United Breweries Ltd (UBL) — shareholding pattern, promoter holding, financials and share price
About United Breweries Ltd (UBL)
United Breweries Ltd operates in the Breweries & Distilleries industry, within the Fast Moving Consumer Goods sector. It trades on the NSE as UBL and on the BSE under scrip code 532478. Its ISIN is INE686F01025.
United Breweries Limited (UBL) is engaged in the business of manufacture and sale of beer and non-alcoholic beverages. [1]
United Breweries Limited is India’s largest brewer, manufacturing and selling beer under the Kingfisher franchise alongside international brands like Heineken and Amstel, operating a nationwide footprint of owned and contract breweries and a broad retail distribution presence.
Q3 FY26 showed operational recovery with net sales up about 4% led by selective state pricing and favourable state mix, while gross margin expanded to 45.3% (+220 bps year-on-year) and reported EBIT rose ~86%, marking the company’s highest gross margin in three years and showing early benefits of productivity programs.
Listed peers in Breweries & Distilleries: Radico Khaitan Ltd, Allied Blenders & Distillers Ltd, Tilaknagar Industries Ltd, India Glycols Ltd, Piccadily Agro Industries Ltd, Globus Spirits Ltd.
Valuation & Returns
10 Jul 2026At ₹1,329.2 a share on 10 Jul 2026, United Breweries Ltd (UBL) was valued at a price-to-earnings ratio of 85.02x against an industry P/E of 54.25x and a price-to-book of 8.05x on a book value of ₹165.05 per share as of Mar 2025. Solomo computes return on equity of 9.47% and return on capital employed of 12.72% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 85.02x
- Industry P/E
- 54.25x
- P/B
- 8.05x
- EPS (TTM)
- ₹15.63
- Book value / share
- ₹165.05
- ROE
- 9.47%
- ROCE
- 12.72%
- ROA
- 5.03%
- Debt / equity
- 0.14x
- Dividend yield
- 0.75%
- EBITDA margin
- 5.19%
- 52-week range
- ₹1,277 – ₹2,106
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, United Breweries Ltd (UBL) reported revenue of ₹9,240 crore, net profit of ₹413 crore and earnings per share of ₹15.63. That compares with revenue of ₹8,915 crore and net profit of ₹442 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹2,250 crore and net profit ₹102 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 5,838 | 7,500 | 8,123 | 8,915 | 9,240 |
| Net profit (₹ cr) | 366 | 305 | 411 | 442 | 413 |
| EPS (₹) | 13.82 | 11.5 | 15.51 | 16.71 | 15.63 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | 8.08% | 5.78% | 13.94% | 9.76% |
| Profit growth | 4.46% | 0.64% | 6.52% | 7.68% |
| Stock price CAGR | 5% | -1% | -4% | -33% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 70.83% of United Breweries Ltd (UBL) (unchanged from the previous quarter), foreign institutional investors (FII) hold 4.88% and domestic institutional investors (DII) hold 17.78%. Promoters have pledged 12.4% of their holding. Market capitalisation was ₹35,145 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Dec 2002.
Largest disclosed public shareholders in Jun 2026: SBI EQUITY HYBRID FUND 4.94%, ICICI PRUDENTIAL BLUECHIP FUND 4.74%, NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA GROWTH FUND 3.46%, DERIVE TRADING AND RESORTS PRIVATE LIMITED 1.23%, KOTAK 1.16%, RECOVERY OFFICER DRT 1 CHENNAI 1.16%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 70.83% | 12.4% | 4.88% | 17.78% | 29.17% |
| Mar 2026 | 70.83% | 12.4% | 4.94% | 18.08% | 29.17% |
| Dec 2025 | 70.83% | 12.4% | 5.5% | 17.45% | 29.17% |
| Sep 2025 | 70.83% | 12.4% | 6.26% | 16.68% | 29.17% |
| Jun 2025 | 70.83% | 12.4% | 6.73% | 16.37% | 29.17% |
| Mar 2025 | 70.83% | 12.4% | 6.91% | 16.17% | 29.17% |
| Dec 2024 | 70.83% | 12.4% | 6.43% | 16.52% | 29.17% |
| Sep 2024 | 70.83% | 12.4% | 6.26% | 16.61% | 29.17% |