In the September quarter, the company's gross margins shrunk 104 basis points year-on-year to 42.8 per cent on account of an adverse product mix and inter-state transfer
In the past one month, the BSE 500 index has underperformed the market by falling nearly 1 per cent, as compared to 1.3 per cent rise in the BSE Sensex.
Raw material costs will remain supportive for spirits players, with prices of ENA (extra neutral alcohol) and glass expected to stay benign
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This expansion will be financed through debt and equity, it said in its exchange filing
United Breweries Ltd on Wednesday reported a 65 per cent decline in consolidated net profit to Rs 46.34 crore in the September quarter impacted by unusual monsoon hitting beer sales. The company had posted a consolidated net profit of Rs 132.33 crore in the second quarter of the previous fiscal year, United Breweries Ltd (UBL) said in a regulatory filing. Consolidated revenue from operations during the quarter stood at Rs 3,737.31 crore compared to Rs 4,743.56 crore in the corresponding period a year ago, it added. Total expenses in the quarter under review were lower at Rs 3,686.37 crore as compared to Rs 4,575.68 crore, the company said. UBL said its "total volume declined 3.4 per cent in Q2, with growth in mainly Maharashtra, Andhra Pradesh and Assam more than off-set by adverse weather across our footprint as well as stock-building in Q2-FY25 following the peak season impacted by national elections". Premium volume grew 17 per cent in the quarter, it added. The company said i
UBL reported mid-single-digit growth in net revenue in India, despite a decline in beer volumes, affected by an unusually strong monsoon season
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Nirmal Bang assigned a target price of ₹2,250 per share for United Breweries, an upside of 25 per cent from Wednesday's closing price
TCS shares slipped 2.5 per cent in an intra-day deal, and are trading lower for the fifth straight day, falling 7 per cent during the period
The company has expanded brewery capacity by a third in Andhra Pradesh which, coupled with improving growth prospects in Maharashtra, is expected to offset the excise-related headwind in Karnataka
United Breweries is targeting 25-30% growth in its premium segment every quarter, with plans to expand capacity and outpace market growth in the beer industry, says CEO Vivek Gupta
United Breweries has commenced production of its flagship brand Kingfisher at the recently leased Ilios Brewery in East Godavari, Andhra Pradesh
United Breweries share price was trading 1.6 per cent higher at ₹1,824.3 per share against the previous close of ₹1,795.8 on the NSE
United Breweries shares rose 4% after it reported a 6 per cent increase in the net profit for the current financial year (Q1FY26)
United Breweries Ltd reported a 5.9% rise in Q1FY26 profit to ₹184 crore, despite a 7.4% drop in revenue. Premium beer segment grew 46%, led by Kingfisher Ultra and Heineken Silver