United Breweries hits record high post Q3 results

The stock 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%.

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