Outcome of the Meeting of the Board of Directors of United Breweries Limited ('the Company') held today, i.e., August 04, 2026

August 04, 2026 BSE Limited National Stock Exchange of India Limited Scrip Code: 532478 Symbol: UBL Dear Sir, Sub: Outcome of the Meeting of the Board of Directors of United Breweries Limited (‘the Company’) held today, i.e., August 04, 2026 In continuation of our intimation dated July 06, 2026, and pursuant to Regulations 30 (read with Para A of Part A of Schedule III) and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’), read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, we hereby inform that the Board of Directors of the Company, at its meeting held today, i.e. Tuesday, August 04, 2026, inter-alia, has considered and approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026, as recommended by the Audit Committee. The Board Meeting commenced at 12:20 p.m. (IST) and concluded at 06.15 p.m. (IST). Further, pursuant to Regulation 33 of the SEBI Listing Regulations, please find enclosed herewith as Annexure I: a) Statement of Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026; and b) Limited Review Report dated August 04, 2026, issued by the Statutory Auditors of the Company with respect to the said Unaudited Standalone and Consolidated Financial Results and taken on record by the Board of the Company. The said information is also being made available on the website of the Company www.unitedbreweries.com Kindly take the same on your record. Thanking you, Yours faithfully, For UNITED BREWERIES LIMITED NIKHIL MALPANI Company Secretary & Compliance Officer Encl: As above Annexure-I UNITED BREWERIES LIMITED ~ Registered office: UB Tower, UB City, 24, Vittal Mallya Road, Bengaluru -560001 Phone: 080 -45655000 Fax: 080 -22211964, 22229488 CIN: L36999KA1999PLC025195 Email: ublinvestor@ubmail.comWebsite:www.unitedbreweries.com Rs. in Lakhs Statement of standalone financial results for the quarter ended June 30, 2026 Particulars Quarter ended Year ended June 30, March 31, June 30, March 31, 2026 2026 2025 2026 Unaudited (refer Unaudited Unaudited Audited Note 8) 1 INCOME (a) Revenue from operations (gross of excise duty) 5,91,745 4,40,614 5,37,888 17,45,621 (b) Other income 5,064 782 1,095 4,463 Total income 5,96,809 4,41,396 5,38,983 17,50,084 2 EXPENSES (a) Cost of materials consumed 1,64,308 1,11,443 1,54,487 5,00,444 (b) Purchase of traded goods 4,278 5,666 8,034 30,477 (c) Changes in inventories of finished goods, work-in-progress 12,275 5,581 1,965 (13,222) and stock-in-trade (d) Excise duty on sale of products 2,85,258 2,15,834 2,51,646 8,22,355 (e) Employee benefits expense 15,763 14,217 13,797 55,836 (f) Contract employee expense 5,742 5,213 5,998 19,852 (g) Finance costs 2,304 2,904 1,117 7,172 (h) Depreciation and amortisation expense 8,569 7,591 6,284 27,161 (i) Other expenses 75,851 68,746 70,909 2,49,351 Total expenses 5,74,348 4,37,195 5,14,237 16,99,426 3 Profit before exceptional items and tax 22,461 4,201 24,746 50,658 4 Exceptional items (refer Note 6) - 7,404 5,531 5 Profit before tax 22,461 11,605 24,746 56,189 6 Tax expense (a) Current tax 6,609 2,015 6,834 16,352 (b) Deferred tax credit (787) (577) (459) (1,479) Total tax expense 5,822 1,438 6,375 14,873 7 Profit for the period/year 16,639 10,167 18,371 41,316 8 Other comprehensive income (OCI} Items that will not be reclassified to profit or loss in subsequent periods Re-measurement gains on defined benefit plans (31) (600) 1,572 1,258 Income tax effect on above 8 151 (396) (317) Total other comprehensive (loss)/income, net of taxes (23) (449) 1,176 941 9 Total comprehensive income for the period/year 16,616 9,718 19,547 42,257 10 Paid up equity share capital (Face value of Re. 1 each) 2,644 2,644 2,644 2,644 11 Other equity 4,49,087 12 Earnings per equity share in Rs. (nominal value per share Re. 1)** (a) Basic 6.29 3.85 6.95 15.63 (b) Diluted 6.29 3.85 6.95 15.63 **Not annualised for interim periods See accompanying notes to the standalone financial results NOTES TO THE STANDALONE FINANCIAL RESULTS 1. The standalone financial results of the United Breweries Limited ("the Company") for the quarter ended June 30, 2026 have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on August 04, 2026. These results have been reviewed by the statutory auditors and have issued an unqualified review report on the same. 2. The standalone financial results have been prepared in accordance with the recognition and measurement principles laid down in the applicable accounting standards prescribed under Section 133 of the Companies Act, 2013, read with the Companies (Indian Accounting Standards) Rules, 2015, as amended, and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. 3. The Company received an order dated September 24, 2021 under Section 27 of the Competition Act, 2002 from the Competition Commission of India ("CCI") ('the CCI Order'), wherein the CCI concluded that the Company and certain executives (including former executives) of the Company contravened the provisions of Section 3 of the Competition Act, 2002. The CCI levied a penalty of Rs. 75,183 Lakhs on the Company. On December 8, 2021, the Company filed an appeal against the aforesaid CCI Order before the National Company Law Appellate Tribunal ('NCLAT'). The NCLAT vide its order dated December 22, 2021 has granted a stay of the CCI Order during the pendency of the appeal filed by the Company with the NCLAT, including recovery of the penalty imposed by the CCI, subject to deposit of 10% of the penalty amount by the Company. On December 23, 2022, NCLAT passed its judgment and dismissed the appeals filed by the Company and other appellants. The Company filed appeal against NCLAT order dated December 23, 2022 before the Supreme Court of India on January 30, 2023 under Section 53T of the Competition Act, 2002. On February 17, 2023, after hearing the arguments of the counsel for the Company and the CCI, the Supreme Court admitted the appeal and stayed the NCLAT Order (and consequently, the CCI Order ,;md the recovery proceeding initiated by the CCI), subject to a deposit of additional 10% of the total penalty amount, over and above the amount already deposited. Other non-current assets include Rs.18,762 Lakhs deposited in the form of Fixed Deposit Receipts with the Registrar, NCLAT relating to the matter discussed below. The Company is currently unable to determine, with certainty, recovery of this asset and its final obligation relating to penalties, if any. The matter is currently sub judice before the Hon'ble Supreme Court. Based on the external legal advice, the management of the Company is of the view that the Director General of CCI and the NCLAT has not considered all aspects of its submissions particularly considering the nature of the regulations governing the manufacture, distribution and sale of beer in India. As per the external legal advice, while the Company has a strong case on merits, there exists uncertainty relating to the final outcome in this matter, as it is subject to judicial proceedings. Accordingly, the Company is not in a position to reliably estimate the final obligation relating to penalties, if any, and no provision has been recorded in the books of account and the same has been considered as a contingent liability. 4. The Company has set up a plant in Bihar on land taken on lease from the Bihar State Government ("the Government"). The Government vide its notification dated April 5, 2016 had imposed ban on trade and consumption of alcoholic beverages and vide its notification dated January 24, 2017 had imposed ban on manufacture of alcoholic beverages in the State of Bihar. The Company had filed a writ petition with the High Court at Patna against notification dated Apr [Showing first 8,000 characters — download PDF for full document]