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NSE UBL · BSE 532478 · Beverages (Alcoholic) · NIFTY 500

United Breweries Share Price

Market closed · updated 25 Sep, 4:52 PM IST
₹1,270.20 ▲ +₹31.71 · 2.56% NSE · as of 24 Sep 2026, 10:20 AM · BSE ₹1,272.90
Today's range
₹1,227.90Low₹1,293.70High
52-week range
₹1,210.50Low · 22 Sep 2026₹1,845.90High · 29 Oct 2025

United Breweries Overview

Where the price stands, how it has moved and how it sits against its averages.

United Breweries shares last traded at ₹1,270.20 on the NSE, up 2.56% on the day. That is 31.2% below the 52-week high of ₹1,845.90 and 4.9% above the 52-week low of ₹1,210.50. The stock trades at 89.39× earnings, above the sector average of 16.96. Its market value is ₹33,659 Cr.

Price returns

1 Day▲ +2.56%
5 Days▲ +1.22%
This month▼ −5.06%
3 Months▼ −7.05%
6 Months▼ −22.67%
This year▼ −23.40%
1 Year▼ −30.81%

Against the market: 1 Month ▼ −4.99% · 3 Months ▼ −4.36% · 6 Months ▼ −22.21% · This year ▼ −12.76% · 1 Year ▼ −24.09%

Shading grows with the size of the move. Prices refresh every 15 minutes while the market is open (9:15 AM–3:30 PM IST); next update from Mon 28 Sep, 9:15 AM.

Moving averages — price is above 2 of 6

  1. 300-day average₹1,462.83 ▼ price 13.2% below
  2. 100-day average₹1,351.19 ▼ price 6.0% below
  3. 50-day average₹1,345.59 ▼ price 5.6% below
  4. 20-day average₹1,280.29 ▼ price 0.8% below
  5. Today's price₹1,270.20
  6. 10-day average₹1,241.24 ▲ price 2.3% above
  7. 5-day average₹1,227.72 ▲ price 3.5% above

Averages above today's price sit higher on the ladder. Price above most of its averages is usually read as an upward trend.

United Breweries Financial Results

Revenue and net profit in ₹ crore, with the full statements underneath.

Revenue₹ crore
19,409
17,463
Net profit₹ crore · losses below zero
442
413

Year by year

Fiscal yearRevenueGrowthNet profitNet marginEPSDividend
FY 2026 ₹17,463 Cr ▼ −10.0% ₹413 Cr 2.4% ₹15.63 ₹10.00
FY 2025 ₹19,409 Cr ▲ +5.6% ₹442 Cr 2.3% ₹16.71 ₹10.00
FY 2024 ₹18,380 Cr ▲ +10.4% ₹410 Cr 2.2% ₹15.51 ₹10.00
FY 2023 ₹16,651 Cr ▲ +26.9% ₹304 Cr 1.8% ₹11.50 ₹7.50
FY 2022 ₹13,124 Cr ▲ +28.8% ₹365 Cr 2.8% ₹13.82 ₹10.50
FY 2021 ₹10,186 Cr ▼ −30.5% ₹113 Cr 1.1% ₹4.28 ₹0.50
FY 2020 ₹14,651 Cr — ₹428 Cr 2.9% ₹16.06 ₹2.50

Balance sheet — FY26

Owes (liabilities)Shareholders' equity
53%
47%
  • Total assets₹9,693 Cr
  • Total liabilities₹5,170 Cr
  • Shareholders' equity₹4,522 Cr
  • Total debt₹1,317 Cr
  • Cash & investments₹469 Cr
  • Current ratio1.24×
  • Revenue growth, 5 yr11.39% a year
  • EPS growth, 5 yr29.55% a year
  • Operating margin (TTM)2.99%
  • Net margin (TTM)2.20%

Cash flow — FY26

Operating activities
▲ ₹435 Cr
Investing activities
▼ −₹409 Cr
Financing activities
▲ ₹92 Cr
Free cash flow
▼ −₹77 Cr
Net change in cash
▲ ₹118 Cr

Right of the line = cash coming in, left = cash going out. Free cash flow = cash from operations minus capital spending.

Full financial statements, FY20–FY26
₹ croreFY20FY21FY22FY23FY24FY25FY26
Total revenue14,651.1510,185.7613,123.9216,651.0918,379.5319,408.5417,463.49
Cost of revenue11,584.078,137.8710,567.4613,739.9515,258.7515,911.5413,660.91
Gross profit3,067.082,047.892,556.462,911.143,120.783,497.003,802.58
Operating expenses14,054.3310,065.1312,642.3216,278.5317,894.7418,826.1916,863.25
Operating income596.82120.63481.60372.56484.79582.35600.24
Depreciation285.10232.01217.19210.59211.90232.98271.99
Profit before tax568.92169.41494.44417.31551.14605.11562.29
Tax143.8455.58128.36112.63140.28162.70148.90
Net profit427.73113.22365.46303.98410.03441.69413.17
EPS (₹)16.064.2813.8211.5015.5116.7115.63
Dividend per share (₹)2.500.5010.507.5010.0010.0010.00

What Analysts Say

20 analysts

Recommendations from 20 analysts who cover United Breweries.

Hold average rating 3.15 on a 1–5 scale

▲ 7 bullish (35.0%) · 4 hold (20.0%) · ▼ 9 bearish (45.0%)

Votes

Strong Buy
2 (10%)
Buy
5 (25%)
Hold
4 (20%)
Sell
6 (30%)
Strong Sell
3 (15%)

How the votes changed

Rating3M ago2M ago1M ago1W agoNow3-month change
Strong Buy22222 —
Buy66555 ▼ −1
Hold44444 —
Sell66666 —
Strong Sell33333 —

Analyst ratings are opinions, not a guarantee of returns.

United Breweries vs Peers

Side by side with other beverages (alcoholic) companies. The small bars compare each column.

CompanyPriceChangeMarket capP/EP/BROE (5 yr)Net marginDiv. yieldRating
United Breweries ₹1,270.20 ▲ +2.56% ₹33,659 Cr 89.39 7.26 9.44% 2.20% 0.80% This stock
United Spirits ₹1,425.90 ▼ −0.98% ₹1,03,713 Cr 55.44 11.18 19.95% 6.14% 1.24% Bullish
Radico Khaitan ₹4,480.00 ▼ −2.67% ₹60,024 Cr 89.27 16.55 14.15% 2.88% 0.22% Bullish
Allied Blenders and Distillers ₹713.15 ▲ +8.47% ₹20,002 Cr 75.30 10.37 11.33% 2.91% 0.88% Bullish
Tilaknagar Industries ₹588.00 ▼ −2.24% ₹14,551 Cr 38.02 3.67 16.14% 0.39% 0.23% Bullish
Globus Spirits ₹837.10 ▲ +0.90% ₹2,634 Cr 29.45 2.48 11.66% 2.58% 0.30% Moderately Bearish

Rating = the data provider's overall technical view of each peer. Company names link to their own pages.

Shareholding Pattern

Who owns United Breweries shares, quarter by quarter (latest on top).

PromoterFIIMFOther
Jun '26
70.8%
17.0%
Mar '26
Dec '25
Sep '25
HolderSep '25Dec '25Mar '26Jun '26Change
Promoter70.83%70.83%70.83%70.83% 0.00 pts
FII6.26%5.50%4.94%4.87% ▼ −0.07 pts
MF15.51%16.37%16.94%17.01% ▲ +0.07 pts
Other7.40%7.30%7.29%7.29% 0.00 pts

United Breweries Key Metrics

Each ratio placed against a benchmark — the sector average, the company's own 5-year average, or a common rule of thumb.

United BreweriesBenchmarkComfortable → stretched

Valuation Is the price reasonable?

P/E (TTM)Price ÷ yearly earnings per share
89.39
▲ 427% above the sector average of 16.96
P/E, 12-month rangeLow 77.34 · high 163.71
14%
Today's P/E sits 14% of the way from its low to its high
P/BPrice ÷ book value per share
7.26
P/SPrice ÷ sales per share
1.82
P/CFPrice ÷ cash flow per share
47.57
PEGP/E ÷ earnings growth (≈1 is fair)
7.71

Profitability Of every ₹100 of sales, how much is kept?

Gross marginKept after the cost of goods
22.83%
▲ above its 5-yr average of 18.69%
Operating marginKept after running costs
2.99%
▲ above its 5-yr average of 2.97%
Pre-tax marginKept before tax
2.99%
▼ below its 5-yr average of 3.09%
Net marginKept as profit
2.20%
▼ below its 5-yr average of 2.28%

Returns & efficiency How well does it use its money?

Return on equityProfit on shareholders' money
9.30%
▼ below its 5-yr average of 9.44%
Return on assetsProfit on everything it owns
4.61%
▼ below its 5-yr average of 5.49%
Return on investmentProfit on long-term capital
9.10%
▼ below its 5-yr average of 9.31%

Growth Is the business getting bigger?

Revenue — last 12 months
−5.1%
▼ shrinking
Revenue — 3 yr, a year
+1.6%
▲ growing
Revenue — 5 yr, a year
+11.4%
▲ growing
EPS — last 12 months
−12.5%
▼ shrinking
EPS — 3 yr, a year
+10.8%
▲ growing
EPS — 5 yr, a year
+29.6%
▲ growing (off the scale)
Dividend — 3 yr, a year
+10.1%
▲ growing
Book value — 5 yr, a year
+4.8%
▲ growing

Financial strength Can it pay its bills and debts?

Debt to equityBorrowings for every ₹1 of shareholders' money
0.29×
✓ Low debt
Current ratioShort-term assets for every ₹1 due within a year
1.24×
• Adequate
Quick ratioLike the current ratio, without inventory
0.79×
• Adequate
Interest coverOperating profit ÷ interest to pay
9.33×
✓ Strong
Payout ratioShare of profit paid as dividend
64.00%
✓ Balanced

Per share What each share stands for

EPS (TTM)
₹14.96
Book value
₹171.03
Cash flow
₹26.10
Dividend
₹10.00
Revenue
₹680.57

The share price is 7.43× the book value behind each share.

Benchmarks: sector averages and 5-year averages come from the data provider; the debt and liquidity bands are common rules of thumb, not investment advice.

All 109 metrics from the data provider

Valuation

P/E excluding extraordinary items, most recent fiscal year79.50
Current Dividend Yield - Common Stock Primary Issue, LTM0.80
Price to Book - most recent fiscal year7.26
P/E Basic excluding extraordinary items - TTM89.39
P/E including extraordinary items - TTM83.06
P/E excluding extraordinary items low, trailing 12 months77.34
Price to Tangible Book - most fiscal year7.28
Dividend Yield - 5 Year Average0.59
Price to sales - most recent fiscal year1.88
Dividend Yield - indicated annual dividend divided by closing price0.80
Price to Cash Flow per share - trailing 12 month47.57
Peg Ratio7.71
P/E Normalized, most recent fiscal year88.18
P/E excluding extraordinary items high, trailing 12 months163.71
P/E excluding extraordinary items, most recent fiscal year quarter83.06
Price to sales - trailing 12 month1.82
Net Debt, LFY8,472.50

Per share

Dividend Per Share - 5 year average9.60
Cash Flow per share - trailing 12 month26.10
Cash Flow per share - most recent fiscal year25.92
EPS including extraordinary items - trailing 12 month14.96
EPS including extraordinary items - most recent fiscal year15.63
EBITD per share - trailing 12 month29.38
Revenue/share - trailing 12 month680.57
EPS excluding extraordinary items - trailing 12 month14.96
EPS Basic excluding extraordinary items - most recent fiscal year15.63
EPS Basic excluding extraordinary items - trailing 12 month14.96
Book value per share - most recent fiscal year171.03
Dividend per share - most recent fiscal year10.00
Revenue/share - most recent fiscal year660.48
EPS Normalized - most recent fiscal year14.09
Book value (tangible) per share - most recent fiscal year170.58
Dividends per share - trailing 12 month10.00
EPS excluding extraordinary items - most recent fiscal year15.63
Cash per share - most recent fiscal year17.75

Margins

Operating margin - trailing 12 month2.99
Gross Margin - 5 year average18.69
Operating margin - 1st historical fiscal year3.44
Operating Margin - 5 year average2.97
Net Profit Margin % - 1st historical fiscal year2.37
Gross Margin - 1st historical fiscal year21.77
Net Profit Margin % - trailing 12 month2.20
Net Profit Margin - 5 year average2.28
Pretax Margin - 5 year average3.09
Pretax margin - 1st historical fiscal year3.22
Pretax margin - trailing 12 month2.99
Free Operating Cash Flow/Revenue, 5 Year Average−0.91
Gross Margin - trailing 12 month22.83

Growth

EPS Change %, TTM over TTM−12.46
Revenue growth rate, 5 year11.39
EPS growth rate, 5 year29.55
Revenue Change % - most recent quarter 1 year ago10.01
Growth rate% - dividend, 3 year10.06
Growth rate% - EPS, 3 year10.77
Revenue/share (5 yr growth)11.39
Tangible Book Value, Total Equity, 5 Year CAGR4.88
Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year Interim CAGR5.09
Capital Spending growth rate, 5 year20.59
Revenue Change %, TTM over TTM−5.14
Growth rate% - Revenue, 3 year1.60
Book value per share growth rate, 5 year4.77
EPS Change % - most recent quarter 1 year ago−9.50
Net Profit Margin growth rate, 5 year16.20
Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR14.51
Total Debt, 5 Year CAGR38.11

Financial strength

Net Interest coverage - most recent fiscal year9.33
Free Cash Flow - most recent fiscal year−3,257.10
LT debt/equity - most recent fiscal year0.02
Quick ratio - most recent fiscal year0.79
Payout ratio - trailing 12 month66.83
Current ratio - most recent fiscal year1.24
Total debt/total equity - most recent fiscal year0.29
Net Interest coverage - trailing 12 month5.77
Payout ratio - most recent fiscal year64.00

Returns & efficiency

Return on average equity - 5 year average9.44
Net Income/employee - trailing 12 month26,01,184.00
Revenue/employee - most recent fiscal year11,79,16,900.00
Return on investment - most recent fiscal year9.10
Return on average assets - most recent fiscal year4.61
Receivables turnover - most recent fiscal year6.01
Inventory turnover - most recent fiscal year6.96
Revenue/employee - trailing 12 month11,83,57,300.00
Return on average assets - 5 year average5.49
Net Income/employee - most recent fiscal year27,91,290.00
Asset turnover - most recent fiscal year1.95
Return on average equity - most recent fiscal year9.30
Return on investment - 5 year average9.31

Price & volume

Market Cap33,658.88
52 week Low Date22 Sep 2026
Price - 1 Day % Change2.23
Relative (S&P500) price percent change - 13 week−4.36
Avg trading volume last 10 days0.15
Price - 13 week price percent change−7.05
Price - 52 week price percent change−30.81
Avg Trading Volume Last 3 months2.74
Price - 5 Day % Change1.22
Price % Change Month To Date−5.06
Relative (S&P500) price percent change - 04 week−4.99
52 week High Date29 Oct 2025
Price - 26 week price percent change−22.67
PDATE23 Sep 2026
Price - YTD price percent change−23.40
Relative (S&P500) price percent change - 52 week−24.09
NPRICE1,242.30
Relative (S&P500) price percent change - 26 week−22.21
52 week Low1,210.40
52 week High1,844.00
Beta0.74
Relative (S&P500) price percent change - Year to Date−12.76

Dividends & Corporate Events

Payouts to shareholders, splits and bonus issues, and company meetings — newest first.

Dividend per share₹ per share, by fiscal year
₹10.50
₹10.00
  • Dividend yield0.80%
  • Payout ratio64.00%
  • 5-year average dividend₹9.60 a share
  • Latest dividend₹10.00 per share · 7 Aug 2026

Corporate calendar

  • MeetingAnnual General Meeting
  • Dividend₹10.00 per share · 1,000% · Final dividend
  • BoardQuarterly Results
  • BoardAudited Results & Final Dividend
  • BoardQuarterly Results
  • BoardQuarterly Results
  • MeetingPostal Ballot
  • MeetingAnnual General Meeting
Show 12 older events
  • Dividend₹10.00 per share · 1,000% · Final dividend
  • BoardAudited Results & Final Dividend
  • BoardQuarterly Results
  • MeetingPostal Ballot
  • BoardQuarterly Results
  • MeetingPostal Ballot
  • MeetingAnnual General Meeting
  • Dividend₹10.00 per share · 1,000% · Final dividend
  • BoardQuarterly Results
  • Dividend₹7.50 per share · 750% · Final dividend
  • Dividend₹10.50 per share · 1,050% · Final dividend
  • Dividend₹0.50 per share · 50% · Final dividend

About United Breweries

Beverages (Alcoholic)

United Breweries Limited is an India-based beer company, which is engaged in the manufacturing, purchasing and selling of beer and non-alcoholic beverages. The Company’s Beer segment includes the manufacture, purchase and sale of beer, including licensing of brands. Its product range includes internationally recognized beers, non-alcoholic beverages, packaged drinking water, and soda. Its alcoholic brands include Heineken Original; Heineken Silver; Amstel Bier; Amstel Grande Bier; Kingfisher Premium; Kingfisher Strong; Kingfisher Ultra; Kingfisher Ultra Max; Kingfisher Ultra Witbier; Kingfisher Storm; Kingfisher Blue; Kingfisher Flavour Mango; Kingfisher Flavour Lemon; Bullet Super Strong; Cannon 1000, and others. Its non-alcoholic brands include Heineken 0.0; Kingfisher Premium Packaged Drinking Water; Kingfisher Strong Power Soda, and Kingfisher Ultra Premium Soda. The Company has manufacturing facilities in India. It has operations in approximately 50 international markets.

Key people

  • Vivek GuptaChief Executive Officer, Managing Director, Executive Director
  • Jorn Elimar KerstenChief Financial Officer, Executive Director
  • Nikhil MalpaniCompliance Officer, Company Secretary

Company facts

  • NSE symbolUBL
  • BSE code532478
  • ISININE686F01025
  • IndustryBeverages (Alcoholic)
  • IndexNIFTY 500
  • Market cap₹33,659 Cr
  • Revenue (FY26)₹17,463 Cr
  • Net profit (FY26)₹413 Cr

In the News

Recent headlines about United Breweries — they open on Mint in a new tab.

Stock data comes from the exchange feed via our data provider and may be delayed. It is for information only and is not a recommendation to buy or sell. See all stocks →

Frequently Asked Questions

United Breweries (NSE: UBL) last traded at ₹1,270.20 on the NSE, up 2.56% (₹31.71) on the day, as of 24 Sep 2026, 10:20 AM. On the BSE it was ₹1,272.90. The day's range was ₹1,227.90 – ₹1,293.70.

United Breweries's 52-week high is ₹1,845.90 (29 Oct 2025) and its 52-week low is ₹1,210.50 (22 Sep 2026). At ₹1,270.20 the share is 31.2% below its high and 4.9% above its low.

United Breweries's market capitalisation is ₹33,659 Cr (₹33,659 Cr). It is part of the NIFTY 500 index.

United Breweries's P/E ratio (trailing 12 months) is 89.39. The sector average is 16.96, so investors pay 427% more for each rupee of its earnings than for the average company in its sector. Its earnings per share (TTM) are ₹14.96.

United Breweries shares are down 30.81% over the last year, down 23.40% so far this year, down 22.67% over 6 months, down 7.05% over 3 months. Over the last year the stock did 24.09% worse than the market.

In FY26 (year to Mar 2026), United Breweries reported revenue of ₹17,463 Cr (down 10.02% on the year before) and a net profit of ₹413 Cr. Earnings per share were ₹15.63.

Yes. United Breweries's latest dividend is ₹10.00 per share (1,000%, final dividend), with an ex-date of 7 Aug 2026. The dividend yield is 0.80%. It has paid 6 dividends in the records shown on this page.

Of 20 analysts covering United Breweries, 7 are bullish (2 strong buy, 5 buy), 4 say hold and 9 are bearish. The consensus is Hold (average rating 3.15 on a scale where 1 is Strong Buy and 5 is Strong Sell). Analyst views are opinions, not a guarantee.

As of Jun 2026: Promoter 70.83%, FII 4.87%, MF 17.01%, Other 7.29%.

United Breweries's listed peers in Beverages (Alcoholic) include United Spirits, Radico Khaitan, Allied Blenders and Distillers, Tilaknagar Industries, Globus Spirits. By market capitalisation it ranks #3 of 6 in this group.