United Breweries Limited — Quarter and year ended March 31, 2026 (Board meeting outcome dated May 05, 2026)
| Particulars | Quarter ended March 31, 2026 (Unaudited, Refer note 10) |
Quarter ended December 31, 2025 (Unaudited) |
Quarter ended March 31, 2025 (Unaudited, Refer note 10) |
Year ended March 31, 2026 (Audited) |
Year ended March 31, 2025 (Audited) |
|---|---|---|---|---|---|
| 1 INCOME | |||||
| (a) Revenue from operations (gross of excise duty) | 4,40,614 | 3,93,563 | 4,42,553 | 17,45,621 | 19,40,080 |
| (b) Other income | 782 | 1,085 | 785 | 4,463 | 3,570 |
| Total income | 4,41,396 | 3,94,648 | 4,43,338 | 17,50,084 | 19,43,650 |
| 2 EXPENSES | |||||
| (a) Cost of materials consumed | 1,11,443 | 1,26,374 | 1,26,051 | 5,00,444 | 4,94,565 |
| (b) Purchase of traded goods | 5,666 | 8,320 | 5,807 | 30,477 | 18,174 |
| (c) Changes in inventories of finished goods, work-in-progress and stock-in-trade | 5,581 | (21,490) | 2,555 | (13,222) | (5,057) |
| (d) Excise duty on sale of products | 2,15,834 | 1,86,427 | 2,10,417 | 8,22,355 | 10,49,345 |
| (e) Employee benefits expense | 14,217 | 14,230 | 13,911 | 55,836 | 51,646 |
| (f) Contract employee expense | 5,213 | 3,727 | 5,080 | 19,852 | 19,666 |
| (g) Finance costs | 2,904 | 1,686 | 587 | 7,172 | 1,285 |
| (h) Depreciation and amortisation expense | 7,591 | 6,888 | 5,666 | 27,161 | 23,269 |
| (i) Other expenses | 68,746 | 53,427 | 60,109 | 2,49,351 | 2,27,846 |
| Total expenses | 4,37,195 | 3,79,589 | 4,30,183 | 16,99,426 | 18,80,739 |
| 3 Profit before exceptional items and tax | 4,201 | 15,059 | 13,155 | 50,658 | 62,911 |
| 4 Exceptional items (refer Note 6,7 and 8) | 7,404 | (1,873) | – | 5,531 | (2,576) |
| 5 Profit before tax | 11,605 | 13,186 | 13,155 | 56,189 | 60,335 |
| 6 Tax expense | |||||
| (a) Current tax | 2,015 | 5,354 | 3,680 | 16,352 | 17,679 |
| (b) Deferred tax credit | (577) | (251) | (263) | (1,479) | (1,461) |
| Total tax expense | 1,438 | 5,103 | 3,417 | 14,873 | 16,218 |
| 7 Profit for the period/year | 10,167 | 8,083 | 9,738 | 41,316 | 44,117 |
| 8 Other comprehensive income (OCI) | |||||
| Items that will not be reclassified to profit or loss in subsequent periods | |||||
| Re-measurement gains on defined benefit plans | (600) | 70 | (105) | 1,258 | 320 |
| Income tax effect on above | 151 | (18) | 26 | (317) | (81) |
| Total other comprehensive (loss)/income, net of taxes | (449) | 52 | (79) | 941 | 239 |
| 9 Total comprehensive income for the period/year | 9,718 | 8,135 | 9,659 | 42,257 | 44,356 |
| 10 Paid up equity share capital (Face value of Re. 1 each) | 2,644 | 2,644 | 2,644 | 2,644 | 2,644 |
| 11 Other equity | 4,49,087 | 4,33,271 | |||
| 12 Earnings per equity share in Rs. (nominal value per share Re. 1) | |||||
| (a) Basic | 3.85 | 3.06 | 3.69 | 15.63 | 16.69 |
| (b) Diluted | 3.85 | 3.06 | 3.69 | 15.63 | 16.69 |
| Particulars | As at March 31, 2026 Audited |
As at March 31, 2025 Audited |
|---|---|---|
| ASSETS | ||
| Non-current assets | ||
| (a) Property, plant and equipment (including right-of-use assets) | 2,03,565 | 1,73,289 |
| (b) Capital work-in-progress | 50,919 | 25,097 |
| (c) Other Intangible assets | 534 | 737 |
| (d) Financial assets | ||
| (i) Investments | 1,539 | 1,550 |
| (ii) Other financial assets | 5,923 | 4,164 |
| (e) Deferred tax asset (net) | 7,829 | 6,667 |
| (f) Income tax assets (net) | 27,655 | 22,586 |
| (g) Other non-current assets | 48,092 | 42,251 |
| Total Non-current assets | 3,46,056 | 2,76,341 |
| Current assets | ||
| (a) Inventories | 2,14,791 | 1,61,493 |
| (b) Financial assets | ||
| (i) Trade receivables | 2,94,309 | 2,86,011 |
| (ii) Cash and cash equivalents | 45,978 | 34,100 |
| (iii) Bank balances other than (ii) above | 11,148 | 9,367 |
| (iv) Other financial assets | 304 | 950 |
| (c) Other current assets | 55,509 | 52,414 |
| (d) Assets held for sale | – | 486 |
| Total Current assets | 6,22,039 | 5,44,335 |
| Total assets | 9,68,095 | 8,21,162 |
| EQUITY AND LIABILITIES | ||
| Equity | ||
| (a) Equity share capital | 2,644 | 2,644 |
| (b) Other equity | 4,49,087 | 4,33,271 |
| Total Equity | 4,51,731 | 4,35,915 |
| Liabilities | ||
| Non-current liabilities | ||
| (a) Financial liabilities | ||
| (i) Lease liabilities | 10,880 | 3,569 |
| (ii) Other financial liabilities | 1,057 | 2,040 |
| (b) Provisions | 1,220 | 1,403 |
| Total Non-current liabilities | 13,157 | 7,012 |
| Current liabilities | ||
| (a) Financial liabilities | ||
| (i) Borrowings | 1,17,526 | 57,485 |
| (ii) Lease liabilities | 3,247 | 944 |
| (iii) Trade payables | ||
| – Total outstanding dues to micro and small enterprises | 13,437 | 12,623 |
| – Total outstanding dues of creditors other than micro and small enterprises | 1,66,410 | 1,33,688 |
| (iv) Other financial liabilities | 79,357 | 68,673 |
| (b) Other current liabilities | 1,11,613 | 91,622 |
| (c) Provisions | 11,617 | 13,200 |
| Total Current liabilities | 5,03,207 | 3,78,235 |
| Total liabilities | 5,16,364 | 3,85,247 |
| Total equity and liabilities | 9,68,095 | 8,21,162 |
| Particulars | Year ended March 31, 2026 | Year ended March 31, 2025 |
|---|---|---|
| Audited | Audited | |
| A Cash flow from operating activities | ||
| Profit before tax | 56,189 | 60,335 |
| Adjustments for: | ||
| Depreciation and amortisation expense | 27,161 | 23,269 |
| Deemed capital contribution – share based payments | – | 593 |
| Advances written off | 2 | – |
| Loss allowance for trade receivables | 460 | 1,099 |
| Provision for doubtful advances | – | 11 |
| Unrealised foreign exchange differences (net) | 197 | 61 |
| Net loss on sale of property, plant and equipment | 3 | (4) |
| Liabilities or provisions no longer required written back | (679) | – |
| (Gain) on sale of property, plant and equipment (included under exceptional items) | (7,404) | – |
| Interest expense | 6,805 | 1,208 |
| Interest income on bank deposits | (2,082) | (1,841) |
| Dividend income on investment in subsidiary company | (23) | (23) |
| Operating profits before working capital changes | 80,629 | 84,708 |
| Changes in working capital: | ||
| Changes in Inventories | (53,298) | (24,848) |
| Changes in Trade receivables | (8,615) | (55,858) |
| Changes in Other financial assets | (1,428) | (354) |
| Changes in Other bank balances | (1,610) | (1,985) |
| Changes in Other assets | (5,978) | (3,381) |
| Changes in Trade payables | 32,279 | 50,951 |
| Changes in Other financial liabilities | 3,526 | (21,655) |
| Changes in Other current liabilities and provisions | 19,483 | 12,754 |
| Cash generated from operations | 64,988 | 40,332 |
| Direct taxes paid | (21,421) | (19,133) |
| Net cash from operating activities (A) | 43,567 | 21,199 |
| B Cash flow from investing activities | ||
| Purchase of property, plant and equipment including capital work-in-progress, intangible assets and capital advances | (51,106) | (25,478) |
| Proceeds from sale of property, plant and equipment | 7,909 | 14 |
| Proceeds from sale of investments | 11 | 12 |
| Investments in bank deposits | (448) | (209) |
| Redemption/maturity of bank deposits | 494 | 83 |
| Interest received | 2,180 | 1,872 |
| Dividend received from subsidiary company | 23 | 23 |
| Net cash used in investing activities (B) | (40,937) | (23,683) |
| C Cash flow from financing activities | ||
| Payment of lease liabilities | (20,541) | (953) |
| Proceeds from short-term borrowings (net) | 60,041 | 49,744 |
| Interest paid | (5,455) | (614) |
| Dividend paid to equity shareholders | (24,872) | (24,456) |
| Net cash from financing activities (C) | 9,173 | 23,721 |
| Net increase in cash and cash equivalents (A+B+C) | 11,803 | 21,237 |
| Cash and cash equivalents at the beginning of the year | 34,100 | 12,863 |
| Effect of exchange differences on translation of foreign currency cash and cash equivalents | 75 | – |
| Cash and cash equivalents at the end of the year | 45,978 | 34,100 |
| Particulars | March 31, 2026 | March 31, 2025 |
|---|---|---|
| Cash on hand | 2 | 1 |
| Bank balances on current accounts | 18,168 | 12,249 |
| Bank balances on deposit accounts with original maturity of three months or less | 27,808 | 21,850 |
| Total cash and cash equivalents as per standalone statement of assets and liabilities | 45,978 | 34,100 |
| Particulars | Quarter ended March 31, 2026 Unaudited (Refer note 10) |
Quarter ended December 31, 2025 Unaudited |
Quarter ended March 31, 2025 Unaudited (Refer note 10) |
Year ended March 31, 2026 Audited |
Year ended March 31, 2025 Audited |
|---|---|---|---|---|---|
| 1 INCOME | |||||
| (a) Revenue from operations (gross of excise duty) | 4,40,841 | 3,93,699 | 4,42,715 | 17,46,349 | 19,40,854 |
| (b) Other income | 815 | 1,109 | 801 | 4,517 | 3,590 |
| Total income | 4,41,656 | 3,94,808 | 4,43,516 | 17,50,866 | 19,44,444 |
| 2 EXPENSES | |||||
| (a) Cost of materials consumed | 1,11,271 | 1,26,181 | 1,25,839 | 4,99,731 | 4,93,673 |
| (b) Purchase of traded goods | 5,666 | 8,320 | 5,807 | 30,477 | 18,174 |
| (c) Changes in inventories of finished goods, work-in-progress and stock-in-trade | 5,635 | (21,556) | 2,527 | (13,252) | (4,996) |
| (d) Excise duty on sale of products | 2,15,834 | 1,86,427 | 2,10,417 | 8,22,355 | 10,49,345 |
| (e) Employee benefits expense | 14,336 | 14,363 | 14,058 | 56,365 | 52,180 |
| (f) Contract employee expense | 5,213 | 3,727 | 5,080 | 19,852 | 19,666 |
| (g) Finance costs | 2,904 | 1,686 | 588 | 7,172 | 1,286 |
| (h) Depreciation and amortisation expense | 7,601 | 6,896 | 5,677 | 27,199 | 23,298 |
| (i) Other expenses | 68,968 | 53,662 | 60,316 | 2,50,269 | 2,28,731 |
| Total expenses | 4,37,428 | 3,79,706 | 4,30,309 | 17,00,168 | 18,81,357 |
| 3 Profit before exceptional items and tax | 4,228 | 15,102 | 13,207 | 50,698 | 63,087 |
| 4 Exceptional items (refer Note 6,7 and 8) | 7,404 | (1,873) | – | 5,531 | (2,576) |
| 5 Profit before tax | 11,632 | 13,229 | 13,207 | 56,229 | 60,511 |
| 6 Tax expense | |||||
| (a) Current tax | 2,022 | 5,363 | 3,693 | 16,368 |