INDIA: United Breweries FY profits rise despite Q4 blip

By | 31 May 2013

  • FY net profits increase by 36% to INR1.72bn (US$30.5m)
  • Net sales climb by 9% to INR39.03bn
  • Operating profits up by 16%, hitting INR3.06bn
  • Q4 profits down by 20%
United Breweries is part of the UB Group

United Breweries is part of the UB Group

United Breweries has posted strong full-year results despite a drop in final-quarter profits.

Net profits jumped by 36% to INR1.72bn (US$30.5m) in the 12 months to the end of March, the Kingfisher brewer said yesterday (30 May). Net sales climbed by 9% to INR39.03bn over the same period while operating profits were up by 16% to INR3.06bn.

Fourth-quarter numbers were less rosy. Net profits fell by 20% to INR58.5m in the three months to the end of March and net sales increased by 7% to INR10.04bn. Operating profits decreased by 30% to INR455.2m.

The brewing division of The UB Group said, however, that the "amalgamation" of UB Ajanta Breweries into United Breweries in the previous fiscal year means that fourth-quarter numbers "are not comparable with those of corresponding periods of the previous year".

The results mirror United Breweries' YTD results, when nine-month numbers were strong but Q3 saw profits fall.

The Bangalore-based division saw its share price increase by 4.5% at the close today, following the release of the FY results.

United Breweries is 37.5%-owned by Heineken.

To read the company's official statement, click here.

Expert analysis

Beer in India

Beer in India industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2007-11, and forecast to 2016). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the India beer market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Sectors: Beer & cider, Company results

Companies: United Breweries, The UB Group, Heineken

View next/previous articles

Currently reading -

INDIA: United Breweries FY profits rise despite Q4 blip

There are currently no comments on this article

Be the first to comment on this article

Related research

UB Group in Spirits (World)

India’s largest spirits producer, UB Group’s United Spirits, came under the control of global leader, Diageo, in 2013. The profile analyses the most promising ways forward for United Spirits’ strong domestic portfolio and how Diageo can leverage the ...

Australia Cider Market Insights 2013

Comprising of textual analysis and data tables, this in-depth and exclusive country report from Canadean provides a comprehensive view of the cider industry structure including analysis and profiles on trade mark owners and local operators. Brand vol...

Australia Cider Market Insights 2013 - enterprise licence

Comprising of textual analysis and data tables, this in-depth and exclusive country report from Canadean provides a comprehensive view of the cider industry structure including analysis and profiles on trade mark owners and local operators. Brand vol...

Related articles

UK: Former CEO mulls Whyte & Mackay re-purchase

Vivian Imerman, the man who sold Whyte & Mackay to Vijay Mallya's UB Group in 2007, has publicly expressed an interest in buying back the Scotch whisky producer from Diageo.

Editor's Viewpoint - Whyte & Mackay: Who's Your Daddy, Now?

It would seem, then, that Whyte & Mackay is poised to welcome yet another new owner in the months to come.

INDIA: United Spirits H1 profits up as premium brands prosper

United Spirits has reported a return to net profits growth in its first half, but volumes for the spirits unit of The UB Group remained flat in the period.

just-drinks tagline

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page