United Breweries Q2 Results: Profit jumps nearly 3 times to Rs 134 crore on volume growth, premiumisation
United Breweries set out an expansion in a quarterly results development.
· ET Stocks, Economic Times Markets, BS Companies, LiveMint Markets
United Breweries Ltd experienced a nearly three-fold increase in net profit for the September quarter. The company's revenue from operations rose by 23.7 percent year-on-year, reflecting strong market performance. Premium volumes notably surged, particularly for Heineken Silver and Kingfisher Ultra, enhancing UBL's premium offerings.
The analysis
United Breweries reported Rs 134 crore, with movement of 23.7% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +0.7% on the day at ₹1,143.60, and has returned -20.0% over three months. It sits 38% below its 52-week high, which means a good deal of bad news was already in the price. The fmcg sector has moved -10.1% over the same period, so United Breweries is running 9.9 points behind its peers.
For United Breweries, the question is how much of this is already reflected in the price and how much re-rates the fmcg peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- In focus: United Breweries (UBL), in FMCG.
- Over three months: United Breweries -20.0% against FMCG -10.1% (9.9 points behind).
- At least 25% below the 52-week high: United Breweries (38%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| United BreweriesUBL · FMCG | ₹1,143.60 | +0.7% | -8.6% | -20.0% | -37.9% | 0.4× | — |
FMCG
1M -7.2% · 3M -10.1%
United Breweries
Prices as of 27 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
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