Dutch beer maker Heineken NV witnessed a 4.5 per cent volume growth in its premium category led by flagship brand Heineken along with significant contributions from Kingfisher Ultra in India and Savanna in Southern Africa in the September quarter, company's Chairman and CEO Dolf van den Brink said on Wednesday. In India, organic beer volume grew by a mid-single-digit, the company said, adding that growth in India and Indonesia partially compensated for lower volume in Vietnam and Cambodia that led to beer volume organically declining by 1.2 per cent in the Asia Pacific region. "We delivered a solid quarter of balanced growth, organically growing beer volume 0.7 per cent and net revenue 3.3 per cent. Our business continues to deliver in line with our plan in aggregate, despite some markets navigating challenging consumer and industry trends," van den Brink said in a statement. He further said, "Our EverGreen strategy continues to shape our business. Premium volume grew 4.5 per cent,
The first tranche payment of Rs 350 crore was required to be made by March 21, 2022
UBL offers a range of premium brands, including Kingfisher's premium variants Ultra, and Ultra Max. Two years ago, the company introduced Heineken Silver, a premium lager variant
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