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United Breweries to Benefit from Premiumization and Capacity Expansion Despite Q2 Softness
ByAinvest
Monday, Sep 22, 2025 10:35 am ET1min read
United Breweries is expected to see premiumization gains despite a soft Q2 due to higher rainfall and an elevated base. The company has expanded its brewery capacity by a third in Andhra Pradesh, which, along with improving growth prospects in Maharashtra, is expected to offset excise-related headwinds in Karnataka. Brokerages are positive on the outlook given the focus on the premium segment, expansion, easing supply chain issues, and scope for margin expansion.
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