United Breweries' Q2 FY 2025-26 Quarterly Results

Result Summary

• United Breweries Ltd reported a 28.1% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 2.8%.
• Its expenses for the quarter were down by 23.8% QoQ and up 2.7% YoY.
• The net profit decreased 74.8% QoQ and decreased 65.0% YoY.
• The earnings per share (EPS) of United Breweries Ltd stood at 1.76 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

United Breweries Ltd is a prominent player in the alcoholic beverages industry, primarily known for its flagship product, Kingfisher beer. The company operates in the brewing sector and has a significant market presence in India. United Breweries has a long-standing history and is part of a larger conglomerate with diverse business interests. Recent developments, such as changes in regulations or shifts in consumer preferences within the alcoholic beverage industry, can impact the company's operations. However, specific recent developments or strategic shifts for United Breweries are not available.

Revenue

For the second quarter of the fiscal year 2026 (Q2FY26), United Breweries Ltd reported a total income of ₹2067.69 crores. This marks a decline from the ₹2875.39 crores recorded in the first quarter of fiscal year 2026 (Q1FY26), reflecting a quarter-over-quarter (QoQ) decrease of 28.1%. When compared to the second quarter of the previous fiscal year (Q2FY25), which saw a total income of ₹2127.12 crores, there is a year-over-year (YoY) decrease of 2.8%. Such fluctuations in total income can be indicative of various internal and external factors affecting the company’s revenue generation during these periods.

Profitability

United Breweries Ltd's profitability for Q2FY26 saw a notable decline. The profit before tax was ₹65.80 crores, down from ₹247.88 crores in Q1FY26, representing a significant QoQ decrease of 73.5%. Comparing this to Q2FY25, where the profit before tax was ₹178.28 crores, there is a YoY decline of 63.1%. The tax expense for Q2FY26 was ₹19.46 crores, a reduction from both the previous quarter and the same quarter last year, with YoY and QoQ declines of 57.6% and 69.5%, respectively. The profit after tax amounted to ₹46.34 crores in Q2FY26, showing a significant decrease from ₹184.03 crores in Q1FY26 and ₹132.33 crores in Q2FY25, with YoY and QoQ reductions of 65.0% and 74.8%, respectively. Earnings per share (EPS) also declined to ₹1.76 from ₹6.95 in the previous quarter and ₹5.00 in the same quarter last year, indicating YoY and QoQ decreases of 64.8% and 74.7%, respectively.

Operating Metrics

The total expenses for United Breweries Ltd in Q2FY26 were ₹2001.89 crores, which is lower than the ₹2627.51 crores reported in Q1FY26, showing a QoQ decrease of 23.8%. Compared to Q2FY25, when the total expenses were ₹1948.84 crores, there is a YoY increase of 2.7%. This change in expenses is a crucial operating metric that impacts the profitability and overall financial health of the company. The significant reduction in expenses from the previous quarter may reflect cost-cutting measures or changes in operational efficiency. However, the YoY increase indicates other factors influencing expense management across the different fiscal periods.