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Dutch brewing major Heineken NV, which owns United Breweries Ltd (UBL), on Wednesday said its India beer volume saw a "mid-single-digit" decline in the September quarter on account of unusually heavy rains in parts of the country during monsoon. However, its organic net revenue grew in "mid-single-digit", largely supported by price hikes in some of the key states, along with a portfolio mix. "In India, organic net revenue (beia) grew by a mid-single-digit, while beer volume fell by a mid-single-digit, impacted by an unusually strong monsoon season. We outperformed the market. Price-mix expanded by a high single digit, supported by pricing in key states and portfolio mix," said Heineken in its earnings statement. Its volume in the premium beer segment -- generally above Rs 125 per pint -- "grew in the low teens" led by Ultra Max from the portfolio of the home-grown brand Kingfisher and launch of Amstel Grande during the quarter. In 2025, many states saw higher than normal rainfall i
Beer maker United Breweries Ltd on Wednesday reported a 19.87 per cent rise in its consolidated net profit to Rs 97.76 crore in the January-March quarter of 2024-25 compared to Rs 81.55 crore in the January-March quarter a year ago. UBL's revenue from operations dropped by 7.54 per cent to Rs 4,427.15 crore in the March quarter compared to Rs 4,788.68 crore in the corresponding period a year ago, according to a regulatory filing by the company controlled by Dutch multinational brewing company Heineken NV. Its total expenses were at Rs 4,303.09 crore, down 8.54 per cent in the March quarter of FY25. Its total income, which includes other income, in the March quarter, was down 7.9 per cent to Rs 4,435.16 crore. UBL's net profit for the financial year ended on March 31, 2025, was up 7.67 per cent to Rs 442.41 crore. It was at Rs 410.86 crore a year before. In FY'25, UBL's total consolidated income was at Rs 19,444.44 crore, up 5.37 per cent. Shares of United Breweries Ltd on Wednesd
Dutch beer maker Heineken NV witnessed a 4.5 per cent volume growth in its premium category led by flagship brand Heineken along with significant contributions from Kingfisher Ultra in India and Savanna in Southern Africa in the September quarter, company's Chairman and CEO Dolf van den Brink said on Wednesday. In India, organic beer volume grew by a mid-single-digit, the company said, adding that growth in India and Indonesia partially compensated for lower volume in Vietnam and Cambodia that led to beer volume organically declining by 1.2 per cent in the Asia Pacific region. "We delivered a solid quarter of balanced growth, organically growing beer volume 0.7 per cent and net revenue 3.3 per cent. Our business continues to deliver in line with our plan in aggregate, despite some markets navigating challenging consumer and industry trends," van den Brink said in a statement. He further said, "Our EverGreen strategy continues to shape our business. Premium volume grew 4.5 per cent,
Dutch brewer Heineken has completed its withdrawal from Russia, 18 months after Moscow launched its full-scale invasion of Ukraine, selling its business in Russia for just 1 euro, the company announced Friday. Heineken said it would incur a total loss of 300 million euros ($325 million) for the sale to Russian manufacturing giant the Arnest Group. Heineken had faced criticism for the slow pace of its exit in the wake of the outbreak of war, but insisted it was seeking to look after its local employees in Russia. In March last year, Heineken had said it was quitting Russia as its business there was no longer sustainable nor viable in the current environment," but added that it wanted to ensure an orderly transfer to a new owner. While it took much longer than we had hoped, this transaction secures the livelihoods of our employees and allows us to exit the country in a responsible manner, Heineken CEO Dolf van den Brink said in a statement. The sale covers all of Heineken's assets i
Dutch brewing major Heineken NV on Wednesday reported a high-single-digit organic growth in net revenue from the India market in the March quarter, helped by volume growth and pricing. Heineken, which now controls the leading Indian beer maker United Breweries Ltd (UBL), said it had a mid-single-digit volume growth in the January-March period, led by the domestic brand Kingfisher. Its premium portfolio of beer in the Indian market grew in the "high-teens", led by Kingfisher's Ultra and Heineken Silver, the company said in the update for the first quarter of 2023. "In India, net revenue grew by a high-single-digit organically, driven by volume growth and pricing. Beer volume grew by a mid-single-digit, led by Kingfisher," it said. In the Chinese market, Heineken grew by close to fifty per cent, with a strong performance of Heineken Original and Heineken Silver, it added. However, in the Asia Pacific region, Heineken's net revenue declined 5.4 per cent organically, with total ...
Premiumization of the beer market is a "strategic priority" for United Breweries Ltd (UBL) and the company has plans to introduce brands from the global portfolio of Heineken, the Dutch multinational, which now owns a majority stake, said a top company official. Besides, the company would continue to drive the mainstream portions through a category penetration share gain route, which contributes a larger chunk of the business. Presently, the Indian beer market is "underpenetrated" and it has "immense" potential led by factors including a sizeable young population, growing prosperity and rising urbanisation, said UBL CEO and Managing Director Rishi Pardal. "Other than beer penetration, our other strategic priority is premiumization of the market. Today the premium segment of the beer market is a small portion of the overall beer market. "While we continue to drive the mainstream portions through a category penetration share gain route, we are also focused on how we can premiumize th