United Breweries Results Analysis

Q4FY25 – Net Sales Rs. 2,321 Cr. 9% Growth YoY (volumes growing at 5% despite temporary suspension in Telangana & duty structure changes in Karnataka), EBITDA Rs. 194 Cr. 15% Growth YoY, EBITDA margin 8.4% 46 bps Growth YoY, Profit before tax (PBT) Rs. 132 Cr. 21% Growth YoY, Profit after tax (PAT) Rs. 97 Cr. 20% Growth YoY. FY25 – Net Sales Rs. 8,907 Cr. 10% Growth YoY, EBITDA Rs. 875 Cr. 14% Growth YoY, EBITDA margin 9.8% 36 bps Growth YoY, Profit before tax (PBT) Rs. 603 Cr. 10% Growth YoY, Profit after tax (PAT) Rs. 441 Cr. 8% Growth YoY. Volumes are up 6%, with premium growing 32%, driven by consistent growth each quarter. The Board declared Final dividend of Rs. 10 per Equity Share.