United Breweries Ltd. delivered exceptional financial performance in Q2 FY27, with net profit nearly tripling to ₹135 crore compared to ₹46.5 crore in the corresponding period last year. According to the company's exchange filing, this represents a 190% year-on-year increase in profitability. The beer maker, part of the Heineken group, demonstrated strong operational efficiency with revenue from operations rising 23.7% to ₹4,623 crore from ₹3,737.31 crore in the previous year. As reported by Live Mint, the company's total income increased 24.31% to ₹4,664.33 crore during the quarter, with total expenses standing at ₹4,481.66 crore, up 21.57% year-on-year.
The company's premiumisation strategy delivered remarkable results, with premium beer volumes surging 38% during the quarter, accelerating by 31 percentage points from the previous quarter. As reported by United Breweries, Heineken Silver volumes grew 67% while Kingfisher Ultra recorded 44% growth, reflecting stronger demand for premium offerings. The company's UBL sell-in volumes increased 16% during the quarter, supported by volume growth, price increases, premiumisation and a favourable geographic and operating mix. Net sales increased 24%, driven by strong volume growth, structural price increases, premiumisation, favourable geographic mix and improvement in the company's operating mix. According to Live Mint, UBL sell-in volumes increased 16%, while inventory levels remained below the corresponding period last year, reflecting strong consumer demand and healthy market fundamentals.
United Breweries achieved significant margin improvements across all key metrics. EBITDA grew 108% in the quarter, with EBITDA margin expanding to 11.9% from 6.3% in the year-ago quarter. The company reported a 194-basis-point improvement in gross margin, attributing the expansion to structural margin-recovery initiatives and disciplined revenue management. EBITDA margin improved by 480 basis points to 11.9%, while earnings before interest and taxes (EBIT) rose 161% and EBIT margin expanded 441 basis points to 8.4%. As reported by Live Mint, the margin expansion was driven by better operating efficiency and cost control during the quarter.
Vivek Gupta, managing director and CEO of United Breweries, highlighted the quarter's performance in a press release. According to the company statement, the quarter reflected robust category momentum, accelerated premiumisation, significant profitability expansion and sustained improvements in cash generation, underpinned by disciplined execution and investments to support future growth. Gupta emphasized that premiumisation remained a key driver of value creation, with the company planning to increase commercial investments in the coming quarter to sustain growth momentum. The company has been expanding its premium portfolio, launching Heineken® Silver in Assam, expanding the brand reach to 11 markets and building on previous launches in Kerala, Odisha, and Madhya Pradesh. In the first half of FY27, total consolidated income rose 16.3% to ₹10,634.48 crore.
