Page 4 - Beer

'Strong consumer demand': AB InBev raises 2022 outlook as beer sales rise

"We continue to see strong consumer demand for our portfolio and a resilient beer category as we navigate the dynamic operating environment," Chief Executive Michel Doukeris said in a statement

Indian craft beer maker Bira 91 to buy Beer Cafe in all-stock deal

Started in 2015, Bira is one of India's most popular craft beer makers and is backed by Japan's Kirin Holdings and Belgium's Sofina

Costly beer and luxury cars? Consumers and profits fine with that

With costs of many raw materials flaring amid bottlenecks, companies have been testing how much they can raise prices after years of subdued inflation

United Breweries to gain from volume recovery, easier regulations

Margins, however, could remain under pressure due to high barley, glass prices

NCLAT stays CCI order imposing Rs 873 cr penalty on UBL, other beer makers

Passing an interim order, a two-member NCLAT bench has directed parties, including United Breweries Ltd, to deposit 10 per cent of the penalty amount by way of Fixed Deposit Receipt' within three week

Indian Made Foreign Liquor consumption in MP up by 23% in one decade: Govt

The annual intake of the Indian Made Foreign Liquor (IMFL) in Madhya Pradesh has increased by 23 per cent in the past one decade, state Excise Minister Jagdish Devda said

Premiumisation strategic priority, to launch brands from Heineken: UBL

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

CCI penalises 3 beer companies for cartelisation of sale, supply of beer

CCI has passed a final order against three beer companies for indulging in the cartelisation of sale and supply of beer in various States and Union Territories in India

Sequoia-backed beer maker Bira 91 plans fifth brewery before IPO

The new brewery in Madhya Pradesh -- Bira's second in the central Indian state -- will initially add 400,000 hectoliters a year, Ankur Jain, the 41-year-old chief executive officer said

Second Covid wave hits Indian beer industry, outlook is volatile: UBL

Beer comprises about 12 per cent of the total alcohol consumed in India.

Heineken takes control of India's United Breweries cementing its position

Heineken is the world's second largest beer maker

Budweiser promises to restore art it plastered with Messi murals

The beer brand had painted over street art in Delhi and Mumbai, inviting social media outrage

United Breweries Q3 consolidated net profit up 19% to Rs 127 cr

Beer maker United Breweries on Thursday reported an 18.87 per cent increase in consolidated net profit to Rs 127.19 crore for the third quarter ended December 2020.

Lower taxes, opening of channels to aid volume recovery at United Breweries

Falling input prices, cost cuts to improve margins

Carlsberg, SABMiller, UB colluded to fix beer prices in India: CCI report

Top executives of Carlsberg, SABMiller and India's United Breweries exchanged commercially sensitive information and colluded to fix beer prices in India for 11 years, according to an antitrust report

As China halts imports, India's craft beer craze may rescue Aussie barley

With India's population growing by 15 million per year, the industry will need to make an additional 2 million hectoliters between 2019-24 -- or 80 Olympic swimming pools worth, Bloomberg Intelligence

Volume gains ahead for United Breweries, but investors should be cautious

While the September quarter could be another washout, there are some positive triggers which could lead to demand improvement

Beer market may see acquisitions, entry of new players despite Covid: UBL

Besides, UBL, a market leader in the segment, also expects the export of beer to grow with support from the government

Diageo incurred 2-mn-pound loss on sale of India wine business in FY20

Talking about consumption preferences, Diageo said consumers who drink alcohol are increasingly choosing spirits over beer and wine

Brewing with happiest water on earth: India, Bhutan bond over beer

Serbhum's latest Indian collaboration is the Beor360, a new beer that made its way into the Delhi market last month