Leading beer producer United Breweries today reported over 65 per cent jump in net profit to Rs 55.51 crore for the third quarter ended December 31, 2013, on the back of higher sales and low finance cost.
The company had posted a net profit of Rs 33.52 crore during the same period of previous fiscal.
Total income from operations increased to Rs 952.81 crore during the period as against Rs 838.68 crore, United Breweries Ltd said in a filing to the BSE.
"The company posted good volume growth in key markets resulting in growth of revenue and profit. Double digit volume growth is witnessed in Karnataka, West Bengal, Uttar Pradesh and Rajasthan," the company said in a statement.
Net sales of the company jumped to Rs 859.11 crore in the quarter from Rs 771.20 crore in the year ago period. Finance cost of the company came down to Rs 18 crore from Rs 21.41 crore.
The company, however said markets sentiments remained negative in Maharashtra on account of higher end consumer prices while in Tamil Nadu it "continued to suffer from unfavourable ordering pattern of TASMAC".
The company is engaged in manufacture and sale of beer, including licensing of brands.
Shares of United Breweries today closed at Rs 788.15 on BSE, down 3.14 per cent.
