United Breweries Ltd (UBL) Q1 FY27 Results Analysis: PAT Falls 9.4%, Margin Compresses 163 bps

CompoundingAI Research Updated August 04, 2026 2 min read

Negative

United Breweries Ltd's Q1 FY27 numbers came in soft, with revenue of Rs. 3,064.87 Cr (+7.07% YoY) and PAT growth of -9.43% YoY. Here's a quick read of what worked, what to watch, and what management said.

Quick Details

Results date	August 04, 2026
Quarter	Q1 FY 2026-2027
Revenue (Q1)	Rs. 3,064.87 Cr (+7.07% YoY)
PAT (Q1)	Rs. 166.39 Cr (-9.43% YoY)
EBITDA margin	9.22% (-163 bps YoY)
EPS (Q1)	Rs. 6.29 (-9.50% YoY)
Market cap	Rs. 37,928.89 Cr
CMP	Rs. 1,434.10

Key Investment Insights

Key Positives

Gross revenue grew 10.01% YoY to Rs.5,917.45 Cr.
Other expenses grew slower than gross revenue (+6.97% vs +10.01%), indicating cost discipline.

Risk Factors

PAT declined 9.43% YoY to Rs.166.39 Cr.
EBITDA margin compressed 163 bps YoY to 9.22%.
Net Revenue growth of 7.07% missed double-digit guidance.
Finance costs surged 106.27% YoY to Rs.23.04 Cr.
Middle East cost headwind materializing, with gross margin down 163 bps YoY.
Contingent liabilities from CCI penalty and Patiala demand remain elevated.