A Strong Q2 For UBL | This Is A Tipping Point For Beer Industry & UBL Is Leading It, Says Company
CNBC-TV18 · 28 Oct 2026 · 7 min
Management interview of United Breweries Ltd (UBL), with 5 key numbers discussed.
- Vivek Gupta, MD & CEO, United Breweries
United Breweries reported 16% volume growth and an expansion of around 200 bps in margins for Q2. The premium business surged 38%, driven by brands like Heineken Silver and Ultra. Management highlighted that structural growth is emerging from supportive policy shifts in states such as Karnataka, Jharkhand, and Maharashtra. However, input cost pressures from the Middle East conflict persist, and discussions regarding pricing and pending receivables in Telangana and taxes in Tamil Nadu remain ongoing.