United Breweries reported a standalone net profit of ₹136 crore in the second quarter of the current financial year, a 190% rise from ₹47 crore in the same period last year. The Bengaluru-based maker of Kingfisher beer saw its revenue from operations climb 24% to ₹4,621 crore, up from ₹3,736 crore year-ago.

Following the earnings announcement, United Breweries shares surged as much as 15% to an intraday high of ₹1,317 after post-market hours on Tuesday. At 11:12 am the stock was trading 8.4% higher at ₹1,240, outperforming the NIFTY LARGEMIDCAP 250 index which was down 0.33%.

Operating profit, measured as EBITDA, doubled to ₹260 crore from ₹130 crore, a 100% increase. The EBITDA margin improved by 210 basis points to 5.63%. Gross profit margin also rose, improving by 194 basis points as structural interventions offset the Middle-East war impact in the quarter.

The company reported accelerated category growth, delivering 16% sell-in volume growth and 38% premium volume growth during the quarter. Volume growth in the first half of the current financial year was primarily driven by the West region—Maharashtra and Madhya Pradesh—and the South region—Karnataka, Tamil Nadu and Andhra Pradesh.

For the first half, EBIT rose by ₹120 crore, with the EBIT margin expanding by 129 basis points, driven by gross profit margin growth and disciplined cost management that offset the Middle-East war impact in the beverage sector.