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Earnings Call Transcript

United Breweries Earnings Call Transcript: Key Takeaways

UBL reports 13% volume growth driven by premiumization and regulatory tailwinds, despite severe raw material inflation from Middle East conflict affecting supply chains.

Guidance and delivery
Management target Revenue 10.0% FY27
Highlights
Revenue growthVolumes up 13% led by premiumization and strong summer demand.
MarginsGross margin down to 41%; structural recovery program mitigating inflation impacts.
Demand visibilityStrong; beer category accelerating due to favorable regulatory reforms in Karnataka.
Management confidenceBalanced; optimistic on demand but cautious on persistent supply chain volatility.

Growth

Sell-out volumes grew 13%; premium segment surged 17%, led by Kingfisher Ultra and Heineken Silver.

Outlook

Management targets double-digit revenue growth for FY27 with 20% premium revenue share goal.

Risks

Gross margins compressed 155bps YoY due to elevated packaging and logistics costs; Haryana remains unviable.

Source

Earnings Call Transcript filed with BSE, NSE: UBL. Summary written with AI assistance from the document.

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United Breweries Ltd: key numbers

Share price
₹1,182.90
Market cap
₹31,276 Cr
Revenue (annual)
₹9,240 Cr
Net profit (annual)
₹413.2 Cr
P/E (TTM)
79.0×Sector 28.6×
Promoter holding
70.83%+0.00% QoQ
FII holding
4.87%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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