United Breweries FY26 Results: Premium Volumes Up 21%, Net Sales Rise 4%

United Breweries Limited reported a recovery in the beer segment during Q4FY26, with the category returning to double-digit growth of 10%. The company witnessed growth in both sell-in and sell-out volumes, with sell-in volumes rising 4.1% and sell-out volumes growing in the high single digits. 

Premium offerings such as Kingfisher Ultra, Kingfisher Ultra Max, and Heineken Silver continued to drive momentum, with premium volumes increasing by 16% during the quarter.

Impact of Global and Cost Pressures

Despite the growth revival, the company highlighted challenges arising from the ongoing Middle East conflict. These disruptions have led to higher raw material and packaging costs, increased transportation expenses, and reduced export volumes. As a result, the company expects a cost impact in the range of ₹400–500 crore over the next two to three quarters.

To mitigate these pressures, the company has initiated pricing interventions with state governments and is focusing on cost optimisation and productivity improvements.

Operational and Financial Performance

While overall volumes improved, net sales for Q4FY26 declined by 3% due to sourcing mix, particularly from contract breweries. Gross profit margin stood at 45.4%, reflecting an improvement of 332 basis points compared to last year. However, EBIT margins were impacted by higher fixed costs, increased bottle investments, and sourcing dynamics.

Regionally, volume growth was supported by markets such as Andhra Pradesh, Assam, and Maharashtra, partially offset by declines in Rajasthan, Telangana, and Odisha.

Full-Year Performance and Investments

For FY26, the company reported a 3% increase in total volumes, with premium volumes growing significantly by 21%. Net sales rose 4% for the year, while gross profit margin improved to 43.9%.

Capital expenditure during the year stood at ₹432 crore, focused on strengthening supply chain capabilities and supporting future growth. The company also proposed maintaining a dividend of ₹10 per share for FY26.

United Breweries Share Price Today

On May 6, 2026, United Breweries share price (NSE: UBL) opened at ₹1,428.30, touching the day’s low at ₹1,382.00, as of 11:45 AM on the NSE.

Also Read: United Breweries Announces Resignation of Chief Sales Officer Rakesh Kumar!

Conclusion

While short-term challenges from rising costs and global disruptions persist, United Breweries remains optimistic about long-term growth in India’s beer market. With strong premiumisation trends, continued investments, and strategic initiatives, the company is well-positioned to sustain growth and strengthen its market leadership.

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