 "United Breweries kingfisher")
From its highs at the end of July, the stock of alcoholic beverage (alcobev) maker United Breweries (UBL) is down 12 per cent. The weak sentiment for the stock is attributed to demand woes caused by higher rainfall in the July-September quarter of 2025-26 (FY26) and an elevated base. Brokerages, however, remain positive on the outlook, citing the focus on the premium segment, expansion, easing supply chain issues, and scope for margin improvement.
The alcobev major has expanded brewery capacity by a third in Andhra Pradesh, which, coupled with improving growth prospects in Maharashtra, is expected to offset the excise-related
