United Breweries Limited · NSE:UBL
United Breweries — Q4 FY26 Earnings Presentation
12 slides from United Breweries's earnings presentation, May 5, 2026
Slide 1: Cover letter to stock exchanges: Investor Presentation Q4FY2026
May 05, 2026 To, BSE Limited National Stock Exchange of India Limited Script Code: 532478 Symbol: UBL Dear Sir, Sub: Investor Presentation – Q4FY2026 Financial Results Earnings Call This is in furtherance of our intimation dated April 27, 2026, regarding the invitation to host a Q4FY2026 Earnings Ca
Slide 2: Investor Presentation Q4 FY26
Investor Presentation Q4 FY26 United Breweries Limited May 05, 2026
Slide 3: Disclaimer
Disclaimer This presentation contains forward-looking statements with regard to the financial position and results of UBL’s activities. These forward- looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-lo
Slide 4: Middle East Impact
Middle East Impact Key Developments Impact on Indian Beer Industry Cost Pressure Middle East War impacting crude oil prices and disrupting gas supplies Oil Price Freight Cost Gas Price == Bottle Cost t Volatility in freight & logistics (Red Sea disruption) Aluminum Price —--------» Can & Carton Cost
Slide 5: UBL Choices in the current scenario
UBL Choices in the current scenario Pricing Discussions with Accelerating Productivity & Consumer First Regulators Cost Efficiencies Portfolio Play & Liquidity Premiumization Management Continued Investment behind Brands vo Impact of some of the above choices are already seen in the current quarter
Slide 6: UBL Quarterly Volume Development
UNITED BREWERIES LIMITED Beer category witnessed strong performance in Q4-FY26, driven by favourable regulatory changes and weaker-than-usual winter. Premium volumes outpaced rest of our portfolio. UBL Quarterly Volume Development (asedon Hu) 46% 37% penne eae nee \ 27% \ | 1 1 —— = = 17% 16% ' I 1
Slide 7: Q4 FY26 Highlights
y Q4 FY26 Highlights Volume Premium Volume Net Sales Gross Margin -3% 45.4% (4332 bps vs LY) Profit after Tax +4%
Slide 8: FY26 Highlights
Slide 9: Q4 FY26 Results
Q4 FY26 Results BREWERIES LIMITED Q4 Results (standalone) Data inks.cr | Mar-26 | Mar25 | Change (%) Net Sales 2,248 2,321 -3% COGS -1,227 -1,344 -9% Gross Profit 1,021 977 4% Employee expenses -194 -190 2% Other expenses -687 -601 14% Other income 8 8 0% EBITDA 147 194 -24% Depreciation -76 57 34%
Slide 10: YTD FY26 Results
YTD FY26 Results BREWERIES LIMITED D Results (standalone) Change (%) Net Sales 9,233 8,907 4% CcoGSs 5,177 -5,077 2% Gross Profit 4,056 3,831 6% Employee expenses -757 -713 6% Other expenses -2,494 -2,278 9% Other income 45 36 25% EBITDA 850 875 -3% Depreciation -272 -233 17% EBIT 578 642 -10% r r F
Slide 11: Strategic Priorities: Category maker, advocacy for beer
with a proactive approach to productivity and resource allocation which supports growth Strategic Priorities: Continued focus on being the “category maker”, advocacy for beer LIMITED Category Growth Revival Beer Category returns to growth (+10% in Q4’FY26). 80% of markets showing category growth in
Slide 12: The Joy of True Togetherness