United Breweries Ltd
About
United Breweries Limited (UB) is India’s largest beer company and brewery, which was established in 1915 by Scottish businessman Thomas Leishman. The company began as a consortium of five South Indian breweries, with the oldest Castle Breweries dating back to 1857. Today, it is headquartered in Bengaluru. It operates via 32 owned and contracted manufacturing units nationwide. It is currently headed by Chairman Anand Kripalu. UB’s legacy began with serving British troops in pre-independence India. Its existing product profiles consist of a diverse range of beers, non-alcoholic beverages, packaged drinking water, and soda. United Breweries has a large consumer base in cities like Mumbai and Goa. The company earns its highest volume and revenue from its flagship brand Kingfisher.
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Financial Data 2024
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Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 8230 8.3% | 7601 30.0% | 5845 34.1% | 4358 -33.3% | 6528 -0.8% | 6582 17.3% | 5610 16.9% | 4801 -2.6% | 4931 4.0% | 4741 11.4% | 4255 7.5% | 3959 8.4% | 3651 17.7% | 3101 31.2% | 2364 18.8% | 1990 - |
| Net Operating Income (INR Cr) | 8123 8.30% | 7500 28.46% | 5838 37.60% | 4243 -34.81% | 6509 0.52% | 6475 15.24% | 5619 18.82% | 4729 -2.15% | 4833 3.09% | 4688 10.84% | 4230 8.49% | 3899 9.54% | 3559 16.32% | 3060 34.47% | 2276 17.94% | 1929 23.76% |
| Profit (INR Cr) | 410 34.9% | 304 -16.8% | 365 222.8% | 113 -73.5% | 428 -24.0% | 563 42.8% | 394 71.7% | 230 -23.0% | 298 14.8% | 260 15.0% | 226 31.3% | 172 35.8% | 127 -14.1% | 147 64.5% | 90 96.7% | 46 - |
| Assets (INR Cr) | 4309 7.5% | 4008 0.7% | 3978 3.1% | 3861 1.5% | 3804 11.6% | 3409 13.1% | 3015 2.6% | 2939 -0.9% | 2964 10.0% | 2694 -8.6% | 2946 4.6% | 2817 19.3% | 2362 13.5% | 2082 7.8% | 1931 5.6% | 1828 - |
| Net Worth (INR Cr) | 4178 5.4% | 3965 0.8% | 3935 9.9% | 3582 1.8% | 3520 10.6% | 3184 18.3% | 2690 15.3% | 2334 8.7% | 2147 16.0% | 1851 13.4% | 1633 13.6% | 1437 11.3% | 1292 23.3% | 1048 24.8% | 840 9.2% | 769 144.1% |
| Employee Cost (INR Cr) | 647 8.7% | 596 13.8% | 523 7.8% | 485 -3.7% | 504 12.4% | 448 12.3% | 399 12.1% | 356 5.2% | 339 12.5% | 301 14.5% | 263 7.6% | 244 29.5% | 189 30.8% | 144 34.5% | 107 13.9% | 94 - |
| Interest Cost (INR Cr) | 7 | 5 | 15 | 23 | 31 | 31 | 48 | 59 | 81 | 73 | 80 | 80 | 99 | 78 | 67 | 105 |
| Cash & Bank Balance (INR Cr) | 214 | 395 | 910 | 469 | 79 | 46 | 24 | 24 | 14 | 13 | 143 | 233 | 173 | 129 | 93 | 51 |
| Total Debt (INR Cr) | 102 | 16 | 10 | 262 | 252 | 211 | 312 | 594 | 806 | 836 | 1232 | 1301 | 992 | 778 | 796 | 765 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 5.0% | 4.0% | 6.3% | 2.6% | 6.6% | 8.6% | 7.0% | 4.8% | 6.1% | 5.5% | 5.3% | 4.4% | 3.5% | 4.8% | 3.8% | 2.3% |
| Profit As % Of Assets | 9.5% | 7.6% | 9.2% | 2.9% | 11.3% | 16.5% | 13.1% | 7.8% | 10.1% | 9.6% | 7.7% | 6.1% | 5.4% | 7.1% | 4.6% | 2.5% |
| Profit As % Of Networth | 9.8% | 7.7% | 9.3% | 3.2% | 12.2% | 17.7% | 14.7% | 9.8% | 13.9% | 14.0% | 13.8% | 12.0% | 9.8% | 14.1% | 10.7% | 5.9% |
| Interest Cost to EBITDA % | 1.0% | 0.8% | 2.1% | 7.1% | 3.6% | 2.7% | 5.3% | 9.1% | 11.7% | 11.7% | 13.3% | 16.7% | 25.1% | 20.0% | 28.4% | 46.4% |
| Debt to Equity Ratio | 0.02 | 0.00 | 0.00 | 0.07 | 0.07 | 0.07 | 0.12 | 0.25 | 0.38 | 0.45 | 0.75 | 0.91 | 0.77 | 0.74 | 0.95 | 0.99 |
| RONW | 10.1% | 7.7% | 9.7% | 3.2% | 12.8% | 19.2% | 15.7% | 10.3% | 14.9% | 14.8% | 14.6% | 12.5% | 10.6% | 14.8% | 10.2% | 7.0% |
| ROCE | 13.4% | 10.6% | 13.0% | 5.0% | 16.7% | 28.4% | 22.0% | 13.8% | 19.0% | 16.0% | 14.4% | 13.4% | 14.3% | 15.2% | 11.4% | 12.2% |