India's United Breweries slips as fourth-quarter revenue decline offsets margin gains

United Breweries

06/05/2026 05:03

** Shares of India's United Breweries UBBW.NS fall 4.39% to 1,390 rupees

** Beer maker's Q4 revenue fell 0.4%; total expenses grew 1.6%

** Profit rose 4.4% y/y to 1.02 billion rupees ($10.72 million)

** Sourcing mix hit revenue even as volumes grew; margins lifted profit

** Gross profit margin rose 332 bps y/y

** UBBW rated "Hold" on average by 20 analysts, median PT: 1,759 rupees - data compiled by LSEG

** Nifty FMCG .NIFTYFMCG index down ~0.2% on the day

** YTD, stock down ~12% vs Nifty FMCG index's ~6.5% decline

($1 = 95.1800 Indian rupees)

(Reporting by Bipasha Dey in Bengaluru)

((Bipasha.Dey@thomsonreuters.com;))