United Breweries shares jumped 2.79% to ₹1,847.9, driven by J.P. Morgan’s overweight outlook and optimism.

• Monsoon rains dented beer sales quarter, but volumes are expected to rebound in FY2026 second half.
• Price hikes, improved bottle returns, recycled glass use, and barley costs should boost margin expansion.
• Shares corrected 10% over two months, offering entry; average analyst rating hold, median target ₹2,018.5.