United Breweries Q2 Results Live : United Breweries declared its Q2 results on October 24, 2024, showcasing a remarkable year-over-year profit increase of 23.2%. The company’s topline revenue also rose by 13.13%, highlighting a strong performance despite some challenges in the previous quarter.
However, when compared to the prior quarter, United Breweries experienced a decline in revenue by 18.37% and a profit decrease of 23.84%. This indicates that while the company has seen growth on a yearly basis, it faced setbacks in the short term.
The Selling, General & Administrative expenses saw a decline of 4.64% quarter-on-quarter, but an increase of 5.8% year-over-year, suggesting a need for cost management as the company navigates the fluctuating market conditions.
Operating income was down by 25.3% compared to the previous quarter but showed an impressive increase of 27.52% year-over-year, indicating strong operational growth despite recent challenges.
Earnings Per Share (EPS) for Q2 stood at ₹5, which marks a 23.15% increase year-over-year, further reflecting the company’s profitability amidst fluctuating market dynamics.
Despite this positive quarterly performance, United Breweries has delivered a -0.21% return in the last week and a -2.17% return over the past six months. However, the company has managed to achieve a 10.83% return year-to-date.
As of now, United Breweries has a market capitalization of ₹52,311.24 Crores, with a 52-week high of ₹2204.9 and a low of ₹1547. This range indicates the volatility the stock has experienced over the year.
Analysts’ sentiments are mixed; out of 15 covering analysts, 3 have given a Strong Sell rating, 2 a Sell rating, 2 a Hold rating, while 7 analysts recommend a Buy and 1 analyst has rated it as a Strong Buy. The consensus recommendation as of October 25, 2024, is to Hold.
United Breweries Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 4743.56 | 5811.28 | -18.37% | 4192.86 | +13.13% |
| Selling/ General/ Admin Expenses Total | 175.16 | 183.69 | -4.64% | 165.56 | +5.8% |
| Depreciation/ Amortization | 57.15 | 57.72 | -0.99% | 50.92 | +12.23% |
| Total Operating Expense | 4573.49 | 5583.6 | -18.09% | 4059.49 | +12.66% |
| Operating Income | 170.07 | 227.68 | -25.3% | 133.37 | +27.52% |
| Net Income Before Taxes | 178.28 | 233.44 | -23.63% | 144.03 | +23.78% |
| Net Income | 132.17 | 173.55 | -23.84% | 107.28 | +23.2% |
| Diluted Normalized EPS | 5 | 6.56 | -23.78% | 4.06 | +23.15% |
