1. India Stocks

  2. •

    Consumer non-durables

  3. •

    Beverages: alcoholic
United Breweries Limited

United Breweries Limited

1,143.00
INR
-39.65
(-3.35%)
20.16EPS
66.08P/E
352.06BMarket Cap
Oct 27Next Earn
United Breweries Limited
BSE:UBL
(Bombay Stock Exchange)

Recent

price

1,143.00

P/E

ratio

66.08

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
120.21
127.86
135.36
143.25
157.91
173.53
170.66
202.83
235.06
236.75
153.5
211.98
277.25
297.89
325
335.82
387.65
Revenue per Share
5.46
4.69
6.41
8.45
9.73
11.28
8.68
14.91
21.29
16.18
4.28
13.82
11.5
15.51
16.71
15.63
20.15
Basic EPS, GAAP
5.15
-7.3
5.76
10.95
31.8
20.39
20.58
21.3
24.32
3.93
15.87
27.46
-10.43
-4.61
-1.69
-2.9
- -
Free Cash Flow per Basic Share
0.74
1.01
0.92
0.9
1.15
1
0.92
0.93
2.01
2.51
2.51
0.51
10.51
7.51
9.26
9.42
- -
Dividend per Share
50.89
48.85
54.35
61.74
71.3
81.21
88.28
101.75
120.41
133.14
135.48
148.83
149.96
158.03
165.05
171.03
- -
Book Value per Share
48.1
47.17
52.67
60
68.84
78.95
86.25
99.88
118.48
131.32
134.45
147.97
149.25
157.44
164.52
170.58
- -
Tangible Book Value per Share
255
264
264
264
264
264
264
264
264
264
264
264
264
264
264
264
265
Basic Weighted Avg Shares
30,598
33,807
35,790
37,876
41,753
45,882
45,124
53,630
62,151
62,598
40,586
56,050
73,306
78,765
85,931
88,794
102,540
Sales/Revenue/Turnover
9.95
9.1
8.92
10.56
10.4
11.13
8.81
12.09
14.51
9.54
4.51
8.65
5.53
6.16
7.08
6.14
6.48
Operating Margin (%)
1,308
1,489
1,704
1,978
2,075
2,436
2,871
2,597
2,599
2,851
2,320
2,172
2,106
2,119
2,330
2,720
2,937
Depreciation Expense
1,475
1,268
1,721
2,260
2,598
2,983
2,296
3,942
5,629
4,277
1,132
3,655
3,040
4,100
4,417
4,132
5,330
Net Income, GAAP
34.91
41.89
35.12
32.44
31.34
34.31
33.96
35.07
35.94
24.72
32.81
25.96
26.99
25.45
26.89
26.48
26.03
Effective Tax Rate (%)
4.82
3.75
4.81
5.97
6.22
6.5
5.09
7.35
9.06
6.83
2.79
6.52
4.15
5.21
5.14
4.65
5.2
Profit Margin (%)
1,268
1,971
4,552
4,264
3,439
2,942
4,623
8,435
9,018
9,710
11,854
14,045
14,090
15,863
16,683
11,930
- -
Working Capital
2,747
3,581
6,993
4,860
5,599
2,580
1,840
2,050
754
89
1,152
61
107
169
357
1,088
- -
LT Debt
12,965
13,669
15,128
17,085
18,874
21,497
23,370
26,932
31,868
35,236
35,860
39,393
39,695
41,836
43,696
45,278
- -
Total Equity
11.32
7.83
7.68
9.21
9.62
10.05
7.84
12.29
15.28
11.5
3.12
9.3
7.02
8.93
9.38
8.31
- -
Return on Invested Capital (%)
11.32
9.33
8.72
9.82
10.85
12.09
9.09
14.3
18.18
12.55
3.35
9.64
7.73
10.02
9.7
8.55
- -
Return on Capital (%)
11.44
9.58
12.42
14.56
14.62
14.8
10.25
15.69
19.17
12.76
3.19
9.72
7.7
10.07
10.34
9.3
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
12,077
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
1,088
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
264
264
264
Market Capitalization
428,680
407,752
352,055

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
62,262
- -
Cash, Cash Equivalents & STI
- -
4,676
- -
Accounts Receivable, Net
- -
29,440
- -
Inventories
- -
21,503
- -
Total Current Liabilities
- -
50,332
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
12,077
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.87%
4.82%
3.62%
Free Cash Flow
12.62%
-22.51%
71.51%
Net Income, GAAP
23.6%
48.42%
-6.46%
Sales/Revenue/Turnover
8.74%
17.75%
3.33%
Total Cash Common Dividend
- -
376.81%
1.7%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
24,751
21,167
20,003
23,230
85,931
2026
28,643
- -
20,727
22,501
88,794
2027
30,669
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
6.56
5
1.45
3.69
16.71
2026
6.95
- -
3.06
3.85
15.63
2027
6.29
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
9.26
2026
- -
- -
- -
- -
9.42
2027
- -
- -
- -
- -
- -
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Business
United Breweries Limited manufactures, purchases and sells beer and non-alcoholic beverages primarily in India and internationally; its beer portfolio encompasses Heineken Original, Heineken Silver, Kingfisher Premium, Kingfisher Strong, Kingfisher Ultra, Kingfisher Ultra Max, Kingfisher Ultra Witbier, Amstel Bier, Amstel Grande, Bullet, Bullet Super Strong, Cannon 10000, Zingaro, Kingfisher Storm, Kingfisher Blue, Kingfisher Flavour Mango and lemon, Kalyani Black Label, UB Export Lager, UB Export Strong, London Pilsner Premium, London Pilsner Premium Strong and Queenfisher brands; non-alcoholic offerings include Kingfisher Premium Packaged Drinking Water, Kingfisher Strong Power Soda, Kingfisher Ultra-Premium Soda and Heineken 0.0; the company also licenses brands, provides contract manufacturing services and engages in scrap sales. Founded in 1915 and headquartered in UB Tower, Bengaluru, India, United Breweries Limited operates as a subsidiary of Heineken N.V. and maintains 19 breweries across India with 16 contract brewing arrangements; it serves retail outlets, bars and restaurants through a robust distribution network spanning urban and rural markets, holding over 40% share of the Indian beer market. The company pursues premiumisation with strong growth in brands such as Kingfisher Ultra, Kingfisher Ultra Max and Heineken Silver, alongside launches like Amstel Grande in Uttar Pradesh; it recently finalised lease registration for a greenfield brewery in Unnao, Uttar Pradesh, investing 750 crore rupees for 1.3 million hectolitres initial capacity focused on mainstream and premium brands including Heineken, with operations targeted for Q2 FY27; additionally, United Breweries approved 90 crore rupees for a canning line expansion at its Nizam Brewery in Telangana, boosting capacity by 0.4 million hectolitres for premium Kingfisher and Heineken products, and plans significant capital expenditure increases in FY26 for production and cooler availability.