United Breweries Q2 FY26 Earnings Results

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

 

Q2 FY26 Earnings Results:

• Revenue from Operations: ₹2,052.83 crore, down 3.02% YoY from ₹2,117 crore in Q2 FY25.

• Profit After Tax (PAT): ₹46.52 crore, down 64.8% YoY from ₹132.17 crore.

• Profit Before Tax (PBT): ₹65.8 crore, down 63.09% YoY from ₹178.28 crore.

• EBITDA: ₹130 crore, down 43% YoY from ₹227 crore.

• EBITDA Margin: 6.3%, down from 10.7% YoY.

• Total volumes declined 3.4% YoY, affected by stronger-than-usual monsoon and subdued beer market; however, premium segment volume grew 17%.

• Gross profit rose 5% on a year-to-date basis.

• EBIT declined 18% due to negative operating leverage and continued brand investments.

• Market share gains on sell-out basis amid adverse market conditions.

 

Management Commentary & Strategic Decisions:

• Management cited strong premium segment growth driven by Kingfisher Ultra, Kingfisher Ultra Max, and Heineken Silver.

• Overall volume declined due to adverse weather in Rajasthan, Karnataka, Telangana, West Bengal offset partially by growth in Maharashtra, Andhra Pradesh, and Assam.

• Focus on revenue management and cost initiatives despite short-term margin pressure.

• Remain optimistic about long-term beer category growth driven by premiumization, disposable income, and favorable demographics.

• Continued investments planned in brand building and capacity expansions.

 

 

Q1 FY26 Earnings Results:

• Revenue from Operations: ₹2,862.42 crore, up 15.7% YoY.

• Profit After Tax (PAT): ₹183.87 crore, up 5.95% YoY.

• EBITDA: ₹311 crore, up 9% YoY.

• EBITDA Margin: Approx 10.8%.

• Strong volume performance and premium segment sales.

• Profit growth despite a dip in overall revenue due to market dynamics.

 

To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.