United Breweries Ltd (UBL)
₹1,398.60
Mkt cap
₹36,980 Cr
P/E ratio
108.00
P/B
8.18
Div yield
0.72%
ROE
7.69%
ROCE
10.70%
EPS (TTM)
₹12.95
Book value
₹171
52W range
1,286–2,036
Sector
Fast Moving Consumer Goods
United Breweries Limited (UBL) is engaged in the business of manufacture and sale of beer and non-alcoholic beverages. [1]
Health check
Cautious
ValuationExpensive
ProfitabilityWeak
GrowthModerate
TechnicalsBearish
52-week range
−31.30% from high₹1,399
₹1,286+8.76% from low₹2,036
Current
₹1,398.60
Prev close
₹1,400.00
Day
−0.10%
Price performance
1D
−0.10%
1W
+3.53%
1M
+5.25%
3M
−5.31%
6M
−3.85%
1Y
−30.89%
YTD
−12.39%
Financials
FRevenue, profit & margin
P/E ratio
108.0×
UBL is 140% above the sector median of 45.0×
UBL108.0×
Sector median45.0×
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Trend | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,766 | 2,275 | 1,890 | 1,824 | 2,133 | 2,475 | 2,117 | 2,000 | 2,323 | 2,864 | 2,053 | 2,073 | 2,250 | |
| Expenses | 1,712 | 2,052 | 1,706 | 1,678 | 1,991 | 2,190 | 1,890 | 1,859 | 2,136 | 2,553 | 1,923 | 1,847 | 2,111 | |
| Operating Profit | 54 | 223 | 184 | 146 | 143 | 285 | 227 | 141 | 187 | 311 | 130 | 226 | 139 | |
| OPM % | 3% | 10% | 10% | 8% | 7% | 12% | 11% | 7% | 8% | 11% | 6% | 11% | 6% | |
| Other Income | 12 | 10 | 12 | 25 | 26 | 7 | 10 | -16 | 8 | 11 | 15 | -8 | 82 | |
| Interest | 1 | 2 | 1 | 2 | 2 | 2 | 2 | 3 | 6 | 11 | 15 | 17 | 29 | |
| Depreciation | 51 | 51 | 51 | 52 | 58 | 58 | 57 | 61 | 57 | 63 | 64 | 69 | 76 | |
| Profit before tax | 13 | 180 | 144 | 117 | 110 | 233 | 178 | 61 | 132 | 248 | 66 | 132 | 116 | |
| Tax % | 27% | 24% | 26% | 27% | 26% | 26% | 26% | 37% | 26% | 26% | 30% | 39% | 12% | |
| Net Profit | 10 | 136 | 107 | 86 | 82 | 174 | 132 | 39 | 98 | 184 | 46 | 81 | 102 | |
| EPS in Rs | 0.37 | 5.15 | 4.06 | 3.23 | 3.07 | 6.56 | 5.00 | 1.45 | 3.69 | 6.95 | 1.76 | 3.06 | 3.85 | |
| Raw PDF |
Earnings
EResults dates & reactionsNext results
4 Aug '26
Fresh quarters land in the Financials table above, tagged NSE until screener catches up.
Avg earnings-day move +0.19% · closed higher next day 20 of last 59
| Q1FY24 | Q2FY24 | Q3FY24 | Q4FY24 | Q1FY25 | Q2FY25 | Q3FY25 | Q4FY25 | Q1FY26 | Q2FY26 | Q3FY26† | Q4FY26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Broadcast | 28 Jul '23◦ | 20 Oct '23 | 9 Feb '24 | 7 May '24◦ | 26 Jul '24 | 24 Oct '24◦ | 14 Feb '25 | 16 May '25◦ | 22 Jul '25◦ | 30 Oct '25 | 4 May '26◦ | 5 May '26◦ |
| Earnings day | −1.92% | +2.84% | +1.17% | +0.52% | −3.43% | +0.26% | +0.51% | +0.11% | −0.93% | −2.78% | −0.64% | −2.82% |
| +1 day | +1.33% | +4.01% | −1.67% | −4.72% | −5.35% | −2.48% | −0.10% | −1.47% | −0.78% | −2.33% | −3.44% | −1.76% |
| +5 days | +0.82% | +2.74% | −1.27% | −5.89% | −5.29% | −2.90% | −0.53% | −0.21% | −4.15% | −3.03% | −3.60% | −4.99% |
| +15 days | −2.44% | +0.46% | −3.26% | −6.36% | −5.72% | −6.30% | −6.39% | +1.78% | −5.69% | −6.16% | −8.16% | −7.84% |
| +30 days | +2.48% | +9.42% | −2.46% | +4.25% | −2.02% | +0.35% | −2.95% | −4.85% | −10.34% | −10.44% | −8.76% | −7.74% |
| Filing | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL | XBRL |
Corporate actions
CLast 6 months| Kind | Value | Ex-date | Record |
|---|---|---|---|
| dividend Dividend - Rs 10 Per Share | 10.00 | 7 Aug '26 | 7 Aug '26 |
Shareholding
Sas of Jun 202670.84%Promoter
Promoters70.84%
FIIs4.87%0.07
DIIs17.79%0.29
Public5.37%0.38
Government1.16%
Ownership trend
Peers
P7 companiesValuation vs quality
P/E × ROCE · bubble = market cap| Name | CMP | P/E | Mkt Cap | Div Yld | NP Qtr | Qtr Profit Var | Sales Qtr | Qtr Sales Var | ROCE |
|---|---|---|---|---|---|---|---|---|---|
| United Spirits | ₹1,467.20 | 57.58 | 1,06,717 | 1.16% | 463 | −20.54% | 2,708 | −10.36% | 26.39% |
| Radico Khaitan | ₹4,091.30 | 89.16 | 54,816 | 0.22% | 179 | +94.92% | 1,504 | +15.31% | 24.15% |
| United Breweries | ₹1,398.60 | 108.18 | 36,980 | 0.72% | 102 | −58.32% | 2,250 | −3.14% | 10.68% |
| Allied Blenders | ₹620.75 | 77.84 | 17,363 | 0.87% | 45 | −12.98% | 979 | +6.08% | 18.38% |
| Tilaknagar Inds. | ₹441.80 | 43.24 | 10,933 | 0.23% | −15 | −38.42% | 949 | +147.52% | 11.78% |
| India Glycols | ₹1,157.80 | 26.45 | 7,760 | 0.65% | 87 | +35.71% | 976 | +13.11% | 12.43% |
| Piccadily Agro | ₹737.20 | 52.85 | 7,267 | 0.00% | 45 | +12.14% | 335 | +31.44% | 18.01% |
| Median: 22 Co. | ₹381.02 | 44.98 | 1,390 | 0.23% | 14 | +7.09% | 240 | +12.71% | 12.43% |
Filings
DAnnual reports15
Financial Year 2026bseFinancial Year 2025bseFinancial Year 2024bseFinancial Year 2023bseFinancial Year 2022bseFinancial Year 2021bseFinancial Year 2020bseFinancial Year 2019bseFinancial Year 2018bseFinancial Year 2017bseFinancial Year 2016bseFinancial Year 2015bseFinancial Year 2014bseFinancial Year 2013nseFinancial Year 2013bse
Concall transcripts46
PPTMay 2026PPTFeb 2026TranscriptOct 2025PPTOct 2025RECOct 2025PPTJul 2025RECJul 2025TranscriptMay 2025PPTMay 2025RECMay 2025TranscriptFeb 2025PPTFeb 2025TranscriptOct 2024PPTOct 2024RECSep 2024TranscriptJul 2024PPTJul 2024TranscriptMay 2024PPTMay 2024RECMay 2024TranscriptFeb 2024PPTFeb 2024TranscriptOct 2023PPTOct 2023
Credit ratings6
Announcements5
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 2d - Announcement under Regulation 30 of SEBI Listing Regulations, 2015- Revised Disclosure on Invite for Q1FY2026-27 Financial Results Earnings CallGeneral Update - Communication To Members Of The Company On Intimation Of Tax Deduction On Dividend For The Financial Year 2025-26 21 Jul - UBL recommends ₹10 dividend; record date August 7, 2026, AGM August 12, 2026.Announcement under Regulation 30 (LODR)-Newspaper Publication 21 Jul - 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 …Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 21 Jul - Announcement under Regulation 30 of the SEBI Listing Regulations - Schedule of Investor MeetBusiness Responsibility and Sustainability Reporting (BRSR) 20 Jul - UBL filed FY2025-26 BRSR with ESG disclosures and limited assurance.





