United Breweries Q2 FY27 Earnings Call: EBITDA Up 108% Quarter | 28 Oct 2026

United Breweries Q2 FY27 earnings call, held on 28 October 2026: EBITDA Up 108% Quarter. The full analyst Q&A session, with the investor presentation on screen when the company filed one. 🔔 SUBSCRIBE to Concall Central and turn on notifications. Every Indian concall, the day it happens. Never miss one. Results, guidance and the management commentary that moves stocks, in one place. 📌 7 key takeaways from the United Breweries Q2 FY27 concall 1. EBITDA surged 108% quarter on quarter to reach a new high driven by strong pricing actions and margin expansion. 2. Net sales increased by 24% year-on-year while volumes grew 16% reflecting robust demand across the beer category. 3. Gross margin expanded significantly with pricing contributions of 8 percentage points offsetting external cost pressures effectively. 4. Frequent volumes jumped 38% quarter on quarter as the company successfully pushed affordable and mid-tier products. 5. Ultra portfolio delivered impressive growth of 44% while Heineken Silver expanded rapidly at a rate of 67%. 6. Management raised gross margin guidance for the next couple of quarters to a range between 43% and 45%. 7. Commercial spend behind brands increased by around 20 percentage points year-to-date to fuel premiumization and brand power. ⏱️ Chapters 0:00 Q1: What is market growth in Karnataka and Jharkhand? 9:27 Q2: What are your top five or six states? 16:55 Q3: How is Tamil Nadu and Telangana performing? 22:31 Q4: Should we expect continued double-digit volume growth next quarters? 25:26 Analyst question 5 29:36 Q6: How sustainable is volume growth versus price led? 32:55 Q7: Do IPOs threaten our premium segment strategy? ⚠️ Disclaimer: This video is for information and education only. It is not investment advice or a recommendation to buy, sell or hold any security, so please don't make buy or sell decisions based on it. The takeaways are prepared automatically from the call recording and some figures or numbers may contain errors. Always check them against the company's official filings before relying on them, and consult a SEBI-registered adviser before investing. Company: United Breweries Limited Quarter: Q2 FY27 Call date: 28 October 2026 Concall Central: one stop place for concalls & management commentary. 👉 Subscribe so you never miss a concall. Like and share if this helped your research. #Concall #EarningsCall #UBL #Q2FY27 #ConcallCentral #StockMarketIndia