India's United Breweries Experiences Profit Decline Due to Increased Taxes and Weak Demand
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 29 2025
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Source: Reuters
Quarterly Profit Decline: United Breweries reported a 64.5% drop in quarterly profit to 469.5 million rupees, impacted by higher excise duties and weak demand due to unfavorable weather conditions.
Revenue and Volume Impact: The company's revenue fell by 21.2% to 37.36 billion rupees, with total volume declining by 3.4%, although the premium segment saw a 17% increase in volume.
Market Context: The decline in demand was attributed to a stronger-than-usual monsoon season and increased excise duties in key states like Karnataka.
Long-term Outlook: Despite the current challenges, United Breweries remains optimistic about the industry's growth potential, citing factors like rising disposable income and demographic trends favoring premiumization.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
