United Breweries Ltd. News and Updates

Name: Latest research reports of United Breweries Ltd. authored by Dolat Capital and published by - Trendlyne research reports.
Item: United Breweries Ltd.
Rating: 5
Author: Dolat Capital

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United Breweries Ltd.

25 Jun 2020

1796.80

1.23%

United Brewerie

Buy: United Breweries Ltd.

Dolat Capital

margin improved YoY by 40bps to 50.9% led by low-base of Q4FY19. The decline in EBITDA/APAT would have been even more severe but for favorable base. Q4FY19 EBITDA/APAT were -17.8/-25.3% YoY. After healthy operating performance over FY17-19, for second consecutive year UBLs performance is expected to be subdued due to loss of key season on account of Covid and steep excise increases by state government. Q1/H1 accounts for ~40/65% of its PAT. We like UBL owing to (a) strong volume growth potential of beer in...

Number of FII/FPI investors decreased from 334 to 322 in Jun 2025 qtr

United Breweries Ltd.

25 Jun 2020

1796.80

1.23%

Worsening outlook, expensive valuations; Maintain Sell

Sell: United Breweries Ltd.

Recommendation Target

Motilal Oswal

Management stated on the call that Apr20 sales were negligible, May20 sales were down 6070% YoY, and Jun20 sales (while relatively better than May) are a long way off from normal. Moreover, management further stated home delivery is unlikely to have a significantly positive impact in the current year due to models being in the early stages. Additionally, the surge witnessed in demand in off-trade outlets in the first few days following the resumption of operations in a few states has tapered off significantly. It also increasingly appears that bars, restaurants, and pubs (20% of sales) would re-open only in 2HFY21. expansion to a combination of positive price/mix and more stable input costs. Employee costs were up 140bp YoY to 9% of sales and other expenses 20bp YoY to 32.6%. Consequently, standalone EBITDA margins for 4QFY20 were In FY20, sales/EBITDA/PAT registered growth of +0.5%/-23.1%/-24% YoY.

United Breweries Ltd. is trading below all available SMAs

United Breweries Ltd.

25 Jun 2020

1796.80

1.23%

United Breweries

Buy: United Breweries Ltd.

Target

ICICI Securities Limited

Current weakness in the beer sector comes amid a weak base in FY20 (impacted by general elections in Q1, policy changes in AP, Covid impact in Q4). UBL's FY20 volumes de-grew 4% YoY. We expect FY21E to follow suit due to a shutdown in various states in April, May (peak summer season), lower disposable income, restrictions on social gatherings and excise hikes across states. However, with further opening up of the economy, we expect the situation to normalise in medium to long term. Any intervention by state governments to lower excise impact on the beer sector (excise calculation...

United Breweries Ltd. has an average target of 2164.67 from 3 brokers.

United Breweries Ltd.

08 Jun 2020

1796.80

1.23%

Hot Stocks | Here's why UBL, GAIL can give up to 12% return in short term

Moneycontrol

Technically, last Monday's gap up opening turned out to be a game-changer for the bulls. Because After the April month's ecstatic move, the month of May started with some negativity which got reversed with such a bounce.

United Breweries Ltd. has an average target of 2164.67 from 3 brokers.

United Breweries Ltd.

07 May 2020

1796.80

1.23%

LG Polymer: What India should know about the company behind Vizag gas leak

Business Standard

The Korean company took over erstwhile Hindustan Polymers in 1997 from its then owner United Breweries Group

Number of FII/FPI investors decreased from 334 to 322 in Jun 2025 qtr

United Breweries Ltd.

14 Apr 2020

1796.80

1.23%

Too early to say cheers: Liquor stocks face risks over extended lockdown

Business Standard

A sharp rise in excise duty could hurt liquor volumes. UBS has slashed its target price for UBL and UNSP by 20-23 per cent following 12-27 per cent cut in FY21 earnings estimates

United Breweries Ltd. is trading below all available SMAs

United Breweries Ltd.

12 Feb 2020

1796.80

1.23%

Accumulate United Breweries; target of Rs 1476: Dolat Capital

Moneycontrol

Dolat Capital recommended accumulate rating on United Breweries with a target price of Rs 1476 in its research report dated February 10, 2019.

United Breweries Ltd. is trading below all available SMAs

United Breweries Ltd.

08 Feb 2020

1796.80

1.23%

Volumes disappoint, expensive valuations limit upside

Neutral: United Breweries Ltd.

Target

Motilal Oswal

8 February 2020 United Breweries' (UBBL) 7% volume decline in 3QFY20 was a disappointment; however, margin impact was restricted. Thus, despite EBITDA declining 10.6% YoY, it was in line. Rich valuations, the CCI price fixing issue overhang and uncertainty over it further worsening in Andhra Pradesh (AP) due to prohibition fears prevent us from turning constructive on the stock. EBITDA declined 10.6% YoY to INR2.2b (v/s est. PBT declined 20% YoY to INR1.4b (v/s est.

United Breweries Ltd. is trading below all available SMAs

United Breweries Ltd.

07 Feb 2020

1796.80

1.23%

United Brewerie Consolidated December 2019 Net Sales at Rs 1,454.83 crore, up 0.21% Y-o-Y

Moneycontrol

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Number of FII/FPI investors decreased from 334 to 322 in Jun 2025 qtr

United Breweries posts Q3 net profit at Rs 107 cr

Moneycontrol | 06 Feb 2020

United Breweries Ltd.

07 Feb 2020

1796.80

1.23%

United Breweries

Buy: United Breweries Ltd.

ICICI Securities Limited

Volumes stumble in Q3 but expected to regain momentum During 9MFY20, UBL grew its volumes by 2% against H1 growth at 6%, due to several factors such as an economic slowdown, supply chain disruption due to extra rainfall in few states (in October) and new excise regime in AP. However, with stabilisation of the Andhra pipeline and expected price hikes in few other states, the revenue profile is expected to pick up. We expect the market share for UBL to move a little higher to 53% of the beer industry in FY21E and FY22E. Further, the management expects single digit growth in...