Page 2 - United Breweries

SBI Mutual Fund purchases United Breweries shares for Rs 678 crore

SBI Mutual Fund on Wednesday bought shares of United Breweries Ltd for Rs 678 crore through an open market transaction. According to the block deal data available with the NSE, SBI Mutual Fund acquired 46,28,452 shares of United Breweries Ltd (UBL). The shares were purchased at an average price of Rs 1,465.80 per piece, taking the aggregate transaction size to Rs 678.43 crore. Meanwhile, these shares were offloaded by the State Bank of India (S) at the same price. Shares of UBL rose 1.31 per cent to close at Rs 1,500 apiece on the NSE. As of the June quarter, dutch brewing major Heineken holds a majority stake in United Breweries Ltd.

Undeterred by price hike, liquor sales at nearly 400 mn cases in FY23

Whisky continued to register the biggest numbers and accounted for around 75 per cent of overall spirits demand

United Breweries hits 52-week low as high RM prices hurt Q4FY23 margins

So far this calendar year (CY23), the stock has crashed over 20 per cent, as against 0.1 per cent rise in the S&P BSE Sensex

United Breweries posts 94.03% slump in Q4 profit on higher input costs

India's United Breweries Ltd reported a 94.03% slide in fourth-quarter profit on Thursday, hurt by higher raw material costs

Heineken reports high-single-digit revenue growth in India for March qtr

Overall, Heineken NV recorded a revenue growth of 9.2 per cent in the first quarter of 2023 to 7,632 million Euro, with a 3 per cent organic growth in the volume

United Breweries hits 52-week low; dips 17% in 3 months on margin concerns

The company said it continues to remain optimistic on the long-term growth of the industry, driven by rising prosperity, youthful population and evolving consumer trends driving premiumization.

Stocks to watch: HUL, United Breweries, Motherson, Sun Pharma, Paytm, Cipla

Stocks to watch: Samvardhana Motherson announced it is buying SAS Autosystemtechnik (SAS), which manufactures auto cockpit modules, from French company Faurecia for Rs 4,790 crore

United Breweries not in high spirits due to increase in input costs

Inflationary environment also poses a risk to consumption and volume growth

United Breweries consolidated net loss at Rs 1.81 crore in December quarter

Beer maker United Breweries Ltd on Thursday reported a consolidated net loss of Rs 1.81 crore in the third quarter ended December 31, 2022 on account of impairment of assets in Tamil Nadu and Andhra Pradesh, besides higher expenses. The company had posted a consolidated net profit of Rs 91.02 crore in the same quarter last fiscal, United Breweries Ltd (UBL) said in a regulatory filing. Consolidated total income during the quarter under review stood at Rs 3,713.54 crore as against Rs 3,517.98 crore in the year-ago period, it added. Total expenses were higher at Rs 3,675.28 crore as compared to Rs 3,394.4 crore in the corresponding quarter a year ago, the company said. The company said there was continued inflationary pressures on costs, particularly on prices of barley and packaging material. During the quarter, the company said it incurred an exceptional item outgo of Rs 33.12 crore which was recorded as impairment on property, plant and equipment in Tamil Nadu and Andhra Pradesh.

Wine maker Sula's IPO to open Dec 12, size Rs 900-1,000 crore, say sources

Entire issue will be OFS of nearly 27 million shares belonging to promoters and PE investors

Sobering reality: Three liquor firms served notices for surrogate ads

In its warning, the MCA had said that "during recent sports events that were televised globally", many instances of surrogate advertising had been noticed

Near-term margin hangover may put a lid on United Spirits' upside

Even as brokerages are positive on the prospects of the two liquor majors, they face profitability challenges

United Breweries Q2 net rises 67% to Rs 134.12 cr, revenue up 11.5%

Beer maker United Breweries Ltd has reported a 66.94 per cent growth in its consolidated net profit at Rs 134.12 crore in the second quarter ended September 30, mainly on the back of volume growth. The company, controlled by Dutch multinational brewing company Heineken NV, had posted a net profit of Rs 80.34 crore in the year-ago period, it said in a regulatory filing on Thursday. The revenue from operations of United Breweries Ltd (UBL) was up 11.49 per cent to Rs 3,673.51 crore during the quarter under review. It stood at Rs 3,294.73 crore in the corresponding period of the previous fiscal. The company's volumes in the second quarter of the current fiscal were up 23 per cent, compared to the corresponding quarter, 3 per cent higher than the pre-pandemic numbers of the July-September period of 2019, said UBL. However its "gross margin during the quarter was lower by 508 bps as compared to Q2 2021, due to continued inflationary pressures on costs, particularly on prices of barley a

Can Bira 91 deal trigger gains for alcohol stocks? Here's what charts say

After an exciting 2021, shares of major alcohol manufacturers have been under pressure so far this year. Here's what charts suggest is in store for them

Analysts remain bearish on liquor companies despite Q1 volume gains

Raw material pressures and lack of pricing power key reasons for this view

United Breweries' Q1 net profit rises to Rs 162.5 cr on volume growth

Beer maker United Breweries Ltd on Wednesday reported a five-fold jump in its consolidated net profit to Rs 162.50 crore in the June quarter, mainly on the back of volume growth. The company, controlled by Dutch multinational brewing company Heineken NV, had posted a net profit of Rs 30.94 crore in the year-ago period, according to a regulatory filing. United Breweries Ltd's (UBL) revenue from operations climbed 95.88 per cent to Rs 5,196.08 crore during the quarter under review. It stood at Rs 2,652.63 crore in the corresponding period of the previous fiscal. The company's volumes in the first quarter of the current fiscal were more than double compared to the Covid-impacted quarter on an annual basis. "The quarter witnessed a more than doubling of volumes, in addition to a sequential growth of 42 per cent resulting in an 8 per cent growth over corresponding pre-Covid quarter 2019. "The premium segment recorded growth ahead of the total portfolio," UBL said. However, its gross

Time to raise a toast to liquor stocks? Selectively, say analysts

Analysts believe the worst may be over for the sector, with out-of-home (OOH) consumption picking up, and reduction in taxes by some state governments

Stocks to Watch: Reliance, Bajaj Finance, Wipro, HDFC Life, Tata Coffee

Stocks to Watch Today: Shares of Bajaj Auto, Hindustan Unilever and Indian Hotels are likely to be in focus as the companies report Q4 results on Wednesday.

United Breweries net profit up 67.9% to Rs 164 crore in March quarter

The company had posted a net profit of Rs 97.53 crore during the January-March quarter of the previous fiscal, United Breweries Ltd (UBL) said in a regulatory filing.

United Breweries to gain from volume recovery, easier regulations

Margins, however, could remain under pressure due to high barley, glass prices