United Breweries

United Breweries Q2 results: Net profit increases 23% to Rs 132 cr

The brewer, which is majority-owned by Netherlands-based Heineken, reported a 13 per cent rise in quarterly revenue to Rs 4,742 crore

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United Breweries Q1 results: Net profit rises 27.5% to Rs 173.8 cr

Beer maker United Breweries Ltd, controlled by Dutch multinational brewing company Heineken NV, on Thursday reported a 27.47 per cent rise in consolidated net profit to Rs 173.80 crore for the first quarter ended on June 30. The company had posted a net profit of Rs 136.34 crore in the April-June quarter a year ago, according to a regulatory filing from United Breweries Ltd (UBL). UBL's revenue from operations rose 10.83 per cent to Rs 5,811.28 crore during the quarter under review. It was Rs 5,243.01 crore in the corresponding quarter a year ago. Gross profit improvement was driven by volume and price mix, according to an earnings statement. UBL's gross profit margin improved by 247 bps against the previous year, it added. The increase in net sales in Q1 is "driven by 5 per cent volume growth, led by 44 per cent growth in the premium segment, further fuelled by pricing," it said. "Within the segment, we see strong growth for Kingfisher Ultra and Kingfisher Ultra Max and we conti

United Breweries eyes strong growth in the premium beer segment

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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United Breweries announced a more than five-fold increase in net profit to Rs 80.15 crore for the January-March period of 2023-24 compared to the same period last year

United Breweries Q4 results: Net profit jumps 5-fold to Rs 80.15 crore

United Breweries Ltd on Tuesday reported a more than five-fold jump in net profit to Rs 80.15 crore for the January-March period of 2023-24 compared to the year-ago period. The beverages maker had reported a net profit of Rs 13.05 crore for the April-March quarter of 2022-23, according to an exchange filing. Revenue from operations rose 17 per cent to Rs 4,788.68 crore in the last quarter of FY24 compared to Rs 4,081.01 crore in the year-ago quarter. Total expenses rose to Rs 4,705.38 crore in the quarter under review from Rs 4,079.32 crore in the year-ago period. Net profit for the full fiscal year ended on March 31, 2024, rose 33 per cent to Rs 412.59 crore compared to Rs 308.10 crore in the previous year. Total income rose 10.49 per cent to Rs 18,453.27 crore in FY24 compared to Rs 16,700.52 crore in the previous year, the filing stated. The board of the company also recommended a final dividend of Rs 10 per share (1,000 per cent) of the face value of Re 1 for the 2023-24 fina

United Breweries surges 10% on hopes of healthy revenue in March quarter

Heineken N.V., the promoter group, said that India net revenues grew by 20 per cent organically in the January to March quarter

Good times ahead for United Breweries as heatwave, IPL set the tone

The company is expected to increase its volumes in the March quarter by 9% Y-o-Y on the back of market share gains in N India

Summer cheer for beer firm United Breweries as margins remain stable

Cheaper raw material prices and growth in premium segment expected to help company

Water supply to breweries might be curtailed in Marathwada region

With parts of Marathwada region in Maharashtra facing water shortage due to inadequate rainfall, water supply to breweries in Chhatrapati Sambhajinagar district might be curtailed if necessary, an official said. The Jayakwadi dam's Nath Sagar reservoir supplies water to residential and industrial areas of Chhatrapati Sambhajinagar and neighbouring Jalna district. Twelve companies are involved in making liquor and beer in Chhatrapati Sambhajinagar. In the 2023-24 financial year, these companies manufactured 761.53 lakh bulk litres of liquor and 3,778.28 bulk litres of beer, an excise official said. They generated a revenue of Rs 5,455.70 crore for the state government, which was Rs 347.14 crore more than the previous year (2022-2023) year, the official said. Amid scarcity, 443 water tankers have been operating in the district as of April 4. As of now, 269 villages and 48 hamlets are dependent on tanker water supply, a revenue official said. Asked about the water availability and it

United Breweries gets tax demand of over Rs 263.70 cr from Maha GST dept

United Breweries Ltd on Friday said it has received a tax demand of over Rs 263.70 crore, including interest and penalty from the Maharashtra State Goods & Service Tax Department. In a regulatory filing, the company said the Deputy Commissioner of State Tax, Raigad Division, Maharashtra State Goods & Service Tax Department passed an order levying an additional tax of Rs 1,19,82,34,560, interest of Rs 1,15,03,04,218 and penalty of Rs 28,86,97,379 -- totalling to Rs 2,63,72,36,156 for FY 2019-20. "The demand order has been raised on account of levy of 60 per cent CST on debit notes raised by UBL on Telangana State Beverage Corporation (TSBCL), Karnataka State Beverage Corporation (KSBCL), Andhra Pradesh State Beverage Corporation (APBCL) for reimbursement of state excise duties paid on behalf of State Beverage Corporations for the period April 2019 to March 2020," United Breweries Ltd (UBL) said. Demand is also raised on account of non-submission of declaration forms for ...

F&O strategy: Bull spread recommended on UBL for March series

Nandish Shah of HDFC Securities recommends to Buy UBL 1700 CALL and simultaneously Sell 1800 CALL for the March expiry.

United Breweries Q3 results: Profit at Rs 84.85 crore, revenue up 12.3%

The Kingfisher beer maker reported a standalone profit of Rs 84.85 crore (nearly $10 million) for the quarter ended Dec. 31, compared with a loss of Rs 2.1 crore a year earlier

As competition intensifies, UB attempts market expansion in premium segment

United Breweries account for about 50% of the segment which AB InBev follows at around 25%, while Carlsberg is the third largest company in the space with a share of around 18%

United Breweries Q2 results: Net profit falls 20% to Rs 107.17 cr

Beer maker United Breweries Ltd on Thursday reported a 20.09 per cent decline in consolidated net profit to Rs 107.17 crore for the second quarter ended September 30. The company, controlled by Dutch multinational brewing company Heineken NV, had posted a net profit of Rs 134.12 crore in the July-September quarter a year ago, United Breweries Ltd (UBL) said in a regulatory filing. UBL's revenue from operations rose 14.13 per cent to Rs 4,192.86 crore during the quarter under review. It was Rs 3,673.51 crore in the corresponding period of FY23. "Gross profit margin on a year-to-date basis was lower as compared to the previous year (-287 bps) though with further improvements vs the previous quarter (+396 bps) driven by continued revenue management & cost initiatives," said an earning statement from UBL. Its total expenses stood at Rs 4,060.92 crore, up 15.79 per cent in the second quarter of FY24. In the September 2023 quarter, UBL's volume "increased 7 per cent predominantly", ...

Toast to margins, demand recovery: Liquor firms see buzz after sober Q1

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United Breweries Ltd appoints Vivek Gupta as new MD & CEO of company

United Breweries Ltd (UBL), now part of Dutch brewing firm Heineken, on Thursday announced appointment of Vivek Gupta as Managing Director and CEO of the company. Gupta, 47, joins UBL from B2B online trade platform Udaan.com and his appointment will be effective from September 25, 2023. The UBL board at its meeting held on Thursday approved the appointment of Gupta as MD& CEO of the company, said a regulatory filing from the company which owns iconic beer brand Kingfisher. Besides, he has been appointed as an additional director on the board, it added. The appointment will be subject to approval of the shareholders of the company, UBL added. Gupta, an engineering graduate with a Master's in business management from IIM, Ahmedabad, has experience in working with homegrown Indian and global companies. He shall hold office as MD & CEO for a period of five years with effect from September 25, 2023, which will be extendable subject to approval of the shareholders, the filing ...

United Breweries brings on Vivek Gupta as MD & CEO from September 25

His most recent position with P&G was as managing director for Australia and New Zealand