About United Breweries Limited

Headquartered in Bangalore, United Breweries Limited (UBL) is India’s largest beer company with a legacy of 100+ years and a flagship portfolio led by Kingfisher alongside premium international beers from the HEINEKEN family. It operates 21 breweries across India, sells in 50 international markets, and reported 202 million cases sold in FY25.

Its portfolio comprises 22 alcoholic and 4 non-alcoholic products, including Heineken Original/Silver, Amstel (incl. Amstel Grande), Kingfisher Premium/Strong/Ultra/Ultra Max/Ultra Witbier, London Pilsner, Zingaro, Cannon 10000 and more; in non-alcoholic, Heineken 0.0, Kingfisher packaged drinking water and premium sodas.

As of March 31, 2025, UBL has one subsidiary—Maltex Malsters Limited (51%)—and an associate, Kingfisher East Bengal Football Team Pvt. Ltd.

Key milestones in FY25 included the India launch of Amstel Grande (November 2024) and wider roll-outs/activations for Heineken Silver (e.g., Nagpur, Nasik; relaunch in Karnataka).

United Breweries Limited Business Segments 

• UBL reports two operating segments: Beer (manufacture/purchase/sale, including brand licensing) and Non-alcoholic beverages. 
• In FY25, segment revenue (Rs lakh) was Beer 19,39,552 and Non-alcoholic 528, i.e., ~99.97% Beer / 0.03% Non-alcoholic of total revenue.
• Geography (by customer location): India Rs 19,12,328 lakh (~98.57%); Outside India Rs 27,752 lakh (~1.43%). Non-current operating assets are in India.

United Breweries Limited Key Management 

• Anand Kripalu — Chairperson – Non-Executive Independent Director.

• Vivek Gupta — Managing Director & Chief Executive Officer.

• Jorn Elimar Kersten — Director & Chief Financial Officer.

• Board (non-executive) — Manu Anand; Geetu Gidwani Verma; Subramaniam Somasundaram; Jan Cornelis van der Linden; Radovan Sikorsky; Yolanda Talamo; Dr. Ranjan Ramdas Pai.

• Senior Management (select) — Wiggert Deelen / Xavier Jadin (Senior Director – Supply Chain); Vikram Bahl (Director – Marketing); Rakesh Kumar (Director – Sales); Suresh Mandalika (Director – Digital & Technology).

• Company Secretary & Compliance Officer — Nikhil Malpani.

Latest Updates on United Breweries Limited

• Premiumisation momentum: Kingfisher Ultra portfolio grew 38% (Ultra Max +59%) with ~2% share gain in premium beer; Premium segment grew ~32% overall.

• Heineken Silver: Strong growth (e.g., Mumbai +22%, Goa +65%, Karnataka +54%) and relaunch in Karnataka; marquee sports/music activations (UEFA, F1).
  Annual Report 2024-2025

• Amstel Grande: Launched in Maharashtra, West Bengal, and Uttar Pradesh; West Bengal reached ~5% of premium strong beer market within three months; expansion to Karnataka, Goa, and Daman planned.

• Capex & capacity: Rs 254 crore capex in FY25; announced Rs 750 crore greenfield brewery in Uttar Pradesh, targeted operational by Q4 FY27.

• Volumes: Broad-based 6% volume growth.