The report rates United Breweries ADD with a target of Rs 1,325 (12% upside) and states it holds an estimated 30-35% beer market share in Tamil Nadu with two breweries.
Read this note →United Breweries Limited
NSE UBL BSE 532478 INE686F01025
0 filings · 0 analysed
1,225.50
+1.74%
over 5 days
Prices from Yahoo Finance, NSE close, delayed — indicative only, not for dealing.
Targets, and what happened next
What each house published, and where the price has gone since. Orivam issues no calls of its own and takes no view on these.
| House | Published | Call | Entry | Target | Now | Progress | Standing |
|---|---|---|---|---|---|---|---|
| HDFC Securities | 29 Oct 2026, 07:42 | long | 1,191.70 | 1,325.00 | 1,189.70 | -2% | open by 2027-10-29 |
Deadlines: 0 stated by the house, the rest set by Orivam’s convention — ten trading days for a technical call, twelve months for a price target. A target with no date cannot be judged, so one has to be chosen.
What the desks said
The report upgrades United Breweries from Reduce to ADD with an unchanged Sep-28 target price of INR1,325, citing strong Q2FY27 revenue growth of 23.7% YoY, 200bps gross margin expansion to 44.8%, and a 385bps YoY OPM expansion to 10.2%, alongside a 13% EBITDA upgrade for FY27E.
Read this note →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.
Read this note →Announcement timeline
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