United Breweries Q2 Profit Slips to ₹469.5 Million Despite ₹37.36 Billion Revenue

United Breweries Ltd (UBL), India’s leading beer manufacturer and part of the Heineken Group, has announced its Q2 FY2026 financial results, posting consolidated revenue from operations of ₹37.36 billion, reflecting a modest year-on-year growth. However, net profit fell to ₹469.5 million, impacted by higher raw material costs and subdued operating margins.

The company continues to face inflationary pressures, especially in packaging and barley procurement, which weighed on profitability. Despite this, UBL remains committed to premiumization strategies, expanding its portfolio of premium and super-premium brands such as Kingfisher Ultra and Heineken Silver.

UBL also highlighted its focus on supply chain optimization and digital transformation, aiming to improve cost structures and enhance consumer engagement. Seasonal demand fluctuations and regulatory constraints in key states remain challenges in the short term.

Key Highlights:

• Revenue from Operations: ₹37.36 billion in Q2 FY2026
• Net Profit: ₹469.5 million, down YoY
• Margin Pressure: Input cost inflation and regulatory constraints
• Strategic Focus: Premiumization, digital transformation, and supply chain efficiency
• Outlook: Cautiously optimistic amid festive demand and rural recovery

United Breweries is navigating a complex operating environment with strategic pivots toward brand value and operational resilience.

Sources: LiveMint, United Breweries Investor Portal, The Hindu Business Line