UB Q3 profits up 80% to Rs 72 cr on higher beer sales
UB had reported profits of Rs 39.94 crore and sales of Rs 1000.42 crore in the same period last year
 "UB Q3 profits up 80% to Rs 72 cr on higher beer sales")
Bengaluru-based beer maker UB had reported profits of Rs 39.94 crore and sales of Rs 1,000.42 crore in the same period last year, the company informed the Bombay Stock Exchange.
UB stock was up 3.76% or Rs 29.30 to close at Rs 808.10 on the Bombay Stock Exchange on Tuesday.
In Kerala, liquor is banned except in five star hotels, while the state has given licenses to beer and wine outlets. Telangana and Karnataka traditionally have high beer consuming population. Northern states such as Delhi, Chandigarh and Madhya Pradesh has also seen better growth in the quarter.
The beverage industry grew 13% in the quarter, UB said in a statement.
UB Managing Director Shekhar Ramamurthy in a recent interview had said that the second half would be better than the first half of the financial year due to favourable market conditions.
"The beer industry has been flat in the first half. We are hopeful that the second half of the year will start showing 5-6% growth," Ramamurty said.