01 Oct 2026, 16:21 IST
United Breweries Limited
HDFC Securities · REDUCE · target INR 1,325/sh
The note says UBL should post ~12% volume-led revenue growth with EBITDA up 29% and adjusted PAT up 21% on a depressed base, but flags that margin recovery to double digits could be delayed by West Asia-related cost headwinds.
From Alcobev Q2FY27 Results Preview HSIE, written by HDFC Securities. Orivam summarised it; the view is HDFC Securities's, not Orivam's.
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