United Breweries announced Q1FY24 results: Q1FY24 volumes impacted by RTM changes, supply challenges & lower inter-state sales. Q1FY24 volumes down 12%, with a strong recovery at quarter end. Q1FY24 EBITDA of Rs 233 crore, down 15% YoY Q1FY24 EBITDA margin at 8%, down 95 bps YoY, up 718 bps QoQ, given the increased focus on profitable growth across our footprint. Capex during Q1FY24 was Rs 45 crore, primarily in supply chain initiatives. Result PDF