Page 4 - United Breweries

CCI gives approval to Heineken extra stake buy in United Breweries

UB is the country's largest beer company, while Heineken is the world's second-largest brewer after Anheuser-Busch (AB) InBev

ED transfers Rs 5,600-cr UBL shares to recovery officer's demat account

Liquor firm United Breweries on Monday said ED has transferred 4.13 crore equity shares of the Vijay Mallya-promoted firm worth over Rs 5,600 crore to the Demat account of recovery officer of the DRT

United Breweries, Indian Hotels: RBI policy fires up hotel, liquor stocks

In order to mitigate the adverse impact of the second wave of the pandemic on certain contact-intensive sectors, a separate liquidity window of Rs 15,000 crore is being opened till March 31, 2022

United Breweries Q3 consolidated net profit up 19% to Rs 127 cr

Beer maker United Breweries on Thursday reported an 18.87 per cent increase in consolidated net profit to Rs 127.19 crore for the third quarter ended December 2020.

Lower taxes, opening of channels to aid volume recovery at United Breweries

Falling input prices, cost cuts to improve margins

Carlsberg, SABMiller, UB colluded to fix beer prices in India: CCI report

Top executives of Carlsberg, SABMiller and India's United Breweries exchanged commercially sensitive information and colluded to fix beer prices in India for 11 years, according to an antitrust report

More cheer for United Spirits as hard liquor sales outperform beer in Q2

Higher in-home consumption and premiumisation to benefit the Diageo-owned company

Nifty outlook and stock recommendations by Sameet Chavan of Angel Broking

Traders should not to trade aggressively now and rather continue with a stock-centric approach

SC rejects Vijay Mallya UBHL's plea against HC order to wind up firm

The Supreme Court dismissed a plea filed by United Breweries Holdings Limited of Vijay Mallya against an order of the Karnataka upholding the winding up of the firm

SC junks UBHL plea against Karnataka HC order to wind up Mallya's firm

SC dismissed a plea filed by Mallya's United Breweries Holdings Limited to challenge a Karnataka High Court order to uphold the winding up of the company for recovery of dues payable by Kingfisher

Volume gains ahead for United Breweries, but investors should be cautious

While the September quarter could be another washout, there are some positive triggers which could lead to demand improvement

Liquor stocks extend gains; Globus Spirits, United Breweries up over 5%

Globus Spirits was locked in 5 per cent upper circuit for the second straight day

Beer market may see acquisitions, entry of new players despite Covid: UBL

Besides, UBL, a market leader in the segment, also expects the export of beer to grow with support from the government

SC to examine if assets can be considered for liquidation to settle dues

UBHL has challenged the March 6 order of the Karnataka High Court upholding the decision of a single judge to wind up the company

UBL: Despite subdued Q1, growth prospects over medium term look positive

Supportive demographics and low beer penetration indicates strong growth opportunity for the beer market leader

United Breweries: Re-opening of bars, cash reserves augur well for the stk

Analysts at ICICI Securities believe that apart from re-opening of the economy and the subsequent business revival in the medium-to-long term, the company's virtual debt-free status provides comfort

Trying to position beer as a home consumption drink: United Breweries MD

In a Q&A, Rishi Pardal says he is happy some states hace rolled back liquor tax, and thar hus firm is positioning beer as a home drink even as it waits for bars to reopen

Covid-19 impact: United Breweries posts Q1 net loss of Rs 114.5 crore

Beer maker United Breweries Ltd on Friday reported a consolidated net loss of Rs 114.50 crore for the first quarter ended June 30, on account of decline in sales due to the pandemic. The company had posted a net profit of Rs 164.69 crore during the April-June quarter of the previous fiscal,United Breweries Ltd (UBL) said in a regulatory filing. Its revenue from operations slipped 73.17 per cent to Rs 1,262.82 crore during the quarter under review, as against Rs 4,708.42 crore in the corresponding period previous fiscal. UBL's total expenses declined 68.21 per cent to Rs 1,416.43 crore in Q1 FY21, compared to Rs 4,456.25 crore a year ago. According to the company, "its peak season was adversely affected by the pandemic" asthe COVID-19 lockdown led to complete closure of all outlets. "The primary volumes for the quarter in comparison to the corresponding quarter of the previous year were down 77 per cent," said UBL. Its revenue from beer segment fell 73.30 per cent to Rs 1,255.67 c

Investors shouldn't ignore downside risks, high valuations of UBL

Loss of peak season sales suggests tough recovery

United Breweries' outperformance unlikely to sustain in the near term

Loss of business in peak season, higher consumption cost and lower shelf life to make recovery tougher than United Spirits