UB Sees Q4 Revival as Beer Growth Returns; Premium Portfolio Surges 16%

United Breweries Limited reported a strong close to FY26, with the beer category returning to double-digit growth in the fourth quarter, signalling a recovery led by sustained momentum in its premium portfolio. The company said 80% of its markets recorded growth during Q4, driven by robust performance from premium brands such as Kingfisher Ultra, Kingfisher Ultra Max and Heineken Silver. Beer category growth rebounded to 10% in Q4 FY26, with the company posting gains in both sell-in and sell-out volumes year-on-year. Sell-in volumes rose 4.1%, while sell-out volumes grew in high single digits. Premium volumes significantly outpaced the overall portfolio, registering a 16% increase during the quarter, reinforcing the company’s focus on premiumisation as a key growth lever. Despite the positive volume momentum, net sales for the quarter declined 3%, impacted by source mix, with a higher proportion of volumes coming from contract breweries. Gross profit margin improved sharply to 45

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