A day after clocking a healthy gain of 5% and extending gains for the second consecutive session, United Breweries shares declined almost 3% in morning trade on the BSE on Thursday, 29 October. United Breweries share price opened at ₹1,191.35 against its previous close of ₹1,199.75 and declined 3% to an intraday low of ₹1,164.
The stock is witnessing volatility due to profit booking after rising nearly 6% in the last two sessions.
The stock witnessed healthy gains in the previous session after the company reported its September quarter (Q2FY27) results.
In an exchange filing on 27 September, the company said its Q2FY27 consolidated profit rose 191% year-on-year (YoY) to ₹135.31 crore. In the same quarter last year, the company's profit was ₹46.52 crore.
Revenue from operations for the quarter jumped 23.7% YoY to ₹4,623 crore from ₹3,737.31 crore in Q2FY26.