United Breweries (NSE:UBL) Dividend Payout Ratio: 0.00 (As of Mar. 2026)


NSE:UBL United Breweries Ltd NSE:UBL
78 GF Score
Price ₹1,325.20
GF Value ₹2,163.52
Valuation Significantly Undervalued
! 4 Warning Signs
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What is United Breweries Dividend Payout Ratio?

United Breweries NSE:UBL -2.46% 78 Dividend Payout Ratio is 0.00 as of Mar. 2026. GuruFocus rates NSE:UBL with a GF Score™ of 78/100 and a GF Value™ of ₹2,163.52 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 118 Beverages - Alcoholic companies, United Breweries ranks worse than 67.8% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. United Breweries's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.00.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of United Breweries Ltd is 0.74, which seems too high.

The historical rank and industry rank for United Breweries's Dividend Payout Ratio or its related term are showing as below:

NSE:UBL' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.04   Med: 0.32   Max: 0.85
Current: 0.74

During the past 13 years, the highest Dividend Payout Ratio of United Breweries was 0.85. The lowest was 0.04. And the median was 0.32.

NSE:UBL's Dividend Payout Ratio is ranked worse than
67.8% of 118 companies
in the Beverages - Alcoholic industry
Industry Median: 0.515 vs NSE:UBL: 0.74

As of today (2026-07-09), the Dividend Yield % of United Breweries is 0.75%.

During the past 13 years, the highest Trailing Annual Dividend Yield of United Breweries was 0.76%. The lowest was 0.03%. And the median was 0.35%.

United Breweries's Dividends per Share for the months ended in Mar. 2026 was ₹0.00.

During the past 3 years, the average Dividends Per Share Growth Rate was -1.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 56.10% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 28.40% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of United Breweries was 171.40% per year. The lowest was -37.00% per year. And the median was 26.00% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

United Breweries (NSE:UBL) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

United Breweries Dividend Payout Ratio Related Terms

United Breweries Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for United Breweries's Dividend Payout Ratio 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 Dividend Payout Ratio Chart

United Breweries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.04 0.85 0.48 0.57 0.71

United Breweries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Dividend Payout Ratio 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 0.00 0.00 5.68 0.00 0.00

NSE:UBL vs BUD, STZ, TAP: Dividend Payout Ratio Comparison

For the Beverages - Brewers subindustry, United Breweries's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, United Breweries's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where United Breweries's Dividend Payout Ratio falls into.


NSE:UBL
78GF Score
United Breweries Ltd NSE:UBL
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

United Breweries Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

United Breweries's Dividend Payout Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Mar. 2026 )/ EPS without NRI (A: Mar. 2026 )
=10/ 14.092
=0.71

United Breweries's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=0/ 1.397
=0.00

* 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 Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.00 mean?
United Breweries (NSE:UBL) has a Dividend Payout Ratio of 0.00 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on United Breweries and its competitors. Over the past decade, United Breweries' Dividend Payout Ratio has ranged from 0.04 to 0.85. According to the industry distribution chart, United Breweries ranks #80 out of 118 companies in the Beverages - Alcoholic industry, placing it in the top 67.8%.
Is United Breweries' Dividend Payout Ratio too high?
United Breweries' current Dividend Payout Ratio is 0.00. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 0.85. Based on the distribution chart, United Breweries ranks #80 out of 118 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, United Breweries has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does United Breweries' Dividend Payout Ratio compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, United Breweries ranks #80 out of 118 companies for Dividend Payout Ratio. This places United Breweries in the lower half of its industry. The industry median Dividend Payout Ratio is 0.52. Historically, United Breweries' own Dividend Payout Ratio has ranged from 0.04 to 0.85 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a Beverages - Alcoholic company?
The median Dividend Payout Ratio among Beverages - Alcoholic companies is 0.52, based on 118 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio 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 Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on United Breweries and its competitors. For the Beverages - Alcoholic industry, the median Dividend Payout Ratio is 0.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Breweries's current Dividend Payout Ratio is 0.00. 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 ₹2,163.52, compared to a current price of ₹1,325.20 — trading 38.7% below its estimated fair value. The current Dividend Payout Ratio is 0.00. United Breweries' overall GF Score™ is 78/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For United Breweries (NSE:UBL), the current Dividend Payout Ratio is 0.00 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 ₹1,325.20 is trading 38.7% below its estimated GF Value™ of ₹2,163.52. GuruFocus considers United Breweries to be Significantly Undervalued.

Key valuation signals for NSE:UBL:

  • Dividend Payout Ratio: 0.00
  • GF Value™: ₹2,163.52 vs. price of ₹1,325.20 (38.7% below fair value)
  • GF Score™: 78/100 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.
78GF Score

Get the complete analysis for NSE:UBL

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

₹1,325.20
Price
₹2,163.52
GF Value