Anheuser Busch Inbev Unlisted Shares
Anheuser Busch Inbev (Sabmiller) India Ltd.
INE038G01019
Incorporation Date: 18-Nov-1988
Listing Status: DRHP Not Filed
About Anheuser Busch Inbev Unlisted Shares
Overview of Anheuser Busch Inbev Unlisted Shares
🏢 Company Overview
- Corporate Evolution: Originally incorporated in India in 1988, the entity operated as SABMiller India Limited after a series of acquisitions (including Shaw Wallace's beer portfolio and Foster's India). Post global integration, it was formally renamed Anheuser Busch InBev India Limited.
- Headquarters & Facilities: Headquartered in Mumbai, Maharashtra (with key corporate hubs in Gurugram), the company operates 10+ strategically located breweries across major Indian states.
- Market Standing: Holds a strong duopoly position in the Indian beer market alongside United Breweries (Heineken/UBL), controlling over 25–30% of the total domestic beer market.
- Listing Status: Unlisted public limited company (Promoter entity AB InBev Asia B.V. / SABMiller Asia B.V. holds ~98.5% equity). Fractional shares are actively traded across Indian unlisted/OTC market.
⚙️ Business Model & Revenue Drivers
- Premium & Super-Premium International Brands (High-Margin Engine):
- Budweiser & Budweiser Magnum: Primary revenue driver and market leader in India’s premium beer segment.
- Global Brands: Imports, brews, and distributes global flagships such as Corona Extra, Stella Artois, Hoegaarden, and Beck’s Ice.
- Mass-Market & Strong Beer Division (Volume Driver): Inherited SABMiller’s mass-market brand portfolio, including Haywards 5000, Knock Out, and Royal Challenge, which dominate the strong beer segment (8.0% ABV) in Tier-2/3 regions and South India.
- 7 Rivers Brewing Co.: In-house craft beer brand developed specifically for the Indian urban demographic, operating brewpubs and microbrewery concepts.
- Non-Alcoholic & Beyond-Beer Innovation: Distributes non-alcoholic variants (e.g., Budweiser 0.0, Hoegaarden 0.0) to tap into alcohol-restricted distribution channels, highway outlets, and modern trade supermarkets.
👥 Management & Leadership Structure
- Kartikeya Sharma: President – South Asia / Director (Directs commercial execution and brand strategy across India and South Asian markets).
- Gagandeep Singh Sethi: Whole-Time Director & Senior Operations / Supply Chain Leadership.
- Ben Magda J. Verhaert: Director / Global Group Representative.
- Board of Directors: Includes independent directors such as Ms. Sapna Taneja and Mr. Arun Monappa overseeing audit, compliance, and statutory governance.
📦 Brand & Segment Portfolio
| Portfolio Segment | Flagship Brands | Target Consumer Segment & Position |
| Global Super-Premium | Corona, Stella Artois, Hoegaarden, Leffe | High-income urban consumers, luxury dining, nightlife, and top-tier modern trade. |
| Premium / Mass-Premium | Budweiser, Budweiser Magnum, Beck's Ice | Urban youth, premium dining, and high-volume urban retail. |
| Strong / Regional Mass | Haywards 5000, Knock Out, Royal Challenge | Price-sensitive, volume-driven markets across Tier-2/3 cities and rural belts. |
| Non-Alcoholic | Budweiser 0.0, Hoegaarden 0.0 / Rosée 0.0 | Health-conscious consumers, quick-service retail, and restricted-sale channels. |
Insights of Anheuser Busch Inbev Unlisted Shares
Anheuser-Busch InBev India Limited
Standalone Financial Performance | FY26 vs FY25
All monetary values in ₹ crore, unless otherwise stated.
1. Financial Highlights
Particulars | FY26 | FY25 | YoY Change |
|---|---|---|---|
Net Revenue | 9,297.70 | 7,890.90 | +17.8% |
Total Operating Cost | 9,032.20 | 7,913.70 | +14.1% |
EBITDA | 269.10 | (16.80) | Turned positive |
EBITDA Margin | 2.89% | -0.21% | +310 bps |
Other Income | 3.60 | 6.00 | -40.0% |
Depreciation & Amortisation | 231.10 | 219.90 | +5.1% |
Finance Costs | 112.30 | 119.30 | -5.9% |
Profit Before Tax (PBT) | (74.30) | (356.00) | Loss reduced 79.1% |
Profit After Tax (PAT) | (74.30) | (356.00) | Loss reduced 79.1% |
PAT Margin | -0.80% | -4.51% | +371 bps |
Note: Changes are calculated from the supplied figures. EBITDA margin improvement is approximately 310 basis points, while PAT margin improvement is approximately 371 basis points. Since FY25 EBITDA was negative, a conventional percentage growth rate for EBITDA is not meaningful.
2. Key Financial Insights
Strong Revenue Growth: Revenue increased by 17.8%, from ₹7,890.90 crore in FY25 to ₹9,297.70 crore in FY26. This indicates an expansion in reported sales, although volume growth, pricing and product mix would need to be examined to identify the underlying drivers.
Improved Operating Profitability: EBITDA improved from a loss of ₹16.80 crore to a positive ₹269.10 crore. The EBITDA margin increased from -0.21% to 2.89%, indicating a significant recovery in operating performance. However, the margin remains relatively thin.
Better Operating Cost Efficiency: Total operating costs increased by 14.1%, below revenue growth of 17.8%. This suggests improved operating leverage. Materials consumed and excise duty remain major cost components and should be monitored to assess whether margin improvements can be sustained.
Narrower Net Loss: The reported loss before tax and profit after tax improved from ₹356.00 crore in FY25 to ₹74.30 crore in FY26. The reduction in losses is encouraging, although the company has not yet returned to net profitability.
Lower Finance Costs: Finance costs declined by 5.9%, from ₹119.30 crore to ₹112.30 crore. This provides some relief to earnings. Nevertheless, finance costs remain substantial relative to the reported EBIT of ₹41.60 crore.
Depreciation Continues to Rise: Depreciation and amortisation increased by 5.1% to ₹231.10 crore. This reflects a higher depreciation charge, but the underlying reasons should be confirmed from the asset schedule and capital expenditure disclosures.
Positive Operating Cash Flow: Operating cash flow improved from an outflow of ₹66.00 crore in FY25 to an inflow of ₹210.90 crore in FY26. However, investment spending of ₹344.00 crore resulted in negative simplified free cash flow of ₹138.20 crore after asset purchases.
Weak Liquidity Position: The current ratio declined from approximately 0.66x to 0.65x. Current liabilities exceed current assets, and short-term borrowings increased to ₹1,954.30 crore. This indicates continued pressure on working capital and short-term financial flexibility.
3. Business Overview & Additional Insights
Anheuser-Busch InBev is a global brewing group with an international portfolio of beer brands. The Indian standalone entity's financial performance should be assessed in the context of the brewing industry's production costs, distribution network, taxation, regulatory requirements and working-capital needs.
The supplied statements indicate that revenue growth and improved operating performance have been accompanied by a relatively weak balance sheet and continued investment spending.
Key Business Observations
Operating Recovery: The move from negative to positive EBITDA is a significant improvement. The key challenge is to convert this recovery into sustainable net profit.
Cost Structure and Excise Duty: Excise duty was ₹5,287.80 crore in FY26, making it the largest listed operating cost. Tax treatment and the presentation of excise duty should be considered when comparing margins across brewing businesses.
High Working-Capital Requirements: Inventories increased by 26.8%, while trade receivables increased by 66.5%. Both grew faster than revenue, which may indicate greater working-capital requirements. Receivables ageing and inventory turnover should be examined to determine whether this is temporary or a continuing concern.
Capital Expenditure and Cash Generation: Asset purchases totalled ₹349.10 crore, exceeding operating cash flow of ₹210.90 crore. Such spending may support future capacity or efficiency, but its returns should be assessed through subsequent revenue, margins and cash flow.
Weak Balance Sheet: Negative reserves and surplus of ₹839.40 crore reduced total equity to ₹177.00 crore. Meanwhile, current liabilities reached ₹3,971.70 crore. These figures indicate limited balance-sheet headroom and a need for disciplined financing and liquidity management.
Promoter Support and Ownership: Anheuser-Busch InBev Asia B.V. holds 85.14%, while Anheuser-Busch InBev Breweries Private Limited holds 13.98%. The concentrated ownership may be strategically important, but any expectation of financial support should be verified through disclosed funding arrangements, guarantees or explicit commitments.
4. Key Takeaways
Revenue increased by 17.8% to ₹9,297.70 crore in FY26.
EBITDA turned positive at ₹269.10 crore, with the margin improving to 2.89%.
The net loss narrowed by 79.1%, from ₹356.00 crore to ₹74.30 crore.
Operating cash flow recovered to ₹210.90 crore, although simplified free cash flow remained negative at ₹138.20 crore.
Liquidity remains weak, with a current ratio of 0.65x and negative working capital of ₹1,400.30 crore.
Rising receivables, inventories and short-term borrowings warrant close monitoring.
The priority for FY27 is to improve operating margins, convert earnings into cash and reduce dependence on short-term financing.
Overall assessment: FY26 represents a meaningful operational recovery, but not yet a complete financial turnaround. The business has demonstrated improved revenue and EBITDA performance; sustained profitability, stronger liquidity and better cash conversion remain the key tests for future financial performance.
Financial Charts of Anheuser Busch Inbev Unlisted Shares
Balance Sheet of Anheuser Busch Inbev Unlisted Shares
Profit and Loss of Anheuser Busch Inbev Unlisted Shares
Ancillary of Anheuser Busch Inbev Unlisted Shares
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of Anheuser Busch Inbev Unlisted Shares
-
How to buy AB InBev India Ltd.?
Below are three ways through which you can purchase AB InBev India Ltd.:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy AB InBev India Ltd., please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
-
How to sell AB InBev India Ltd.?
Below are three ways through which you can sell AB InBev India Ltd.:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell AB InBev India Ltd., please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
-
What is the price of AB InBev India Ltd.?
We provide a two way quote on all the shares we deal in. Your buy price for AB InBev India Ltd. is ₹499 and your sell price for AB InBev India Ltd. is ₹400. The price is based on our estimates and market conditions.
-
What is the lock-in period of AB InBev India Ltd.?
The lock-in period for AB InBev India Ltd. varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of AB InBev India Ltd.
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of AB InBev India Ltd.
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
-
How is the AB InBev India Ltd. price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of AB InBev India Ltd.. The price is also determined from the most recent funding round for AB InBev India Ltd.. This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
-
What are the lot sizes of AB InBev India Ltd.?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of AB InBev India Ltd. with us kindly click here.
-
What are the financials of AB InBev India Ltd.?
The financials of AB InBev India Ltd. which includes the P/L of AB InBev India Ltd. and the Balance Sheet of AB InBev India Ltd. is in the financials section (Click on link).
-
Where can I find the annual report of AB InBev India Ltd.?
The annual report of AB InBev India Ltd. is available in the annual report section (Click on link).
-
Is buying AB InBev India Ltd. legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
-
Short-term Capital Gain taxes to be paid on AB InBev India Ltd.?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
-
Long-term Capital Gain taxes to be paid on AB InBev India Ltd. and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
-
Applicability of Taxes on AB InBev India Ltd. once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source AB InBev India Ltd.?
At Altius Investech, our approach to sourcing AB InBev India Ltd. unlisted shares involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of AB InBev India Ltd. unlisted shares. This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying AB InBev India Ltd. from its platform?
Altius Investech stands at being India's fastest growing and leading marketplace for buying and selling unlisted shares. We believe in enabling access to alternative sources of investments at lower entry barriers to private equity investments.
With more than 25 years of experience, Altius Investech has carved a niche in the financial market by serving more than 8000 clients. The incredible journey is further highlighted by the vast number of transactions that Altius Investech has facilitated transactions that have already exceeded 300 crores.
For investors Altius Investech curates investment opportunities in companies at reasonable valuations which are on the verge of an IPO leading to massive value unlocking. Investments are backed by thorough research and sound investment thesis, with a time bound exit plan.
For ESOP Shareholder and existing Investors, we assist them to liquidate their shares even if they are not publicly traded by creating a platform where we find the right buyers and sellers for the best prices.
Altius Investech have been featured in top media news outlets like Economic Times, Financial Express, Money control. Check out about us on these - leading publications (Click on link) Our journey over these years has not just been about numbers; it's been about building trust and reliability.
We at Altius Investech are dedicated to upholding the greatest levels of ethics and transparency, making sure that your investment experience is not only profitable but also safe and reliable.
Press of Anheuser Busch Inbev Unlisted Shares
Featured Blogs of Anheuser Busch Inbev Unlisted Shares
Annual Report of Anheuser Busch Inbev Unlisted Shares
Company Information of Anheuser Busch Inbev Unlisted Shares
Featured Companies


