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Wednesday, December 03, 2025 | 12:00 PM ISTहिंदी में पढें
With stock 15% down since Feb, margin concerns ahead for United Breweries
The alcoholic beverages segment saw some demand in Q3FY25, driven by the festive season, and the reopening of the Andhra Pradesh market
 "United Breweries kingfisher")
premium
In the long-term, per capita consumption remains low in the beer category and volume growth may be targeted
Despite peak summer season around the corner, the United Breweries (UB) stock is down about 15 per cent since February, due to a weak third quarter (Q3) and regulatory worries. Margins may stay under pressure given the excise duty hike in Karnataka and the decision to absorb the hike.
The alcoholic beverages segment saw some demand in the third quarter of financial year 2025 (Q3FY25), driven by the festival season, and the reopening of the Andhra Pradesh market. The Prestige & Above (P&A) segment continued to show momentum, with premium volume growth at 18 per cent for United Spirits, 33
Topics : United Breweries Compass
