United Breweries (NSE:UBL) EBIT: ₹6,340 Mil (TTM As of Mar. 2026)


NSE:UBL United Breweries Ltd NSE:UBL
74 GF Score
Price ₹1,328.80
GF Value ₹2,162.20
Valuation Significantly Undervalued
! 4 Warning Signs
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What is United Breweries EBIT?

United Breweries NSE:UBL -0.58% 74 EBIT is ₹6,340 Mil as of Mar. 2026. GuruFocus rates NSE:UBL with a GF Score™ of 74/100 and a GF Value™ of ₹2,162.20 (Significantly Undervalued). The stock has 4 warning signs investors should review.

United Breweries's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was ₹1,454 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹6,340 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. United Breweries's annualized ROC % for the quarter that ended in Mar. 2026 was 3.02%. United Breweries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 13.29%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. United Breweries's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 1.77%.


United Breweries  (NSE:UBL) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

United Breweries's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=2526.8 * ( 1 - 12.42% )/( (0 + 73167.4)/ 1 )
=2212.97144/73167.4
=3.02 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=96925.7 - 17992.4 - ( 5765.9 - max(0, 50331.5 - 62261.6+5765.9))
=73167.4

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

United Breweries's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=5814.4/( ( (0 + max(0, 0)) + (25498.9 + max(18241.5, 0)) )/ 1 )
=5814.4/( ( 0 + 43740.4 )/ 1 )
=5814.4/43740.4
=13.29 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(29439.8 + 21502.8 + 5553.1) - (17992.4 + 0 + 20261.8)
=18241.5

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

United Breweries's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=6340.1/358428.195
=1.77 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


United Breweries EBIT Related Terms


United Breweries EBIT Historical Data

* Premium members only.

The historical data trend for United Breweries's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

United Breweries EBIT Chart

United Breweries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5,090.80 4,217.40 5,578.40 6,179.70 6,340.10

United Breweries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,379.50 2,590.50 804.50 1,491.50 1,453.60

NSE:UBL vs STZ, TAP: EBIT Comparison

For the Beverages - Brewers subindustry, United Breweries's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


United Breweries EV-to-EBIT vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, United Breweries's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where United Breweries's EV-to-EBIT falls into.


NSE:UBL
74GF Score
United Breweries Ltd NSE:UBL
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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United Breweries EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹6,340 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of ₹6,340 Mil mean?
United Breweries (NSE:UBL) has a EBIT of ₹6,340 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on United Breweries.
Is United Breweries' EBIT too high?
United Breweries' current EBIT is ₹6,340 Mil. Overall, United Breweries has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does United Breweries' EBIT compare to STZ and TAP?
United Breweries' EBIT of ₹6,340 Mil can be compared against companies in the Beverages - Alcoholic industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Beverages - Alcoholic company?
A good EBIT depends on the Beverages - Alcoholic industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on United Breweries. United Breweries's current EBIT is ₹6,340 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Breweries stock overvalued right now?
Based on GuruFocus' analysis, United Breweries (NSE:UBL) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹2,162.20, compared to a current price of ₹1,328.80 — trading 38.5% below its estimated fair value. The current EBIT is ₹6,340 Mil. United Breweries' overall GF Score™ is 74/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For United Breweries (NSE:UBL), the current EBIT is ₹6,340 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is United Breweries (NSE:UBL) Overvalued in 2026?

Based on GuruFocus' analysis, United Breweries stock appears to be undervalued. The current stock price of ₹1,328.80 is trading 38.5% below its estimated GF Value™ of ₹2,162.20. GuruFocus considers United Breweries to be Significantly Undervalued.

Key valuation signals for NSE:UBL:

  • EBIT: ₹6,340 Mil
  • GF Value™: ₹2,162.20 vs. price of ₹1,328.80 (38.5% below fair value)
  • GF Score™: 74/100 with 4 warning signs

No single metric tells the full story. See the NSE:UBL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


United Breweries Business Description

Other Exchanges 532478:India
Address No. 24, Vittal Mallya Road, UB Tower, UB City, Bengaluru, KA, IND, 560001
United Breweries Ltd brews and sells beer and flavored malt beverages in India. The company has dozens of production facilities in India, and it licenses its brands to be manufactured in the United Kingdom, Australia, and New Zealand. The company's flagship brand is Kingfisher, which is prominent in India and is sold in dozens of countries around the world. It has two segments Beer and Non-alcoholic beverages. It derives the majority of its revenue from the Beer segment. The company's other brands include Bullet, Cannon 10000, Kalyani, UB Export, Zingaro, London Pilsner, and Heineken among others. Geographically, it derives key revenue from its business in India and the rest from other regions.
74GF Score

Get the complete analysis for NSE:UBL

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹1,328.80
Price
₹2,162.20
GF Value