Among the key themes identified in the report is the growing importance of rural markets. Nuvama expects companies with a stronger rural exposure to outpace urban-focused peers in the next 2 quarters
The company is planning to invest Rs 750 crore in a greenfield brewery in UP, to produce mainstream and premium brands
In its investor presentation, the company management said that they are building further category growth while driving the share of premium in our portfolio remains a key focus
Stocks to Watch, Feb 14, 2025: From Nazara Tech to Hindalco, here are a few stocks that will on investors' and traders' radar during today's market session
The Kingfisher beer-maker's standalone profit before exceptional items and tax fell to Rs 86.73 crore ($9.99 million) in the quarter ended December, compared to Rs 116 crore a year ago
Q3FY25 company results, February 13: United Breweries, Ipca, and SVJN will be among 389 firms releasing their earnings report for the Oct-Dec 2024 quarter
United Breweries Group (UB Group) is an Indian company best known for its flagship brand, Kingfisher
The Indian beer industry contributed Rs 92,324 crore (USD 10.6 billion) to the country's economy in 2023, which represented 0.3 per cent of the national GDP, said Brewers Association of India citing a study conducted by Oxford Economics. This is part of the Rs 76.45 lakh crore (USD 878 billion) poured into the global GDP by the beer industry globally, according to the report. Brewers' direct contribution in India stood at Rs 40,050 crore (USD 4.6 billion) and over Rs 52,239 crore (USD 6 billion) by the downstream value chain. The beer industry also supported public finances as the sector contributed Rs 51,376 crore (USD 5.9 billion) in tax revenues through excise, sales taxes, other taxes, and the taxes paid by the downstream value chain. "This is 1.8 per cent of the government tax revenues," the statement said. Besides, the beer industry supported 0.3 per cent of national employment. It generated 13 lakh jobs, of which 5.4 lakh jobs were directly by the brewers, while 7.8 lakh we
Technical charts indicate that shares of ITC, Godfrey Phillips, VST Industries, Delta Corp and United Breweries could slide up to 28% from present levels. Check key levels here
This is an interim decision taken weeks after halting the supply over pricing and non-payment of dues by the Telangana govt
TGBCL has assured the company to address its issues on pricing and outstanding payments in a time bound manner, UBL said
Around the same time, among liquor stocks, United Breweries was up 4.28 per cent, Radico Khaitan was up 0.52 per cent, Som Distilleries was up 0.37 per cent
Meanwhile, NSE F&O data shows that FIIs were net sellers in Nifty futures for the sixth straight trading session on Tuesday, with net sales of 70,318 contracts in this period.
The stock price of United Breweries closed 4.09 per cent lower in Wednesday's trade to end at Rs 1,990.50 per share on NSE.
Maker of Kingfisher beer, United Breweries saw a 4% share drop following its suspension of beer supply to Telangana Beverages Corporation Limited
The brewer, which is majority-owned by Netherlands-based Heineken, reported a 13 per cent rise in quarterly revenue to Rs 4,742 crore
Here's a technical outlook on some of the key stocks owned by ace investor Radhakishan Damani.
In Asia, Japan's Nikkei traded up 0.27%, Hong Kong's Hang Seng rose 0.85%, and South Korea's Kospi increased 0.90%, while Shanghai Composite and Asia Dow traded flat on Friday morning.
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
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