United Breweries is a cornerstone in the brewing industry. Founded in 1915, it has grown into one of India’s largest beer producers. Innovation drives United Breweries forward. The company embraces modern brewing techniques while respecting traditional methods.
United Breweries is renowned for its diverse portfolio of beers that cater to various preferences. Its flagship brand, Kingfisher, offers a range of options, including Kingfisher Premium and Kingfisher Strong, both popular among consumers. The company also produces other notable brands like Bullet, a strong lager, and the craft beer brand White Owl, which brings unique flavors to the market.
In addition to these, United Breweries has ventured into specialty beers, appealing to craft beer enthusiasts. Their commitment to quality is evident in every brew, ensuring a consistent and enjoyable experience. The company continues to innovate, introducing new flavors and styles to meet evolving consumer tastes. Overall, United Breweries is dedicated to crafting exceptional beers that resonate with drinkers across India and beyond.
Q2 Results
On Thursday, United Breweries Ltd reported a 23.47 percent increase in consolidated net profit, reaching Rs 132.33 crore for the second quarter ended September 30, 2024, driven by better volumes. The company, controlled by Dutch multinational brewing giant Heineken NV, posted a net profit of Rs 107.17 crore in the same quarter last year, according to a regulatory filing.
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Management Commentary
UBL’s revenue from operations rose by 13.13 percent to Rs 4,743.56 crore during this quarter, up from Rs 4,192.86 crore a year earlier. UBL stated that total volume increased by 5 percent in Q2, despite unfavorable weather, mainly driven by growth in the North and West regions. The gross profit grew by 13 percent, fueling a 26 percent increase in EBIT and supporting significant investments in its brands and organizational capabilities.
Conclusion
United Breweries showed impressive growth in Q2 2024, despite challenging weather conditions, their sales volume grew by 5%, particularly in North and West India. Furthermore, their strategic focus on brand investment and organizational development continues to yield positive results.
Looking ahead, the company maintains a strong position in India’s brewing industry. Additionally, their diverse portfolio, including popular brands like Kingfisher and White Owl, helps them meet varying consumer preferences. Meanwhile, their partnership with Heineken NV strengthens their market presence. Finally, their commitment to both traditional and modern brewing methods suggests continued success in the coming quarters.
Written By: Dipangshu Kundu
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