United Breweries Limited (UBL) Q4 FY25 Financial Analysis

United Breweries Limited (UBL) Q4 FY25 Financial Analysis

1. Key Highlights and Insights

• Volume Growth:
  
  

• Q4 FY25: 5% growth despite challenges in Telangana (suspension) and Karnataka (duty changes).
  
  

• FY25: 6% growth with premium volume up by 32%.
  
  

• Revenue and Profit Performance:
  
  

• Net Sales Q4 FY25: ₹2,321 crores (+9% YoY).
  
  

• Net Sales FY25: ₹8,907 crores (+10% YoY).
  
  

• EBITDA Q4 FY25: ₹194 crores (+15% YoY).
  
  

• EBITDA FY25: ₹875 crores (+14% YoY).
  
  

• Profit After Tax (PAT) Q4 FY25: ₹97 crores (+20% YoY).
  
  

• PAT FY25: ₹441 crores (+8% YoY).
  
  

• Gross Margin Q4 FY25: 42.1% (up by 37 bps).
  
  

• Gross Margin FY25: 43.0% (up by 44 bps).
  
  

• Regional Growth Performance:
  
  

• North: +3% (Growth in Uttar Pradesh & Punjab, decline in Rajasthan).
  
  

• East: +0% (Growth in Odisha & Assam, decline in West Bengal).
  
  

• South: +5% (Growth in Andhra Pradesh, decline in Karnataka & Telangana).
  
  

• West: +11% (Growth in Maharashtra, Madhya Pradesh & Goa).
  
  

2. Consolidated Income Statement Analysis (₹ in Crores)

3. Balance Sheet Analysis (₹ in Crores)

4. Consolidated Cash Flow Analysis (₹ in Crores)

5. Near Term & Short Term Outlook

• Continued focus on premiumization with premium volume growth of 32%.
  
  

• Expansion in Maharashtra and West regions driving overall volume growth.
  
  

• Cost management initiatives to support margin improvement despite inflationary pressures.
  
  

• Strategic investments in supply chain and distribution network expected to enhance growth.
  
  

• Positive demand outlook in North and West regions, while East and South remain challenged.
  
  

6. Disclosure

• This analysis is for informational and educational purposes only.
  
  

• Investors are advised to use their discretion and make investment decisions based on their risk appetite and investment objectives.
  
  

• This content is based on UBL's Q4 FY25 earnings presentation and financial reports.