 1, 2026, United Breweries Limited announced a ₹110 crore investment to commission a new canning line at its Ellora Brewery in Maharashtra. This facility is expected to be operational in September 2026, subject to statutory approvals, and will have a capacity of 40,000 cans per hour. The investment aims to meet growing demand for cans, support premiumization, and enhance manufacturing productivity.
Yes, on September 4, 2026, United Breweries Limited received a favorable order from the High Court of Judicature at Bombay (Aurangabad Bench) regarding a service tax dispute. The court dismissed the Revenue's appeal, confirming that the ₹21.92 crore demand for September 2009 to November 2011 was time-barred. As a result, the company's contingent liability related to this litigation has been reduced from ₹21.92 crore to nil.
As of September 18, 2026, the daily and weekly technical trends for United Breweries Limited are indicated as bearish. The daily trend shows the closing price of ₹1251.5 is below the 20-day Exponential Moving Average (EMA) of ₹1283.49 and the 50-day EMA of ₹1327.2. The weekly trend also shows a bearish SuperTrend direction with a value of ₹1434.61, and the closing price is below both the 20-day EMA (₹1362.75) and 50-day EMA (₹1504.54) on a weekly basis. However, the monthly trend is indicated as bullish, with the SuperTrend at ₹1110.34 and the closing price above the 20-day EMA (₹1614.45).
As of September 18, 2026, United Breweries Limited has experienced varied returns across different periods. The 1-year return was -30%, and the year-to-date return was -22%. Over the last 6 months, the return was -23%, and over the last 3 months, it was -7%. The 1-month return was -8%, and the return since the start of trading was -40%.
As of 18 Sept 2026, 03:30 pm
Recent drawdown or price variability is materially high and may lead to larger short-term outcomes.
Primary driver: Price remains materially below a previous peak
Upward price movement of 3.33 standard deviations recorded on 2026-09-18.
Unusual market activity that may warrant review of the underlying price, volume, or news context.
Trading volume was unusually high, but the closing price did not show a clear directional move.
This indicates increased participation without a clear directional signal.
Downward price movement of 3.14 standard deviations recorded on 2026-09-08.
Unusual market activity that may warrant review of the underlying price, volume, or news context.
Trading volume was unusually high, but the closing price did not show a clear directional move.
This indicates increased participation without a clear directional signal.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | PEAK₹5,919.44 crore | ₹4,408.41 crore | ₹3,936.99 crore | ₹3,737.31 crore | ₹5,380.78 crore |
| Expenses | PEAK₹5,745.66 crore | ₹4,374.28 crore | ₹3,797.06 crore | ₹3,686.37 crore | ₹5,143.97 crore |
| Profit Before Exceptional Items And Tax | ₹224.49 crore | ₹42.28 crore | ₹151.02 crore | ₹65.80 crore | PEAK₹247.88 crore |
| Profit Before Tax | ₹224.49 crore | ₹116.32 crore | ₹132.29 crore | ₹65.80 crore | PEAK₹247.88 crore |
| Tax Expense | ₹58.21 crore | ₹14.45 crore | ₹51.14 crore | ₹19.46 crore | PEAK₹63.85 crore |
| Profit Loss For Period | ₹166.28 crore | ₹101.87 crore | ₹81.15 crore | ₹46.34 crore | PEAK₹184.03 crore |
Revenue from operations for the quarter was ₹5,919.44 crore, up 10.01% from ₹5,380.78 crore in the corresponding period last year. Sequentially, revenue rose 34.28% from ₹4,408.41 crore in the preceding quarter. This quarter represents the highest revenue of the fiscal year, consistent with the seasonal pattern observed in the prior fiscal year.
Finance costs doubled year-over-year, rising from ₹11.17 crore to ₹23.04 crore, an increase of 106.27%. While the absolute amount remains modest relative to total revenue and expenses, the sharp rise added to the overall cost increase.
Net profit for the period was ₹166.28 crore, down 9.65% from ₹184.03 crore in the prior-year quarter. The effective tax rate remained stable at roughly 25.9% versus 25.8% a year ago. Basic earnings per share fell from ₹6.95 to ₹6.29, a decline of 9.5%, consistent with the drop in net profit.
Total comprehensive income for the quarter was ₹166.05 crore, down 15.19% from ₹195.79 crore in the prior year. The decline was larger than the net profit contraction because other comprehensive income swung from a positive ₹11.76 crore to a negative ₹0.23 crore, a net movement of approximately ₹12 crore.
United Breweries reported a 10% rise in revenue to ₹5,919.44 crore for the June quarter, supported by peak summer demand. Total expenses grew at a faster 11.7% to ₹5,745.66 crore, compressing margins and driving a 9.65% decline in net profit to ₹166.28 crore. A sharp rise in finance costs and a reversal in other comprehensive income further widened the gap between top-line performance and bottom-line results.
Exchange disclosures and regulatory announcements for United Breweries.
United Breweries Limited announced the closure of its trading window starting September 21, 2026, to consider and approve the Statement of Financial Results for the quarter and year to date ended September 30, 2026, as per SEBI PIT Regulations. The announcement was made on September 15, 2026.
United Breweries Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window
On September 4, 2026, United Breweries Limited received a favorable order from the High Court of Judicature at Bombay (Aurangabad Bench) dismissing the Revenue's appeal regarding a service tax dispute. The court upheld the CESTAT Mumbai decision that the ₹21.92 crore demand for the period September 2009 to November 2011 was barred by limitation and applied the principle of consistency with prior rulings. Consequently, the company's contingent liability related to this litigation has been reduced from ₹21.92 crore to nil.
United Breweries Limited provided a weblink for its Capital Markets Day 2026 investor presentation, scheduled for September 3, 2026, in compliance with SEBI regulations.
United Breweries Limited (UBL) announced the commissioning of a new canning line at its Ellora Brewery in Maharashtra, backed by a ₹110 crore investment. The facility, expected to become operational in September 2026 subject to statutory approvals, will have a capacity of 40,000 cans per hour and initially produce cans of Kingfisher Strong, Kingfisher Premium, Bullet Strong, and London Pilsner. This investment aims to meet growing consumer demand for cans, support premiumization, and improve manufacturing productivity.
United Breweries Limited launched Heineken® Silver, a premium mild lager beer, in the domestic market on August 25, 2026, as disclosed under Regulation 30 of the SEBI Listing Regulations.
United Breweries Limited announced the expansion of Heineken® Silver, a premium mild lager beer, to the domestic markets of Kerala, Odisha, and Madhya Pradesh effective August 25, 2026. The product launch, disclosed via a regulatory filing under SEBI Listing Regulations, targets consumers seeking differentiated premium offerings and leverages the company's pan-India distribution network comprising 35 breweries.
At United Breweries Limited's 27th Annual General Meeting held on August 12, 2026, all five resolutions were passed with requisite majority. The resolutions included adoption of audited financial statements for the year ended March 31, 2026, declaration of a dividend for that fiscal year, re-appointment of Radovan Sikorsky as a director, re-appointment of B S R & Co. LLP as statutory auditors, and a special resolution to increase borrowing limits from banks and financial institutions and create related charges.
Recent market and company developments associated with United Breweries.
Beer is closing the gap with spirits, with brewers seeing premium and super-premium brands as the next engine of growth.
Vijay Mallya, Enforcement Directorate, ED, Bombay High Court, money laundering case, PMLA, Kingfisher Airlines, SBI consortium, bank loan recovery, Vijay Mallya assets, Rs 14,131 crore assets, Rs 9,000 crore loans, United Breweries Holdings, UBHL, proclaimed offender, Prevention of Money Laundering Act
United Breweries is betting on improving state mix, portfolio mix and productivity, instead of relying on volume-led operating leverage. Will the new plan work for the Heineken and Kingfisher owner?
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Indian beverage firms are increasingly using glass and PET bottles for packaging. This shift occurs as the West Asia conflict disrupts aluminium can supplies and raises costs. Aluminium can prices have risen by at least twenty percent due to these global issues. Beer makers report stronger demand for glass bottles when cans are unavailable. Companies are securing materials in advance amid ongoing global uncertainties.
At current levels, UBL trades at a trailing price-to-earnings of 85.82x, with a total market cap of approximately ₹33,815 crore and a free float market cap of around ₹9,206 crore
United Breweries Ltd reports positive demand momentum in the current quarter. The company maintains its double-digit revenue growth outlook for FY27. Premium brands are expected to grow over twenty percent this fiscal year. New canning line investment will enhance production flexibility in Maharashtra. Cost pressures from ongoing disruptions are estimated at Rs 300-350 crore.
With capacity of 40,000 cans per hour
Comprehensive Section Breakdown for United Breweries
Strategic Vision: Brewing and distributing alcoholic and non-alcoholic beverages in India.
• Portfolio of iconic beer brands
• Distribution network across India
• Alignment with The HEINEKEN Company's global strategy
United Breweries Limited reported results for the quarter ended June 30, 2026 (FY2026-27 Q1). Revenue from operations increased 10% year-over-year to ₹5,919.44 crore, reflecting peak summer demand. However, total expenses grew at a faster 11.7% to ₹5,745.66 crore, compressing operating margins. Net profit fell 9.65% to ₹166.28 crore, and earnings per share declined from ₹6.95 to ₹6.29.
Total expenses for the quarter were ₹5,745.66 crore, an increase of 11.70% from ₹5,143.97 crore a year earlier. This growth outpaced revenue expansion by 1.7 percentage points. Consequently, the expense-to-revenue ratio rose from 95.6% to 97.1%, compressing profitability.
Profit before tax declined 9.44% to ₹224.49 crore from ₹247.88 crore. The absolute increase in expenses (₹601.69 crore) exceeded the absolute increase in revenue (₹538.66 crore) by ₹63.03 crore. The actual decline in pre-tax profit was smaller at ₹23.39 crore, indicating that other income partially offset the cost pressure. Other income for the current quarter stood at ₹50.71 crore.
United Breweries reported strong Q1 FY27 results with sell-out volumes up 13% and premium volumes growing 17% excluding war-impacted states. CEO Vivek Gupta highlighted that the beer revolution has started in India, driven by policy reforms in Karnataka, Maharashtra, Jharkhand, and Andhra Pradesh. Despite a -300bps gross margin impact from the Middle East war, the company's recovery program delivered a 41.0% gross margin and EBITDA of 10.9% (-35bps YoY but improved from 6.5% in the prior quarter). Premium margins turned accretive for the first time due to localisation and improved execution. Free operating cash flow improved 38% to ₹548 crore.
Management expects inflationary pressures on costs to persist and remains focused on disciplined pricing, rigorous cost management, and productivity to protect margins. The outlook for the Indian beer industry remains attractive, supported by premiumisation, favourable demographics, and increasing consumer preference for beer. UBL will continue to drive category growth, strengthen its portfolio through innovation, and advocate for policies supporting sustainable industry growth. With disciplined capital allocation, the company is well positioned to capture long-term opportunities.
Category: Consumer Staples
The company is primarily engaged in the brewing and distribution of beer, aiming to make beer the drink of choice through consumer-centricity and advocacy.
Key Products & Services: Heineken Original • Heineken Silver • Kingfisher Premium • Kingfisher Strong • Kingfisher Mango Berry Twist • Kingfisher Lemon Masala • Kingfisher Ultra
Category: Consumer Staples
Offers non-alcoholic alternatives to cater to evolving consumer preferences and occasions.
Core Thesis: The company's operational approach is guided by Heineken’s 'Brew a Better World 2030' strategy, implemented locally as the 'Brew a Better India' strategy.
• Responsible: Empowers consumers by providing choices, clear product information, and access to non-alcoholic alternatives, while promoting moderation. • Social: Fosters a safe, inclusive, and empowering workplace, alongside engaging with communities to create positive impact. • Environmental: Underscores commitment to responsible brewing practices through sustainable initiatives.