# United Breweries share price today (United Breweries Ltd, NSE: UBL)

> United Breweries share price today: ₹1,189.80 at the NSE close on 3 November 2026, down 33.8% in a year. United Breweries (NSE: UBL) is worth ₹31,467 crore, trades at a P/E of 72.4 and has closed between ₹1,142.60 and ₹1,810.20 over the past 52 weeks. > United Breweries Ltd's share price has fallen more than its earnings. Earnings per share fell 6.5% in a year while the price moved −33.8%. UBL · Alcoholic Beverages · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/united-breweries-ltd

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹1,189.80 (−33.8% in a year)
- P/E: 72.4× (lower than 92% of the last 11 years)
- Revenue (Sep 2026): ₹2,537 Cr (+23.6% on a year ago)
- Profit (Sep 2026): ₹135 Cr (+193.5% on a year ago)
- Operating margin: 10.0% (+4.0 points on a year ago)
- ROCE: 11%, FY26
- ROIC: 8.1%, against a 12.0% cost of capital: −3.9 points

The main question: profits are rising, but only 57% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the United Breweries share price today? United Breweries Ltd's share price was ₹1,189.80 at the close on 3 November 2026. It has been falling for 64 weeks. That is 15.2% 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 7% of the way up from that low. 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 +49% 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. ## What changed at United Breweries this quarter? 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. ## What are United Breweries' latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹2,537 crore | ₹2,053 crore | +23.6% |
| Profit | ₹135 crore | ₹46.0 crore | +193.5% |
| Earnings per share | ₹5.12 | ₹1.76 | +190.9% |
| Operating margin | 10.0% | 6.0% | +4.0 points |

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.)

## What is the United Breweries share price history? United Breweries closed at ₹1,189.80 on 3 November 2026, down 33.8% from ₹1,797.40 a year earlier (31 October 2025) and down 29.0% 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

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹1,142.60 | +4.1% |
| 1 month ago · 1 Oct 2026 | ₹1,188.80 | +0.1% |
| 6 months ago · 30 Apr 2026 | ₹1,458.60 | −18.4% |
| 1 year ago · 31 Oct 2025 | ₹1,797.40 | −33.8% |
| 3 years ago · 3 Nov 2023 | ₹1,613.15 | −26.2% |
| 5 years ago · 4 Nov 2021 | ₹1,675.20 | −29.0% |
| 10 years ago · 4 Nov 2016 | ₹876.65 | +35.7% |
| Earliest weekly close in our records · 26 Feb 2016 | ₹800.55 | +48.6% |
| Highest weekly close since February 2016 · 1 Feb 2025 | ₹2,235.80 | −46.8% |
| Lowest weekly close since February 2016 · 24 Jun 2016 | ₹718.65 | +65.6% |
| 52-week high (weekly close) · 14 Nov 2025 | ₹1,810.20 | −34.3% |
| 52-week low (weekly close) · 23 Oct 2026 | ₹1,142.60 | +4.1% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (564 weekly closes from 26 February 2016 to 3 November 2026.)

## What is the latest news on United Breweries? 3 Nov 2026: United Breweries closed at ₹1,189.80, up 4.1% on the week and up 0.1% 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. ## What dividend does United Breweries pay? United Breweries paid ₹10 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.84% at the ₹1,189.80 close on 3 November 2026. The last was a dividend of ₹10 a share, ex-date 7 August 2026. ### United Breweries dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 7 Aug 2026 | ₹10 | Dividend |
| 31 Jul 2025 | ₹10 | Dividend |
| 25 Jul 2024 | ₹10 | Dividend |
| 3 Aug 2023 | ₹7.50 | Dividend |
| 2 Aug 2022 | ₹10.50 | Dividend |
| 1 Jul 2021 | ₹0.50 | Dividend |

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. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## What did United Breweries management say on the latest results call? 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](https://files.tijoristack.ai/concall/transcript/4454-28-Oct-2026.pdf). (From the call for July to September 2026, 28 October 2026.)

## What to watch in United Breweries' next results? 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. | What to check | Why |
| --- | --- |
| Karnataka share gain persistence beyond full-quarter policy benefit as cycling approaches - per state momentum commentary. | From the call |

## Which stock lists is United Breweries on? United Breweries is on 2 of our India lists: 52 week high & low and Small & mid cap stocks. - [52 week high & low 52-week position: Near 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)
- [Small & mid cap stocks Size rank in India: 270](https://www.sectoralpha.in/small-cap-stocks-india)

## Is United Breweries profitable? 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. 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. ## How much revenue does United Breweries make, and is it growing? 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. 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). ## How much of every ₹100 of sales does United Breweries keep? 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. 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. ## Is United Breweries' profit turning into cash? 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. 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. ## Where does United Breweries' cash go? 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. 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. ## What is United Breweries' P/E ratio, and how does it compare with its own history? United Breweries Ltd's P/E is 72.4×, near the low end of its own history: it has been lower only 8% of the time. Its usual P/E (the middle reading) is 102.0×, 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. 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. Why the multiple is where it is: over the past year earnings per share moved −6.5% while the price moved −33.8%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved −6.6% a year; about +5.4% a year came from earnings growth and about −12.0 percentage points from the multiple (the market paying less); over 10 years the price moved +3.1% a year; about +4.7% a year came from earnings growth and about −1.6 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the United Breweries business getting better or worse? United Breweries Ltd's business is giving mixed signals. There is no clear direction across the growth lines, with ROCE steady at 15.6%; each line tells part of the story. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does United Breweries earn on its capital? United Breweries Ltd earned a ROCE of 11% in FY26. That is up from a low of 5% in FY21. Its return on capital used (ROIC) is 3.9 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 4.5% net margin and 0.95× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 4.5% net margin × 0.95× asset turnover × 2.14× leverage (assets divided by equity) ≈ 9.1% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 8.1% − 12.0% = −3.9 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does United Breweries have too much debt? United Breweries Ltd has total debt of ₹1,119 Cr against shareholder equity of ₹4,566 Cr as of Sep 2026, so its debt is 0.25× its equity, which is very little. Year by year, that ratio went from 0.00 in FY22 to 0.29 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the United Breweries shareholding pattern? No group of United Breweries Ltd's owners changed its stake by a full percentage point over the last two years. Domestic institutions moved +0.6 points over the same period, to 17.3%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: −0.9 points over 8 quarters, to 5.4%; Domestic institutions: +0.6 points over 8 quarters, to 17.3%; Promoters: +0.0 points over 8 quarters, to 70.8%. ## How far is United Breweries from balance-sheet trouble? For United Breweries Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does United Breweries rank in its industry? 47.6 out of 100, rank 10 of 16 in Alcoholic Beverages, with 83% of the evidence available. United Breweries Ltd scores 47.6 out of 100 against the 16 companies it is compared with in Alcoholic Beverages, ranking 10. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 22.4 + 10.9 + 9 + 5.3 = 47.6. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is United Breweries compared with? United Breweries ranks 10 of 16 Alcoholic Beverages companies on the 4-Factor Sector Score, with 47.6 out of 100. 1. [Radico Khaitan Ltd](https://www.sectoralpha.in/stocks/radico-khaitan-ltd) RADICO · losing its lead · Most evidence points up · 100% evidence 71.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.5/35 · Revenue 15.8% · Profit 73.8% · Operating margin change 4 points · 100% evidence Capital efficiency 22.1/25 · ROCE 24.2% · Operating margin 20% · 100% evidence Valuation 7.0/20 · P/E 68.2× · PEG 1.91 · 100% evidence Relative strength 11.9/20 · Lead over its industry 21.6% · Lead over NIFTY 500 20.6% · 1 year 30.5% · 100% evidence · 11 of 12 weeks ahead Exact sum: 30.5 + 22.1 + 7 + 11.9 = 71.5 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [India Glycols Ltd](https://www.sectoralpha.in/stocks/india-glycols-ltd) INDIAGLYCO · breaking out · Most evidence points up · 96% evidence 70.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.6/35 · Revenue 12% · Profit 29.9% · Operating margin change 1 points · 88% evidence Capital efficiency 15.2/25 · ROCE 12.4% · Operating margin 15% · 100% evidence Valuation 13.3/20 · P/E 7× · PEG 0.17 · 100% evidence Relative strength 20.0/20 · Lead over its industry 53.7% · Lead over NIFTY 500 51.8% · 1 year 61.8% · 100% evidence · 11 of 12 weeks ahead Exact sum: 21.6 + 15.2 + 13.3 + 20 = 70.1 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [IFB Agro Industries Ltd](https://www.sectoralpha.in/stocks/ifb-agro-industries-ltd) IFBAGRO · quiet · Evidence leans up · 74% evidence 64.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.2/35 · Revenue 38.9% · Profit 90.3% · Operating margin change 1 points · 88% evidence Capital efficiency 13.2/25 · ROCE 12.7% · Operating margin 8% · 100% evidence Valuation 15.5/20 · P/E 12.8× · PEG 0.33 · 65% evidence Relative strength 8.4/20 · Lead over its industry n/a · Lead over NIFTY 500 -17.3% · 1 year -39% · 25% evidence · 0 of 12 weeks ahead Exact sum: 27.2 + 13.2 + 15.5 + 8.4 = 64.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [United Spirits Ltd](https://www.sectoralpha.in/stocks/united-spirits-ltd) UNITDSPR · quiet · Evidence leans up · 100% evidence 57.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.7/35 · Revenue 1.1% · Profit 12.9% · Operating margin change -1 points · 100% evidence Capital efficiency 22.6/25 · ROCE 26.4% · Operating margin 20% · 100% evidence Valuation 8.4/20 · P/E 53.5× · PEG 3.56 · 100% evidence Relative strength 9.6/20 · Lead over its industry 2.4% · Lead over NIFTY 500 1.8% · 1 year -6.8% · 100% evidence · 7 of 12 weeks ahead Exact sum: 16.7 + 22.6 + 8.4 + 9.6 = 57.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Piccadily Agro Industries Ltd](https://www.sectoralpha.in/stocks/piccadily-agro-industries-ltd) PICCADIL · quiet · Evidence leans up · 74% evidence 56.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.4/35 · Revenue 28.5% · Profit 30.6% · Operating margin change -1 points · 88% evidence Capital efficiency 15.8/25 · ROCE 18% · Operating margin 17% · 100% evidence Valuation 11.6/20 · P/E 39.2× · PEG 1.38 · 65% evidence Relative strength 9.8/20 · Lead over its industry n/a · Lead over NIFTY 500 -2.8% · 1 year -17.9% · 25% evidence · 5 of 12 weeks ahead Exact sum: 19.4 + 15.8 + 11.6 + 9.8 = 56.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [G M Breweries Ltd](https://www.sectoralpha.in/stocks/g-m-breweries-ltd) GMBREW · quiet · Evidence leans up · 82% evidence 53.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.1/35 · Revenue 20.5% · Profit 21% · Operating margin change -2 points · 95% evidence Capital efficiency 18.4/25 · ROCE 18% · Operating margin 23% · 76% evidence Valuation 12.6/20 · P/E 10.4× · PEG n/a · 50% evidence Relative strength 3.3/20 · Lead over its industry -14.5% · Lead over NIFTY 500 -15.2% · 1 year -35.9% · 100% evidence · 2 of 12 weeks ahead Exact sum: 19.1 + 18.4 + 12.6 + 3.3 = 53.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Associated Alcohols & Breweries Ltd](https://www.sectoralpha.in/stocks/associated-alcohols-breweries-ltd) ASALCBR · basing · Evidence leans down · 81% evidence 48.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 7.8/35 · Revenue -5.3% · Profit -4.6% · Operating margin change -3 points · 88% evidence Capital efficiency 15.9/25 · ROCE 18% · Operating margin 11% · 100% evidence Valuation 17.4/20 · P/E 13.1× · PEG 0.96 · 100% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -30.3% · 1 year -55.9% · 25% evidence · 0 of 12 weeks ahead Exact sum: 7.8 + 15.9 + 17.4 + 7.5 = 48.6 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 8. [Globus Spirits Ltd](https://www.sectoralpha.in/stocks/globus-spirits-ltd) GLOBUSSPR · quiet · Evidence leans down · 83% evidence 47.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.6/35 · Revenue 10.8% · Profit 100% · Operating margin change -1 points · 100% evidence Capital efficiency 11.6/25 · ROCE 11.2% · Operating margin 8% · 100% evidence Valuation 10.6/20 · P/E 23× · PEG n/a · 15% evidence Relative strength 1.1/20 · Lead over its industry -22% · Lead over NIFTY 500 -22.5% · 1 year -41.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 24.6 + 11.6 + 10.6 + 1.1 = 47.9 · What this means: Earnings are strong; relative strength in its sector is -22% and the one-year return is -41.3%. 9. [Allied Blenders & Distillers Ltd](https://www.sectoralpha.in/stocks/allied-blenders-distillers-ltd) ABDL · breaking out · Evidence leans down · 93% evidence 47.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.5/35 · Revenue 8.6% · Profit -15.3% · Operating margin change -1 points · 100% evidence Capital efficiency 14.9/25 · ROCE 18.4% · Operating margin 12% · 100% evidence Valuation 4.3/20 · P/E 84.8× · PEG 4.13 · 65% evidence Relative strength 18.1/20 · Lead over its industry 26.7% · Lead over NIFTY 500 25.6% · 1 year 5.5% · 100% evidence · 8 of 12 weeks ahead Exact sum: 10.5 + 14.9 + 4.3 + 18.1 = 47.8 · What this means: Relative strength against the index is 25.6%, and revenue and profit growth are weak. 10. United Breweries Ltd this page UBL · quiet · Evidence leans down · 83% evidence 47.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.4/35 · Revenue 7.4% · Profit 31.9% · Operating margin change 4 points · 100% evidence Capital efficiency 10.9/25 · ROCE 10.7% · Operating margin 10% · 100% evidence Valuation 9.0/20 · P/E 71.8× · PEG n/a · 15% evidence Relative strength 5.3/20 · Lead over its industry -14.2% · Lead over NIFTY 500 -14.6% · 1 year -34.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 22.4 + 10.9 + 9 + 5.3 = 47.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Tilaknagar Industries Ltd](https://www.sectoralpha.in/stocks/tilaknagar-industries-ltd) TI · breaking out · Evidence leans down · 90% evidence 44.3 out of 100 Growth Capital Valuation Relative
12. [Asgard Alcobev Ltd](https://www.sectoralpha.in/stocks/asgard-alcobev-ltd) quiet · Evidence leans down · 61% evidence 41.6 out of 100 Growth Capital Valuation Relative
13. [Fratelli Vineyards Ltd](https://www.sectoralpha.in/stocks/fratelli-vineyards-ltd) Too little evidence to rank firmly · 50% evidence 39.9 out of 100 Growth Capital Valuation Relative
14. [Sula Vineyards Ltd](https://www.sectoralpha.in/stocks/sula-vineyards-ltd) SULA · quiet · Most evidence points down · 81% evidence 30.6 out of 100 Growth Capital Valuation Relative
15. [Som Distilleries & Breweries Ltd](https://www.sectoralpha.in/stocks/som-distilleries-breweries-ltd) SDBL · breaking out · Most evidence points down · 68% evidence 30.4 out of 100 Growth Capital Valuation Relative
16. [Jagatjit Industries Ltd](https://www.sectoralpha.in/stocks/jagatjit-industries-ltd) JAGAJITIND · losing its lead · Too little evidence to rank firmly · 49% evidence 45.0 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Alcoholic Beverages](https://www.sectoralpha.in/sectors/alcoholic-beverages), all 16 compared on one page. ## Which companies are close to United Breweries in size? United Breweries is the 3rd largest of 16 Alcoholic Beverages companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: United Spirits and Radico Khaitan. Just below it: Allied Blenders & Distillers, Tilaknagar Industries, Piccadily Agro Industries and India Glycols. ### Alcoholic Beverages companies close in size

1. [United Spirits Ltd](https://www.sectoralpha.in/stocks/united-spirits-ltd) ₹97,007 crore
2. [Radico Khaitan Ltd](https://www.sectoralpha.in/stocks/radico-khaitan-ltd) ₹54,757 crore
3. United Breweries Ltd ₹31,208 crore
4. [Allied Blenders & Distillers Ltd](https://www.sectoralpha.in/stocks/allied-blenders-distillers-ltd) ₹19,531 crore
5. [Tilaknagar Industries Ltd](https://www.sectoralpha.in/stocks/tilaknagar-industries-ltd) ₹11,920 crore
6. [Piccadily Agro Industries Ltd](https://www.sectoralpha.in/stocks/piccadily-agro-industries-ltd) ₹5,504 crore
7. [India Glycols Ltd](https://www.sectoralpha.in/stocks/india-glycols-ltd) ₹2,223 crore

[All 16 Alcoholic Beverages companies, largest first](https://www.sectoralpha.in/sectors/alcoholic-beverages#all-companies)

### Companies close in size in other industries

1. [Syrma SGS Technology Ltd](https://www.sectoralpha.in/stocks/syrma-sgs-technology-ltd) ₹31,341 crore · Consumer Electronics - EMS
2. [Star Health & Allied Insurance Company Ltd](https://www.sectoralpha.in/stocks/star-health-allied-insurance-company-ltd) ₹31,221 crore · Finance - Non Life Insurance
3. United Breweries Ltd ₹31,208 crore
4. [Wockhardt Ltd](https://www.sectoralpha.in/stocks/wockhardt-ltd) ₹30,895 crore · Pharma - Formulators
5. [Dr Lal Pathlabs Ltd](https://www.sectoralpha.in/stocks/dr-lal-pathlabs-ltd) ₹30,674 crore · Diagnostics

## What else do people ask about United Breweries? ### What is United Breweries's share price today? United Breweries Ltd's share price is ₹1,189.80, −33.8% over the past year. The whole company is worth ₹31,467 Cr on the market. In the last 52 weeks it traded between ₹1,143 to ₹1,810; today it is 7% of the way up from the low, 15.2% below its 200-day average (as of 3 November 2026). ### What were United Breweries's latest quarterly results? United Breweries Ltd reported revenue of ₹2,537 Cr and net profit of ₹135 Cr for the Sep 2026 quarter. Revenue rose 23.6% and profit rose 193.5% compared with a year earlier. Earnings per share were ₹5.12. The operating margin was 10.0%, 4.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is United Breweries's market cap? United Breweries Ltd's market capitalisation is ₹31,467 Cr at a share price of ₹1,189.80. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is United Breweries performing? United Breweries Ltd's share price has been falling for 64 weeks. In its latest quarter, revenue rose 23.6% and profit rose 193.5% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 13 weeks running (as of 3 November 2026). ### Will United Breweries's share price go up? This page does not forecast United Breweries Ltd's share price. What it shows instead: the share price is ₹1,189.80, and it has been falling for 64 weeks. Its P/E of 72.4× is higher than 8% of its own last 11 years (as of 3 November 2026). ### Does United Breweries have too much debt? No, United Breweries Ltd has little debt: its debt is 0.29× its equity, and its operating profit is 11 times its interest bill. FY26 borrowings were ₹1,317 Cr against equity of ₹4,522 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is United Breweries in its business cycle? United Breweries Ltd's FY26 operating margin was 9.0%, against a 13-year range of 8.0% to 18.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 10.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the United Breweries story? The main question: profits are rising, but only 57% of the last 3 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is United Breweries a stock worth studying right now? What the numbers show: United Breweries Ltd's share price has fallen more than its earnings. Earnings per share fell 6.5% in a year while the price moved −33.8%. The main open question: whether the cash starts to follow the profit. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a United Breweries share price forecast for 2026? What management itself guided: Gross margin 43-45% over next couple quarters. ## Lists

- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india
- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india

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