 "United Breweries hits record high post Q3 results")
United Breweries (UBL) hit a record high of Rs 1,243, up 9.5% on BSE in intra-day trade, after the company said on a year to date basis, volume grew 6% compared with industry growth of 3%.
The company gained market share in its important markets including Rajasthan, Karnataka, Orissa and West Bengal.
Furthermore, UBL showed strong growth and outperformed the beer market in Andhra Pradesh and Telangana. Also in Tamil Nadu, volume growth exceeded the market, given the company’s absence in the state in the same quarter last year, it added.
UBL reported a 2.28% decline in its standalone net profit to Rs 474 million for the third quarter ended December on account of higher expenses. The company had posted a net profit of Rs 485 crore during the same period previous fiscal.
Total income during the quarter under review stood at Rs 26.09 billion as compared to Rs 22.61 billion in the October-December quarter previous fiscal.
At 01:05 PM; the stock was trading 3% higher at Rs 1,169 on BSE as compared to 0.62% decline in the S&P BSE Sensex. A combined 1.42 million shares changed hands on the counter on BSE and NSE so far.
The company gained market share in its important markets including Rajasthan, Karnataka, Orissa and West Bengal.
Furthermore, UBL showed strong growth and outperformed the beer market in Andhra Pradesh and Telangana. Also in Tamil Nadu, volume growth exceeded the market, given the company’s absence in the state in the same quarter last year, it added.
UBL reported a 2.28% decline in its standalone net profit to Rs 474 million for the third quarter ended December on account of higher expenses. The company had posted a net profit of Rs 485 crore during the same period previous fiscal.
Total income during the quarter under review stood at Rs 26.09 billion as compared to Rs 22.61 billion in the October-December quarter previous fiscal.
At 01:05 PM; the stock was trading 3% higher at Rs 1,169 on BSE as compared to 0.62% decline in the S&P BSE Sensex. A combined 1.42 million shares changed hands on the counter on BSE and NSE so far.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%