NSE: UBL | BSE: 532478

Expensive Underperformer

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1279.40 -4.80 (-0.37%)

High volume today

NSE 04 Sep, 2026 3:31 PM (IST)

33,828

Market Cap

High in industry

Beta 1Year

Very Low volatility

Positive Outlook

UBL MD & CEO aims to raise premium beer’s revenue share to 20%, led by demand for its offerings See details

United Breweries Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for UBL, BSE:532478 United Breweries Ltd.

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United Breweries Ltd.

05 Aug 2026, 12:00AM

1279.40

-0.37%

Steady performance; focusing on margin recovery

Neutral: United Breweries Ltd.

Target

Motilal Oswal

United Breweries (UBBL) reported 7% YoY revenue growth (est. +9%, -3% in 4QFY26), driven by 9% volume growth (est. +8%).

United Breweries has lost -30.06% in the last 1 Year

United Breweries Ltd.

06 May 2026

1279.40

-0.37%

Weak performance; near-term pressure on margins

Neutral: United Breweries Ltd.

Target

Motilal Oswal

United Breweries (UBBL) reported a 3% YoY decline in revenue (est. +7%, +4% in 3Q), despite 4% volume growth. Secondary volume growth was healthy at 8–9% YoY.

Number of FII/FPI investors decreased from 180 to 159 in Jun 2026 qtr

United Breweries Ltd.

11 Feb 2026

1279.40

-0.37%

All eyes on seasonal pickup; annual margins to expand steadily

Neutral: United Breweries Ltd.

Target

Motilal Oswal

United Breweries (UBBL) reported a 4% YoY revenue growth in 3QFY26 (est. +1%). However, volumes dipped 1% YoY (est. -1%; +8% in 3QFY25) due to higher excise duties in some states, affordability pressures, and an early winter.

United Breweries Ltd. has an average target of 1400.00 from 1 broker.

United Breweries Ltd.

24 Jul 2025

1279.40

-0.37%

United Breweries (HOLD): Premium sales and margin targets are stretched

Hold: United Breweries Ltd.

Target

BOB Capital Markets Ltd.

Sales were above consensus while EBITDA was lower due to interstate taxes and weakness in high margin region of Karnataka

United Breweries Ltd. has an average target of 1400.00 from 1 broker.

United Breweries Ltd.

23 Jul 2025

1279.40

-0.37%

Beat in volume growth; pressure on margins

Neutral: United Breweries Ltd.

Motilal Oswal

United Breweries (UBBL) delivered strong revenue growth of 16% YoY (est. 10%) in 1QFY26. Volume growth was 11% YoY (est. 4%, 5% in 4Q, 6% in FY25), aided by share gain and a low base from the election-impacted
quarter last year.

Number of FII/FPI investors decreased from 180 to 159 in Jun 2026 qtr

United Breweries Ltd.

23 Jul 2025

1279.40

-0.37%

Strong Q1 volumes led by share gains, but margins disappoint; Buy

Buy: United Breweries Ltd.

Target

Anand Rathi

Market share gains, the lower base (owing to elections) and sustained premiumisation drove an 11% rise in United Breweries’ volumes in Q1 (above the Street’s 5-7% estimate).

United Breweries Ltd. is trading at high day volume of 352.9K.

United Breweries Ltd.

08 May 2025

1279.40

-0.37%

Cost savings drive margin beat; rich valuation

Neutral: United Breweries Ltd.

Motilal Oswal

United Breweries (UBBL) delivered revenue growth of 9% YoY (est. 10%) in 4QFY25. Volume growth was 5% YoY (est. 8%). The Premium portfolio continued to deliver strong performance, posting 24% YoY growth in 4Q (32% in FY25).

United Breweries Ltd. is trading below all available SMAs

United Breweries Ltd.

06 May 2025

1279.40

-0.37%

[Initiation] United Breweries (HOLD): Positive outlook, but premium targets are stretched Hold

Hold: United Breweries Ltd.

BOB Capital Markets Ltd.

UB will hold share in non-premium, grow in premium. Double digit sales growth and 340bps EBITDA margin expansion between FY25-FY27

United Breweries has lost -30.06% in the last 1 Year

United Breweries Ltd.

14 Feb 2025

1279.40

-0.37%

Premiumization trend continues; uncertainty on margins

Neutral: United Breweries Ltd.

Recommendation Target

Motilal Oswal

United Breweries (UBBL) delivered revenue growth of 10% YoY (est. 12%), aided by policy changes in Andhra Pradesh (AP). Volume growth was 8% YoY (est. 6%).

United Breweries Ltd. is trading at high day volume of 352.9K.

United Breweries Ltd.

11 Feb 2025

1279.40

-0.37%

Telangana price hike to add to seasonal upswing; retaining a Buy

Buy: United Breweries Ltd.

Target

Anand Rathi

Telangana (15% of UB’s revenue) announced a 15% price hike for beer, marking the first hike since FY20. This and strong seasonal demand (on a lower base), cost-saving steps and consistent capability building efforts augur well for the future.

United Breweries Ltd. has an average target of 1400.00 from 1 broker.

Is United Breweries Ltd. worth buying?

213 Votes:

Buy 76.53%

Sell 15.96%

Hold 7.51%

RESEARCH REPORTS

Neutral SEE REPORTS >

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Neutral SEE REPORTS >

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