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
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
Leading beer maker United Breweries Ltd (UBL) expects a 6 to 7 per cent volume growth this fiscal despite the impact of rains in some of the key states during the second quarter, said its Chief Executive Officer and Managing Director Vivek Gupta. Besides, premiumisation is also expected to grow by 25 per cent and the long-term outlook for UBL, now controlled by Dutch multinational brewing company Heineken NV, is "very strong", Gupta told PTI. He expects recent GST reforms, in which the government is lowering the taxes on most consumer goods and some services, effective from September 22, will also help increase the consumption of alcoholic beverages. However, this will also depend on state governments. If they "work objectively, where they do not just increase taxes (excise) because they feel about a revenue shortfall coming of GST (changes), I think it should help in consumption of Alco-Bev because consumers will spend money on coming together, connecting together, going outside, .
Mount Everest Breweries has acquired Cheers Breweries in Mysuru for Rs 300 crore, boosting capacity by 75 per cent and marking its entry into Karnataka's beer market
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
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United Breweries shares rose 4% after it reported a 6 per cent increase in the net profit for the current financial year (Q1FY26)
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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
United Spirits and Allied Blenders led a selloff in alcohol beverage makers on reports that the Maharashtra government approved a hike in excise duty
The move is part of a consolidation effort in its brewery operations, and the company plans to expand its Mysuru brewery
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
India and the UK have mutually agreed on an FTA after long bilateral discussions, with broader economic impact on many sectors, including AlcoBev.
The RBI MPC, on Wednesday, unanimously decided to cut the repo rate by 25 basis points, bringing it down to 6 per cent, from 6.25 per cent earlier.
The alcoholic beverages segment saw some demand in Q3FY25, driven by the festive season, and the reopening of the Andhra Pradesh market
Among the key themes identified in the report is the growing importance of rural markets. Nuvama expects companies with a stronger rural exposure to outpace urban-focused peers in the next 2 quarters
The company is planning to invest Rs 750 crore in a greenfield brewery in UP, to produce mainstream and premium brands