UNITED BREWERIES Results Analysis-Q2FY2027

Financial performance and key operating metrics (Standalone) : Operating Revenue for Q2FY27 is Rs. 4,622 Crs., 23.7% growth YoY, Net Operating Revenue is Rs. 2,536 Crs., 23.6% growth YoY, Total Income is Rs. 4,663 Crs., 24.32% growth YoY, Gross Profit is Rs. 1,134 Crs., 29.2% growth YoY, EBITDA is Rs. 260 Crs., 99.8% growth YoY, EBITDA Margin is 10.25% improved by 391 Basis points YoY, PBT Rs. 184 Crs., 176.3% growth YoY, PAT Rs. 136 Crs., 189.5% growth YoY. But On QoQ basis Op. Revenue is down by 21.9%, Net Op. Revenue is down by 17.3%, Total Income is down by 21.9%, EBITDA is down by 8.04%, PBT is down by 18.2% PAT is also down by 18.3%. Key reported outcomes (YoY): Volumes +16%, Net sales +24%, Premium portfolio +38%; “Ultra portfolio” +44% Current production from own breweries: ~70–75% (seasonally variable). UBL “onboarded eight additional CDUs” to ensure capacity where volume accelerates. Capacity additions: “two new canning lines… coming up this quarter” and continued investment in Greenfield to structurally support own-brewery volumes over time. Expect commercial investments to rise, and raw material costs (e.g., sugar) to flow through, so “profitability growth to moderate sequentially versus this quarter.”