United Breweries

    UBL
    FMCG
    ₹1256.10
    price as of 11/9/2026, 5:45:25 pm

    Market cap ₹33,212 Cr

    P/E
    84.02
    Day range
    ₹1,240.20 – ₹1,263.50
    52-week range
    ₹1,240.20 – ₹1,847.90
    Volume
    4.08 L
    Open
    ₹1,254.50
    Prev close
    ₹1,256.70
    Promoters pledged 13.2% of their shares
    52-week range, adjusted for splits and bonuses
    ₹1,245₹1,847.9
    9 Sept 202616 Sept 2025
    Index membership
    NIFTY 500NIFTY MIDCAP 150NIFTY FMCG

    Price history

    6M change -24.02%RSI (14) 26.5 OversoldSMA 20 · 50 overlaid

    Price & delivery on the exchange

    NSE bhavcopy to 11 Sept 2026 · delivery 93.2% today vs 52.7% average · BSE close ₹1,255.85

    1 Apr23 Apr15 May5 Jun24 Jun15 Jul3 Aug21 Aug11 Sept₹1,200₹1,350₹1,500₹1,650₹1,8000%25%50%75%100%
    • Delivery
    • NSE close
    • BSE close

    High delivery with a rising price suggests buyers holding rather than trading the move.

    Key metrics

    P/E (TTM)
    84.0
    EPS (TTM)
    ₹14.96
    ROE (FY26)
    9.3%
    ROCE (latest year)
    11%
    Dividend yield
    0.80%

    Charts & trends

    From company filings. Amounts in ₹ crore.

    Revenue 3Y CAGR
    +7.2%
    Profit 3Y CAGR
    +10.6%
    Revenue YoY (Jun 2026)
    +7.1%
    Profit YoY (Jun 2026)
    -9.8%
    Operating margin
    9.0%
    Net margin
    5.4%

    Revenue, profit & margin - quarterly

    Bars in ₹ crore (a loss shows red); line is operating margin

    Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Jun 20260 Cr800 Cr1.6K Cr2.4K Cr3.2K Cr0%3%6%9%12%
    • Revenue
    • Net profit
    • Operating margin

    Who owns the company

    Shareholding as of Jun 2026

    • Promoter
    • DII
    • Public
    • FII
    • Government

    Cash flows

    Where cash came from and went, by fiscal year (₹ crore)

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-450 Cr0 Cr450 Cr900 Cr1.4K Cr
    • Operating
    • Investing
    • Financing
    • Free cash flow

    Return on equity

    Net profit over shareholders' equity, by fiscal year

    FY17FY18FY19FY20FY21FY22FY23FY24FY25FY260%5%10%15%20%15%

    Equity vs debt

    Shareholders' equity against borrowings (₹ crore); line is debt-to-equity

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260 Cr1.5K Cr3.0K Cr4.5K Cr6.0K Cr0.0x0.1x0.1x0.2x0.3x
    • Equity
    • Debt
    • Debt / equity

    Financial statements

    ₹ Crore
    Quarterly results, oldest period first, figures in rupees crore
    Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
    Sales1,8901,8242,1332,4752,1172,0002,3232,8642,0532,0732,2503,067
    Expenses1,7061,6781,9912,1901,8901,8592,1362,5531,9231,8472,1112,784
    Operating Profit184146143285227141187311130226139283
    OPM %10%8%7%12%11%7%8%11%6%11%6%9%
    Other Income122526710-1681115-88251
    Interest12222361115172923
    Depreciation515258585761576364697686
    Profit before tax1441171102331786113224866132116224
    Tax %26%27%26%26%26%37%26%26%30%39%12%26%
    Net Profit107868217413239981844681102166
    EPS in Rs₹4.06₹3.23₹3.07₹6.56₹5.00₹1.45₹3.69₹6.95₹1.76₹3.06₹3.85₹6.29

    From company filings, updated 11 Sept 2026. Consolidated figures where the company reports them.Information only, not investment advice.

    Strengths, risks & growth

    United Breweries Limited (UBL) is engaged in the business of manufacture and sale of beer and non-alcoholic beverages. [1]

    Strengths

    • Company has been maintaining a healthy dividend payout of 62.8%
    • Company's working capital requirements have reduced from 45.6 days to 24.6 days

    Risks

    • Stock is trading at 7.34 times its book value
    • Company has a low return on equity of 9.47% over last 3 years.
    • Company might be capitalizing the interest cost

    Compounded Sales Growth

    10 Years
    +7%
    5 Years
    +17%
    3 Years
    +7%
    TTM
    +1%

    Compounded Profit Growth

    10 Years
    +2%
    5 Years
    +24%
    3 Years
    +2%
    TTM
    -26%

    Stock Price CAGR

    10 Years
    +4%
    5 Years
    -5%
    3 Years
    -8%
    1 Year
    -30%

    Return on Equity

    10 Years
    +10%
    5 Years
    +9%
    3 Years
    +9%
    Last Year
    +8%

    Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.

    Shareholding pattern

    Percentage of shares held by each category at each quarter end
    HolderSept 2025Dec 2025Mar 2026Jun 2026Change
    Promoter70.84%70.84%70.84%70.84%0.00 pp
    FII6.26%5.50%4.94%4.87%-0.07 pp
    DII16.68%17.45%18.08%17.79%-0.29 pp
    Government1.16%1.16%1.16%1.16%0.00 pp
    Public5.07%5.07%4.99%5.37%+0.38 pp

    Filed with NSE for Jun 2026: promoters 70.83%, public 29.17% · XBRL filing

    Analysts & fund holdings

    43%
    43% recommend buy
    14 analysts cover the stock
    Valuation vs Beverages
    P/E84.0 vs 35.9
    Sector P/B7.51
    Beta0.73

    Who holds the shares, quarter by quarter

    Mutual funds 17.01% (+0.07 pp)
    Mar 25
    Jun 25
    Sept 25
    Dec 25
    Mar 26
    Jun 26
    • Promoters70.8%
    • Foreign institutions4.9%
    • Mutual funds17.0%
    • Insurance0.5%
    • Other domestic institutions0.3%
    • Retail2.9%
    • Others3.7%
    Mutual funds holding the most
    Fund% of company% of fund3-month change
    SBI Large & Midcap Fund2.10%1.77%+0.18 pp
    SBI Aggressive Hybrid Fund1.83%0.74%+0.22 pp
    ICICI Pru Multi Asset Allocation Fund1.59%0.64%-0.04 pp
    SBI Multicap Fund1.05%1.55%-0.09 pp
    ICICI Pru Large & Mid Cap Fund1.00%1.07%-0.97 pp

    Scorecard

    Performance
    Low
    Valuation
    High
    Growth
    Low
    Profitability
    High
    Entry point
    Good
    Red flags
    Low

    Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.

    Corporate actions

    • dividend
      ₹10.00

      Dividend - Rs 10 Per Share

      7 Aug 2026
      ex-date
    • dividend
      ₹10.00

      Dividend - Rs 10 Per Share

      31 Jul 2025
      ex-date
    • dividend
      ₹10.00

      Dividend - Rs 10 Per Share

      25 Jul 2024
      ex-date
    • dividend
      ₹7.50

      Annual General Meeting/Dividend - Rs 7.50 Per Sh

      3 Aug 2023
      ex-date
    • dividend
      ₹10.50

      Annual General Meeting/Dividend - Rs 10.50 Per Sh

      2 Aug 2022
      ex-date
    • dividend
      ₹0.50

      Annual General Meeting/Dividend - Rs 0.50 Per Share

      1 Jul 2021
      ex-date
    • dividend
      ₹2.50

      Annual General Meeting/Dividend - Rs 2.50 Per Share

      18 Aug 2020
      ex-date
    • dividend
      ₹2.50

      Annual General Meeting/Dividend - Rs 2.50 Per Share

      13 Aug 2019
      ex-date
    • dividend
      ₹2.00

      Annual General Meeting/Dividend- Rs 2/- Per Share

      7 Sept 2018
      ex-date
    • dividend
      ₹1.15

      Annual General Meeting/Dividend - Rs 1.15 Per Share

      14 Sept 2017
      ex-date
    • dividend
      ₹1.15

      Annual General Meeting/Dividend Rs 1.15 Per Share

      30 Aug 2016
      ex-date
    • dividend
      Not available — not reported in this filing

      Annual General Meeting/ Dividend - Re 1/- Per Share

      14 Sept 2015
      ex-date
    • dividend
      Not available — not reported in this filing

      Annual General Meeting / Dividend - Re 0.90/- Per Share

      1 Sept 2014
      ex-date
    • dividend
      Not available — not reported in this filing

      Annual General Meeting And Dividend Re.0.70 Per Share

      6 Sept 2013
      ex-date
    • dividend
      Not available — not reported in this filing

      Annual General Meeting/Dividend Re 0.70 Per Share

      21 Sept 2012
      ex-date
    • dividend
      Not available — not reported in this filing

      Annual General Meeting / Dividend Re 0.60 Per Share

      16 Dec 2011
      ex-date
    • dividend
      Not available — not reported in this filing

      Annual General Meeting And Dividend Re.0.36 Per Share

      17 Aug 2010
      ex-date
    • other
      Not available — not reported in this filing

      Agm/Div-Rs.0.15 Per Share

      7 Sept 2009
      ex-date
    • dividend
      Not available — not reported in this filing

      Interim Dividend - 15%

      1 Oct 2008
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      5 Sept 2008
      ex-date

    Company announcements

    Company Update
    Announcement Under Regulation 30 Of SEBI (LODR) - Update

    Announcement under Regulation 30 Listing Regulations - Outcome of the Tax Litigation

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Investor Presentation Capital Market Day 2026 -Investor/Analyst Meeting

    Company Update
    Announcement under Regulation 30 (LODR)-Press Release / Media Release

    Announcement under Regulation 30 of the Listing Regulations - Commissioning New Canning Line at Ellora Brewery, Maharashtra

    Company Update
    Announcement under Regulation 30 (LODR)-Press Release / Media Release

    Announcement under Regulation 30 (LODR)-Press Release - Intimation of Product Launch

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations')- Schedule of Investor/ Analyst meeting

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Scrutinizer's Report

    Annual General Meeting held on August 12, 2026 - Voting Results and Scrutinizer's Report

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Outcome of AGM

    Proceedings of 27th Annual General Meeting of United Breweries Limited

    Company Update
    Announcement under Regulation 30 (LODR)-Earnings Call Transcript
    Company Update
    Announcement under Regulation 30 (LODR)-Newspaper Publication

    Newspaper Publication of Financial Results for the quarter ended June 30, 2026 - United Breweries Limited

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    Audio Recording of Earnings Call for the quarter ended June 30, 2026

    Company Update
    Announcement under Regulation 30 (LODR)-Investor Presentation

    Announcement under Regulation 30 of the SEBI Listing Regulations - Investor Presentations

    Result
    Results-Unaudited Financial Results For The Quarter Ended June 30, 2026

    Financial Results for the quarter ended June 30, 2026

    Board Meeting
    Board Meeting Outcome for Outcome Of The Meeting Of The Board Of Directors Of United Breweries Limited

    Outcome of the Meeting of the Board of Directors of United Breweries Limited ('the Company') held today, i.e., August 04, 2026

    Filed with BSE (scrip 532478); the last 45 days. Documents open at bseindia.com.

    SEBI filings & orders

    From SEBI's website. An order may concern the company, its officers or trading in its shares, and may be under appeal - read the order itself. Personal identifiers are withheld.

    Buybacks, open offers & rights issues

    • Rights issue

      United Breweries Limited

      22 Apr 2008
      Read on SEBI
    • Rights issue - Corrigendum

      United Breweries Limited - Corrigendum

      8 Feb 2008
      Read on SEBI
    • Rights issue

      United Breweries Limited

      14 Jan 2008
      Read on SEBI
    • Open offer

      United Breweries Limited

      2 Feb 2005
      Read on SEBI
    • Rights issue

      United Breweries Limited

      10 Sept 2004
      Read on SEBI

    Regulatory orders

    • Order

      Exemption Order under Regulation 11 of SEBI (SAST) Regulations, 2011 in the matter of United Breweries Ltd

      22 Jun 2021
      Read on SEBI
    • Adjudication order

      Adjudication Order in respect of United Spirits Ltd., United Breweries Ltd. and United Breweries (Holdings) Ltd. in the matter of Mangalore Chemicals and Fertilizers Ltd

      15 May 2018
      Read on SEBI

    Documents

    Annual reports

    Earnings calls

    Credit ratings

    Documents open at BSE or the rating agency that issued them.

    Sourced from the company's NSE XBRL filing dated 14 Feb 2025 (unaudited). View the source filing. Figures are as filed and are not investment advice.