United Breweries quarterly results

Q2 FY27 · Jul–Sep 2026

₹ crore	Q2 FY27	Q2 FY26	Change
Revenue	4,623	3,737	+23.7%
EBITDA	259	130	+99.7%
EBITDA margin	5.6%	3.5%	+2.1 pts
Profit before tax	183	65.8	+177.6%
Net profit	135	46.3	+190.9%
EPS	₹5.12	₹1.76	+190.9%

Every quarter

₹ crore except per share

Tap a line for its trend	Q2 FY27Sep 2026	Q1 FY27Jun 2026	Q4 FY26Mar 2026	Q3 FY26Dec 2025	Q2 FY26Sep 2025	Q1 FY26Jun 2025	Q4 FY25Mar 2025	Q3 FY25Dec 2024	Q2 FY25Sep 2024	Q1 FY25Jun 2024	Q4 FY24Mar 2024	Q3 FY24Dec 2023	Earlier quartersAlpha Plus

Expenses
	4,623	5,919	4,408	3,937	3,737	5,381	4,427	4,427	4,744	5,811	4,789	4,155	Earlier quartersEvery year the company has filed comes with Alpha Plus.
	41.3	50.7	8.2	11.1	14.9	11.1	8.0	10.1	10.4	7.4	26.5	24.8
	4,664	5,970	4,417	3,948	3,752	5,392	4,435	4,437	4,754	5,819	4,815	4,180
	1,384	1,640	1,113	1,262	1,080	1,543	1,258	1,132	1,189	1,357	1,218	1,008
	54.6	42.8	56.7	83.2	84.6	80.3	58.1	33.2	53.9	36.6	25.6	33.2
	−38.9	123	56.4	−216	7.2	19.5	25.3	−30.8	−57.4	12.9	−4.2	−22.2
	207	216	195	181	186	199	191	168	175	132	126	110
	28.3	23.0	29.0	16.9	14.7	11.2	5.9	3.2	2.2	1.6	1.8	2.1
	89.3	85.8	76.0	69.0	64.1	62.9	56.8	61.3	57.2	57.7	57.8	51.8
	2,758	3,614	2,848	2,401	2,250	3,228	2,707	2,982	3,156	3,988	3,281	2,881
	4,482	5,746	4,374	3,797	3,686	5,144	4,303	4,350	4,576	5,585	4,705	4,063
	259	283	139	226	130	311	187	141	227	285	143	146
	170	197	63.2	157	65.6	248	130	80.1	170	228	85.1	94.2
Profit
	183	224	42.3	151	65.8	248	132	87.1	178	233	110	117
	0.0	0.0	74.0	−18.7	0.0	0.0	0.0	−25.8	0.0	0.0	0.0	0.0
	183	224	116	132	65.8	248	132	61.3	178	233	110	117
	52.0	66.1	20.2	53.6	21.4	68.5	36.9	28.5	43.1	68.8	32.6	34.4
	−4.2	−7.9	−5.8	−2.5	−1.9	−4.6	−2.6	−5.7	2.9	−9.1	−4.4	−3.3
	47.9	58.2	14.5	51.1	19.5	63.9	34.3	22.8	46.0	59.6	28.2	31.1
	135	166	102	81.2	46.3	184	97.8	38.5	132	174	81.6	85.8
	135	166	102	81.2	46.3	184	97.8	38.5	132	174	81.6	85.8
	1.8	−0.2	−4.5	0.5	1.6	11.8	−0.8	−2.7	2.6	3.3	−1.4	−0.8
	137	166	97.4	81.7	48.0	196	97.0	35.8	135	177	80.2	85.1
	135	166	102	81.0	46.5	184	97.6	38.4	—	174	81.2	85.3
	−0.5	−0.1	0.1	0.2	−0.2	0.2	0.2	0.1	—	0.3	0.4	0.5
Per share
	₹5.12	₹6.29	₹3.85	₹3.06	₹1.76	₹6.95	₹3.69	₹1.45	₹5.00	₹6.56	₹3.07	₹3.23
	₹5.12	₹6.29	₹3.85	₹3.06	₹1.76	₹6.95	₹3.69	₹1.45	₹5.00	₹6.56	₹3.07	₹3.23
Other comprehensive income — detail
	1.8	−0.2	−4.5	0.5	1.6	11.8	−0.8	—	—	—	—	—
	2.3	−0.3	−4.5	0.7	2.2	15.7	−1.1	−3.6	3.5	4.3	−1.9	−1.0
	0.6	−0.1	0.0	0.2	0.5	4.0	−0.3	—	—	—	—	—
	—	—	—	—	—	—	—	−0.9	0.9	1.1	−0.5	−0.3
	137	166	97.3	81.5	48.1	196	96.8	35.7	135	177	79.8	84.6
	−0.5	−0.1	0.1	0.2	−0.2	0.2	0.2	0.1	0.2	0.3	0.4	0.5
Per share — as-filed variants
	₹5.12	₹6.29	₹3.85	₹3.06	₹1.76	₹6.95	₹3.69	₹1.45	₹5.00	₹6.56	₹3.07	₹3.23
	₹5.12	₹6.29	₹3.85	₹3.06	₹1.76	₹6.95	₹3.69	₹1.45	₹5.00	₹6.56	₹3.07	₹3.23
Derived — gross profit (revenue − materials − purchases − Δ inventories)
	3,223	4,113	3,183	2,808	2,566	3,738	3,085	3,292	3,558	4,404	3,549	3,136
	69.7%	69.5%	72.2%	71.3%	68.7%	69.5%	69.7%	74.4%	75.0%	75.8%	74.1%	75.5%
Adjusted (ex-exceptional items) — derived
	183	224	42.3	151	65.8	248	132	87.1	178	233	110	117
	0.0	0.0	74.0	−18.7	0.0	0.0	0.0	−25.8	0.0	0.0	0.0	0.0
	135	166	37.0	92.6	46.3	184	97.8	54.7	132	174	81.6	85.8
	₹5.12	₹6.29	₹1.40	₹3.49	₹1.76	₹6.95	₹3.69	₹2.06	₹5.00	₹6.56	₹3.07	₹3.23

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

UBL₹1,191.70

United Breweries Ltd.

· FMCG & Retail

Annual Quarterly₹ CrorePeersUNITDSPR AWL GODFRYPHLP RADICO PATANJALI DABUR COLPAL MARICOMcap ₹31,509 Cr

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In ₹ Crore except Per Share 3 Months Ending	Q3 FY24 31/12/2023	Q4 FY24 31/03/2024	Q1 FY25 30/06/2024	Q2 FY25 30/09/2024	Q3 FY25 31/12/2024	Q4 FY25 31/03/2025	Q1 FY26 30/06/2025	Q2 FY26 30/09/2025	Q3 FY26 31/12/2025	Q4 FY26 31/03/2026	Q1 FY27 30/06/2026	Q2 FY27 30/09/2026
Revenue from Operations	4,155.0	4,788.7	5,811.3	4,743.6	4,426.6	4,427.2	5,380.8	3,737.3	3,937.0	4,408.4	5,919.4	4,623.0
Other Income	24.8	26.5	7.4	10.4	10.1	8.0	11.1	14.9	11.1	8.2	50.7	41.3
Total Income	4,179.8	4,815.1	5,818.6	4,754.0	4,436.7	4,435.2	5,391.9	3,752.2	3,948.1	4,416.6	5,970.2	4,664.3
Expenses
+ Cost of Materials Consumed	1,007.7	1,217.9	1,357.4	1,188.8	1,132.2	1,258.4	1,543.0	1,079.8	1,261.8	1,112.7	1,640.4	1,383.9
+ Purchases of Stock-in-Trade	33.2	25.6	36.6	53.9	33.2	58.1	80.3	84.6	83.2	56.7	42.8	54.6
+ Changes in Inventories	-22.2	-4.2	12.9	-57.4	-30.8	25.3	19.5	7.2	-215.6	56.4	123.5	-38.9
+ Employee Benefit Expense	109.6	125.6	131.5	175.2	168.2	191.4	199.4	186.4	180.9	195.5	216.4	206.7
+ Finance Costs	2.1	1.8	1.6	2.2	3.2	5.9	11.2	14.7	16.9	29.0	23.0	28.3
+ Depreciation & Amortisation	51.8	57.8	57.7	57.2	61.3	56.8	62.9	64.1	69.0	76.0	85.8	89.3
+ Other Expenses	2,880.7	3,281.0	3,987.5	3,155.9	2,982.2	2,707.3	3,227.6	2,249.8	2,400.9	2,848.0	3,613.8	2,757.8
Total Expenses	4,062.9	4,705.4	5,585.2	4,575.7	4,349.6	4,303.1	5,144.0	3,686.4	3,797.1	4,374.3	5,745.7	4,481.7
EBITDA	146.0	142.8	285.4	227.2	141.5	186.7	310.9	129.7	225.8	139.2	282.6	258.9
EBIT	94.2	85.1	227.7	170.1	80.1	129.9	248.0	65.6	156.8	63.2	196.8	169.7
Profit
PBT before Exceptional Items	116.9	109.8	233.4	178.3	87.1	132.1	247.9	65.8	151.0	42.3	224.5	182.7
+ Exceptional Items	0.0	0.0	0.0	0.0	-25.8	0.0	0.0	0.0	-18.7	74.0	0.0	0.0
Pretax Income	116.9	109.8	233.4	178.3	61.3	132.1	247.9	65.8	132.3	116.3	224.5	182.7
+ Current Tax	34.4	32.6	68.8	43.1	28.5	36.9	68.5	21.4	53.6	20.2	66.1	52.0
+ Deferred Tax	-3.3	-4.4	-9.1	2.9	-5.7	-2.6	-4.6	-1.9	-2.5	-5.8	-7.9	-4.2
Tax Expense	31.1	28.2	59.6	46.0	22.8	34.3	63.9	19.5	51.1	14.5	58.2	47.9
Net Income	85.8	81.6	173.8	132.3	38.5	97.8	184.0	46.3	81.2	101.9	166.3	134.8
+ Net Income — Continuing Ops	85.8	81.6	173.8	132.3	38.5	97.8	184.0	46.3	81.2	101.9	166.3	134.8
+ Other Comprehensive Income	-0.8	-1.4	3.3	2.6	-2.7	-0.8	11.8	1.6	0.5	-4.5	-0.2	1.8
Total Comprehensive Income	85.1	80.2	177.1	135.0	35.8	97.0	195.8	48.0	81.7	97.4	166.1	136.6
Net Income to Common	85.3	81.2	173.6	—	38.4	97.6	183.9	46.5	81.0	101.8	166.3	135.3
Minority Interest	0.5	0.4	0.3	—	0.1	0.2	0.2	-0.2	0.2	0.1	-0.1	-0.5
Per Share
Basic EPS	3.23	3.07	6.56	5.00	1.45	3.69	6.95	1.76	3.06	3.85	6.29	5.12
Diluted EPS	3.23	3.07	6.56	5.00	1.45	3.69	6.95	1.76	3.06	3.85	6.29	5.12
Other Comprehensive Income — detail
+ Other Comprehensive Income	—	—	—	—	—	-0.8	11.8	1.6	0.5	-4.5	-0.2	1.8
+ Items NOT to be Reclassified to P&L	-1.0	-1.9	4.3	3.5	-3.6	-1.1	15.7	2.2	0.7	-4.5	-0.3	2.3
+ Tax on Items NOT to be Reclassified	—	—	—	—	—	-0.3	4.0	0.5	0.2	0.0	-0.1	0.6
+ Tax on Items NOT to be Reclassified — alt tag	-0.3	-0.5	1.1	0.9	-0.9	—	—	—	—	—	—	—
Comprehensive Income — Owners of Parent	84.6	79.8	176.8	134.8	35.7	96.8	195.6	48.1	81.5	97.3	166.1	137.1
Comprehensive Income — Non-controlling Interests	0.5	0.4	0.3	0.2	0.1	0.2	0.2	-0.2	0.2	0.1	-0.1	-0.5
Per Share — as-filed variants
Basic EPS — Continuing Operations	3.23	3.07	6.56	5.00	1.45	3.69	6.95	1.76	3.06	3.85	6.29	5.12
Diluted EPS — Continuing Operations	3.23	3.07	6.56	5.00	1.45	3.69	6.95	1.76	3.06	3.85	6.29	5.12
Derived — Gross Profit (Revenue − Materials − Purchases − Δ Inventories)
Gross Profit	3,136.4	3,549.4	4,404.4	3,558.3	3,291.9	3,085.4	3,737.9	2,565.8	2,807.5	3,182.7	4,112.8	3,223.4
Gross Margin %	75.48	74.12	75.79	75.01	74.37	69.69	69.47	68.65	71.31	72.20	69.48	69.73
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	116.9	109.8	233.4	178.3	87.1	132.1	247.9	65.8	151.0	42.3	224.5	182.7
− Exceptional Items (reconciliation)	0.0	0.0	0.0	0.0	-25.8	0.0	0.0	0.0	-18.7	74.0	0.0	0.0
Net Income Adj (tax-effected)	85.8	81.6	173.8	132.3	54.7	97.8	184.0	46.3	92.6	37.0	166.3	134.8
EPS Adj	3.23	3.07	6.56	5.00	2.06	3.69	6.95	1.76	3.49	1.40	6.29	5.12
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	1.00	1.00	1.00	1.00	1.00	—	1.00	1.00	1.00	1.00	1.00	1.00
Filed Debt Equity	0.00	0.00	0.00	0.00	—	—	8.00	—	—	0.00	—	—
Filed Dscr	0.00	0.00	0.00	—	—	—	10.50	—	—	0.00	—	—
Filed Iscr	0.00	0.00	0.00	—	—	—	35.45	—	—	0.00	—	—
Paid Up Equity Capital	26.4	26.4	26.4	—	26.4	26.4	26.4	26.4	26.4	26.4	26.4	26.4

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: Q2 FY27 · ConsolidatedFA Financial Analysis · alphave

Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

United Breweries Q2 FY27 results (July–September 2026)

Filed with NSE on Tuesday, 27 October 2026 at 9:14 pm IST

United Breweries (NSE: UBL) reported its Q2 FY27 results (July–September 2026) on Tuesday, 27 October 2026 at 9:14 pm IST. Consolidated net profit attributable to shareholders was ₹135 crore, up 190.9% from ₹46.5 crore in Q2 FY26 and down 18.6% from ₹166 crore in Q1 FY27. Revenue from operations was ₹4,623 crore, up 23.7% year on year and down 21.9% from the previous quarter.

Q2 FY26 results (a year earlier): 29 October 2025
Q3 FY27 results due by: 14 February 2027

Q2 FY27 at a glance · consolidated

Net profit (shareholders'): ₹135 Cr+190.9% vs Q2 FY26−18.6% vs Q1 FY27Total incl. minority interest ₹135 Cr
Revenue from operations: ₹4,623 Cr+23.7% vs Q2 FY26−21.9% vs Q1 FY27
Operating margin (EBIT): 3.7%+1.9 pts vs Q2 FY26+0.3 pts vs Q1 FY27EBIT ₹170 Cr
EBITDA: ₹259 Cr+99.7% vs Q2 FY26−8.4% vs Q1 FY27margin 5.6%
Earnings per share (basic): ₹5.12+190.9% vs Q2 FY26−18.6% vs Q1 FY27
Net profit margin: 2.9%+1.7 pts vs Q2 FY26+0.1 pts vs Q1 FY27

Questions

What was United Breweries' net profit in Q2 FY27?

Consolidated net profit attributable to shareholders was ₹135 crore, up 190.9% from ₹46.5 crore in Q2 FY26 and down 18.6% from ₹166 crore in Q1 FY27. Including the minority shareholders' share, total profit was ₹135 crore.

How were United Breweries' Q2 FY27 results?

Both grew from a year earlier: net profit was up 190.9% at ₹135 crore and revenue was up 23.7% at ₹4,623 crore. The operating margin was 3.7%, up 1.9 percentage points from 1.8% a year earlier. Against Q1 FY27, net profit was down 18.6% and revenue down 21.9%.

What was United Breweries' net profit in the first half of FY27?

Consolidated net profit attributable to shareholders for the first half of FY27 (April–September 2026) was ₹302 crore, up 30.9% from ₹230 crore in the same months a year earlier. Revenue from operations was ₹10,542 crore, up 15.6%.

What was United Breweries' revenue in Q2 FY27?

Revenue from operations was ₹4,623 crore, up 23.7% year on year and down 21.9% from the previous quarter.

What was United Breweries' EPS in Q2 FY27?

Basic earnings per share were ₹5.12, against ₹1.76 in Q2 FY26.

What was United Breweries' revenue in FY26?

Revenue from operations was ₹17,463 crore in FY26 (April 2025–March 2026), down 10.0% from ₹19,409 crore in FY25. It was ₹18,380 crore in FY24 and ₹16,651 crore in FY23: up 4.9% over three years, 1.6% a year on average.

What was United Breweries' operating margin in Q2 FY27?

Operating profit (EBIT — revenue less operating expenses, before finance costs and other income) was ₹170 crore, a margin of 3.7%, against 3.3% in Q1 FY27 and 1.8% in Q2 FY26. EBITDA was ₹259 crore, 5.6% of revenue.

What is United Breweries' net profit margin?

United Breweries' net profit margin was 2.9% in Q2 FY27 (net profit attributable to shareholders as a share of revenue from operations), against 1.2% in Q2 FY26 (up 1.7 percentage points). For FY26 as a whole it was 2.4%.

What was United Breweries' net profit in FY26?

Consolidated net profit attributable to shareholders was ₹413 crore in FY26 (April 2025–March 2026), down 6.5% from ₹442 crore in FY25. It was ₹410 crore in FY24 and ₹304 crore in FY23: up 35.9% over three years, 10.8% a year on average.

How has United Breweries' profit changed over the last four quarters?

Net profit attributable to shareholders by quarter: ₹81 crore in Q3 FY26, ₹102 crore in Q4 FY26, ₹166 crore in Q1 FY27 and ₹135 crore in Q2 FY27. That is ₹484 crore over the four quarters, up 32.2% from ₹366 crore in the four quarters before. Revenue from operations: ₹3,937 crore, ₹4,408 crore, ₹5,919 crore and ₹4,623 crore.

When did United Breweries announce its Q2 FY27 results?

On Tuesday, 27 October 2026 at 9:14 pm IST, in its results filing to the stock exchanges. A year earlier it reported Q2 FY26 on 29 October 2025.

When will United Breweries announce its Q3 FY27 results?

Q3 FY27 covers October–December 2026. Listed companies must publish quarterly results within 45 days of the quarter's end (SEBI listing rules, Regulation 33), so the results are due by 14 February 2027. The company tells the exchanges the date of the board meeting at least two working days before it.

Where do these United Breweries figures come from?

From United Breweries' own consolidated results filings to NSE, in ₹ crore as filed (Q2 FY27 on 27 October 2026). Growth compares the same consolidated figures a year and a quarter earlier.

Consolidated figures from the company's filings to NSE. Every company's results dates this season are in the Q2 FY27 results calendar, part of Alpha Plus.