United Breweries share price today

United Breweries Ltd's share price was ₹1,196.90 at the close on 5 November 2026. It has been falling for 64 weeks. That is 14.2% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹1,143 and ₹1,810, and at that close it sat 8% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today United Breweries Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 13 weeks running.

Over the last 11 years the share price moved +50% while the NIFTY 500 moved +257%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 7 August 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

One change stood out: operating margin up 4 points on a year earlier.

1. Operating margin up 4 points on a year earlier

   10% in the September 2026 quarter, from 6%.

   Why: Operating margin rose because the company's changes added about Rs 100 crore to quarterly operating profit, even after it spent more on brands.

   Next results: check whether the margin holds as brand and brewery spending rises from a low base.

   From the earnings call on 28 Oct 2026.

For July to September 2026 (the quarter ended 30 September 2026), United Breweries reported revenue of ₹2,537 crore, up 23.6% from ₹2,053 crore a year earlier, and a profit of ₹135 crore, up 193.5% from ₹46.0 crore.

United Breweries results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

United Breweries' management discussed these results on a call held on 28 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

United Breweries closed at ₹1,196.90 on 5 November 2026, down 32.9% from ₹1,784.60 a year earlier (7 November 2025) and down 28.6% over five years. Its highest weekly close since February 2016 was ₹2,235.80 on 1 February 2025.

United Breweries share price: then and now

Weekly closing prices. Each change is the move from that price to the 5 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

564 weekly closes from 26 February 2016 to 5 November 2026.

5 Nov 2026: United Breweries closed at ₹1,196.90, up 1.4% on the week and up 2.5% on the month. 28 Oct 2026: United Breweries held its results call for July to September 2026. Management guided: Gross margin 43-45% over next couple quarters.

Earlier

• Results for July to September 2026: Revenue up 23.6% and profit up 193.5% on a year earlier.
• 7 Aug 2026: ex-date for a dividend of ₹10 a share.

United Breweries paid ₹10 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.84% at the ₹1,196.90 close on 5 November 2026. The last was a dividend of ₹10 a share, ex-date 7 August 2026.

United Breweries dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here.

Yes. United Breweries Ltd paid out 64% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 28 October 2026, United Breweries' management guided: Gross margin 43-45% over next couple quarters.

“Putting this together, our estimate is that these structural interventions contribute approximately 100 crore to our quarterly EBIT, while we continue to partially invest in higher commercial spend.”Radovan Sikorsky, on the call for July to September 2026

What management guided

• Full-year FY27 war-cost gross impact ₹350-400 crore.
• Q3 profitability growth to moderate sequentially versus Q2 on higher spend and cost flow-through.
• Category volume growth 6-7% absent dramatic policy shifts.
• Two canning lines on stream this quarter plus Mysore greenfield to lift own-brewery share.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 28 October 2026.

When United Breweries reports October to December 2026, these are the check that show whether the story is still on course. First: Karnataka share gain persistence beyond full-quarter policy benefit as cycling approaches - per state momentum commentary.

United Breweries is on 2 of our India lists: 52 week high & low and Small & mid cap stocks.

United Breweries Ltd earned ₹135 Cr of net profit in the Sep 2026 quarter, +193.5% on the same quarter a year earlier. Full-year FY26 profit was ₹413 Cr. Over 10 years profit has grown 3.3% a year on average. That is 5.3% of the quarter's revenue. The same quarter a year earlier earned ₹46.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹413 Cr (−6.6% on the year before).

Why profit moved: revenue changed +23.6% on a year earlier and the margin moved +4.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +73.9% and revenue +7.8%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

United Breweries Ltd reported ₹2,537 Cr of revenue in the Sep 2026 quarter, +23.6% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 10 years it has grown 6.7% a year on average. The last full year, FY26, came in at ₹9,240 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹9,927 Cr.

FY26 revenue was ₹9,240 Cr, +3.6% on the year before.

Recent pace: the last four quarters grew +7.8% on average, against 6.7% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +7.4%, against +7.8% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +31.9%, against +1.0% a year (accelerating).

United Breweries Ltd's operating margin was 10.0% in the Sep 2026 quarter, 4.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 8.0% and 18.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +3.9 percentage points on the year while gross margin changed +1.9 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

Over the last 3 years, 57% of United Breweries Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 it brought in ₹435 Cr of operating cash against ₹413 Cr of profit. After ₹832 Cr of spending on assets, free cash was −₹397 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 57% of profit came in as cash: the cash cycle got 183 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: the bigger use of cash is spending on new assets, at 1.9× depreciation over three years. The next section checks what that spending is building.

United Breweries Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 187 days in FY26, down from 370 days in FY21. It spent ₹1,351 Cr on assets over the last 3 years. Customers take 116 days to pay, and stock sits for 432 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹9,240 Cr, each day of that cycle ties up about ₹25.3 Cr, so roughly ₹4,734 Cr is tied up in the business at any time.

FY26: customers took 116 days to pay and stock sat for 432 days, about 14.2 months of sales sitting as stock, for a full cycle of 187 days, shorter than FY21's 370.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 432 days. Customers pay about 116 days after that. Suppliers are paid at 361 days. Together that makes the 187-day cycle.

Spending on assets: ₹1,351 Cr over the last 3 years, against ₹717 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹512 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

United Breweries Ltd's P/E is 72.9×, near the low end of its own history: it has been lower only 9% of the time. Its usual P/E (the middle reading) is 101.1×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹18.32.