How has been the historical performance of United Breweries?

Answer:The historical performance of United Breweries shows a consistent growth in net sales and profit over the years, with notable fluctuations in expenses and profit margins. Breakdown: United Breweries has experienced a steady increase in net sales from INR 4,243.09 crore in March 2021 to INR 8,915.09 crore in March 2025. This growth is accompanied by a rise in total operating income, which reached INR 8,915.09 crore in March 2025, up from INR 4,243.09 crore in March 2021. However, the raw material costs have also increased significantly, from INR 1,965.16 crore in March 2021 to INR 4,936.73 crore in March 2025. Operating profit, excluding other income, has shown variability, peaking at INR 875.84 crore in March 2020 and dropping to INR 840.81 crore in March 2025. Profit before tax has improved from INR 169.41 crore in March 2021 to INR 605.11 crore in March 2025, while profit after tax has also risen from INR 113.83 crore in March 2021 to INR 442.41 crore in March 2025. The earnings per share have increased from INR 4.28 in March 2021 to INR 16.71 in March 2025, reflecting a positive trend in profitability. Despite these gains, the operating profit margin has fluctuated, reaching a high of 17.58% in March 2019 but settling at 9.43% in March 2025. Overall, United Breweries has shown resilience and growth in its financial performance over the years, despite facing challenges in cost management and profit margins.