UBLNSEUnited Breweries Limited· Brew/DistilleriesHighNeutral
Announced Tue, 5 May · 20:29 IST

United Breweries Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.

Revenue DeclineExceptional ItemEmphasis Of MatterEbitda Margin CompressionResults View source PDF

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₹1453.00
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AI summary

United Breweries Limited reported audited financial results for FY 2025-26 (year ended March 31, 2026). Revenue from operations (gross of excise duty) declined to Rs 17.46 lakh lakhs from Rs 19.40 lakh lakhs in the prior year, representing approximately a 10% year-over-year decline. Profit after tax (PAT) decreased to Rs 41,316 lakhs from Rs 44,117 lakhs in FY 2024-25, a decline of about 6.3%. Basic EPS stood at Rs 15.63 compared to Rs 16.69 in the previous year. The Board recommended a dividend of Rs 10 per equity share. The company received an unmodified (clean) audit opinion from BSR & Co. LLP. However, the auditors issued an Emphasis of Matter regarding two pending legal matters: a Rs 75,183 lakh Competition Commission of India (CCI) penalty case pending before the Supreme Court, and ongoing litigation regarding the Bihar plant lease cancellation. Exceptional items for the year included a gain of Rs 7,404 lakh on transfer of freehold land. Finance costs nearly quadrupled to Rs 7,172 lakh from Rs 1,285 lakh, while operating cash flow more than doubled to Rs 43,567 lakh.

Likely market impact

The ~10% revenue decline and ~6% PAT decline indicate challenging market conditions for the beer company. The clean audit opinion provides some comfort, but the Emphasis of Matter items highlight significant contingent liabilities and asset recoverability risks that shareholders should monitor.