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United Breweries shares soar 15% as Q2 profit triples - Check Q2 results 2026 highlights for Heineken, Kingfisher maker

United Breweries moved higher in a quarterly results development.

· LiveMint Markets

United Breweries shares surged 15% after its September-quarter net profit nearly tripled year on year to ₹134.81 crore. Revenue rose 24%, while EBITDA increased 108%, supported by volume growth, premiumisation and cost efficiencies.

United Breweries reported ₹134.81 crore, with movement of 15%, 24% and 108% 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 +7.3% on the day at ₹1,219.20, and has returned -20.0% over three months. It sits 34% 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.

  • Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
  • 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 (34%).
  • Trading well above normal today: United Breweries at 16.1 times its 20-day average volume.
Figures for the companies in this story
CompanyPriceDay1M3MFrom 52-wk highVolume vs 20-dayMarket cap
United BreweriesUBL · FMCG₹1,219.20+7.3%-8.6%-20.0%-33.7%16.1×—

FMCG

1M -7.2% · 3M -10.1%

United Breweries

Prices as of 28 Oct 2026, 11:59 IST. Sector moves are the average of the stocks we track in each sector.

UBLFMCG