United Breweries Ltd.

BSE: UBL532478ISIN INE686F01025

Fast Moving Consumer Goods
Breweries & Distilleries
BSE 200

BSE listing

Share price

₹1,248.95+33.15 (+2.73%)

as of 18 Sep 2026

52W high: ₹1,845.90
52W low: ₹1,214.00
Off 52W high: -32.34%
1M return: -7.68%
3M return: -6.91%
6M return: -20.39%
1Y return: -30.59%
20D avg volume: 1,01,359
50 DMA: ₹1,349.19
200 DMA: ₹1,464.31

Key ratios Consolidated

Market cap: ₹33,023 Cr
Current price: ₹1,248.95
52W high / low: ₹1,845.90 / ₹1,214.00
Face value: ₹1.00
P/E: 83.47
P/B: —
EPS (TTM): ₹14.96
Book value / share: —
ROE: —
ROCE: 13.60%
Operating margin: —
Net margin: —
Debt / equity: 0.26
Net debt: ₹715.18 Cr
Interest cover: 8.84
Dividend yield: 0.80%
Dividend / share (TTM): ₹10.00
Payout: 66.84%
Cash conversion cycle: 68.8 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	5,919	4,408	3,937	3,737	5,381	4,427	4,427	4,744	5,811	4,789	4,155	4,193
	50.71	8.15	11.09	14.86	11.07	8.01	10.14	10.40	7.35	26.46	24.77	12.09
	5,746	4,374	3,797	3,686	5,144	4,303	4,350	4,576	5,585	4,705	4,063	4,061
	1,640	1,113	1,262	1,080	1,543	1,258	1,132	1,189	1,357	1,218	1,008	1,045
	42.78	56.66	83.20	84.57	80.34	58.07	33.23	53.86	36.58	25.63	33.16	25.71
	216.39	195.49	180.90	186.37	199.41	191.38	168.23	175.16	131.50	125.57	109.63	118.24
	23.04	29.04	16.86	14.65	11.17	5.88	3.20	2.19	1.59	1.75	2.05	1.43
	85.78	76.01	68.96	64.09	62.93	56.77	61.34	57.15	57.72	57.76	51.84	50.92
	3,614	2,848	2,401	2,250	3,228	2,707	555.90	529.07	599.18	575.54	501.79	494.56
	224.49	42.28	151.02	65.80	247.88	132.07	87.08	178.28	233.44	109.76	116.88	144.03
	0.00	74.04	-18.73	0.00	0.00	0.00	-25.76	0.00	0.00	0.00	0.00	0.00
	224.49	116.32	132.29	65.80	247.88	132.07	61.32	178.28	233.44	109.76	116.88	144.03
	58.21	14.45	51.14	19.46	63.85	34.31	22.80	45.95	59.64	28.21	31.08	36.86
	166.28	101.87	81.15	46.34	184.03	97.76	38.52	132.33	173.80	81.55	85.80	107.17
	6.29	3.85	3.06	1.76	6.95	3.69	1.45	5.00	6.56	3.07	3.23	4.06
Key metrics
	333.31	221.37	218.11	144.54	321.98	194.72	125.86	237.62	292.75	169.27	170.77	196.38
	5.60%	5.00%	5.50%	3.90%	6.00%	4.40%	2.80%	5.00%	5.00%	3.50%	4.10%	4.70%
	2.80%	2.30%	2.10%	1.20%	3.40%	2.20%	0.90%	2.80%	3.00%	1.70%	2.10%	2.60%
	—	3.10%	—	1.80%	—	3.10%	—	—	—	—	—	—
	10.00%	-0.40%	-11.10%	-21.20%	-7.40%	-7.50%	6.50%	13.10%	—	—	—	—
	-9.60%	4.20%	110.70%	-65.00%	5.90%	19.90%	-55.10%	23.50%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	18,002	17,463	19,409	18,380	16,651	13,124	10,186	14,651	14,140	12,431
	84.81	45.17	35.90	73.74	49.43	29.79	50.25	9.30	32.01	13.13
	17,603	17,002	18,814	17,902	16,250	12,659	10,059	14,092	13,293	11,836
	5,095	4,997	4,937	4,568	4,225	2,707	1,965	2,966	2,917	2,496
	267.21	304.77	181.74	118.25	92.47	195.82	73.71	194.97	164.77	113.43
	779.15	762.17	718.46	452.10	411.83	523.12	485.49	504.12	448.43	399.22
	83.59	71.72	12.86	6.89	4.64	14.78	22.67	31.12	31.20	47.65
	294.84	271.99	232.98	211.90	210.59	217.19	232.01	285.10	—	—
	11,112	10,726	12,781	2,127	2,023	1,693	1,347	—	1,881	1,686
	483.59	506.98	630.87	551.14	450.43	494.44	176.63	568.92	879.31	607.82
	55.31	55.31	-25.76	0.00	-33.12	0.00	-7.22	0.00	0.00	0.00
	538.90	562.29	605.11	551.14	417.31	494.44	169.41	568.92	879.31	607.82
	143.26	148.90	162.70	140.28	112.63	128.36	55.58	140.63	316.00	213.19
	395.64	413.39	442.41	410.86	304.68	366.08	113.83	428.29	563.31	394.63
	14.96	15.63	16.71	15.51	11.50	13.82	4.28	16.18	—	—
Key metrics
	917.33	906.00	850.95	769.93	632.54	726.41	424.09	885.14	910.51	655.47
	5.10%	5.20%	4.40%	4.20%	3.80%	5.50%	4.20%	6.00%	6.40%	5.30%
	2.20%	2.40%	2.30%	2.20%	1.80%	2.80%	1.10%	2.90%	4.00%	3.20%
	—	13.60%	13.90%	—	—	—	—	—	—	—
	—	-10.00%	5.60%	10.40%	26.90%	28.80%	-30.50%	3.60%	13.70%	—
	—	-6.60%	7.70%	34.80%	-16.80%	221.60%	-73.40%	-24.00%	42.70%	—
	—	-76.77	-23.25	—	—	—	—	—	—	—
	—	1.05	0.53	—	—	—	—	—	—	—
	—	0.26	0.14	—	—	—	—	—	—	—
	—	715.18	278.06	—	—	—	—	—	—	—
	—	68.8	62.6	—	—	—	—	—	—	—
Balance sheet
	—	9,693	8,223	—	—	—	—	—	—	—
	—	6,226	5,674	—	—	—	—	—	—	—
	—	460.08	341.92	—	—	—	—	—	—	—
	—	2,944	2,861	—	—	—	—	—	—	—
	—	2,150	1,616	—	—	—	—	—	—	—
	—	555.31	524.23	—	—	—	—	—	—	—
	—	2,038	1,735	—	—	—	—	—	—	—
	—	1,799	1,150	—	—	—	—	—	—	—
	—	5,033	3,783	—	—	—	—	—	—	—
	—	1,175	619.98	—	—	—	—	—	—	—
	—	1,175	584.29	—	—	—	—	—	—	—
	—	0.00	35.69	—	—	—	—	—	—	—
	—	4,528	4,370	—	—	—	—	—	—	—
Cash flow
	—	434.95	235.05	—	—	—	—	—	—	—
	—	-409.05	-239.42	—	—	—	—	—	—	—
	—	91.51	217.14	—	—	—	—	—	—	—
	—	511.72	258.30	—	—	—	—	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	5,917	4,406	3,936	3,736	5,379	4,426	4,425	4,742	5,809	4,787	4,153	4,191
	50.64	7.82	10.85	15.01	10.95	7.85	10.08	10.52	7.25	26.32	24.06	12.23
	5,743	4,372	3,796	3,684	5,142	4,302	4,348	4,574	5,584	4,704	4,061	4,059
	1,643	1,114	1,264	1,081	1,545	1,261	1,134	1,191	1,360	1,221	1,010	1,047
	42.78	56.66	83.20	84.57	80.34	58.07	33.23	53.86	36.58	25.63	33.16	25.71
	215.05	194.30	179.57	185.06	197.95	189.91	166.91	173.86	130.25	124.26	108.46	117.16
	23.04	29.04	16.86	14.65	11.17	5.87	3.20	2.19	1.59	1.75	2.05	1.43
	85.69	75.91	68.88	63.98	62.84	56.66	61.29	57.08	57.66	57.71	51.77	50.84
	3,611	2,846	2,399	2,247	3,226	2,705	553.81	526.50	597.06	573.01	499.38	491.74
	224.61	42.01	150.59	66.52	247.46	131.55	86.73	178.09	232.74	108.84	115.81	144.55
	0.00	74.04	-18.73	0.00	0.00	0.00	-25.76	—	—	—	—	—
	224.61	116.05	131.86	66.52	247.46	131.55	60.97	178.09	232.74	108.84	115.81	144.55
	58.22	14.38	51.03	19.57	63.75	34.17	22.71	45.84	59.46	28.00	30.96	36.93
	166.39	101.67	80.83	46.95	183.71	97.38	38.26	132.25	173.28	80.84	84.85	107.62
	6.29	3.85	3.06	1.78	6.95	3.69	1.45	5.00	6.55	3.06	3.21	4.07
Key metrics
	333.34	221.00	217.60	145.15	321.47	194.08	125.46	237.36	291.99	168.30	169.63	196.82
	5.60%	5.00%	5.50%	3.90%	6.00%	4.40%	2.80%	5.00%	5.00%	3.50%	4.10%	4.70%
	2.80%	2.30%	2.10%	1.30%	3.40%	2.20%	0.90%	2.80%	3.00%	1.70%	2.00%	2.60%
	—	3.10%	—	1.80%	—	3.10%	—	—	—	—	—	—
	10.00%	-0.40%	-11.10%	-21.20%	-7.40%	-7.50%	6.50%	13.10%	—	—	—	—
	-9.40%	4.40%	111.30%	-64.50%	6.00%	20.50%	-54.90%	22.90%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	17,995	17,456	19,401	18,372	16,643	13,117	10,183	14,646	14,137	12,427
	84.32	44.63	35.70	72.93	49.27	29.66	50.20	9.11	31.70	12.98
	17,595	16,994	18,807	17,896	16,244	12,654	10,058	14,088	13,290	11,833
	5,103	5,004	4,946	4,576	4,233	2,714	1,973	2,975	2,927	2,505
	267.21	304.77	181.74	118.25	92.47	195.82	73.71	194.97	164.77	113.43
	773.98	756.88	713.12	447.53	407.76	519.36	482.29	499.77	443.86	394.63
	83.59	71.72	12.85	6.89	4.64	14.78	22.67	31.12	31.20	47.65
	294.46	271.61	232.69	211.64	210.32	216.91	231.85	284.97	259.78	259.60
	11,103	10,717	12,772	2,116	2,012	1,685	1,343	1,970	1,873	1,680
	483.73	506.58	629.11	549.32	448.57	492.89	175.18	567.42	878.48	606.83
	55.31	55.31	-25.76	—	-33.12	—	-7.22	—	—	—
	539.04	561.89	603.35	549.32	415.45	492.89	167.96	567.42	878.48	606.83
	143.20	148.73	162.18	139.93	111.99	127.88	55.11	140.19	315.70	212.84
	395.84	413.16	441.17	409.39	303.46	365.01	112.85	427.23	562.78	393.99
	14.98	15.63	16.69	15.48	11.48	13.81	4.27	16.16	21.29	—
Key metrics
	917.09	905.22	848.89	767.85	630.41	724.58	422.48	883.51	1,169	914.08
	5.10%	5.20%	4.40%	4.20%	3.80%	5.50%	4.10%	6.00%	8.30%	7.40%
	2.20%	2.40%	2.30%	2.20%	1.80%	2.80%	1.10%	2.90%	4.00%	3.20%
	—	13.60%	13.90%	—	—	—	—	—	—	—
	—	-10.00%	5.60%	10.40%	26.90%	28.80%	-30.50%	3.60%	13.80%	—
	—	-6.30%	7.80%	34.90%	-16.90%	223.40%	-73.60%	-24.10%	42.80%	—
	—	-75.39	-21.28	—	—	—	—	—	—	—
	—	1.05	0.53	—	—	—	—	—	—	—
	—	0.26	0.14	—	—	—	—	—	—	—
	—	715.48	278.98	—	—	—	—	—	—	—
	—	68.8	62.6	—	—	—	—	—	—	—
Balance sheet
	—	9,681	8,212	—	—	—	—	—	—	—
	—	6,220	5,671	—	—	—	—	—	—	—
	—	459.78	341.00	—	—	—	—	—	—	—
	—	2,943	2,860	—	—	—	—	—	—	—
	—	2,148	1,615	—	—	—	—	—	—	—
	—	555.09	524.14	—	—	—	—	—	—	—
	—	2,036	1,733	—	—	—	—	—	—	—
	—	1,798	1,149	—	—	—	—	—	—	—
	—	5,032	3,782	—	—	—	—	—	—	—
	—	1,175	619.98	—	—	—	—	—	—	—
	—	1,175	584.29	—	—	—	—	—	—	—
	—	0.00	35.69	—	—	—	—	—	—	—
	—	4,517	4,359	—	—	—	—	—	—	—
Cash flow
	—	435.67	233.50	—	—	—	—	—	—	—
	—	-409.37	-238.49	—	—	—	—	—	—	—
	—	91.73	217.36	—	—	—	—	—	—	—
	—	511.06	254.78	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +1.60%
Sales CAGR 5Y: +11.38%
Sales CAGR 10Y: —
Profit CAGR 3Y: +10.83%
Profit CAGR 5Y: +29.64%
Profit CAGR 10Y: —
Sales YoY (TTM): -5.14%
Profit YoY (TTM): -12.35%

Consolidated

Sales CAGR 3Y: +1.60%
Sales CAGR 5Y: +11.39%
Sales CAGR 10Y: —
Profit CAGR 3Y: +10.71%
Profit CAGR 5Y: +29.43%
Profit CAGR 10Y: —
Sales YoY (TTM): -5.14%
Profit YoY (TTM): -12.59%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Jun 2026

Promoter holding: 70.84%

Holder	Type	Holding	Previous	Change
SCOTTISH AND NEWCASTLE INDIA LIMITED	Promoter	34.04%	—	—
HEINEKEN INTERNATIONAL B.V	Promoter	24.27%	—	—
VIJAY MALLYA	Promoter	8.08%	—	—
SBI EQUITY HYBRID FUND	Public	4.94%	—	—
ICICI PRUDENTIAL BLUECHIP FUND	Public	4.74%	—	—
NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA GROWTH FUND	Public	3.46%	—	—
HEINEKEN UK LIMITED	Promoter	3.21%	—	—
KAMSCO INDUSTRIES PRIVATE LIMITED	Promoter Group	1.24%	—	—
DERIVE TRADING AND RESORTS PRIVATE LIMITED	Public	1.23%	—	—
RECOVERY OFFICER DRT 1 CHENNAI	Public	1.16%	—	—
KOTAK	Public	1.16%	—	—
MCDOWELL HOLDINGS LIMITED	Promoter Group	0.00%	—	—
UB OVERSEAS LIMITED	Promoter Group	0.00%	—	—
VITTAL INVESTMENTS PRIVATE LIMITED	Promoter Group	0.00%	—	—
MALLYA PRIVATE LIMITED	Promoter Group	0.00%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

Intimation for Trading Window Closure Period15 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Announcement under Regulation 30 Listing Regulations - Outcome of the Tax Litigation4 Sep 2026 · Company Update / General
Investor Presentation Capital Market Day 2026 -Investor/Analyst Meeting2 Sep 2026 · Company Update / Analyst / Investor Meet
Announcement under Regulation 30 of the Listing Regulations - Commissioning New Canning Line at Ellora Brewery, Maharashtra1 Sep 2026 · Company Update / Press Release / Media Release
Announcement under Regulation 30 (LODR)-Press Release - Intimation of Product Launch25 Aug 2026 · Company Update / Press Release / Media Release
Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations')- Schedule of Investor/ Analyst meeting25 Aug 2026 · Company Update / Analyst / Investor Meet
Annual General Meeting held on August 12, 2026 - Voting Results and Scrutinizer''s Report13 Aug 2026 · AGM/EGM / AGM
Proceedings of 27th Annual General Meeting of United Breweries Limited12 Aug 2026 · AGM/EGM / AGM
Announcement under Regulation 30 (LODR)-Earnings Call Transcript10 Aug 2026 · Company Update / Earnings Call Transcript
Newspaper Publication of Financial Results for the quarter ended June 30, 2026 - United Breweries Limited7 Aug 2026 · Company Update / Newspaper Publication
Audio Recording of Earnings Call for the quarter ended June 30, 20265 Aug 2026 · Company Update / Analyst / Investor Meet
Announcement under Regulation 30 of the SEBI Listing Regulations - Investor Presentations4 Aug 2026 · Company Update / Investor Presentation
Financial Results for the quarter ended June 30, 20264 Aug 2026 · Result / Financial Results
Outcome of the Meeting of the Board of Directors of United Breweries Limited ('the Company') held today, i.e., August 04, 20264 Aug 2026 · Board Meeting / Outcome of Board Meeting
Announcement under Regulation 30 of SEBI Listing Regulations, 2015- Revised Disclosure on Invite for Q1FY2026-27 Financial Results Earnings Call22 Jul 2026 · Company Update / Analyst / Investor Meet
Communication to Members of the Company - Intimation of tax deduction on dividend for the financial year 2025-2621 Jul 2026 · Company Update / General
Announcement under Regulation 30 of the SEBI Listing Regulations - Newspaper Publication on dispatch of Notice of AGM and Integrated Annual Report for FY2025-26, to the Shareholders of the Company.21 Jul 2026 · Company Update / Newspaper Publication
Announcement under Regulation 30 of the SEBI Listing Regulations - Schedule of Investor Meet21 Jul 2026 · Company Update / Analyst / Investor Meet
Business Responsibility and Sustainability Reporting (BRSR) for FY2025-2620 Jul 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Notice of Annual General Meeting for the year ended March 31, 2026.20 Jul 2026 · Company Update / General
United Breweries Limited - Integrated Annual Report20 Jul 2026 · Others / Reg. 34 (1) Annual Report
Disclosure under Regulation 30 of the SEBI Listing Regulations-Update on Capacity Addition17 Jul 2026 · Company Update / Press Release / Media Release
Certificate in terms of Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended June 30, 20269 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Notice to Members - Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 20159 Jul 2026 · Company Update / Newspaper Publication
United Breweries Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/08/2026 ,inter alia, to consider and approve Intimation of meeting of ....6 Jul 2026 · Board Meeting / Board Meeting
Intimation on Demand Notice received from the Assessment Authority2 Jul 2026 · Company Update / General
Communication to Members of the Company regarding Transfer of Shares to Investor Education and Protection Fund29 Jun 2026 · Company Update / General
Intimation for Trading Window Closure Period27 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Notice for Loss of Share Certificate23 Jun 2026 · Company Update / General
Intimation of Loss of Share Certificate8 Jun 2026 · Company Update / General
Intimation of Loss of Share Certificate1 Jun 2026 · Company Update / General
Intimation of Loss of Share Certificate25 May 2026 · Company Update / General
Press Release on Intimation of Product Launch19 May 2026 · Company Update / Press Release / Media Release
Closure of Operations of Ludhiana Brewery/Unit18 May 2026 · Company Update / General
Annual Secretarial Compliance Report of United Breweries Limited for the year ended March 31, 202615 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Outcome of Tax Litigation12 May 2026 · Company Update / General
Transcript of Earnings Call - Q4FY2025-2611 May 2026 · Company Update / Analyst / Investor Meet
Newspaper Advertisements on the publication of Q4FY2026 Financial Results for the year ended March 31, 20267 May 2026 · Company Update / Newspaper Publication
Intimation of Product Launch7 May 2026 · Company Update / Press Release / Media Release
General Disclosure under SEBI Listing Regulations7 May 2026 · Company Update / General

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 10.0000	7 Aug 2026	7 Aug 2026	—
Final Dividend - Rs. - 10.0000	31 Jul 2025	31 Jul 2025	—
Final Dividend - Rs. - 10.0000	25 Jul 2024	—	—

Board meetings

4 Aug 2026 Board Meeting - Financial Results