- Total income
- ₹9,001 Cr
- Profit
- ₹442 Cr

About United Breweries Limited
Data last updated:
United Breweries Limited is a public limited company based in Bangalore, Karnataka, India. It operates in the alcoholic beverage manufacturing and distribution segment of the food and beverages sector. It was incorporated on 13 May 1999 and has been in existence for over 27 years.
United Breweries is ranked #290 on the Fortune India 500 (2025) and #98 on the Fortune MNC 500 India (2026). It is part of the Nifty 500 and BSE 500 indices. Its director Ranjan Pai is #57 on the Hurun India Rich List 2026.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN L36999KA1999PLC025195. Its GSTIN is 29AAACU6053C1ZH (Karnataka). The company holds 31 GST registrations, of which 23 are active. Its shares are listed on BSE: 532478 and NSE: UBL.
The company has an authorised share capital of ₹998.98 Cr and a paid-up capital of ₹26.44 Cr. It was formerly known as Ub Infrastructure Projects Limited and Ub Beer Limited. It is led by directors including Vivek Gupta (Managing Director) and Jorn Elimar Kersten (Whole-Time Director).
Its last annual general meeting (AGM) was held on 07 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ubtower Ubcity 24 Vittalmallyaroad, Bangalore, Karnataka, India – 560001.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹9,239.94 Cr, a growth of 3.6% compared to the previous year. For the same year it recorded a net profit of ₹341.8 Cr (net margin 3.7%) and EBITDA of ₹786.79 Cr (EBITDA margin 8.5%). The net worth stands at ₹4,522.1 Cr (up 3.6% YoY). Total assets are valued at ₹5,867.15 Cr (up 16.8% YoY).
The company has about 2,258 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: United Breweries. As per MCA filings, the company has open charges of ₹750.5 Cr and satisfied charges of ₹62,057 Cr on record. Court records list 312 cases involving the company, including 238 filed by the company and 74 filed against it; 59 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website unitedbreweries.com.
Name History of United Breweries Limited
United Breweries has undergone 2 name changes throughout its history. The company was previously known as Ub Infrastructure Projects Limited, and Ub Beer Limited. The current legal name is United Breweries Limited.
| Company Name | Status |
|---|---|
| United Breweries Limited | Current |
| Ub Infrastructure Projects Limited | Previous |
| Ub Beer Limited | Previous |
CIN History of United Breweries Limited
United Breweries has one previous CIN (Corporate Identification Number): U36999KA1999PLC025195. The current CIN is L36999KA1999PLC025195, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L36999KA1999PLC025195 | Current |
| U36999KA1999PLC025195 | Previous |
Recognitions & Rankings of United Breweries
- Total income
- ₹9,001 Cr
- Profit
- ₹442 Cr
- #57 Ranjan Pai ₹49,200 Cr
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressUbtower Ubcity 24 Vittalmallyaroad, Bangalore, Karnataka, India – 560001
- IndustryFood and Beverages, Alcoholic Beverage Manufacturing & Distribution
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Associated Brands with United Breweries Limited
United Breweries operates one associated brand: United Breweries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Processed beverages are manufactured and marketed globally by United Breweries. | unitedbreweries.com |
Business Activity of United Breweries Limited
The main business activity of United Breweries is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of United Breweries Limited FY 2025-26 filings available
United Breweries Limited reported revenue of ₹9,239.94 Cr (up 3.6% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 9,240 | 8,915 | 8,123 | 7,500 | 5,838 | 4,243 | 6,509 |
| Revenue growth | +3.6% | +9.8% | +8.3% | +28.5% | +37.6% | -34.8% | - |
| EBITDA | 787 | 815 | 696 | 583 | 697 | 319 | 876 |
| EBITDA margin | +8.5% | +9.1% | +8.6% | +7.8% | +11.9% | +7.5% | +13.5% |
| Profit before tax | 562 | 605 | 551 | 417 | 494 | 169 | 569 |
| Net profit | 342 | 460 | 410 | 327 | 365 | 118 | 428 |
| Net profit margin | +3.7% | +5.2% | +5.0% | +4.4% | +6.3% | +2.8% | +6.6% |
| EPS (₹) | 15.63 | 16.71 | 15.51 | 11.50 | 13.82 | 4.28 | 16.18 |
| Balance sheet | |||||||
| Total assets | 5,867 | 5,024 | 4,309 | 4,008 | 3,978 | 3,861 | 3,804 |
| Net worth | 4,522 | 4,364 | 4,178 | 3,965 | 3,935 | 3,582 | 3,520 |
| Total debt | 1,317 | 620 | 102 | 15.62 | 9.74 | 262 | 252 |
| Cash & bank | 572 | 436 | 214 | 395 | 910 | 469 | 78.59 |
| Net working capital | 2,401 | 2,253 | 1,671 | 1,414 | 1,408 | 1,332 | 1,214 |
| Cash flow | |||||||
| Cash from operations | 435 | 214 | 69.50 | (120) | 900 | 620 | 508 |
| Cash from investing | (408) | (238) | (148) | (121) | (160) | (152) | (402) |
| Cash from financing | 91.51 | 237 | (122) | (292) | (287) | (88.39) | (95.19) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,067 | 2,250 | 2,073 | 2,053 | 2,864 | 2,323 | 2,000 | 2,117 |
| Revenue growth (YoY) | +7.1% | -3.1% | +3.6% | -3.0% | +15.7% | - | - | - |
| Other income | 50.71 | 82.19 | 11.09 | 14.86 | 11.07 | 8.01 | 10.14 | 10.40 |
| EBITDA | 283 | 139 | 207 | 130 | 311 | 187 | 116 | 227 |
| EBITDA margin | +9.2% | +6.2% | +10.0% | +6.3% | +10.9% | +8.0% | +5.8% | +10.7% |
| Depreciation | 85.78 | 76.01 | 68.96 | 64.09 | 62.93 | 56.77 | 61.34 | 57.15 |
| Interest | 23.04 | 29.04 | 16.86 | 14.65 | 11.17 | 5.88 | 3.20 | 2.19 |
| Profit before tax | 224 | 116 | 132 | 65.80 | 248 | 132 | 61.32 | 178 |
| Tax | 58.21 | 14.44 | 51.14 | 19.46 | 63.85 | 34.31 | 22.80 | 45.95 |
| Net profit | 166 | 102 | 81.15 | 46.34 | 184 | 97.76 | 38.52 | 132 |
| EPS (₹) | 6.29 | 3.85 | 3.06 | 1.76 | 6.95 | 3.69 | 1.45 | 5.00 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 9,233 | 8,907 | 8,115 | 7,492 | 5,832 | 4,241 | 6,505 |
| Revenue growth | +3.7% | +9.8% | +8.3% | +28.5% | +37.5% | -34.8% | - |
| EBITDA | 787 | 813 | 695 | 581 | 695 | 317 | 874 |
| EBITDA margin | +8.5% | +9.1% | +8.6% | +7.8% | +11.9% | +7.5% | +13.4% |
| Profit before tax | 562 | 603 | 549 | 415 | 493 | 168 | 567 |
| Net profit | 342 | 459 | 409 | 326 | 365 | 117 | 427 |
| Net profit margin | +3.7% | +5.2% | +5.0% | +4.4% | +6.3% | +2.8% | +6.6% |
| EPS (₹) | 15.63 | 16.69 | 15.48 | 11.48 | 13.81 | 4.27 | 16.16 |
| Balance sheet | |||||||
| Total assets | 5,857 | 5,014 | 4,300 | 4,000 | 3,971 | 3,854 | 3,798 |
| Net worth | 4,517 | 4,359 | 4,174 | 3,961 | 3,932 | 3,580 | 3,518 |
| Total debt | 1,317 | 620 | 102 | 15.62 | 9.74 | 262 | 252 |
| Cash & bank | 571 | 435 | 208 | 395 | 908 | 468 | 73.31 |
| Net working capital | 2,396 | 2,250 | 1,663 | 1,412 | 1,406 | 1,331 | 1,209 |
| Cash flow | |||||||
| Cash from operations | 436 | 212 | 76.83 | (121) | 899 | 619 | 507 |
| Cash from investing | (409) | (237) | (148) | (120) | (160) | (151) | (402) |
| Cash from financing | 91.73 | 237 | (130) | (292) | (286) | (88.17) | (94.88) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,065 | 2,248 | 2,071 | 2,051 | 2,862 | 2,321 | 1,998 | 2,115 |
| Revenue growth (YoY) | +7.1% | -3.2% | +3.7% | -3.0% | +15.8% | - | - | - |
| Other income | 50.64 | 81.86 | 10.85 | 15.01 | 10.95 | 7.85 | 10.08 | 10.52 |
| Total expenses | 2,782 | 2,109 | 1,865 | 1,921 | 2,552 | 2,135 | 1,883 | 1,888 |
| EBITDA | 283 | 139 | 207 | 130 | 311 | 186 | 115 | 227 |
| EBITDA margin | +9.2% | +6.2% | +10.0% | +6.3% | +10.8% | +8.0% | +5.8% | +10.7% |
| Depreciation | 85.69 | 75.91 | 68.88 | 63.98 | 62.84 | 56.66 | 61.29 | 57.08 |
| Interest | 23.04 | 29.04 | 16.86 | 14.65 | 11.17 | 5.87 | 3.20 | 2.19 |
| Profit before tax | 225 | 116 | 132 | 66.52 | 247 | 132 | 60.97 | 178 |
| Tax | 58.22 | 14.38 | 51.03 | 19.57 | 63.75 | 34.17 | 22.71 | 45.84 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,067 | 2,250 | 2,073 | 2,053 | 2,864 | 2,323 | 2,000 | 2,117 |
| Revenue growth (YoY) | +7.1% | -3.1% | +3.6% | -3.0% | +15.7% | - | - | - |
| Other income | 50.71 | 82.19 | 11.09 | 14.86 | 11.07 | 8.01 | 10.14 | 10.40 |
| EBITDA | 283 | 139 | 207 | 130 | 311 | 187 | 116 | 227 |
| EBITDA margin | +9.2% | +6.2% | +10.0% | +6.3% | +10.9% | +8.0% | +5.8% | +10.7% |
| Depreciation | 85.78 | 76.01 | 68.96 | 64.09 | 62.93 | 56.77 | 61.34 | 57.15 |
| Interest | 23.04 | 29.04 | 16.86 | 14.65 | 11.17 | 5.88 | 3.20 | 2.19 |
| Profit before tax | 224 | 116 | 132 | 65.80 | 248 | 132 | 61.32 | 178 |
| Tax | 58.21 | 14.44 | 51.14 | 19.46 | 63.85 | 34.31 | 22.80 | 45.95 |
| Net profit | 166 | 102 | 81.15 | 46.34 | 184 | 97.76 | 38.52 | 132 |
| EPS (₹) | 6.29 | 3.85 | 3.06 | 1.76 | 6.95 | 3.69 | 1.45 | 5.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 9,240 | 8,915 | 8,123 | 7,500 | 5,838 | 4,243 | 6,509 |
| Revenue growth | +3.6% | +9.8% | +8.3% | +28.5% | +37.6% | -34.8% | - |
| Other income | 119 | 35.90 | 73.74 | 49.43 | 29.79 | 105 | 9.30 |
| Total expenses | 8,453 | 8,100 | 7,426 | 6,917 | 5,142 | 3,924 | 5,633 |
| Employee cost | 762 | 718 | 647 | 596 | 523 | 485 | 504 |
| EBITDA | 787 | 815 | 696 | 583 | 697 | 319 | 876 |
| EBITDA margin | +8.5% | +9.1% | +8.6% | +7.8% | +11.9% | +7.5% | +13.5% |
| Depreciation | 272 | 233 | 212 | 211 | 217 | 232 | 285 |
| Interest | 71.72 | 12.86 | 6.89 | 4.64 | 14.78 | 22.67 | 31.12 |
| Profit before tax | 562 | 605 | 551 | 417 | 494 | 169 | 569 |
| Tax | 149 | 163 | 140 | 113 | 128 | 55.58 | 141 |
| Net profit | 342 | 460 | 410 | 327 | 365 | 118 | 428 |
| Net profit margin | +3.7% | +5.2% | +5.0% | +4.4% | +6.3% | +2.8% | +6.6% |
| EPS (₹) | 15.63 | 16.71 | 15.51 | 11.50 | 13.82 | 4.28 | 16.18 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 26.44 | 26.44 | 26.44 | 26.44 | 26.44 | 26.44 | 26.44 |
| Reserves & surplus | 4,496 | 4,337 | 4,152 | 3,938 | 3,909 | 3,556 | 3,494 |
| Shareholders' funds (net worth) | 4,522 | 4,364 | 4,178 | 3,965 | 3,935 | 3,582 | 3,520 |
| Minority interest | 5.74 | 5.72 | 5.22 | 4.61 | 4.14 | 3.75 | 3.34 |
| Secured loans | 78.54 | 195 | 77.41 | 0.00 | 0.00 | 250 | 136 |
| Unsecured loans | 1,238 | 425 | 24.62 | 15.62 | 9.74 | 11.80 | 116 |
| Total debt | 1,317 | 620 | 102 | 15.62 | 9.74 | 262 | 252 |
| Total liabilities | 5,867 | 5,024 | 4,309 | 4,008 | 3,978 | 3,861 | 3,804 |
| Assets | |||||||
| Gross block | 6,016 | 5,460 | 5,259 | 5,143 | 4,977 | 4,776 | 4,551 |
| Net block | 2,050 | 1,749 | 1,776 | 1,851 | 1,913 | 1,949 | 1,926 |
| Capital work in progress | 512 | 253 | 173 | 77.13 | 110 | 129 | 199 |
| Investments | 7.74 | 7.85 | 7.97 | 8.05 | 8.35 | 6.06 | 0.27 |
| Inventories | 2,150 | 1,616 | 1,369 | 1,428 | 936 | 1,137 | 1,094 |
| Sundry debtors | 2,944 | 2,861 | 2,314 | 1,407 | 1,255 | 1,395 | 1,350 |
| Cash & bank balances | 572 | 436 | 214 | 395 | 910 | 469 | 78.59 |
| Loans & advances | 560 | 539 | 519 | 456 | 279 | 323 | 439 |
| Total current assets | 6,226 | 5,451 | 4,415 | 3,686 | 3,379 | 3,324 | 2,961 |
| Total current liabilities | 3,825 | 3,199 | 2,744 | 2,273 | 1,971 | 1,991 | 1,747 |
| Net working capital | 2,401 | 2,253 | 1,671 | 1,414 | 1,408 | 1,332 | 1,214 |
| Total assets | 5,867 | 5,024 | 4,309 | 4,008 | 3,978 | 3,861 | 3,804 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 342 | 129 | 330 | 863 | 410 | 29.36 | 19.20 |
| Net cash from operating activities | 435 | 214 | 69.50 | (120) | 900 | 620 | 508 |
| Net cash from investing activities | (408) | (238) | (148) | (121) | (160) | (152) | (402) |
| Net cash from financing activities | 91.51 | 237 | (122) | (292) | (287) | (88.39) | (95.19) |
| Net change in cash | 118 | 213 | (201) | (533) | 453 | 380 | 10.16 |
| Closing cash | 572 | 436 | 214 | 395 | 910 | 469 | 78.59 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +3.6% | +9.8% | +8.3% | +28.5% | +37.6% | -34.8% | - |
| EBITDA growth | -3.5% | +17.1% | +19.4% | -16.3% | +118.5% | -63.6% | - |
| PBT growth | -7.1% | +9.8% | +32.1% | -15.6% | +191.9% | -70.2% | -35.3% |
| Net income growth | -25.7% | +12.2% | +25.5% | -10.6% | +210.9% | -72.5% | - |
| Revenue CAGR (3Y) | +7.2% | +15.2% | +24.2% | +4.8% | -3.4% | -8.9% | +11.2% |
| EBITDA CAGR (3Y) | +10.5% | +5.4% | +29.7% | -12.7% | -15.1% | -29.3% | +10.9% |
| Profitability & leverage | |||||||
| Net income margin | +4.5% | +5.0% | +5.1% | +4.1% | +6.3% | +2.7% | +6.6% |
| Return on capital employed | +11.7% | +13.3% | +13.4% | +10.6% | +13.0% | +5.0% | +16.7% |
| Return on net worth | +9.3% | +10.4% | +10.1% | +7.7% | +9.7% | +3.2% | +12.8% |
| Debt / equity | 0.22 | 0.08 | 0.01 | 0.00 | 0.04 | 0.07 | 0.07 |
| Long-term debt / equity | 0.02 | 0.01 | 0.00 | 0.00 | 0.02 | 0.02 | 0.01 |
| Interest cover | 13.93 | 2.21 | 1.42 | 1.25 | 3.08 | 26.11 | 5.27 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 3.04 | 3.62 | 3.53 | 3.29 | 2.69 | 2.18 | 3.39 |
| Inventory turnover | 9.27 | 13.00 | 13.14 | 14.09 | 12.66 | 9.13 | 13.78 |
| Debtors turnover | 6.02 | 7.50 | 9.88 | 12.51 | 9.91 | 7.42 | 10.24 |
| EPS (₹) | 15.63 | 16.71 | 15.51 | 11.50 | 13.82 | 4.28 | 16.18 |
| Dividend per share (₹) | 10.00 | 10.00 | 10.00 | 7.50 | 10.50 | 0.50 | 2.50 |
| Book value per share (₹) | 171.03 | 165.05 | 158.03 | 149.96 | 148.83 | 135.49 | 133.14 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,065 | 2,248 | 2,071 | 2,051 | 2,862 | 2,321 | 1,998 | 2,115 |
| Revenue growth (YoY) | +7.1% | -3.2% | +3.7% | -3.0% | +15.8% | - | - | - |
| Other income | 50.64 | 81.86 | 10.85 | 15.01 | 10.95 | 7.85 | 10.08 | 10.52 |
| Total expenses | 2,782 | 2,109 | 1,865 | 1,921 | 2,552 | 2,135 | 1,883 | 1,888 |
| EBITDA | 283 | 139 | 207 | 130 | 311 | 186 | 115 | 227 |
| EBITDA margin | +9.2% | +6.2% | +10.0% | +6.3% | +10.8% | +8.0% | +5.8% | +10.7% |
| Depreciation | 85.69 | 75.91 | 68.88 | 63.98 | 62.84 | 56.66 | 61.29 | 57.08 |
| Interest | 23.04 | 29.04 | 16.86 | 14.65 | 11.17 | 5.87 | 3.20 | 2.19 |
| Profit before tax | 225 | 116 | 132 | 66.52 | 247 | 132 | 60.97 | 178 |
| Tax | 58.22 | 14.38 | 51.03 | 19.57 | 63.75 | 34.17 | 22.71 | 45.84 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 9,233 | 8,907 | 8,115 | 7,492 | 5,832 | 4,241 | 6,505 |
| Revenue growth | +3.7% | +9.8% | +8.3% | +28.5% | +37.5% | -34.8% | - |
| Other income | 119 | 35.70 | 72.93 | 49.27 | 29.66 | 105 | 9.11 |
| Total expenses | 8,446 | 8,094 | 7,420 | 6,911 | 5,137 | 3,923 | 5,630 |
| Employee cost | 757 | 713 | 643 | 591 | 519 | 482 | 500 |
| EBITDA | 787 | 813 | 695 | 581 | 695 | 317 | 874 |
| EBITDA margin | +8.5% | +9.1% | +8.6% | +7.8% | +11.9% | +7.5% | +13.4% |
| Depreciation | 272 | 233 | 212 | 210 | 217 | 232 | 285 |
| Interest | 71.72 | 12.85 | 6.89 | 4.64 | 14.78 | 22.67 | 31.12 |
| Profit before tax | 562 | 603 | 549 | 415 | 493 | 168 | 567 |
| Tax | 149 | 162 | 140 | 112 | 128 | 55.11 | 140 |
| Net profit | 342 | 459 | 409 | 326 | 365 | 117 | 427 |
| Net profit margin | +3.7% | +5.2% | +5.0% | +4.4% | +6.3% | +2.8% | +6.6% |
| EPS (₹) | 15.63 | 16.69 | 15.48 | 11.48 | 13.81 | 4.27 | 16.16 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 26.44 | 26.44 | 26.44 | 26.44 | 26.44 | 26.44 | 26.44 |
| Reserves & surplus | 4,491 | 4,333 | 4,148 | 3,935 | 3,906 | 3,553 | 3,492 |
| Shareholders' funds (net worth) | 4,517 | 4,359 | 4,174 | 3,961 | 3,932 | 3,580 | 3,518 |
| Secured loans | 78.54 | 195 | 77.41 | 0.00 | 0.00 | 250 | 136 |
| Unsecured loans | 1,238 | 425 | 24.62 | 15.62 | 9.74 | 11.80 | 116 |
| Total debt | 1,317 | 620 | 102 | 15.62 | 9.74 | 262 | 252 |
| Total liabilities | 5,857 | 5,014 | 4,300 | 4,000 | 3,971 | 3,854 | 3,798 |
| Assets | |||||||
| Gross block | 5,963 | 5,407 | 5,207 | 5,091 | 4,924 | 4,762 | 4,500 |
| Net block | 2,041 | 1,740 | 1,768 | 1,843 | 1,905 | 1,942 | 1,901 |
| Capital work in progress | 509 | 251 | 173 | 77.08 | 110 | 128 | 199 |
| Investments | 15.39 | 15.50 | 15.62 | 15.70 | 16.00 | 13.71 | 25.68 |
| Inventories | 2,148 | 1,615 | 1,366 | 1,426 | 934 | 1,135 | 1,092 |
| Sundry debtors | 2,943 | 2,860 | 2,313 | 1,407 | 1,254 | 1,395 | 1,350 |
| Cash & bank balances | 571 | 435 | 208 | 395 | 908 | 468 | 73.31 |
| Loans & advances | 558 | 538 | 519 | 456 | 279 | 323 | 440 |
| Total current assets | 6,220 | 5,448 | 4,407 | 3,684 | 3,375 | 3,321 | 2,955 |
| Total current liabilities | 3,824 | 3,198 | 2,743 | 2,272 | 1,970 | 1,990 | 1,746 |
| Net working capital | 2,396 | 2,250 | 1,663 | 1,412 | 1,406 | 1,331 | 1,209 |
| Total assets | 5,857 | 5,014 | 4,300 | 4,000 | 3,971 | 3,854 | 3,798 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 341 | 129 | 330 | 862 | 409 | 28.99 | 18.98 |
| Net cash from operating activities | 436 | 212 | 76.83 | (121) | 899 | 619 | 507 |
| Net cash from investing activities | (409) | (237) | (148) | (120) | (160) | (151) | (402) |
| Net cash from financing activities | 91.73 | 237 | (130) | (292) | (286) | (88.17) | (94.88) |
| Net change in cash | 119 | 212 | (201) | (533) | 453 | 380 | 10.01 |
| Closing cash | 571 | 435 | 208 | 395 | 908 | 468 | 73.31 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +3.7% | +9.8% | +8.3% | +28.5% | +37.5% | -34.8% | - |
| EBITDA growth | -3.3% | +17.0% | +19.6% | -16.4% | +119.0% | -63.7% | - |
| PBT growth | -6.9% | +9.8% | +32.2% | -15.7% | +193.5% | -70.4% | -35.4% |
| Net income growth | -25.6% | +12.3% | +25.5% | -10.6% | +211.5% | -72.6% | - |
| Revenue CAGR (3Y) | +7.2% | +15.2% | +24.2% | +4.8% | -3.4% | -9.0% | +11.2% |
| EBITDA CAGR (3Y) | +10.6% | +5.4% | +29.9% | -12.7% | -15.2% | -29.4% | +10.9% |
| Profitability & leverage | |||||||
| Net income margin | +4.5% | +5.0% | +5.0% | +4.1% | +6.3% | +2.7% | +6.6% |
| Return on capital employed | +11.7% | +13.2% | +13.4% | +10.5% | +13.0% | +5.0% | +16.6% |
| Return on net worth | +9.3% | +10.3% | +10.1% | +7.7% | +9.7% | +3.2% | +12.8% |
| Debt / equity | 0.22 | 0.08 | 0.01 | 0.00 | 0.04 | 0.07 | 0.07 |
| Long-term debt / equity | 0.02 | 0.01 | 0.00 | 0.00 | 0.02 | 0.02 | 0.01 |
| Interest cover | 13.93 | 2.21 | 1.43 | 1.25 | 3.09 | 26.54 | 5.28 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 3.07 | 3.66 | 3.57 | 3.32 | 2.71 | 2.20 | 3.42 |
| Inventory turnover | 9.28 | 13.01 | 13.16 | 14.10 | 12.68 | 9.14 | 13.80 |
| Debtors turnover | 6.02 | 7.50 | 9.88 | 12.51 | 9.90 | 7.42 | 10.24 |
| EPS (₹) | 15.63 | 16.69 | 15.48 | 11.48 | 13.81 | 4.27 | 16.16 |
| Dividend per share (₹) | 10.00 | 10.00 | 10.00 | 7.50 | 10.50 | 0.50 | 2.50 |
| Book value per share (₹) | 170.85 | 164.87 | 157.87 | 149.82 | 148.71 | 135.39 | 133.05 |
Board of Directors and KMP of United Breweries Limited
United Breweries Limited currently reports 10 directors and 1 key managerial person. 34 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jan Cornelis Van Der Linden | Director | 01 Jun 2020 | 6 Years 4 Months | Current |
| Geetu Gidwani Verma | Director | 29 May 2022 | 4 Years 4 Months | Current |
| Radovan Sikorsky | Director | 01 Aug 2024 | 2 Years 2 Months | Current |
| Manu Anand Also directs: Glaxosmithkline Pharmaceuticals Limited | Director | 29 May 2022 | 4 Years 4 Months | Current |
| Anand Thirumalachar Kripalu | Director | 22 Feb 2023 | 3 Years 7 Months | Current |
| Ranjan Ramdas Pai | Director | 24 Oct 2024 | 1 Years 11 Months | Current |
Peer Comparison of United Breweries Limited
United Breweries Limited is compared with the companies closest to it by revenue in the Food and Beverages industry (Alcoholic Beverages). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Karnataka State Beverages Corporation Limited | ₹45,480 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Bangalore, Karnataka, India |
| Pernod Ricard India Private Limited | ₹26,937 Cr (FY 2024) | •••• | •••• | 7.0% | •••• | New Delhi, Delhi, India |
| Radico Khaitan Limited Listed | ₹17,103 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Uttar Pradesh, India |
| John Distilleries Private Limited | ₹9,447.2 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Bangalore, Karnataka, India |
| Inbrew Beverages Private Limited | ₹9,383.51 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | New Delhi, Delhi, India |
| United Breweries Limited this company | ₹9,239.94 Cr (FY 2026) | •••• | •••• | 3.6% | •••• | Bangalore, Karnataka, India |
| Carlsberg India Private Limited | ₹9,050.6 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | New Delhi, Delhi, India |
| West Bengal State Beverages Corporation Limited | ₹8,185.46 Cr (FY 2023) | •••• | •••• | -47.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below United Breweries by revenue in the Food and Beverages industry (Alcoholic Beverages), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of United Breweries Limited
United Breweries Limited is audited by Deloitte Haskins & Sells for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Deloitte Haskins & Sells | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Shareholding Pattern of United Breweries Limited
Shareholding for the quarter ended Sep 2026: promoters hold 70.80%, foreign institutional investors hold 4.90%, domestic institutional investors hold 18.90% and retail and other public shareholders hold 5.40%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 70.80% | 70.80% | 70.80% | 70.80% |
| Public | 29.20% | 29.20% | 29.20% | 29.20% |
Charges & Borrowings of United Breweries Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Dec 2005 | Citi Bank N.A. | ₹750 Cr | Open |
| 15 Jun 1992 | Union Bank of India | ₹50 Lakh | Open |
| 12 Aug 2020 | Others | ₹96 Cr | Satisfied |
| 24 Jun 2020 | Axis Bank Limited | ₹120 Cr | Satisfied |
| 21 Dec 2017 | Others | ₹150 Cr | Satisfied |
Total charge records: 54 View all charges
Legal Cases of United Breweries Limited
United Breweries Limited has 312 court cases on record: 238 filed by United Breweries, 74 filed against it. 59 cases are pending and 253 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 175 | 28 | 43 |
| District courts | 129 | 40 | 12 |
| NCLAT | 6 | 5 | 4 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 312)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Appeal | Filed by the company against Gagan-Vasu Cinelinks Private Limited | Pending |
| District court, Calcutta, West Bengal | Court case (TS) | Filed against the company by C. Mackertich Private Limited | Pending |
| High Court of Karnataka | Interim or miscellaneous application | Filed against the company by Winsome Breweries Limited | Disposed |
| NCLAT, New Delhi | Court case (Competition Appeal(AT)) | Filed by the company against Crown Beers India Private Limited and 5 others | Disposed |
| Calcutta High Court | Writ petition | Filed by the company against Andaman and Nicobar Islands Integrated Development Corporation Limited. | Disposed |
Full case history
All 312 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME Payment Delays by United Breweries Limited
United Breweries Limited has 31 MSME Form 1 returns on record between 2007 and 2024, listing 4,008 overdue payments to 737 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 737)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Rachna Fire Engineering Private Limited | •••• | •••• | •••• |
| Imerys Performance and Filtration Minerals Private Limited | •••• | •••• | •••• |
| Reliable Packaging Industries Limited | •••• | •••• | •••• |
| Ikantrol Technologies | •••• | •••• | •••• |
| Analogic Automation Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 31 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at United Breweries Limited
United Breweries Limited has a workforce of 2,258 employees as of Jan 24, 2025.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of United Breweries Limited
United Breweries has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Maltex Malsters Ltd | U15137PB1968PLC002895 | - |
Showing major subsidiaries. Total: 1.
Recent Activity on United Breweries Limited
United Breweries Limited has 70 board changes on record since 2002: 41 appointments and 29 cessations. The latest: Ranjan Ramdas Pai was appointed as Director on 24 Oct 2024.
192 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for United Breweries Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of United Breweries Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of United Breweries Limited
United Breweries has 31 GST registrations: 23 active and 8 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACU6053C1ZH | Karnataka | Active | 01 Jul 2017 |
| 29AAACU6053C4ZE | Karnataka | Active | 11 Aug 2023 |
| 02AAACU6053C1ZX | Himachal Pradesh | Active | 01 Jul 2017 |
| 03AAACU6053C1ZV | Punjab | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of United Breweries Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about United Breweries Limited
Frequently Asked Questions about United Breweries Limited
United Breweries is an active public limited company based in Bangalore, Karnataka, India. The company works in alcoholic beverage manufacturing and distribution, within the food and beverages industry. It was incorporated on 13 May 1999 (27+ years old) and is registered under CIN L36999KA1999PLC025195. Listed on BSE: 532478 and NSE: UBL.
United Breweries reported revenue of ₹9,239.94 Cr for FY 2025-26 (up 3.6% YoY) based on consolidated financials.
United Breweries has 11 current directors and KMP:
- Vivek Gupta - Managing Director
- Jorn Elimar Kersten - Whole-Time Director
- Jan Cornelis Van Der Linden - Director
- Geetu Gidwani Verma - Director
- Radovan Sikorsky - Director
- Manu Anand - Director
- Anand Thirumalachar Kripalu - Director
- Ranjan Ramdas Pai - Director
- Yolanda Sofia Talamo - Director
- Subramaniam Somasundaram - Director
- Nikhil Malpani - Company Secretary
The GSTIN of United Breweries is 29AAACU6053C1ZH, registered in Karnataka. The company has 31 GST registrations in all, of which 23 are active and 8 are cancelled or inactive. Other active GSTINs include 29AAACU6053C4ZE (Karnataka), 02AAACU6053C1ZX (Himachal Pradesh), 03AAACU6053C1ZV (Punjab).
The CIN (Corporate Identification Number) of United Breweries is L36999KA1999PLC025195. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. United Breweries is listed on both BSE (code: 532478) and NSE (symbol: UBL).
United Breweries has 312 court cases on record: 238 filed by the company and 74 filed against it. 59 are pending. Most are in the high courts.
United Breweries was incorporated on 13 May 1999, making it 27+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of United Breweries by revenue are Karnataka State Beverages Corporation Limited, Pernod Ricard India Private Limited, Radico Khaitan Limited, John Distilleries Private Limited, Inbrew Beverages Private Limited and 2 more, all in the Food and Beverages industry (Alcoholic Beverages).
Ranjan Ramdas Pai was appointed as Director on 24 Oct 2024. Christiaan August J Van Steenbergen ceased to be Director on 01 Aug 2024. Jorn Elimar Kersten was appointed as Whole-Time Director on 01 Aug 2024. United Breweries has 70 board changes on record in total.
United Breweries has 31 MSME Form 1 returns on record between 2007 and 2024, listing 4,008 overdue payments to 737 micro and small suppliers. The latest return was filed on 01 May 2024.
United Breweries can be reached through the website unitedbreweries.com. Its registered office is in Bangalore, Karnataka, India.