- 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 among India's richest people (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. It is a listed company as per MCA records. 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 2026. 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 365 cases involving the company, including 264 filed by the company and 101 filed against it; 73 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.
Company details
Name history
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
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
Contact details
United Breweries Limited's registered office is in Bangalore, Karnataka. Its website is unitedbreweries.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUbtower Ubcity 24 Vittalmallyaroad, Bangalore, Karnataka, India – 560001
- IndustryFood and Beverages, Alcoholic Beverage Manufacturing & Distribution
To see the full contact details of United Breweries Limited, buy the company report.
- 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
Brands
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
The main business activity of United Breweries is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of United Breweries Limited, buy the company report.
Financials of United Breweries Limited
FY 2025-26 filings availableUnited 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 |
To see the full year-wise statements and ratios of United Breweries Limited, buy the company report.
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 8 Months | Current |
| Ranjan Ramdas Pai | Director | 24 Oct 2024 | 1 Years 11 Months | Current |
Peer comparison
United Breweries Limited is compared with the 5 companies closest to it by revenue in the Food and Beverages industry (Alcoholic Beverages), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pernod Ricard India Private Limited | ₹26,937 Cr (FY 2024) | 7.0% | New Delhi, Delhi, India | |||
| Radico Khaitan Limited | ₹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 Limitedthis company | ₹9,239.94 Cr (FY 2026) | ₹341.8 Cr | 3.7% | 3.6% | 2,258 | Bangalore, Karnataka, India |
| Carlsberg India Private Limited | ₹9,050.6 Cr (FY 2025) | 13.0% | New Delhi, Delhi, India |
To see the full peer comparison of United Breweries Limited, buy the company report.
Auditor
United Breweries Limited is audited by Deloitte Haskins & Sells for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells | FY 2024 | 008072S |
Shareholding
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
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Dec 2005 | 80018044 | Citi Bank N.A. | ₹750 Cr | Open | |
| 15 Jun 1992 | 90303586 | Union Bank of India | ₹50 Lakh | Open | |
| 12 Aug 2020 | 100364410 | Others | ₹96 Cr | Satisfied | |
| 24 Jun 2020 | 100351492 | Axis Bank Limited | ₹120 Cr | Satisfied | |
| 21 Dec 2017 | 100146925 | Others | ₹150 Cr | Satisfied |
To see the full charge records of United Breweries Limited, buy the company report.
Total charge records: 54 View all charges
Legal cases
United Breweries Limited has 365 court cases on record: 264 filed by United Breweries, 101 filed against it. 73 cases are pending and 292 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 197 | 37 | 48 |
| District courts | 153 | 55 | 21 |
| Supreme Court | 9 | 4 | 0 |
| NCLAT | 6 | 5 | 4 |
Cases on record (5 of 365)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, KARNATAKA | Appeal | Filed by the company against Gagan Vasu Cinelinks Private Limited and 4 others | Pending |
| High Court, THE DADRA AND NAGAR HAVELI AND DAMAN AND DIU | Writ petition | Filed against the company by Blossom Industries Ltd. | Disposed |
| High Court | Interim or miscellaneous application | Filed against the company by M/S Winsome Breweries Limited | Disposed |
| District court, Bhopal, Madhya Pradesh | Court case (RCS A) | Filed against the company by Som Distilleries and Breweries Limited Rajesh Kumar Dubey | Disposed |
| District court, Coimbatore, Tamil Nadu | Petition | Filed against the company by individuals | Pending |
To see the full case history of United Breweries Limited, buy the company report.
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.
Credit ratings & regulatory alerts
United Breweries Limited was last rated by Icra on 21 Oct 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 21 Oct 2020 |
To see the full credit ratings and regulatory alerts of United Breweries Limited, buy the company report.
MSME payment delays
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 |
To see the full MSME payment records of United Breweries Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
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 |
To see the full group structure of United Breweries Limited, buy the company report.
Employees & EPFO
United Breweries Limited has a workforce of 2,258 employees on its EPFO records as of Jan 24, 2025, across 22 active EPFO establishments.
GST
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 |
To see the full GST registrations and return filing status of United Breweries Limited, buy the company report.
Recent activity
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 in the company report.
News
Frequently asked questions
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 latest financial statements of United Breweries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 07 August 2025. Year-wise statements from 2015 are in the company report.
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 a listed company as per MCA records. Its shares are listed on both BSE (code: 532478) and NSE (symbol: UBL).
United Breweries has 365 court cases on record: 264 filed by the company and 101 filed against it. 73 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 Pernod Ricard India Private Limited, Radico Khaitan Limited, John Distilleries Private Limited, Inbrew Beverages Private Limited, Carlsberg India Private Limited, all in the Food and Beverages industry (Alcoholic Beverages), with the same principal business activity (food, beverages and tobacco products).
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.