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United Breweries Ltd share Price Today

Company details

1,830.10
1,870.00
1,432.55
2,106.00
6M Return 11.74%
1Y Return 26.27%
Mkt Cap.(Cr) 48,672.99
Volume 171,464
Div Yield 0.53%
OI
-
OI Chg %
-
Volume 171,464

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Momentum builds up for peak Q1 season in challenging environment
Market leader in Indian Beer market

    United Breweries (UBL) is the biggest beer player in the domestic market (~54% market share), a sector largely dominated by MNCs (~85% of market).

    • On-trade sales comprise ~25% of revenues (rest 75% off-trade)
    • Heineken, one of the world’s largest beer companies, holds 72.7% stake in United Breweries
Q4FY22 results : UBL’s performance was above I-direct estimates

    UBL’s performance was above I-direct estimates on profitability.

    • Revenues grew 11% YoY to ₹ 1709 crore, led by volume growth of 7%
    • Absolute EBITDA stayed flat at ₹ 262 crore (EBITDA margins contracted 168 bps to 15.3%)
    • Subsequently, the company reported a PAT of ₹164 crore (vs PAT before exceptional items of ₹160 crore in Q4FY21) and came above I-direct estimate of ₹ 91 crore. PAT after exceptional item stood at ₹ 98 crore

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Research view on more stocks

United Breweries announced Q3FY24 & 9MFY24 results:

Standalone Q3FY24

  • Net Sales: Rs 1,823 crore, up 13% from Rs 1,611 crore in Q3FY23.
  • Gross Profit: Rs 802 crore with a Gross Margin of 44.0%, a gain of 215bps from 41.8% in Q3FY23.
  • EBIT: Rs 118 crore, a significant increase of 199% compared to Rs 39 crore in Q3FY23.
  • Profit after Tax: Rs 85 crore compared to Rs 5 crore in Q3FY23, marking a considerable rise.
  • Q3 observed an improved Gross Profit margin due to revenue management and cost initiatives, despite the challenge of inflated costs.

Standalone 9MFY24

  • Net Sales: Rs 5,984 crore, a 4% increase from Rs 5,727 crore in the same period the previous year.
  • Gross Profit: Rs 2,565 crore with a Gross Margin of 42.9%, a decline of 142bps from 44.3% in 9MFY23.
  • EBIT: Rs 446 crore, marginally up by 2% from Rs 439 crore in the same period the previous year.
  • Profit after Tax: Rs 329 crore, up 12% from Rs 294 crore in 9MFY23.
  • EBIT margin stood at 7.4% 9MFY24, signifying resilience in the face of inflationary pressures.

Volume and Net Sales Insights

  • Q3FY24 volume growth of 8% was largely attributed to robust demand in various regions, with East India witnessing a remarkable 22% growth.
  • For 9MFY24, there is a net sales increase of 4%, driven by a recovery in volume during Q2 and Q3 as well as strategic pricing decisions.

Strategic Developments and Outlook

  • Launch of Heineken® Silver Draught Beer in India, marking an addition to the premium segment.
  • Ongoing efforts to drive the share of premium in the portfolio are integral to UBL's strategy.
  • The company endeavors to bolster brand investments and enhance capabilities, suggesting further growth and margin accretion.

 

Result PDF

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United Breweries Ltd shares SWOT Analysis

Strengths (6)

  • Rising Net Cash Flow and Cash from Operating activity
  • Company with high TTM EPS Growth
  • Good quarterly growth in the recent results

Weakness (2)

  • MFs decreased their shareholding last quarter
  • Declining profits every quarter for the past 3 quarters

Opportunity (0)

Data not found

Threats (2)

  • High PE (PE > 40)
  • RSI indicating price weakness

Resistance and support

R1 1,863.9
R2 1,886.9
R3 1,903.8
Pivot

1,846.98

S1 1,824.0
S2 1,807.1
S3 1,784.1
EMA SMA
1,896.6
1,873.2
1,820.2
1,744.3
1,917.7
1,869.4
1,820.4
1,716.5
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
MARSHALL WACE INVESTMENT STRATEGIES MARKET NEUTRAL TOPS FUND Block Purchase 2024-01-25 1876.7 63597 NSE
MARSHALL WACE INVESTMENT STRATEGIES TOPS FUND Block Purchase 2024-01-25 1876.7 4793 NSE
SOCIETE GENERALE Block Sell 2024-01-25 1876.7 68390 NSE
Name Category Shares
VIJAY MALLYA PROMOTER 8.08%
SCOTTISH AND NEWCASTLE INDIA LIMITED PROMOTER 34.04%
HEINEKEN INTERNATIONAL B.V PROMOTER 24.27%
HEINEKEN U K LIMITED PROMOTER 3.21%
KAMSCO INDUSTRIES PRIVATE LIMITED PROMOTER 1.24%

OUR RESEARCH VIEW

Trading recommendation

Call Date
03 Aug 2021
Entry Price 1,520.00
Target Price 1,580.00
Duration
Stop Loss -
Investment recommendation
Momentum builds up for peak Q1 season in challenging environment
Call Date
27 Apr 2022
Entry Price 1,540.00
Target Price 1,800.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

United Breweries Ltd Stocks COMPARISON

Financials( in Cr) United Breweries Ltd United Spirits Ltd Radico Khaitan Ltd Piccadily Agro Industries Ltd Tilaknagar Industries Ltd
Price 1,840.85 1,171.35 1,580.00 781.70 223.15
% Change -1.97 -0.75 -1.85 4.34 -0.78
Mcap Cr 48,672.99 85,198.26 21,126.97 7,374.48 4,300.77
Revenue TTM Cr 7,499.92 10,611.60 3,142.81 608.89 1,164.36
Net Profit TTM Cr 304.68 1,125.80 204.37 23.30 149.90
PE TTM 121.17 60.31 82.09 80.65 30.76
1 Year Return 26.27 35.17 36.27 1,387.25 45.95
ROCE 10.58 17.41 11.40 12.44 10.37
ROE 7.71 15.21 9.65 10.64 12.06
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 3,964.89 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 39,641.00 -26,315.30
LAST 3M 112,356.80 -35,490.78
LAST 6M 175,524.06 28,431.26
LAST 12M 275,282.89 115,769.27

United Breweries Ltd Information

Stock PE (TTM)
121.17
Promoter Holding
70.83%
Book Value
158.031
ROCE
10.58%
ROE
7.71%

No Data Found

AGM Date (Month) : Aug
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 532478
NSE Code : UBL
Book Closure Date (Month) : Aug
BSE Group : A
ISIN : INE686F01025

FAQ’s on United Breweries Ltd Shares

You can buy United Breweries Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy United Breweries Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 30, 2024 03:55 PM the closing price of United Breweries Ltd was Rs.1,840.85.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 30, 2024 03:55 PM, the market cap of United Breweries Ltd stood at Rs. 48,672.99.

The latest PE ratio of United Breweries Ltd as of May 30, 2024 03:55 PM is 121.17

The latest PB ratio of United Breweries Ltd as of May 30, 2024 03:55 PM is 0.08

The 52-week high of United Breweries Ltd share price is Rs. 2,106.00 while the 52-week low is Rs. 1,432.55

According to analyst recommendations, United Breweries Ltd Share has a "Buy" rating for the long term.

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