United Breweries Limited — PPTs, 07-05-2025: Investor Presentation

1. Financial Highlights:

Net sales rose 9% to Rs 2,321 Cr, driven by 5% volume growth and a 24% surge in premium volumes. Gross margin improved 37 bps to 42.1%, lifting EBIT by 24% to Rs 137 Cr. Profit after tax increased 20% to Rs 97 Cr. Year-to-date, volumes grew 6% with premium up 32%, net sales rose 10% to Rs 8,907 Cr, and gross margin expanded 44 bps to 43.0%. EBIT and profit after tax advanced 15% and 8%, respectively, despite margin pressure from capacity expansion.

2. Strategic Initiatives & Growth Drivers:

Focus on premiumization and revenue management to boost margins. Investments target brand building, supply chain enhancement, and organizational strengthening ahead of peak season. Distributor network redesign and advanced analytics deployment in Maharashtra aim to improve market reach and service. Warehousing expansion supports growth in key regions.

3. Business Developments:

No new acquisitions or partnerships. Continued emphasis on product innovation and expanding manufacturing capabilities to strengthen execution.

4. Market Position & Competitive Advantage:

Strong pan-India volume growth, led by Andhra Pradesh, Maharashtra, and Uttar Pradesh. Premium segment growth (+32% YTD) supports leadership in a growing, premium-focused market driven by favorable demographics and rising disposable incomes.

5. Investor Implications:

Solid volume and margin gains combined with strategic investments indicate positive growth potential. Execution risks around capacity scaling and distribution changes warrant monitoring, but steady premiumization and market share gains support medium-term earnings expansion.