United Breweries : Financial Results - March Q4 2023

	May 06, 2023
1. The Secretary-Listing Department	2. The Manager- Listing Department
BSE Limited	National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers,	Exchange Plaza, 5th Flr., Plot. C/1, G Block
Dalal Street, Fort	Bandra-Kurla Complex, Bandra (East)
Mumbai - 400 023	Mumbai - 400 051
Scrip Code: 532478	Scrip Code: UBL
Dear Sir,
Sub: Newspaper Advertisement

Pursuant to Regulation 47 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclosed herewith copies of newspapers editions regarding (i) Audited Financial Results (Standalone & Consolidated) of the Company for the Year ended March 31, 2023 (ii) Unaudited Financial Results (Standalone & Consolidated) of the Company for the Quarter ended March 31, 2023 and (iii) Statement of Cash Flows and Statement of Assent & Liabilities (Standalone & Consolidated) of the Company for the year ended March 31, 2023 along with the Notes to the Results, duly published in the Financial Express and Kannada Prabha newspapers respectively on May 06, 2023.

Kindly take the same on record.

Thanking you,

Yours faithfully,

For UNITED BREWERIES LIMITED

Amit

Khera

Digitally signed by Amit Khera Date: 2023.05.06 11:45:11 +05'30'

AMIT KHERA

Head Company Secertary and Compliance Officer Encl: a/a

FINANCIAL EXPRESS - 06/05/2023

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: [e-mail], Website: www.unitedbreweries.com

Rs.

Statement of audited consolidated financial results for the quarter and year ended March 31, 2023

					Quarter ended		Year ended
	Particulars		March 31,	December 31,	March 31,	March 31,	March 31,
	2023	2022	2022	2023	2022
				Unaudited*	Unaudited	Audited*	Audited	Audited
	1. INCOME
	(a) Revenue from operations (gross of excise duty)	4,08,101	3,70,049	3,66,471	16,65,109	13,12,392
	(b) Other Income	1,179	1,305	1,305	4,943	2,979
	Total income
	4,09,280	3,71,354	3,67,776	16,70,052	13,15,371
	2. EXPENSES
	(a) Cost of materials consumed	1,10,674	88,632	83,661	4,22,476	2,70,729
	(b) Purchases of traded goods	994	3,148	4,847	9,247	19,582
	(c) Changes in inventories of finished goods,
		work-in-progress and stock-in-trade	(3,548)	(1,718)	(1,139)	(5,187)	2,301
	(d) Excise duty on sale of products	2,31,513	2,08,747	1,95,554	9,15,117	7,28,548
	(e) Employee benefits expense (refer Note 6)	11,729	10,335	8,781	41,183	38,755
	(f) Contract employee expense	4,296	4,231	3,838	18,368	13,557
	(g) Finance costs	122	160	250	464	1,478
	(h) Depreciation and amortisation expense	5,072	5,023	5,324	21,059	21,719
	(i) Other expenses	47,080	45,534	44,782	2,02,282	1,69,258
	Total expenses	4,07,932	3,67,528	3,45,898	16,25,009	12,65,927
	3. Profit before exceptional items and tax	1,348	3,826	21,878	45,043	49,444
	4. Exceptional items (refer Note 7)	-	(3,312)	-	(3,312)	-
5.	Profit before tax	1,348	514	21,878	41,731	49,444
6.	Tax expense	90	1,810	5,181	12,035	13,203
		(a) Current tax
		(b) Deferred tax charge/(credit)	271	(1,115)	319	(772)	(367)
		Total tax expense	361	695	5,500	11,263	12,836
	7. Profit/(loss) for the period/year		987	(181)	16,378	30,468	36,608
8.	Other comprehensive income/(loss)(OCI)
		Items that will not be reclassified to profit or loss in subsequent periods
		Re-measurement gains/(losses) on defined benefit plans	425	(43)	(1,22)	457	80
		Income tax effect on above	(107)	11	31	(115)	(20)
		Total other comprehensive income/(loss), net of taxes	318	(32)	(91)	342	60
	9. Total comprehensive income/(loss) for the period/year	1,305	(213)	16,287	30,810	36,668
	10. Profit/(loss) for the period/year attributable to:	981	(197)	16,340	30,398	36,546
		Equity shareholders of the Holding Company
		Non-controlling interest	6	16	38	70	62
	11. Other comprehensive income/(loss)(OCI) attributable to:	987	(181)	16,378	30,468	36,608
	318	(32)	(91)	342	60
		Equity shareholders of the Holding Company
		Non-controlling interest	-	-	-	-	-
	12. Total comprehensive income/(loss) for the period/year attributable to:	318	(32)	(91)	342	60
	1,299	(229)	16,249	30,740	36,606
		Equity shareholders of the Holding Company
		Non-controlling interest	6	16	38	70	62
	13. Paid up equity share capital (Face value of Re.1 each)	1,305	(213)	16,287	30,810	36,668
	2,644	2,644	2,644	2,644	2,644
14.	Other equity					3,93,845	3,90,868
	15. Earnings per equity share in Rs. (nominal value per share Re.1)**	0.37	(0.07)	6.18	11.50	13.82
		(a) Basic
		(b) Diluted	0.37	(0.07)	6.18	11.50	13.82

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: [e-mail], Website: www.unitedbreweries.com

		Rs. in Lakhs
Statement of Audited consolidated assets and liabilities
Particulars	As at March 31,	As at March 31,
2023	2022
	Audited	Audited
ASSETS
Non-current assets
(a) Property, plant and equipment	1,83,235	1,89,008
(including right of use assets)
(b) Capital work-in-progress	7,713	10,989
(c) Intangible assets	1,223	1,638
(d) Goodwill on consolidation	645	645
(e) Financial assets
(i) Investments	805	835
(ii) Others	4,676	4,816
(f) Income tax assets (net)	22,138	20,199
(g) Deferred tax asset (net)	4,501	3,844
(h) Other non-current assets	34,458	25,044
Current assets	2,59,394	2,57,018
(a) Inventories	1,42,781	93,581
(b) Financial assets
(i) Trade recievables	1,40,732	1,25,486
(ii) Cash and cash equivalents	32,986	86,260
(iii) Bank balances other than (ii) above	6,543	4,708
(iv) Other financial assets	104	115
(c) Other current assets	45,013	27,275
(d) Asset held for sale	3,68,159	3,37,425
486	488
Total assets	3,68,645	3,37,913
6,28,039	5,94,931
EQUITY AND LIABILITIES
Equity	2,644	2,644
(a) Equity share capital
(b) Other equity	3,93,845	3,90,868
Equity attributable to equity holders of holding company	3,96,489	3,93,512
Non-controlling interest	461	414
Liabilities	3,96,950	3,93,926
Non-current liabilities
(a) Financial Liabilities		606
(i) Lease liabilities	1,074
(ii) Other financial liabilities	1,845	2,497
(b) Provisions	424	441
Current liabilities	3,343	3,544
(a) Financial Liabilities
(i) Lease liabilities	488	368
(ii) Trade payables	9,530	9,158
- Total outstanding dues to micro and small enterprises
- Total outstanding dues of creditors other than	62,168	54,642
micro and small enterprises
(iii) Other financial liabilities	77,835	55,810
(b) Other current liabilities	67,518	67,261
(c) Provisions	10,207	10,222
Total liabilities	2,27,746	1,97,461
2,31,089	2,01,005
Total equity and liabilities	6,28,039	5,94,931

• Not annualised for interim periods Segment information (also refer note 3)

NOTES:

1. The consolidated financial results of United Breweries Limited ("the Holding Company") and its subsidiary (together referred to as "the Group") for the quarter and year ended March 31, 2023 have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on May 04, 2023. The consolidated financial results does not include the Holding Company's share of net profit/loss in respect of Kingfisher East Bengal Football Team Private Limited, an associate, which is considered as not material to the Group. The consolidated financial results for the quarter and year ended March 31, 2022 were audited by previous auditors who had expressed an unqualified audit opinion.
2. The consolidated 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. As per Ind AS 108, operating segment isa component of the Groupthat engages in business activities,whose operating results are regularly reviewed by the Group's Chief Operating Decision Maker ('CODM') to make decisions about resources to be allocated to the segment and assess its performance; and for which discrete financial information is available.Accordingly, the Group has identified its operating segments, as below:
4. 1. Beer - This segment includes manufacture, purchase and sale of beer including licensing of brands
   2. Non-alcoholicbeverages - This segment includes manufacture, purchase and sale of non-alcoholic beverages

Considering the seasonality of the business, the revenue and profits do not accrue evenly over the year in respect of aforesaid operating segments.The Group's CODM does not review assets and liabilities for each operating segment separately, hence segment disclosures relating to total assets and liabilities have not been furnished.

1. The Holding 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 Holding Company and certain executives (including former executives) of the Holding Company contravened the provisions of Section 3 of the Competition Act, 2002. The CCI levied a penalty of Rs 75,183 Lakhs on the Holding Company. On December 8, 2021, the Holding 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 granted a stay of the CCI Order during the pendency of the appeal, including recovery of the penalty imposed by the CCI, subject to deposit of 10% of the penalty amount by the Holding Company. The Holding Company accordingly deposited Rs. 7,518 Lakhs in the form of Fixed Deposit Receipt (FDR) with the Registrar, NCLAT which is presented under "Other non-current assets". The FDR was valid till December 24, 2022 and as per NCLAT order dated December 8 , 2022 the FDR aggregating to Rs.7,793 Lakhs was renewed for another period of six months. On December 23, 2022 NCLAT passed its judgment and dismissed the appeals filed by the Holding Company and other appellants. The Holding 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 Holding Company and the CCI, the Supreme Court admitted the appeal and stayed the NCLAT Order (and consequently, the CCI Order and 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 by way of the First FDR before the Registrar, NCLAT. The Holding Company has accordingly deposited additionally Rs. 7,518 Lakhs in the form of FDR with the Registrar, NCLAT which is presented under "Other non-current assets" in all aggregating to Rs. 15,311 Lakhs.
   Based on the advice of the external legal experts, the Holding Company is of the view that the Director General, the 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 advised by the Holding Company's external legal experts, the Holding Company has a strong case on merits, there exists uncertainty relating to the final outcome in this matter, which is dependent on judicial proceedings; and that it is not in a position to reliably estimate the final obligation relating to penalties, if any. Accordingly, no provision has been recorded in the books of account and the same has been considered as a contingent liability in accordance with Ind AS 37 - Provisions, Contingent Liabilities and Contingent Assets.
2. The Bihar State Government ("the Government") vide its notification dated April 5, 2016 had imposed ban on trade and consumption of alcoholic beverages in the State of Bihar. The Holding Company had filed a writ petition with the High Court at Patna, requesting remedies and compensation for losses incurred on account of such abrupt notification, which was allowed by Patna High Court and against which the Government preferred a special leave petition before the Supreme Court of India. Further, the Government did not renew brewery licenses for the financial year 2017- 18 onwards and consequently the Holding Company discontinued production of beer at Bihar. The matter is currently pending before the Supreme Court for final conclusion.
   During the financial year 2018-19, in order to maintain the assets in running condition, the Holding Company commenced manufacture of non-alcoholic beverages at its existing manufacturing facility at Bihar using its existing property, plant and equipment. The Holding Company carried out an impairment assessment of its property, plant and equipment and the recoverable amount for these property, plant and equipment is determined by an external valuer based on a fair value less cost of disposal calculation.

Effective May 1, 2022, the Holding Company has closed its manufacturing operations from Bihar unit and has made alternative arrangement for manufacturing non-alcoholic beverages on contract basis with a third-party contractor, considering the economies of scale of operations for non-alcoholic beverages. The Holding Company has received a show cause notice dated June 25, 2022 from Bihar Industrial Area Development Authority (BIADA) for cancellation of its land lease at Bihar considering non-operation of the manufacturing unit. The Holding Company, based on legal advice, has filed its response to the said show-cause notice stating that there has been no violation of the BIADA Act and the notice to the Holding Company is not maintainable. BIADA thereafter, issued another show cause notice dated November 2, 2022 to start production within 30 days failing which the allotment of land would be cancelled forfeiting the allotment money. The Holding Company sought six months' time to commence production as per the Amnesty Scheme of BIADA. However, BIADA cancelled allotment of land to the Holding Company vide order dated December 16, 2022 against which the Holding Company filed a writ before the High Court of Patna. The High Court vide order dated January 25, 2023 has directed to maintain status quo and also directed the Holding Company to file undertaking that it will commence commercial production in the unit.

The Holding Company has filed undertaking in High Court that it will start commercial production in the unit after BIADA recalls the order of cancellation. Subsequently, on February 08,2023 the High Court directed BIADA to take a policy decision to deal with the situation arising out of the action of BIADA in present petition and identical matters. The matter is pending with the High Court.

The Management is planning to restart production of non-alcoholic beverages in the unit. As at March 31, 2023, the carrying value of property, plant and equipment at Bihar is Rs. 8,797 Lakhs (net of impairment). Recoverable value is determined based on the higher of value in use and fair value less cost of disposal. In determining the fair value less cost of disposal, the Company evaluated and concluded its right to transfer the leasehold land after considering contractual rights available to the Company under the BIADAAct.

6.Employee benefits expense for the year ended March 31, 2022 and March 31, 2023 includes severance pay of Rs. 1,748 Lakhs and Rs. 409 Lakhs respectively, paid/payable to certain employees of the Holding Company on separation.

1. The change in the operating models in the states of Tamil Nadu and Andhra Pradesh, has seen recent volumes decline in these states inter alia on account of the post integration review undertaken by Heineken. This resulted in lower cash inflows due to reduction in revenue, which triggered an impairment review being performed across property, plant and equipment of the breweries in the two states. As a result, the impacted assets were reviewed for impairment on an asset-by-asset basis and an impairment of Rs 3,312 Lakhs was recorded on the property, plant and equipment for the two states and presented as an exceptional item in the consolidated financial results. Management is reviewing opportunities to restore volumes in the states and, as such whilst there is no plan of restructuring as on date, potential risks of the Holding company incurring additional costs remain.
2. The Holding Company had received orders from the Debt Recovery Tribunal, Karnataka, Bangalore (DRT), whereby the Holding Company has been directed not to pay/release amounts that may be payable with respect to shares in the Holding Company held by an erstwhile director (including his joint holdings) and certain other shareholders, without its prior permission; accordingly, the Holding Company has withheld payment of Rs. 3,812 Lakhs (net of taxes) relating to dividend on aforesaid shares. Further, the Holding Company had received various orders from tax and provident fund authorities prohibiting the Holding Company from making any payment to an erstwhile director; accordingly the Holding Company has withheld payment of Rs. 45 Lakhs (net of TDS), relating to director commission and sitting fees payable to the aforesaid erstwhile director.
3. The Board of Directors of the Holding Company has proposed dividend of Rs.7.50 per equity share of Re. 1 each amounting to Rs. 19,830 Lakhs for the year ended March 31, 2023. The proposed dividend on equity shares is subject to approval at the ensuing annual general meeting and accordingly has not been recognised as a liability as at the year end.
4. The Code on Social Security, 2020 ("the Code) which would impact the contributions by the Group towards Provident Fund and Gratuity, has received Presidential assent in September 2020. The Code have been published in the Gazette of India. However, the date from which the Code will come into effect has not been notified. The Ministry of Labour and Employment (Ministry) has released draft rules for the Code on November 13, 2020 and has invited suggestions from stake holders which are under active consideration by the Ministry. The Group will complete its evaluation and will give appropriate impact in its consolidated financial results in the period in which the Code becomes effective and the related rules are published.
5. The consolidated financial results for the year ended March 31, 2023 have been audited and for the quarter ended March 31, 2023 have been reviewed by the statutory auditors of the Company. The figures of the last quarter ended March 31, 2023 / 2022 are the balancing figures between audited figures in respect of the full financial year up to March 31, 2023 / 2022 and the unaudited published year-to-date figures up to December 31, 2022 / 2021, being the date of the end of the third quarter of the respective financial year, which were subjected to limited review.
6. Previous year/periods figures have been regrouped/reclassified to confirm with the classification adopted in these consolidated financial results.
7. The consolidated financial results and notes are also available on the websites of the Stock Exchanges viz. www.bseindia.comand www.nseindia.com and also on the website of the Company viz. www.unitedbreweries.com.

	By the authority of the Board,
Place : Bengaluru	Sd/-
Rishi Pardal
Date : May 04, 2023	Managing Director

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: [e-mail], Website: www.unitedbreweries.com

Rs. in Lakhs

Audited consolidated cash flow statement for the year ended March 31, 2023

Particulars	March	March
31, 2023	31, 2022
	Audited	Audited
A Cash flow from operating activities
profit before tax	47,731	49,444
Adjustments for:	21,059	21,719
Depreciation and amortisation expense
Bad debts/advances written off	-	301
Loss allowance for trade receivables	818	1,720
Provision for doubtful advances/deposits	181	620
Unrealised exchange differences (net)	(148)	48
Net (gain)/loss on sale of property, plant and equipment	(135)	(8)
Profit on sale of investments	-	(54)
Liabilities no longer required written back	(297)	(479)
Loss allowance for trade receivables, no longer	(4)	(217)
required written back
impairment loss on property, plant and equipment	3,312	-
(included under exceptional items)
Interest expense	443	1,464
Interest income	(3,341)	(1,528)
Operating profits before working capital changes	63,619	73,030
Changes in working capital:	(49,200)	20,087
(Increase)/decrease in Inventories
(Increase)/decrease in Trade receivables	(16,132)	12,169
(Increase)/decrease in Other financial assets	300	(76)
(Increase)/decrease in Other assests	(27,564)	(4,574)
Increase/(decrease) in Trade payables	8,425	1,676
Increase/(decrease) in Other financial liabilities	21,887	6,631
Increase/(decrease) in Other current liabilities and provisions	682	(5,974)
Cash generated from operations	2,017	1,02,969
Direct taxes paid (net of refund)	(13,974)	(13,007)
Net cash from/(used in) operating activities (A)	(11,957)	89,962
B. Cash flow from Investing activities
Purchase of property, plant and equipment including
capital work-in-progress, intangible assets and capital advances	(15,628)	(17,355)
Proceeds from sale of property, plant and equipment	198	77
Investments in equity and debts securities	-	(300)
Proceeds from sale of equity and debit securities	30	125
investments in bank deposits(having original of more
than three months)	(616)	(173)
Redemption/maturity of bank deposits (having original maturity of
more than three months)	581	122
Interest received	3,352	1,497
Net cash (used in) investing activities (B)	(12,083)	(16,007)
C. Cash flow from financing activities	-	(25,000)
Repayment of long-term borrowings
Payment of lease liabilities	(998)	(492)
Repayment of short-term borrowings (net)	-	(17)
Interest paid	(451)	(1,812)
Dividend paid*	(27,785)	(1,344)
Net cash (used in) financing activities (C)	(29,234)	(28,665)
Net increase/(decrease) in cash and cash equivalents (A+B+C)	(53,274)	45,290
Cash and cash equivalents at the beginning of the year	86,260	40,970
Cash and cash equivalents at the end of the year	32,986	86,260

*Includes amount transferred to separate bank accounts earmarked for unpaid dividend and also includes dividend paid for non-controlling interest.

Segment information (also refer Note 3)

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: [e-mail], Website: www.unitedbreweries.com	Rs.
		Quarter ended			Year ended
Particulars	March 31,	December 31,	March 31,		March 31,		March 31,
2023	2022	2022		2023		2022
	Unaudited*	Unaudited	Audited*		Audited		Audited
1. Segment revenue
Beer	4,07,991	3,70,028	3,65,870		16,64,115		13,09,404
Non-alcoholic beverages	110	21	601		994		2,988
Total segment revenue
4,08,101	3,70,049	3,66,471		16,65,109		13,12,392
2. Segment results
Beer	9,721	12,587	30,383		76,009		84,080
Non-alcoholic beverages	(266)	(2,201)	(1,528)		(3,734)		(6,510)
Total segment results
9,455	10,386	28,855		72,275		77,570
Other income	1,179	1,305	1,305		4,943		2,979
Finance costs	(122)	(160)	(250)		(464)		(1,478)
Other unallocable expenses	(9,164)	(7,705)	(8,032)		(31,711)		(29,627)
Profit before exceptional items and tax	1,348	3,826	21,878		45,043		49,444
Exceptional items (refer Note 7)	-	(3,312)	-		(3,312)		-
Profit before tax	1,348	514	21,878		41,731		49,444

See accompanying notes to theconsolidated financial results *Refer note 11

FINANCIAL EXPRESS - 06/05/2023

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: [e-mail], Website: www.unitedbreweries.com

Rs.

Statement of audited standalone financial results for the quarter and year ended March 31, 2023

					Quarter ended		Year ended
		Particulars	March 31,	December 31,	March 31,	March 31,	March 31,
		2023	2022	2022	2023	2022
				Unaudited*	Unaudited	Audited*	Audited	Audited
1.	INCOME
		(a) Revenue from operations (gross of excise duty)	4,07,960	3,69,851	3,66,240	16,64,288	13,11,741
		(b) Other Income	1,163	1,297	1,298	4,927	2,966
		Total income
		4,09,123	3,71,148	3,67,538	16,69,215	13,14,707
2.	EXPENSES
		(a) Cost of materials consumed	1,10,891	88,806	83,894	4,23,321	2,71,394
		(b) Purchases of traded goods	994	3,148	4,847	9,247	19,582
		(c) Changes in inventories of finished goods,
		work-in-progress and stock-in-trade	(3,559)	1,741	(1,151)	(5,140)	2,289
		(d) Excise duty on sale of goods	2,31,513	2,08,747	1,95,554	9,15,117	7,28,548
		(e) Employee benefits expense (refer Note 6 )	11,626	10,237	8,675	40,776	38,379
		(f) Contract employee expense	4,296	4,231	3,838	18,368	13,557
		(g) Finance Costs	122	160	250	464	1,478
		(h) Depreciation and amortisation expense	5,065	5,016	5,318	21,032	21,691
		(i) Other expenses	46,854	45,276	44,550	2,01,173	1,68,500
		Total expenses	4,07,802	3,67,362	3,45,775	16,24,358	12,65,418
3.	Profit before exceptional items and tax	1,321	3,786	21,763	44,857	49,289
4.	Exceptional items (refer Note 7)	-	(3,312)	-	(3,312)	-
5.	Profit before tax		1,321	474	21,763	41,545	49,289
6.	Tax expense	76	1,801	5,151	11,967	13,159
		(a) Current tax
		(b) Deferred tax charge/(credit)	272	(1,113)	316	(768)	(371)
		Total tax expense	348	688	5,467	11,199	12,788
7.	Profit/(loss) for the period/year	973	(214)	16,296	30,346	36,501
8.	Other comprehensive income/(loss)(OCI)
		Items that will not be reclassified to profit or loss in subsequent periods
		Re-measurement gain (losses) on defined benefit plans	425	(43)	(122)	457	80
		Income tax effect on above	(107)	11	31	(115)	(20)
		Total other comprehensive income/(Loss), net of taxes	318	(32)	(91)	342	60
9.	Total comprehensive income/(loss) for the period/year	1,291	(246)	16,205	30,688	36,561
	10. Paid up equity share capital (Face value of Re.1 each)	2,644	2,644	2,644	2,644	2,644
	11. Other equity				3,93,482	3,90,557
	12. Earnings per equity share in Rs. (nominal value per share Re.1)**
	0.37	(0.08)	6.17	11.48	13.81
		(a) Basic
		(b) Diluted	0.37	(0.08)	6.17	11.48	13.81

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: [e-mail], Website: www.unitedbreweries.com

		Rs. in Lakhs
Statement of Audited standalone assets and liabilities
Particulars	As at March 31,	As at March 31,
2023	2022
	Audited	Audited
ASSETS
Non-current assets
(a) Property, plant and equipment (including right of	1,83,089	1,88,838
use assets)
(b) Capital work-in-progress	7,708	10,989
(c) Intangible assets	1,223	1,638
(d) Financial assets
(i) Investments	1,570	1,600
(ii) Other financial assets	4,078	4,417
(e) Income tax assets (net)	22,134	20,195
(f) Deferred tax asset (net)	4,496	3,843
(g) Other non-current assets	34,427	25,012
Current Assets	2,58,725	2,56,532
(a) Inventories	1,42,597	93,441
(b) Financial assets
(i) Trade recievables	1,40,707	1,25,450
(ii) Cash and cash equivalents	32,952	86,238
(iii) Bank balances other than (ii) above	6,543	4,536
(iv) Other financial assets	104	115
(c) Other current assets	45,009	27,271
(d) Asset held for sale	3,67,912	3,37,051
486	488
Total assets	3,68,398	3,37,539
6,27,123	5,94,071
EQUITY AND LIABILITIES
Equity	2,644	2,644
(a) Equity share capital
(b) Other equity	3,93,482	3,90,557
Liabilities	3,96,126	3,93,201
Non-current liabilities
(a) Financial Liabilities
(i) Lease liabalities	1,074	606
(ii) Other financial liabilities	1,845	2,497
(b) Provisions	417	441
Current liabilities	3,336	3,544
(a) Financial Liabilities

• Not annualised for interim periods Segment information (also refer Note 3)

NOTES:

1. The standalone financial results of the United Breweries Limited ("the Company") for the quarter and year ended March 31, 2023 have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on May 04, 2023. The standalone financial results for the quarter and year ended March 31, 2022 were audited by S.R. Batliboi & Associates LLP, Chartered Accountants, the predecessor auditors who have expressed an unqualified audit opinion.
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. As per Ind AS 108, operating segment is a component of the Company that engages in business activities, whose operating results are regularly reviewed by the Company's Chief Operating Decision Maker ('CODM') to make decisions about resources to be allocated to the segment and assess its performance; and for which discrete financial information is available. Accordingly, the Company has identified its operating segments, as below:
4. 1. Beer - This segment includes manufacture, purchase and sale of beer including licensing of brands
   2. Non-alcoholicbeverages - This segment includes manufacture, purchase and sale of non-alcoholic beverages

Considering the seasonality of the business, the revenue and profits do not accrue evenly over the year in respect of aforesaid operating segments. The Company's CODM does not review assets and liabilities for each operating segment separately, hence segment disclosures relating to total assets and liabilities have not been furnished.

1. 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 granted a stay of the CCI Order during the pendency of the appeal, including recovery of the penalty imposed by the CCI, subject to deposit of 10% of the penalty amount by the Company. The Company accordingly deposited Rs. 7,518 Lakhs in the form of Fixed Deposit Receipt (FDR) with the Registrar, NCLAT which is presented under "Other non-current assets". The FDR was valid till December 24, 2022 and as per NCLAT order dated December 8, 2022 the FDR aggregating to Rs. 7,793 Lakhs was renewed for another period of six months. 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 and 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 by way of the First FDR before the Registrar, NCLAT. The Company has accordingly deposited additionally Rs. 7,518 Lakhs in the form of FDR with the Registrar, NCLAT which is presented under "Other non-current assets" in all aggregating to Rs. 15,311 Lakhs.
   Based on the advice of the external legal experts, the Company is of the view that the Director General, the 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 advised by the Company's external legal experts, the Company has a strong case on merits, there exists uncertainty relating to the final outcome in this matter, which is dependent on judicial proceedings; and that it is not in a position to reliably estimate the final obligation relating to penalties, if any. Accordingly, no provision has been recorded in the books of account and the same has been considered as a contingent liability in accordance with Ind AS 37 - Provisions, Contingent Liabilities and Contingent Assets.
2. The Bihar State Government ("the Government") vide its notification dated April 5, 2016 had imposed ban on trade and consumption of alcoholic beverages in the State of Bihar. The Company had filed a writ petition with the High Court at Patna, requesting remedies and compensation for losses incurred on account of such abrupt notification, which was allowed by Patna High Court and against which the Government preferred a special leave petition before the Supreme Court of India. Further, the Government did not renew brewery licenses for the financial year 2017- 18 onwards and consequently the Company discontinued production of beer at Bihar. The matter is currently pending before the Supreme Court for final conclusion. During the financial year 2018-19, in order to maintain the assets in running condition, the Company commenced manufacture of non-alcoholic beverages at its existing manufacturing facility at Bihar using its existing property, plant and equipment. The Company carried out an impairment assessment of its property, plant and equipment and the recoverable amount for these property, plant and equipment is determined by an external valuer based on a fair value less cost of disposal calculation.

Effective May 1, 2022, the Company has closed its manufacturing operations from Bihar unit and has made alternative arrangement for manufacturing non-alcoholic beverages on contract basis with a third-party contractor, considering the economies of scale of operations for non-alcoholic beverages. The Company has received a show cause notice dated June 25, 2022 from Bihar Industrial Area Development Authority (BIADA) for cancellation of its land lease at Bihar considering non- operation of the manufacturing unit. The Company, based on legal advice, has filed its response to the said show-cause notice stating that there has been no violation of the BIADA Act and the notice to the Company is not maintainable. BIADA thereafter, issued another show cause notice dated November 2, 2022 to start production within 30 days failing which the allotment of land would be cancelled forfeiting the allotment money. The Company sought six months' time to commence production as per the Amnesty Scheme of BIADA. However, BIADA cancelled allotment of land to the Company vide order dated December 16, 2022 against which the Company filed a writ before the High Court of Patna. The High Court vide order dated January 25, 2023 has directed to maintain status quo and also directed the Company to file undertaking that it will commence commercial production in the unit. The Company has filed undertaking in High Court that it will start commercial production in the unit after BIADA recalls the order of cancellation. Subsequently, on February 08,2023, the High Court directed BIADA to take a policy decision to deal with the situation arising out of the action of BIADA in present petition and identical matters. The matter is pending with the High Court.

The Management is planning to restart production of non-alcoholic beverages in the unit. As at March 31, 2023, the carrying value of property, plant and equipment at Bihar is Rs. 8,797 Lakhs (net of impairment).

Recoverable value is determined based on the higher of value in use and fair value less cost of disposal. In determining the fair value less cost of disposal, the Company evaluated and concluded its right to transfer the leasehold land after considering contractual rights available to the Company under the BIADAAct.

6.Employee benefits expense for the year ended March 31, 2022 and March 31, 2023 includes severance pay of Rs. 1,748 Lakhs and Rs. 409 Lakhs respectively, paid/payable to certain employees of the Company on separation.

1. The change in the operating models in the states of Tamil Nadu and Andhra Pradesh, has seen recent volumes decline in these states inter alia on account of the post integration review undertaken by Heineken. This resulted in lower cash inflows due to reduction in revenue, which triggered an impairment review being performed across property, plant and equipment of the breweries in the two states. As a result, the impacted assets were reviewed for impairment on an asset-by-asset basis and an impairment of Rs 3,312 Lakhs was recorded on the property, plant and equipment for the two states and presented as an exceptional item in the standalone financial results. Management is reviewing opportunities to restore volumes in the states and, as such whilst there is no plan of restructuring as on date, potential risks of the company incurring additional costs remain.
2. The Company had received orders from the Debt Recovery Tribunal, Karnataka, Bangalore (DRT), whereby the Company has been directed not to pay/release amounts that may be payable with respect to shares in the Company held by an erstwhile director (including his joint holdings) and certain other shareholders, without its prior permission; accordingly, the Company has withheld payment of Rs. 3,812 Lakhs (net of taxes) relating to dividend on aforesaid shares. Further, the Company had received various orders from tax and provident fund authorities prohibiting the Company from making any payment to an erstwhile director; accordingly the Company has withheld payment of Rs. 45 Lakhs (net of TDS) relating to director commission and sitting fees payable to the aforesaid erstwhile director.
3. The Code on Social Security, 2020 ("the Code) which would impact the contributions by the Company towards Provident Fund and Gratuity, has received Presidential assent in September 2020. The Code have been published in the Gazette of India. However, the date from which the Code will come into effect has not been notified. The Ministry of Labour and Employment (Ministry) has released draft rules for the Code on November 13, 2020 and has invited suggestions from stake holders which are under active consideration by the Ministry. The Company will complete its evaluation and will give appropriate impact in its standalone financial results in the period in which the Code becomes effective and the related rules are published.
4. The Board of Directors of the Company has proposed dividend of Rs.7.50 per equity share of Re. 1 each amounting to Rs. 19,830 Lakhs for the year ended March 31, 2023. The proposed dividend on equity shares is subject to approval at the ensuing annual general meeting and accordingly has not been recognised as a liability as at the year end.
5. The standalone financial results for the year ended March 31, 2023 have been audited and for the quarter ended March 31, 2023 have been reviewed by the statutory auditors of the Company.The figures of the last quarter ended March 31, 2023 / 2022 are the balancing figures between audited figures in respect of the full financial year up to March 31, 2023 / 2022 and the unaudited published year-to-date figures up to December 31, 2022 / 2021, being the date of the end of the third quarter of the respective financial year, which were subjected to limited review.
6. Previous year/periods figures have been regrouped/reclassified to confirm with the classification adopted in these standalone financial results.
7. The standalone financial results and notes are also available on the websites of the Stock Exchanges viz. www.bseindia.comand www.nseindia.com and also on the website of the Company viz. www.unitedbreweries.com.

	By the authority of the Board,
Place : Bengaluru	Sd/-
Rishi Pardal
Date : May 04, 2023	Managing Director

(i) Lease liabalities	488	368
(ii) Trade payables	9,529	9,144
- Total outstanding dues to micro and small enterprises
- Total outstanding dues of creditors other than	62,110	54,625
micro and small enterprises
(iii) Other financial liabilities	77,821	55,719
(b) Other current liabilities	67,514	67,256
(c) Provisions	10,199	10,214
Total Liabilities	2,27,661	1,97,326
2,30,997	2,00,870
Total equity and liabilities	6,27,123	5,94,071

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: [e-mail], Website: www.unitedbreweries.com

Rs. in Lakhs

Audited standalone statement of cash flows for the year ended March 31, 2023

Particulars	Year to date ended
March 31, 2023	March 31,2022
	Audited	Audited
A Cash flow from operating activities
Profit before tax	41,545	49,289
Adjustments for:	21,032	21,691
Depreciation and amortisation expense
Bad debts/advances written off	-	301
Loss allowance for trade receivables	818	1,720
Provision for doubtful advances/deposits	181	620
Unrealised exchange differences (net)	(148)	48
Net (gain)/(loss) on sale of property, plant and equipment	(146)	(11)
Profit on sale of investments	-	(54)
Liabilities no longer required written back	(297)	(479)
Loss allowance for trade receivables, no longer	(4)	(217)
required written back
Impairment loss on property, plant and equipment	3,312	-
(included under exceptional items)
Interest expense	443	1,464
Interest income	(3,312)	(1,499)
Dividend income	(23)	(23)
Operating profits before working capital changes	63,401	72,850
Changes in working capital:	(49,156)	20,088
(Increase)/decrease in Inventories
(Increase)/decrease in Trade receivables	(16,143)	12,188
(Increase)/decrease in Other financial assets	307	(77)
(Increase)/decrease in Other assests	(27,565)	(4,510)
Increase/(decrease) in Trade payables	8,361	1,689
Increase/(decrease) in Other financial liabilities	21,960	6,612
Increase/(decrease) in Other current liabilities	676	(5,975)
and provisions
Cash generated from operations	1,841	1,02,865
Direct taxes paid (net of refund)	(13,906)	(12,958)
Net cash from/(used in) operating activities (A)	(12,065)	89,907
B. Cash flow from Investing activities
Purchase of property, plant and equipment including
capital work-in-progress, intangible assets and
capital advances	(15,614)	(17,333)
Proceeds from sale of property, plant and equipment	203	79
Investments in equity and debt securities	-	(300)
Proceeds from sale of investments	30	125
Investments in bank deposits (having original
maturity of more than three months)	(56)	(150)
Redemption/maturity of bank deposits (having
original maturity of more than three months)	46	122
Interest received	3,323	1,468
Dividend received from subsidiary company	23	23
Net cash used in investing activities (B)	(12,045)	(15,966)
C. Cash flow from financing activities	-	(25,000)
Repayment of long-term borrowings
Payment of lease liabilities	(998)	(492)
Repayment of short-term borrowings (net)	-	(17)
Interest paid	(415)	(1,812)
Dividend paid to equity shareholders*	(27,763)	(1,322)
Net cash used in financing activities (C)	(29,176)	(28,643)

Segment information (also refer Note 3)

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: [e-mail], Website: www.unitedbreweries.com	Rs.
		Quarter ended			Year ended
Particulars	March 31,	December 31,	March 31,		March 31,		March 31,
2023	2022	2022		2023		2022
	Unaudited*	Unaudited	Audited*		Audited		Audited
1. Segment revenue
Beer	4,07,850	3,69,830	3,65,639		16,63,294		13,08,753
Non-alcoholic beverages	110	21	601		994		2,988
Total seghment revenue
4,07,960	3,69,851	3,66,240		16,64,288		13,11,741
2. Segment results
Beer	9,710	12,555	30,275		75,839		83,938
Non-alcoholic beverages	(266)	(2,201)	(1,528)		(3,734)		(6,510)
Total segment results
9,444	10,354	28,747		72,105		77,428
Other income	1,163	1,297	1,298		4,927		2,966
Finance costs	(122)	(160)	(250)		(464)		(1,478)
Other unallocable expenses	(9,164)	(7,705)	(8,032)		(31,711)		(29,627)
Profit before exceptional items and tax	1,321	3,786	21,763		44,857		49,289
Exceptional items (refer Note 7)	-	(3,312)	-		(3,312)		-
Profit before tax	1,321	474	21,763		41,545		49,289

See accompanying notes to the standalone financial results *Refer note 11

Net increase/(decrease) in cash and cash equivalents
(A+B+C)	(53,286)	45,298
Cash and cash equivalents at the beginning of the year	86,238	40,940
Cash and cash equivalents at the end of the year	32,952	86,238

*Includes amount transferred to separate bank accounts earmarked for unpaid dividend.

KANNADA PRABHA - 06/05/2023

AiÀÄÄ£ÉÊmÉqï §ÆæªÉjÃ¸ï °«ÄmÉqï

			24,		¹n,				- 560 001.
				Phone: [phone]. Fax: [phone]
		CIN: L36999KA1999PLC025195, Email: [e-mail], website: www.unitedbreweries.com
	31						Drmï
«ªÀgÀUÀ¼ÀÄ
			31	31	,	31		31	31
					2023		2022		2022	2023	2022
					*	Drmï DV®èzÀ		*
1.
(a)				4,07,960		3,69,851		3,66,240	16,64,288	13,11,741
(b)				1,163		1,297		1,298	4,927	2,966
					4,09,123		3,71,148		3,67,538	16,69,215	13,14,707
2.
(a)					1,10,891		88,806		83,894	4,23,321	2,71,394
(b)			Rjâ		994		3,148		4,847	9,247	19,582
©					(3,559)		1,741		(1,151)	(5,140)	2,289
(d)
				2,31,513		2,08,747		1,95,554	9,15,117	7,28,548
(e)				6	11,626		10,237		8,675	40,776	38,379
(f)					4,296		4,231		3,838	18,368	13,557
(g)	º				122		160		250	464	1,478
(h)					5,065		5,016		5,318	21,032	21,691
(i)					46,854		45,276		44,550	2,01,173	1,68,500
3.					4,07,802		3,67,362		3,45,775	16,24,358	12,65,418
		®Á¨		1,321		3,786		21,763	44,857	49,289
4.		7			-		(3,312)		-	(3,312)	-
5.	®Á¨				1,321		474		21,763	41,545	49,289
6.					76		1,801		5,151	11,967	13,159
(a)	É
(b)			)		272		(1,113)		316	(768)	(371)
			348		688		5,467	11,199	12,788
7.					973		(214)		16,296	30,346	36,501
8.
					425		(43)		(122)	457	80
				À	(107)		11		31	(115)	(20)
9.				318		(32)		(91)	342	60
				1,291		(246)		16,205	30,688	36,561
10.	C¥ï	PÁå¦lˉï	1		2,644		2,644		2,644	2,644	2,644
11.										3,93,482	3,90,557
12.	(	1		)**
(a)					0.37		(0.08)		6.17	11.48	13.81
(b)					0.37		(0.08)		6.17	11.48	13.81

• C®
  3

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11.		31,	2023	.	31, 2023 / 2022			CAQ		31,	2023
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																-
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	:		04,	2023

3

24,	¹n,	- 560 001.
Phone: [phone]. Fax: [phone]
CIN: L36999KA1999PLC025195, Email: [e-mail], website: www.unitedbreweries.com

	31	31	,	31	2022		31	31
	2023		2022			2023	2022
	Drmï DV®èzÀ*	Drmï DV®èzÀ			*
1.
©Ãgï	4,07,850		3,69,830		3,65,639		16,63,294	13,08,753
	110		21		601		994	2,988
	4,07,960		3,69,851		3,66,240		16,64,288	13,11,741
2.	9,710		12,555		30,275		75,839	83,938
©Ãgï
	(266)		(2,201)		(1,528)		(3,734)	(6,510)
MlÄ	9,444		10,354		28,747		72,105	77,428
	1,163		1,297		1,298		4,927	2,966
	(122)		(160)		(250)		(464)	(1,478)
	(9,164)		(7,705)		(8,032)		(31,711)	(29,627)
®Á¨	1,321		3,786		21,763		44,857	49,289
	-		(3,312)		-		(3,312)	-
	1,321		474		21,763		41,545	49,289
11

AiÀÄÄ£ÉÊmÉqï §ÆæªÉjÃ¸ï °«ÄmÉqï

24,	¹n,			- 560 001.
Phone: [phone]. Fax: [phone]
CIN: L36999KA1999PLC025195, Email: [e-mail],
	website: www.unitedbreweries.com
«ªÀgÀUÀ¼ÀÄ	31	2023	31	2022

(a)			1,83,089	1,88,838
(b)			7,708	10,989
(c)			1,223	1,638
(d)			1,570	1,600
(i)
(ii)			4,078	4,417
(e)			22,134	20,195
(f)			4,496	3,843
(g)			34,427	25,012
			2,58,725	2,56,532
(a)			1,42,597	93,441
(b)
(I)			1,40,707	1,25,450
(ii)	¨ÁåAPï		32,952	86,238
(iii) F	(ii)	¨ÁåAPï	6,543	4,536
(iv)			104	115
(c)			45,009	27,271
(d)			3,67,912	3,37,051
		486	488
MlÄÖ D¹ÛUÀ¼ÀÄ		3,68,398	3,37,539
	6,27,123	5,94,071
	¸Á®
(a)			2,644	2,644
(b)			3,93,482	3,90,557
¸Á®			3,96,126	3,93,201
(a)
(i)			1,074	606
(ii)			1,845	2,497
(b)			417	441
¸Á®			3,336	3,544
(a)
(i)			488	368
(ii)			9,529	9,144
-
-			62,110	54,625
(iii)			77,821	55,719
		67,514	67,256
(b)
		10,199	10,214
(c)			2,27,661	1,97,326
			2,30,997	2,00,870
			6,27,123	5,94,071

24,	¹n,			- 560 001.
	Phone: [phone]. Fax: [phone]
CIN: L36999KA1999PLC025195, Email: [e-mail], website: www.unitedbreweries.com
31,				.
		31	31
		2023	2022
A		41,545	49,289
		21,032	21,691
/	.	-	301
.		818	1,720
		181	620
		(148)	48
		(146)	(11)
¯Á¨		-	(54)
	.	(297)	(479)
	.	(4)	(217)
		3,312	-
		443	1,464
		(3,312)	(1,499)
		(23)	(23)
		63,401	72,850
/		(49,156)	20,088
	(16,143)	12,188
/
	307	(77)
/
	(27,565)	(4,510)
/
	8,361	1,689
/
	21,960	6,612
/
/		676	(5,975)
		1,841	1,02,865
	A)	(13,906)	(12,958)
	(12,065)	89,907
B.
Rjâ
		(15,614)	(17,333)
		203	79
¸Á® §		-	(300)
	30	125
I¨ÁåAPï
	(56)	(150)
/ ¨ÁåAPï		46	122
		3,323	1,468
	. (B)	23	23
		(12,045)	(15,966)
C.		-	(25,000)
		(998)	(492)
		-	(17)
		(415)	(1,812)
		(27,763)	(1,322)
	(C)	(29,176)	(28,643)
	(A+B+C)	(53,286)	45,298
		86,238	40,940
		32,952	86,238
	¨ÁåAPï			.

KANNADA PRABHA - 06/05/2023

					24,		¹n,				- 560 001.
						Phone: [phone]. Fax: [phone]
		CIN: L36999KA1999PLC025195, Email: [e-mail], website: www.unitedbreweries.com
		31							Drmï
							31	31	,	31		31	31
							2023		2022		2022	2023	2022
							*	Drmï DV®èzÀ		*
1.
	(a)						4,08,101		3,70,049		3,66,471	16,65,109	13,12,392
	(b)						1,179		1,305		1,305	4,943	2,979
							4,09,280		3,71,354		3,67,776	16,70,052	13,15,371
2.
	(a)						1,10,674		88,632		83,661	4,22,476	2,70,729
	(b)				Rjâ		994		3,148		4,847	9,247	19,582
©						(3,548)		1,718		(1,139)	(5,187)	2,301
	(d)
						2,31,513		2,08,747		1,95,554	9,15,117	7,28,548
	(e)						11,729		10,335		8,781	41,183	38,755
	(f)						4,296		4,231		3,838	18,368	13,557
	(g)	º					122		160		250	464	1,478
	(h)						5,072		5,023		5,324	21,059	21,719
	(i)						47,080		45,534		44,782	2,02,282	1,69,258
							4,07,932		3,67,528		3,45,898	16,25,009	12,65,927
3.				®Á¨		1,348		3,826		21,878	45,043	49,444
4.		8				-		(3,312)		-	(3,312)	-
5.	®Á¨					1,348		514		21,878	41,731	49,444
6.
	(a)					90		1,810		5,181	12,035	13,203
	(b)					271		(1,115)		319	(772)	(367)
7.						361		695		5,500	11,263	12,836
®Á¨					987		(181)		16,378	30,468	36,608
8.
							425		(43)		(122)	457	80
			/	,			(107)		11		31	(115)	(20)
9.				318		(32)		(91)	342	60
					1,305		(213)		16,287	30,810	36,668
10.						981		(197)		16,340	30,398	36,546
							6		16		38	70	62
							987		(181)		16,378	30,468	36,608
11.				.		318		(32)		(91)	342	60
							-		-		-	-	-
12.					.	318		(32)		(91)	342	60
				1,299		(229)		16,249	30,740	36,606
							6		16		38	70	62
13.	C¥ï	PÁå¦l¯ï	1		1,305		(213)		16,287	30,810	36,668
	2,644		2,644		2,644	2,644	2,644
14.	(				)**						3,93,845	3,90,868
15.	1
	(a)						0.37		(0.07)		6.18	11.50	13.82
	(b)						0.37		(0.07)		6.18	11.50	13.82

• C®
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1.		31,								("¢
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3.		(IND AS 108)				.
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10.
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11.		31,	2023	.	31, 2023 / 2022			CAQ			31,	2023
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																				-
	:	: ªÄÃ	04, 2023															j²

24,

¹n,

- 560 001.

Phone: [phone]. Fax: [phone] CIN: L36999KA1999PLC025195, Email: [e-mail],

website: www.unitedbreweries.com

31

2021

31

2020

(a)				1,83,235	1,89,008
(b)				7,713	10,989
(c)				1,223	1,638
(d) §®	ð	®		645	645
(e)
(I)				805	835
(ii)				4,676	4,816
(f)				22,138	20,199
(g)				4,501	3,844
(h)				34,458	25,044
				2,59,394	2,57,018
(a)				1,42,781	93,581
(b)				1,40,732	1,25,486
(I)
(ii)		¨ÁåAPï		32,986	86,260
(iii)	F	(ii)	¨ÁåAPï	6,543	4,708
(iv)				104	115
(c)				45,013	27,275
(d)				3,68,159	3,37,425
			486	488
				3,68,645	3,37,913
				6,28,039	5,94,931
		¸Á®
(a)				2,644	2,644
(b)				3,93,845	3,90,868
				3,96,489	3,93,512
	§r		461	414
¸Á®				3,96,950	3,93,926
(a)				1,074	606
(i)				1,845	2,497
(ii)				424	441
(b)				3,343	3,544
¸Á®
(a)
(i)				488	368
(ii)				9,530	9,158
-
-				62,168	54,642
(iii)				77,835	55,810
(b)				67,518	67,261
(c)				10,207	10,222
				2,27,746	1,97,461
				2,31,089	2,01,005
				6,28,039	5,94,931

3

	24,			¹n,					- 560 001.
			Phone: [phone]. Fax: [phone]
CIN: L36999KA1999PLC025195, Email: [e-mail], website: www.unitedbreweries.com
			31	31	,	31	2020	31			31
			2021		2020			2021		2020
			*	Drmï		*
1.			4,07,991		3,70,028		3,65,870		16,64,115		13,09,404
©Ãgï
			110		21		601		994		2,988
			4,08,101		3,70,049		3,66,471		16,65,109		13,12,392
2.			9,721		12,587		30,383		76,009		84,080
©Ãgï
			(266)		(2,201)		(1,528)		(3,734)		(6,510)
MlÄ			9,455		10,386		28,855		72,275		77,570
			1,179		1,305		1,305		4,943		2,979
			(122)		(160)		(250)		(464)		(1,478)
			(9,164)		(7,705)		(8,032)		(31,711)		(29,627)
	®Á¨		1,348		3,826		21,878		45,043		49,444
(	8		-		(3,312)		-		(3,312)		-
			1,348		514		21,878		41,731		49,444
11

24,	¹n,		- 560 001.
	Phone: [phone]. Fax: [phone]
CIN: L36999KA1999PLC025195, Email: [e-mail], website: www.unitedbreweries.com
31,			.
«ªÀgÀUÀ¼ÀÄ		31	31
		2023	2022
A		47,731	49,444
		21,059	21,719
/	.	-	301
	.	818	1,720
	181	620
		(148)	48
		(135)	(8)
¯Á¨		-	(54)
.	(297)	(479)
	.	(4)	(217)
		3,312	-
		443	1,464
		(3,341)	(1,528)
		63,619	73,030
/		(49,200)	20,087
/		(16,132)	12,169
/		300	(76)
/		(27,564)	(4,574)
/		8,425	1,676
/		21,887	6,631
/
	682	(5,974)
		2,017	1,02,969
	A)	(13,974)	(13,007)
	(11,957)	89,962
B.		(15,628)	(17,355)
Rjâ
		198	77
		-	(300)
		30	125
I¨ÁåAPï		(616)	(173)
/ ¨ÁåAPï
	581	122
	. (B)	3,352	1,497
	(12,083)	(16,007)
C.		-	(25,000)
		(998)	(492)
		-	(17)
		(451)	(1,812)
		(27,785)	(1,344)
	©	(29,234)	(28,665)
	(A+B+C)	(53,274)	45,290
		86,260	40,970
		32,986	86,260

¨ÁåAPï

.