United Breweries LimitedQ2 FY27 Results & Financial Update
United Breweries Limited: Q2 FY27 consolidated results and company financials – revenue ₹4,623.01 Cr, PAT ₹134.81 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore United Breweries Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
United Breweries Limited reported consolidated revenue from operations of INR 4,623.01 crore for the quarter ended September 30, 2026, alongside total income of INR 4,664.33 crore.
Profit before tax (PBT) for Q2 FY27 stood at INR 182.67 crore, while profit after tax (PAT) was recorded at INR 134.81 crore, resulting in an earnings per share (EPS) of INR 5.12 for the quarter.
Sequentially, the top-line figures reflect a moderation compared to the preceding quarter ended June 30, 2026, where revenue from operations was INR 5,919.44 crore and PAT stood at INR 166.28 crore.
Total expenses during the quarter included finance costs of INR 28.31 crore and depreciation and amortisation expenses of INR 89.25 crore, reflecting ongoing operational overheads.
Tax expenses for the quarter were recorded at INR 47.86 crore, shaping the final net earnings reported for the period.
Other income contributed INR 41.32 crore to the financial results, while provisions stood at INR 125.09 crore for the quarter.
The operational performance illustrates the seasonal dynamics and cost structures influencing the brewing business during the second quarter of the fiscal year.
01 · Business model
What does United Breweries do?
United Breweries Limited (UBL) is a prominent player in the Indian beverage sector, primarily engaged in the manufacturing, marketing, and distribution of beer.
The company operates an extensive portfolio of beer brands, holding a leading market share across various states in India.
Its economic model relies on large-scale brewing operations, widespread distribution networks, and strong brand equity anchored by both national and international labels.
02 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹4,623.01 Cr | ₹5,919.44 Cr |
| Total income | ₹4,664.33 Cr | ₹5,970.15 Cr |
| Profit before tax | ₹182.67 Cr | ₹224.49 Cr |
| Profit after tax | ₹134.81 Cr | ₹166.28 Cr |
| EPS | ₹5.12 | ₹6.29 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 2.9% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 4.0% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹41.32 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue from operations reached INR 4,623.01 crore in Q2 FY27, backed by total income of INR 4,664.33 crore.
The company recorded other income of INR 41.32 crore during the quarter.
Interest income for the quarter was reported at INR 56.96 crore.
What drove margins
Depreciation and amortisation expenses for the quarter stood at INR 89.25 crore.
Finance costs were recorded at INR 28.31 crore for Q2 FY27.
Tax expenses accounted for INR 47.86 crore of the quarterly financial outcome.
04 · Items worth noticing
The line items that can distort a quick read
The company reported provisions amounting to INR 125.09 crore for the quarter ended September 30, 2026.
05 · Previous-quarter changes
What changed since the previous quarter
Revenue from operations moved from INR 5,919.44 crore in Q1 FY27 to INR 4,623.01 crore in Q2 FY27.
PAT shifted from INR 166.28 crore in the previous quarter to INR 134.81 crore in Q2 FY27.
06 · Key Q&A
The quarter, answered directly
What does United Breweries do?
United Breweries Limited (UBL) is a prominent player in the Indian beverage sector, primarily engaged in the manufacturing, marketing, and distribution of beer.
What is the clearest takeaway from Q2 FY27?
United Breweries Limited reported consolidated revenue from operations of INR 4,623.01 crore for the quarter ended September 30, 2026, alongside total income of INR 4,664.33 crore.
What drove revenue or demand?
Revenue from operations reached INR 4,623.01 crore in Q2 FY27, backed by total income of INR 4,664.33 crore.
What mattered most for margins or profitability?
Depreciation and amortisation expenses for the quarter stood at INR 89.25 crore.
What should the next disclosure help confirm?
Monitor upcoming quarterly financial filings to evaluate demand trends, volume growth, and margin trajectories in subsequent periods.
07 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
Build your own next-quarter scenario
Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.
Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%
The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
08 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Subsequent Financial Disclosures: Monitor upcoming quarterly financial filings to evaluate demand trends, volume growth, and margin trajectories in subsequent periods.
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Need the concepts first?
Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.