The brewer anticipates third-quarter gross margins to settle between 43% and 45% following a September quarter aided by regulatory shifts and favorable weather comparisons. Management previously warned that infrastructure damage will prevent input costs from returning to pre-conflict levels even if geopolitical hostilities subside. The company also adjusted its projected margin impact for the final quarter of FY26 down to ₹350-400 crore from an earlier ₹400-500 crore estimate. Furthermore, delayed price approvals in key states like Telangana have restricted reinvestment and eroded market share against active competitors.
Key points
Strong September quarter growth figures should not be extrapolated due to one-off weather…: Strong September quarter growth figures should not be extrapolated due to one-off weather comparisons and regulatory benefits.
Input costs are expected to stay elevated permanently because infrastructure damage preve…: Input costs are expected to stay elevated permanently because infrastructure damage prevents prices from returning to pre-war levels.
United Breweries will sacrifice regional market share to protect profit margins in states…: United Breweries will sacrifice regional market share to protect profit margins in states that withhold pricing approval.
Sources checked by our analysis pipeline: 1
The maker of Kingfisher beer reported a 16% rise in volumes and a 24% increase in net sales in the September quarter but cautioned against extrapolating the performance, which benefited from regulatory changes and a favourable comparison with a weather-hit year-earlier period.
The company expects input-cost pressures linked to the Middle East conflict to persist, with sugar prices also rising. It forecasts gross margins of 43-45%, compared with 44.7% in the September quarter.
"If I'm honest, my expectation is that even if we will hopefully find an end to this war, we won't go back to pre-war pricing if we see that infrastructure in the Middle East has also been heavily impacted. So I don't think that that will happen," he added.
The Heineken-owned company had initially highlighted a ₹400-500 crore margin hit in the last quarter of FY26, which it later revised down to ₹350-400 crore.
Read more: Bandhan Bank Q2 profit jumps 5.6 times as asset quality improves
Strong market demand helped propel the South Korean technology giant to unprecedented financial milestones on Thursday. The massive year-over-year gains reflect substantial momentum across the business while matching the benchmarks anticipated by Wall Street analysts. These historic quarterly figures reinforce the company's financial stability and operational scale in a competitive global landscape.
Robust domestic cargo handling and rapidly expanding overseas terminals helped propel the port operator's recent quarterly performance. Fleet additions and logistics recovery also provided significant operational momentum despite regional disruptions from the ongoing West Asia crisis. Strong half-year cash generation has prompted management to upgrade both full-year revenue targets and capital expenditure plans.
The technology and retail giant implemented workforce cuts to streamline internal operations and bolster overall corporate productivity. Impacted personnel received official notices early Wednesday morning via text messages and emails. This communication approach aligns with the company's established operational practices for delivering reduction notifications.