United Breweries Limited (UBL) announced its financial results for the quarter ended September 30, 2026, showcasing robust performance. Net sales increased by 24%, driven by premiumisation initiatives and productivity gains. Profit After Tax (PAT) saw a substantial jump of 190%, reflecting improved operational leverage and cost management. The company highlighted strong volume growth and category momentum as key contributors to these positive results.
United Breweries Reports Strong Q2 FY27 Performance
United Breweries Limited (UBL), a part of the HEINEKEN Company, has declared its financial results for the second quarter and the half-year ended September 30, 2026. The company reported a significant increase in its key financial metrics, driven by strategic initiatives focused on premiumisation and productivity.
Key Financial Highlights (Standalone):
- Net Sales: Increased by 24% to ₹4,66,281 Lakhs for the quarter ended September 30, 2026, compared to the corresponding period last year.
- EBITDA Margin: Improved by 480 basis points to 11.9%.
- EBIT Margin: Improved by 441 basis points to 8.4%.
- Profit Before Tax: Showed significant growth, indicating strong operational efficiency.
- Profit for the Period/Year: The standalone profit for the quarter stood at ₹13,593 Lakhs.
Key Financial Highlights (Consolidated):
- Net Sales: Increased by 24% to ₹4,66,433 Lakhs for the quarter ended September 30, 2026.
- Profit Before Tax: The consolidated profit before tax was ₹18,267 Lakhs.
- Profit for the Period/Year: The consolidated profit for the quarter stood at ₹13,481 Lakhs.
Drivers of Growth
The strong performance is attributed to a combination of factors including:
- Volume Growth: Overall volume increased by 16%, with premium volumes growing by 38%. Brands like Heineken® Silver and Kingfisher Ultra saw significant acceleration.
- Premiumisation: A key strategic focus, leading to increased sales from premium products.
- Operational Efficiency: Disciplined cost management and structural margin recovery initiatives contributed to improved profitability.
- Category Momentum: The beer category experienced double-digit growth, benefiting UBL’s market position.
Management Commentary
Vivek Gupta, MD & CEO, UBL, commented, “We delivered an outstanding Q2 FY27, with volume growth accelerating to 16%, Net Sales growth of 24% and EBIT growth of 161%, reflecting the strength of our portfolio… Premiumisation continues to be a powerful driver of value creation for UBL.” Jorn Kersten, CFO, UBL, added, “Our second quarter performance demonstrates the effectiveness of the actions we have taken to improve the quality of growth and strengthen business fundamentals.”
Outlook
UBL anticipates continued attractive long-term growth opportunities in the Indian beer market, driven by favourable demographics and an increasing consumer preference for beer. The company remains focused on category development, portfolio strengthening through innovation, and enhancing productivity and cost efficiency across its value chain.
Source: BSE
